2023 Q1 Form 10-K Financial Statement

#000147793223002105 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $8.868M $4.685M $39.47M
YoY Change -2.34% 3.24% 409.0%
Cost Of Revenue $3.687M $7.266M $21.69M
YoY Change 27.56% 169.3% 205.94%
Gross Profit $5.181M -$2.581M $17.79M
YoY Change -16.3% -240.32% 2569.24%
Gross Profit Margin 58.42% -55.1% 45.06%
Selling, General & Admin $1.615M $1.576M $5.124M
YoY Change 17.71% -0.17% -2.81%
% of Gross Profit 31.17% 28.81%
Research & Development $5.634M $6.126M $28.13M
YoY Change -16.96% -24.27% 55.45%
% of Gross Profit 108.74% 158.18%
Depreciation & Amortization $13.34K $610.6K $2.158M
YoY Change -96.61% -33.95% 8.98%
% of Gross Profit 0.26% 12.13%
Operating Expenses $11.50M $8.669M $63.47M
YoY Change -188.06% -19.52% 75.88%
Operating Profit -$2.635M -$11.25M -$24.00M
YoY Change -33.85% 25.95% -15.3%
Interest Expense $576.0K -$426.2K $1.426M
YoY Change 50.11% -77.03% -65.72%
% of Operating Profit
Other Income/Expense, Net -$465.8K $117.8K $312.2K
YoY Change -666.91% -50.28% -233.99%
Pretax Income -$3.101M $9.021M -$1.446M
YoY Change 12.64% -185.5% -95.55%
Income Tax
% Of Pretax Income
Net Earnings -$3.101M $8.957M -$1.446M
YoY Change 12.64% -184.9% -95.55%
Net Earnings / Revenue -34.97% 191.2% -3.66%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.04 $0.13 -$0.02
COMMON SHARES
Basic Shares Outstanding 78.21M shares 68.70M shares 66.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.3K $8.869M $8.869M
YoY Change -94.3% -22.83% -22.83%
Cash & Equivalents $2.420M $10.99M
Short-Term Investments
Other Short-Term Assets $797.1K $786.6K $786.6K
YoY Change -49.42% 24.93% 24.93%
Inventory $2.960M $446.7K $446.7K
Prepaid Expenses $797.1K $786.6K
Receivables $1.695M $660.8K $660.8K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.749M $10.76M $10.76M
YoY Change -47.19% -29.62% -29.65%
LONG-TERM ASSETS
Property, Plant & Equipment $9.303M $9.114M $22.15M
YoY Change -59.01% -60.21% -6.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.31M $20.78M $20.78M
YoY Change 672.34% 731.39% 731.39%
Other Assets $43.75M $2.122M $2.122M
YoY Change 3926.16% 93.74% 93.74%
Total Long-Term Assets $43.75M $45.15M $45.15M
YoY Change 58.08% 63.72% 63.75%
TOTAL ASSETS
Total Short-Term Assets $5.749M $10.76M $10.76M
Total Long-Term Assets $43.75M $45.15M $45.15M
Total Assets $49.50M $55.92M $55.92M
YoY Change 28.36% 30.42% 30.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.310M $9.211M $9.211M
YoY Change 16.87% 28.32% 28.32%
Accrued Expenses $110.7K $106.9K $3.996M
YoY Change -88.95% -91.93% 170.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $839.7K $1.918M $11.70M
YoY Change -77.53% -63.71% 99.9%
Total Short-Term Liabilities $21.84M $27.44M $27.44M
YoY Change 0.0% 65.98% 65.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $27.24M $28.19M $28.19M
YoY Change 37.34% 45.15% 45.15%
Total Long-Term Liabilities $27.24M $28.19M $28.19M
YoY Change 33.74% -1.7% -1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.84M $27.44M $27.44M
Total Long-Term Liabilities $27.24M $28.19M $28.19M
Total Liabilities $42.15M $55.63M $55.63M
YoY Change -0.15% 23.04% 23.27%
SHAREHOLDERS EQUITY
Retained Earnings -$170.3M -$167.2M
YoY Change 1.07% 0.87%
Common Stock $7.622K $6.680K
YoY Change 15.21% 2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.348M $284.7K $284.7K
YoY Change
Total Liabilities & Shareholders Equity $49.50M $55.92M $55.92M
YoY Change 28.36% 30.42% 30.42%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.101M $8.957M -$1.446M
YoY Change 12.64% -184.9% -95.55%
Depreciation, Depletion And Amortization $13.34K $610.6K $2.158M
YoY Change -96.61% -33.95% 8.98%
Cash From Operating Activities -$7.343M $17.96M $6.075M
YoY Change 28.07% -254.12% -120.88%
INVESTING ACTIVITIES
Capital Expenditures $508.9K
YoY Change -170.21%
Acquisitions
YoY Change
Other Investing Activities $9.117M -$11.12M -$7.641M
YoY Change -13681.02% 1753.02% 168.09%
Cash From Investing Activities $967.3K -$11.12M -$7.641M
YoY Change -222.14% 1218.5% 29.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.215M
YoY Change 293.83%
Cash From Financing Activities -$2.195M -704.0K -$31.61K
YoY Change -1009.49% -114.22% -100.09%
NET CHANGE
Cash From Operating Activities -$7.343M 17.96M $6.075M
Cash From Investing Activities $967.3K -11.12M -$7.641M
Cash From Financing Activities -$2.195M -704.0K -$31.61K
Net Change In Cash -$8.571M 6.134M -$1.597M
YoY Change 36.38% -181.33% -215.17%
FREE CASH FLOW
Cash From Operating Activities -$7.343M $17.96M $6.075M
Capital Expenditures $508.9K
Free Cash Flow -$7.852M
YoY Change 56.76%

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CY2021 arec Amortization Of Debt Discount And Issuance Costs
AmortizationOfDebtDiscountAndIssuanceCosts
-571559 usd
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1742145 usd
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1093603 usd
CY2022 arec Debt Instrument Net Discount
DebtInstrumentNetDiscount
0 usd
CY2021 arec Debt Instrument Net Discount
DebtInstrumentNetDiscount
206724 usd
CY2022 arec Discount Amortization Conver
DiscountAmortizationConver
0 usd
CY2021 arec Discount Amortization Conver
DiscountAmortizationConver
