2022 Q4 Form 10-Q Financial Statement

#000147793222008528 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $4.685M $9.510M $2.814M
YoY Change 3.24% 237.95% 855.02%
Cost Of Revenue $7.266M $8.141M $3.069M
YoY Change 169.3% 165.29% 4121.71%
Gross Profit -$2.581M $1.368M -$254.9K
YoY Change -240.32% -636.78% -214.85%
Gross Profit Margin -55.1% 14.39% -9.06%
Selling, General & Admin $1.576M $1.037M $1.114M
YoY Change -0.17% -6.88% 259.32%
% of Gross Profit 75.8%
Research & Development $6.126M $3.693M $5.142M
YoY Change -24.27% -28.19% 550.93%
% of Gross Profit 269.87%
Depreciation & Amortization $610.6K $602.5K $495.7K
YoY Change -33.95% 21.55% -23.32%
% of Gross Profit 44.03%
Operating Expenses $8.669M $14.14M $10.66M
YoY Change -19.52% 32.7% 321.37%
Operating Profit -$11.25M -$4.632M -$7.843M
YoY Change 25.95% -40.94% 251.0%
Interest Expense -$426.2K -$311.5K $1.095M
YoY Change -77.03% -128.45% 188.48%
% of Operating Profit
Other Income/Expense, Net $117.8K -$637.6K -$1.071M
YoY Change -50.28% -40.44% -145.4%
Pretax Income $9.021M -$5.270M -$8.914M
YoY Change -185.5% -40.88% -7527.93%
Income Tax
% Of Pretax Income
Net Earnings $8.957M -$5.227M -$8.914M
YoY Change -184.9% -41.36% -7289.37%
Net Earnings / Revenue 191.2% -54.96% -316.76%
Basic Earnings Per Share
Diluted Earnings Per Share $0.13 -$78.74K -$148.4K
COMMON SHARES
Basic Shares Outstanding 68.70M shares 66.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.869M $3.769M $19.12M
YoY Change -22.83% -80.29% 2449.56%
Cash & Equivalents $10.99M $4.856M $20.13M
Short-Term Investments
Other Short-Term Assets $786.6K $1.054M $273.3K
YoY Change 24.93% 285.74% 51.85%
Inventory $446.7K $730.0K $1.664K
Prepaid Expenses $786.6K $1.054M $268.3K
Receivables $660.8K $5.671M $2.107M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.76M $11.22M $21.50M
YoY Change -29.62% -47.8% 1481.15%
LONG-TERM ASSETS
Property, Plant & Equipment $9.114M $15.06M $23.02M
YoY Change -60.21% -34.56% -0.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.78M $3.740M $2.250M
YoY Change 731.39% 66.24%
Other Assets $2.122M $1.087M $30.40M
YoY Change 93.74% -96.42% 4649.64%
Total Long-Term Assets $45.15M $26.09M $30.40M
YoY Change 63.72% -14.18% 8.52%
TOTAL ASSETS
Total Short-Term Assets $10.76M $11.22M $21.50M
Total Long-Term Assets $45.15M $26.09M $30.40M
Total Assets $55.92M $37.31M $51.90M
YoY Change 30.42% -28.11% 76.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.211M $3.321M $5.067M
YoY Change 28.32% -34.46% -52.33%
Accrued Expenses $106.9K $42.01K $427.8K
YoY Change -91.93% -90.18% -24.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.918M $11.29M $5.314M
YoY Change -63.71% 112.46% -57.38%
Total Short-Term Liabilities $27.44M $20.69M $27.94M
YoY Change 65.98% -25.95% 7.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $5.188M $4.746M
YoY Change -100.0% 9.31% -78.08%
Other Long-Term Liabilities $28.19M $20.51M $21.19M
YoY Change 45.15% -3.23% 39.23%
Total Long-Term Liabilities $28.19M $25.69M $21.19M
YoY Change -1.7% 21.25% -42.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.44M $20.69M $27.94M
Total Long-Term Liabilities $28.19M $25.69M $21.19M
Total Liabilities $55.63M $46.39M $49.13M
YoY Change 23.04% -5.59% -21.95%
SHAREHOLDERS EQUITY
Retained Earnings -$167.2M -$176.2M -$155.4M
YoY Change 0.87% 13.41%
Common Stock $6.680K $6.685K $6.083K
YoY Change 2.64% 9.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $284.7K -$9.009M $2.767M
YoY Change
Total Liabilities & Shareholders Equity $55.92M $37.31M $51.90M
YoY Change 30.42% -28.11% 76.72%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $8.957M -$5.227M -$8.914M
YoY Change -184.9% -41.36% -7289.37%
Depreciation, Depletion And Amortization $610.6K $602.5K $495.7K
YoY Change -33.95% 21.55% -23.32%
Cash From Operating Activities $17.96M -$3.931M -$6.995M
YoY Change -254.12% -43.81% 572.64%
INVESTING ACTIVITIES
Capital Expenditures -$2.149M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$11.12M $4.407M $0.00
YoY Change 1753.02%
Cash From Investing Activities -$11.12M $4.407M -$2.149M
YoY Change 1218.5% -305.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -704.0K -514.7K 146.4K
YoY Change -114.22% -451.47% -47.7%
NET CHANGE
Cash From Operating Activities 17.96M -3.931M -6.995M
Cash From Investing Activities -11.12M 4.407M -2.149M
Cash From Financing Activities -704.0K -514.7K 146.4K
Net Change In Cash 6.134M -38.34K -8.998M
YoY Change -181.33% -99.57% 1083.96%
FREE CASH FLOW
Cash From Operating Activities $17.96M -$3.931M -$6.995M
Capital Expenditures -$2.149M
Free Cash Flow -$4.846M
YoY Change 365.99%

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65846220 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-20005543 usd
CY2021Q1 arec Adjustment For Prior Year
AdjustmentForPriorYear
8 usd
CY2021Q1 arec Adjusted Opening Balance Amount
AdjustedOpeningBalanceAmount
-20005535 usd
CY2021Q1 arec Shares Issued In Conjunction With Warrant And Option Conversions Amount
SharesIssuedInConjunctionWithWarrantAndOptionConversionsAmount
2257712 usd
CY2021Q1 arec Shares Issued In Connection With Debt And Payable Conversions Amount
SharesIssuedInConnectionWithDebtAndPayableConversionsAmount
10131984 usd
CY2021Q1 arec Shares Issued Pursuant To Restricted Stock Offering Amount
SharesIssuedPursuantToRestrictedStockOfferingAmount
1275000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