580195 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3046062 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 arec Issuance Of Common Shares For Services
IssuanceOfCommonSharesForServices
38800 usd
CY2021 arec Issuance Of Common Shares For Services
IssuanceOfCommonSharesForServices
10000 usd
CY2022 arec Loan Forgiveness Nmtc
LoanForgivenessNmtc
0 usd
CY2021 arec Loan Forgiveness Nmtc
LoanForgivenessNmtc
-397030 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2514880 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2907746 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-150504 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
161971 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
449605 usd
CY2022 arec Loss On Settlement Of Accounts Payable With Common Shares
LossOnSettlementOfAccountsPayableWithCommonShares
-2428974 usd
CY2021 arec Loss On Settlement Of Accounts Payable With Common Shares
LossOnSettlementOfAccountsPayableWithCommonShares
2943442 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
363684 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
281767 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
293516 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
3253570 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6074995 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-29092193 usd
CY2022 arec Cash Received Paid For Ppe Net
CashReceivedPaidForPpeNet
10393220 usd
CY2021 arec Cash Received Paid For Ppe Net
CashReceivedPaidForPpeNet
-3068943 usd
CY2022 arec Cash Invested In Note Receivable
CashInvestedInNoteReceivable
250978 usd
CY2021 arec Cash Invested In Note Receivable
CashInvestedInNoteReceivable
350000 usd
CY2022 arec Investment In Llcs
InvestmentInLlcs
18284866 usd
CY2021 arec Investment In Llcs
InvestmentInLlcs
2500000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7640668 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5918943 usd
CY2022 arec Principal Payments On Long Term Debt
PrincipalPaymentsOnLongTermDebt
-2214603 usd
CY2021 arec Principal Payments On Long Term Debt
PrincipalPaymentsOnLongTermDebt
-672424 usd
CY2022 arec Sale Of Common Stock For Cash In Connection With Public Offering
SaleOfCommonStockForCashInConnectionWithPublicOffering
0 usd
CY2021 arec Sale Of Common Stock For Cash In Connection With Public Offering
SaleOfCommonStockForCashInConnectionWithPublicOffering
29217964 usd
CY2022 arec Cash Received From Warrant And Option Conversions
CashReceivedFromWarrantAndOptionConversions
0 usd
CY2021 arec Cash Received From Warrant And Option Conversions
CashReceivedFromWarrantAndOptionConversions
2667928 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
600000 usd
CY2022 arec Convertible Note Conversions
ConvertibleNoteConversions
0 usd
CY2021 arec Convertible Note Conversions
ConvertibleNoteConversions
-8556084 usd
CY2022 arec Proceeds From Capitalized Interest
ProceedsFromCapitalizedInterest
0 usd
CY2021 arec Proceeds From Capitalized Interest
ProceedsFromCapitalizedInterest
1677192 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 usd
CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-5648698 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2563000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2022 arec Proceeds From Cash Used To Repurchase Shares
ProceedsFromCashUsedToRepurchaseShares
-93435 usd
CY2021 arec Proceeds From Cash Used To Repurchase Shares
ProceedsFromCashUsedToRepurchaseShares
0 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
286573 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31611 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36398046 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1597284 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1386910 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10990829 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12588113 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
23166 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
708076 usd
CY2017Q1 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
4817792 shares
CY2017Q1 arec Retained Common Stock
RetainedCommonStock
845377 shares
CY2021Q1 us-gaap Investment Tax Credit
InvestmentTaxCredit
2250000 usd
CY2021Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50 pure
CY2021Q1 us-gaap Investment Tax Credit
InvestmentTaxCredit
25000 usd
CY2021Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
1 pure
CY2021Q1 arec Common Stock Shares
CommonStockShares
15750000 shares
CY2022 arec Scheduleofrecognizedidentifiedassetsacquiredandliabilitiesassumedtabletextblock
Scheduleofrecognizedidentifiedassetsacquiredandliabilitiesassumedtabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Assets</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Coal Inventory</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">523,150</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Mine Development</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">415,984</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Coal Refuse</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">142,443</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Land</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">675,092</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Equipment - Underground</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">692,815</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Equipment - Surface</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,763</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Processing and Loading Facility</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,550,663</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Liabilities</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Reclamation liability</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,009,181</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Accrued liabilities</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,994,727</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Estimates:</em> </strong>Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Actual results could vary from those estimates.</p>
CY2022 arec Advance Royaltiespolicy
AdvanceRoyaltiespolicy
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Advance Royalties: </em></strong>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>
CY2022 arec Scheduleofrestrictedcashandcashequivalentstextblock
Scheduleofrestrictedcashandcashequivalentstextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Cash </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8,868,566</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,492,702</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Restricted Cash </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,122,263</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,095,411</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total cash and restricted cash presented in the consolidated statement of cash flows </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">10,990,829</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">12,588,113</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8637 usd
CY2022 arec Mine Developmentpolicy
MineDevelopmentpolicy
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Mine Development: </em></strong>Costs of developing new coal mines, including asset retirement obligation assets, are capitalized and amortized using the units-of-production method over estimated coal deposits or proven reserves. Costs incurred for development and expansion of existing reserves are expensed as incurred. </p>
CY2022 arec Cost Of Goods Sold And Gross Profitpolicy
CostOfGoodsSoldAndGrossProfitpolicy
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Cost of Goods Sold and Gross Profit:</em></strong><em> </em>Cost of Goods Sold for coal mined and processed include direct labor, materials and utilities. Activities related to metal recover are inherent in both direct coal labor and overhead labor and does not require additional variable costs. </p>
CY2022 us-gaap Change In Accounting Estimate Description
ChangeInAccountingEstimateDescription
We are using a discount rates ranging from 6.16% to 7.22%, risk free rates ranging from 1.76% to 2.92% and inflation rate of 2%
CY2022 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 usd
CY2021 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 usd
CY2022 arec Beginning Balance
BeginningBalance
18951587 usd
CY2021 arec Beginning Balance
BeginningBalance
17855304 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
1344047 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
1096283 usd
CY2022 arec Ending Balance
EndingBalance
20295634 usd
CY2021 arec Ending Balance
EndingBalance
18951587 usd
CY2022 arec Pcr Asset Acquisition
PcrAssetAcquisition
0 usd
CY2022 arec Steel And Industrial Industry Percentage
SteelAndIndustrialIndustryPercentage
1 pure
CY2021 arec Steel And Industrial Industry Percentage
SteelAndIndustrialIndustryPercentage
1 pure
CY2022 arec Utility Industry Sales Percentage
UtilityIndustrySalesPercentage
0 pure
CY2021 arec Utility Industry Sales Percentage
UtilityIndustrySalesPercentage
0 pure
CY2022Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
333875 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13033889 usd
CY2022 us-gaap Lease Cost
LeaseCost
11788486 usd
CY2022 arec Beneficial Conversion Features Of Convertible Securities
BeneficialConversionFeaturesOfConvertibleSecurities
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Beneficial Conversion Features of Convertible Securities: </em></strong>Conversion options that are not bifurcated as a derivative pursuant to ASC 815 and not accounted for as a separate equity component under the cash conversion guidance are evaluated to determine whether they are beneficial to the investor at inception (a beneficial conversion feature) or may become beneficial in the future due to potential adjustments. The beneficial conversion feature guidance in ASC 470-20 applies to convertible stock as well as convertible debt which are outside the scope of ASC 815. A beneficial conversion feature is defined as a nondetachable conversion feature that is in the money at the commitment date. In addition, our preferred stock issues contain conversion terms that may change upon the occurrence