10000 usd
CY2021Q1 arec Amortization Of Warrant And Stock Option Expense
AmortizationOfWarrantAndStockOptionExpense
115025 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-6389857 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-12605671 usd
CY2021Q2 arec Shares Issued In Connection With Warrant And Option Conversions Amount
SharesIssuedInConnectionWithWarrantAndOptionConversionsAmount
11703 usd
CY2021Q2 arec Shares Issued In Connection With Debt And Payable Conversions Amount
SharesIssuedInConnectionWithDebtAndPayableConversionsAmount
625276 usd
CY2021Q2 arec Shares Issued In Connection With Registered Offering Amount
SharesIssuedInConnectionWithRegisteredOfferingAmount
27943000 usd
CY2021Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-128568 usd
CY2021Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
115025 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-6650174 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9310590 usd
CY2021Q3 arec Shares Issued In Connection With Warrant And Option Conversions Amount
SharesIssuedInConnectionWithWarrantAndOptionConversionsAmount
2100 usd
CY2021Q3 arec Shares Issued In Connection With Debt And Payable Conversions Amount
SharesIssuedInConnectionWithDebtAndPayableConversionsAmount
2635385 usd
CY2021Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-368876 usd
CY2021Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
101615 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-8913521 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2767483 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2345408 usd
CY2022Q1 arec Issuance Of Common Shares For Warrant Conversion Amount
IssuanceOfCommonSharesForWarrantConversionAmount
665391 usd
CY2022Q1 arec Issuance Of Common Shares For Conversion Of Debt And Interest Amount
IssuanceOfCommonSharesForConversionOfDebtAndInterestAmount
622210 usd
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-40655 usd
CY2022Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
199843 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2752902 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-3651521 usd
CY2022Q2 arec Issuance Of Common Shares For Conversion Of Debt And Interest Amount
IssuanceOfCommonSharesForConversionOfDebtAndInterestAmount
1200000 usd
CY2022Q2 arec Issuance Of Common Shares For Warrant Conversion Amount
IssuanceOfCommonSharesForWarrantConversionAmount
8064 usd
CY2022Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
190024 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2443834 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-4697267 usd
CY2022Q3 arec Issuance Of Common Shares For Payables Conversion Amount
IssuanceOfCommonSharesForPayablesConversionAmount
602000 usd
CY2022Q3 arec Issuance Of Common Shares For Warrant Conversion Amount
IssuanceOfCommonSharesForWarrantConversionAmount
83156 usd
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
38800 usd
CY2022Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
170385 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-5269779 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9072705 usd
us-gaap Profit Loss
ProfitLoss
-10466517 usd
us-gaap Profit Loss
ProfitLoss
-21953551 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
3050771 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1858886 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1364220 usd
arec Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
926764 usd
arec Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
938136 usd
arec Accretion Expense One
AccretionExpenseOne
1274320 usd
arec Accretion Expense One
AccretionExpenseOne
916909 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
378198 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
arec Amortization Of Issuance Costs And Debt Discount
AmortizationOfIssuanceCostsAndDebtDiscount
0 usd
arec Amortization Of Issuance Costs And Debt Discount
AmortizationOfIssuanceCostsAndDebtDiscount
4095688 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
560252 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
478665 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
756611 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
38800 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2495408 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1839047 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
730023 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
148840 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
429737 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
93332 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
269564 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2709020 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-3194 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-615701 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-12920 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1638973 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11881575 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17441221 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1240438 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2250000 usd
arec Cash Invested In Note Receivable
CashInvestedInNoteReceivable
335000 usd
arec Cash Invested In Note Receivable