of a future event, such as antidilution adjustment provisions. The beneficial conversion feature guidance requires recognition of the conversion option’s in-the-money portion, the intrinsic value of the option, in equity, with an offsetting reduction to the carrying amount of the instrument. The resulting discount is amortized as a dividend over either the life of the instrument, if a stated maturity date exists, or to the earliest conversion date, if there is no stated maturity date. If the earliest conversion date is immediately upon issuance, the dividend must be recognized at inception. When there is a subsequent change to the conversion ratio based on a future occurrence, the new conversion price may trigger the recognition of an additional beneficial conversion feature on occurrence.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has a convertible note outstanding. Principal and accrued interest is convertible into common shares at $1.05 per share.  The remaining balance of the convertible note outstanding converted to common shares during January 2023.  </p>
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.05
CY2021 arec Outstanding Stock Warrants
OutstandingStockWarrants
10273764 shares
CY2020 arec Outstanding Stock Warrants
OutstandingStockWarrants
10213764 shares
CY2022 arec Outstanding Stock Options
OutstandingStockOptions
4039269 shares
CY2021 arec Outstanding Stock Options
OutstandingStockOptions
4209269 shares
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
6364269 shares
CY2021 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
4209269 shares
CY2022 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 have been made to conform with current year presentation.</p>
CY2022Q4 arec Less Accumulated Depreciation
LessAccumulatedDepreciation
-5199478 usd
CY2021Q4 arec Less Accumulated Depreciation
LessAccumulatedDepreciation
-15953575 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22903154 usd
CY2022 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
2157763 usd
CY2021 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
1980026 usd
CY2022 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1238449 usd
CY2021 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1246740 usd
CY2022 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5869 usd
CY2022 arec Rental Lease Expired Date
RentalLeaseExpiredDate
December 2032
CY2021Q3 arec Commercial Land Lease Sublease Area
CommercialLandLeaseSubleaseArea
7 acre
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
3500 usd
CY2021Q4 us-gaap Area Of Land
AreaOfLand
6700 acre
CY2021Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4745 usd
CY2021Q4 arec Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
0 usd
CY2022Q4 arec Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
0 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13033889 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
11788486 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
742702 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
736678 usd
CY2022Q4 arec Operating Lease Right Of Use Asset Current Liability
OperatingLeaseRightOfUseAssetCurrentLiability
3889235 usd
CY2021Q4 arec Operating Lease Right Of Use Asset Current Liability
OperatingLeaseRightOfUseAssetCurrentLiability
151806 usd
CY2022Q4 arec Operating Lease Right Of Use Asset Long Term Asset
OperatingLeaseRightOfUseAssetLongTermAsset
13033889 usd
CY2022Q4 arec Operating Lease Right Of Use Asset Long Term Liabilities
OperatingLeaseRightOfUseAssetLongTermLiabilities
7899251 usd
CY2021Q4 arec Operating Lease Right Of Use Asset Long Term Asset
OperatingLeaseRightOfUseAssetLongTermAsset
743702 usd
CY2021Q4 arec Operating Lease Right Of Use Asset Long Term Liabilities
OperatingLeaseRightOfUseAssetLongTermLiabilities
562428 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2214601 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
562318 usd
CY2021 arec New Debt Issuances
NewDebtIssuances
2563000 usd
CY2020 arec New Debt Issuances
NewDebtIssuances
562318 usd
CY2022Q4 us-gaap Loans Payable Current
LoansPayableCurrent
1917507 usd
CY2021Q4 us-gaap Loans Payable Current
LoansPayableCurrent
5832124 usd
CY2021Q4 arec Less Current Maturities
LessCurrentMaturities
5283647 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
0 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
548477 usd
CY2022Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
9797423 usd
CY2021Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
9232685 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
40655 usd
CY2022Q4 arec Total Convertible Note Payables Net Of Discount
TotalConvertibleNotePayablesNetOfDiscount
9797423 usd
CY2021Q4 arec Total Convertible Note Payables Net Of Discount
TotalConvertibleNotePayablesNetOfDiscount
9192030 usd
CY2022Q4 arec Notes Payable To Affiliate Due On Demand With No Interest And Is Uncollateralized Equipment Purchasing Was Paid By An Affiliate Resulting In The Note Payable
NotesPayableToAffiliateDueOnDemandWithNoInterestAndIsUncollateralizedEquipmentPurchasingWasPaidByAnAffiliateResultingInTheNotePayable
0 usd