CashInvestedInNoteReceivable
0 usd
arec Payment To And Proceeds From Property Plant And Equipment
PaymentToAndProceedsFromPropertyPlantAndEquipment
-5052912 usd
arec Payment To And Proceeds From Property Plant And Equipment
PaymentToAndProceedsFromPropertyPlantAndEquipment
2825701 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3477474 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5075701 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
286573 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1604003 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
641409 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
600000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
29218000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
2563000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2269425 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
672422 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31446016 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7731677 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
8929094 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12588113 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11201203 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4856436 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20130297 usd
us-gaap Interest Paid Net
InterestPaidNet
64094 usd
us-gaap Interest Paid Net
InterestPaidNet
42426 usd
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
2424210 shares
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
8485384 shares
arec Acquisition Of Right Of Use Assets For Lease Obligations
AcquisitionOfRightOfUseAssetsForLeaseObligations
6252088 usd
arec Acquisition Of Right Of Use Assets For Lease Obligations
AcquisitionOfRightOfUseAssetsForLeaseObligations
0 usd
CY2021Q3 us-gaap Cash
Cash
19121714 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
1086971 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1008583 usd
CY2022Q3 arec Total Cash And Restricted Cash Presented In The Consolidated Statement Of Cash Flows
TotalCashAndRestrictedCashPresentedInTheConsolidatedStatementOfCashFlows
4856436 usd
CY2021Q3 arec Total Cash And Restricted Cash Presented In The Consolidated Statement Of Cash Flows
TotalCashAndRestrictedCashPresentedInTheConsolidatedStatementOfCashFlows
20130297 usd
arec Interim Financial Informationpolicytextblock
InterimFinancialInformationpolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been omitted. In the opinion of management, these interim unaudited Consolidated Financial Statements reflect all normal and recurring adjustments necessary for a fair presentation of the results for the periods presented. Results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or any other period. These financial statements should be read in conjunction with the Company’s 2021 audited financial statements and notes thereto which were filed on Form 10-K on March 30, 2022. </p>
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
116115 usd
CY2022Q3 arec Restricted Cash Balance
RestrictedCashBalance
0 usd
CY2021Q4 arec Restricted Cash Balance
RestrictedCashBalance
47987 usd
CY2022Q3 arec Total Restricted Cash
TotalRestrictedCash
250000 usd
CY2021Q4 arec Total Restricted Cash
TotalRestrictedCash
250000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
105770 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
105770 usd
CY2022Q3 us-gaap Cash
Cash
3769465 usd
arec Discount Rate
DiscountRate
0.10 pure
arec Loss On Settlement During Year
LossOnSettlementDuringYear
0 usd
arec Loss On Settlement During Year
LossOnSettlementDuringYear
0 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
18951587 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
987744 usd
arec Asset Retirement Obligation Reclamation Work
AssetRetirementObligationReclamationWork
0 usd
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
0 usd
CY2022Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
19939332 usd
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
17855304 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
916909 usd
arec Asset Retirement Obligation Reclamation Work
AssetRetirementObligationReclamationWork
0 usd
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
0 usd
CY2021Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
18772213 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
arec Prepaid Fees And Advance Royaltiespolicytextblock
PrepaidFeesAndAdvanceRoyaltiespolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Prepaid Fees and Advance Royalties: </strong></em>Coal leases that require minimum annual or advance payments and are recoverable from future production are generally deferred and charged to expense as the coal is subsequently produced.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Reclassifications: </em></strong>Reclassifications of prior periods have been made to conform with current year presentation.</p>
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13205626 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15953575 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15064592 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22903154 usd
CY2022Q3 us-gaap Depreciation
Depreciation
602503 usd
CY2021Q3 us-gaap Depreciation
Depreciation
495676 usd
us-gaap Depreciation
Depreciation
1858886 usd
us-gaap Depreciation
Depreciation
1364220 usd
arec Schedule Of Estimated Useful Life Property And Equipment
ScheduleOfEstimatedUsefulLifePropertyAndEquipment
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="width:45%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Processing and Rail Facilities </p></td><td style="width:2%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">7-20 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Surface Equipment </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">7 years</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Underground Equipment </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">5 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Rare Earth Processing Equipment</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">5 Years</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Mining Rights</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">5-10 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Coal Refuse Storage</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">10 years</p></td></tr></tbody></table>
CY2022Q3 arec Principal Reductions On Long Term Debt
PrincipalReductionsOnLongTermDebt
325191 usd
CY2021Q3 arec Principal Reductions On Long Term Debt
PrincipalReductionsOnLongTermDebt
42567 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1082 pure
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5726 usd
arec Rental Lease Expiration Date
RentalLeaseExpirationDate
December 2026
arec Amended Lease
AmendedLease
The amended lease has a ten-year term and $5,869 per month rate
CY2021Q3 arec Commercial Land Lease Sublease Area
CommercialLandLeaseSubleaseArea
7 acre
CY2021Q3 arec Sublease Term
SubleaseTerm
5
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
3500 usd
CY2021Q4 us-gaap Area Of Land
AreaOfLand
6700 sqft
CY2021Q4 arec Commercial Land Lease Term
CommercialLandLeaseTerm
2 years
CY2021Q4 arec Commercial Land Lease Rent
CommercialLandLeaseRent
474500 usd
CY2021Q4 arec Commercial Land Lease Term
CommercialLandLeaseTerm
three years
CY2021Q4 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
17660 usd
CY2021Q4 arec Financial Lease Equipment Purchase Option
FinancialLeaseEquipmentPurchaseOption
1 usd
CY2022Q2 arec Financial Equipment Lease Term
FinancialEquipmentLeaseTerm
three years
CY2022Q2 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
31800 usd
CY2022Q2 arec Financial Lease Equipment Purchase Option
FinancialLeaseEquipmentPurchaseOption
1 usd
CY2022Q3 arec Operating Lease Right Of Use Asset1
OperatingLeaseRightOfUseAsset1
5511517 usd
CY2021Q3 arec Operating Lease Right Of Use Asset1
OperatingLeaseRightOfUseAsset1
0 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
88791 usd
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1472880 usd
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
567724 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2991966 usd
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2022Q3 arec Employee Share Based Compensation
EmployeeShareBasedCompensation
170385 usd
CY2021Q3 arec Employee Share Based Compensation
EmployeeShareBasedCompensation
115025 usd
arec Employee Share Based Compensation
EmployeeShareBasedCompensation
560252 usd
arec Employee Share Based Compensation
EmployeeShareBasedCompensation
331665 usd
CY2022Q3 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
602000 usd
CY2021Q3 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
624537 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
2424210 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
10253912 usd
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
38800 usd
CY2021Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
0 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
38800 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8797 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.00870 pure
arec Working Capital Deficits
WorkingCapitalDeficits
800000 usd
CY2022Q2 arec Total Notes Repaid
TotalNotesRepaid
485900 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5726 usd
arec Rental Lease Expired Date
RentalLeaseExpiredDate
December 2026
arec Amended Leases
AmendedLeases
The amended lease has a ten year term and $5,869 per month rate
CY2021Q3 arec Commercial Land Lease Sublease Area
CommercialLandLeaseSubleaseArea
7 acre
CY2021Q3 arec Sublease Term Period
SubleaseTermPeriod
5 years
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
3500 usd
CY2021Q4 us-gaap Area Of Land
AreaOfLand
6700 sqft
CY2021Q4 arec Sublease Term Period
SubleaseTermPeriod
2 years

Files In Submission

Name View Source Status
0001477932-22-008528-index-headers.html Edgar Link pending
0001477932-22-008528-index.html Edgar Link pending
0001477932-22-008528.txt Edgar Link pending
0001477932-22-008528-xbrl.zip Edgar Link pending
arec-20220930.xsd Edgar Link pending
arec_10q.htm Edgar Link pending
arec-20220930_lab.xml Edgar Link unprocessable
arec_ex211.htm Edgar Link pending
arec_ex311.htm Edgar Link pending
arec_ex312.htm Edgar Link pending
arec_ex321.htm Edgar Link pending
arec_ex322.htm Edgar Link pending
arec_ex951.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
arec_10q_htm.xml Edgar Link completed
arec-20220930_cal.xml Edgar Link unprocessable
arec-20220930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
arec-20220930_def.xml Edgar Link unprocessable