CY2021Q4 arec Notes Payable To Affiliate Due On Demand With No Interest And Is Uncollateralized Equipment Purchasing Was Paid By An Affiliate Resulting In The Note Payable
NotesPayableToAffiliateDueOnDemandWithNoInterestAndIsUncollateralizedEquipmentPurchasingWasPaidByAnAffiliateResultingInTheNotePayable
74000 usd
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
0 usd
CY2021Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
74000 usd
CY2022 us-gaap Interest Expense
InterestExpense
1426153 usd
CY2021 us-gaap Interest Expense
InterestExpense
4159813 usd
CY2017Q2 arec Purchase Secured Debt
PurchaseSecuredDebt
250000 usd
CY2022Q4 us-gaap Investments
Investments
2000000 usd
CY2022 arec Token Value
TokenValue
250 usd
CY2020Q2 arec Purchase Secured Debt
PurchaseSecuredDebt
1494570 usd
CY2021Q1 us-gaap Investments
Investments
250000 usd
CY2022 arec Note Kentucky New Markets Development Program
NoteKentuckyNewMarketsDevelopmentProgram
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 6 – KENTUCKY NEW MARKETS DEVELOPMENT PROGRAM</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 18, 2016, Quest Processing entered into two loans under the Kentucky New Markets Development Program for a total of $5,143,186. Quest Processing paid $460,795 of debt issuance costs resulting in net proceeds of $4,682,391. See note 3. The Company retains the right to call $5,143,186 of the loans in March 2023. State of Kentucky income tax credits were generated for the lender which the Company has guaranteed over their statutory life of seven years in the event the credits are recaptured or reduced. At the time of the transaction, the income tax credits were valued at $2,005,843. The Company has not established a liability in connection with the guarantee because it believes the likelihood of recapture or reduction is remote.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 18, 2016, ERC Mining LLC, an entity consolidated as a VIE, lent $4,117,139 to an unaffiliated entity, as part of the Kentucky New Markets Development Program loans. The note bears interest at 4% and is due March 7, 2046. The balance as of December 31, 2021 and 2020 was $0 and $4,117,139, respectively. Payments of interest only are due quarterly until March 18, 2023 at which time quarterly principal and interest are due. The note is collateralized by the equity interests of the borrower. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s management also manages the operations of ERC Mining LLC. ERC Mining LLC has assets totaling $4,117,139 and liabilities totaling $4,415,860 as of December 31, 2021 and 2020, respectively, for which there are to be used in conjunction with the transaction described above. Assets totaling $3,325,401 and $3,490,087 and liabilities totaling $4,117,139 and $4,117,139, respectively, are eliminated upon consolidation as of December 31, 2021 and 2020. The Company’s risk associated with ERC Mining LLC is greater than its ownership percentage and its involvement does not affect the Company’s business beyond the relationship described above. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On November 9. 2021, Quest Processing fulfilled all obligations of the loans under the Kentucky New Markets Development Program. As such, all amounts due under the notes were forgiven and ongoing requirements were ended. </p>
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
344509 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6366032 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
23831009 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
24175518 usd
CY2022 us-gaap Tax Credit Carryforward Description
TaxCreditCarryforwardDescription
The net operating loss carryforwards for years 2015, 2016, 2017, 2018, 2019, 2020, and 2021 begin to expire in 2035
CY2022 arec Reduced In Corporate Income Tax Rate
ReducedInCorporateIncomeTaxRate
34% to 21%
CY2022 arec Corporate Tax Treatment
CorporateTaxTreatment
On March 25, 2020, the CARES Act was established with implications of corporate tax treatment. The CARES Act provides that NOLs arising in a tax year beginning after December 31, 2018 and before January 1, 2021 can be carried back to each of the five tax years preceding the tax year of such loss. The CARES Act temporarily and retroactively increases the limitation on the deductibility of interest expense under Code Sec. 163(j)(1) from 30% to 50% for the tax years beginning in 2019 and 2020
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
162000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
20000 shares
CY2022 arec Repurchase Of Shares Outstanding Shares
RepurchaseOfSharesOutstandingShares
86410 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8797 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8797 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0237 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0098 pure
CY2022 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
SubleaseTerm
5
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
3500 usd
CY2021Q4 us-gaap Area Of Land
AreaOfLand
6700 acre
CY2021Q4 arec Sublease Term
SubleaseTerm
2
CY2021Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4745 usd

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