$AREC
American Resources Corp Stock $arec

$arec Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000147793223003561 Filed on May 15, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q4
Revenue	$1.981M	$8.868M	$4.685M
YoY Change	-87.77%	-2.34%	3.24%
Cost Of Revenue	$4.295M	$3.687M	$7.266M
YoY Change	130362.94%	27.56%	169.3%
Gross Profit	-$2.314M	$5.181M	-$2.581M
YoY Change	-114.29%	-16.3%	-240.32%
Gross Profit Margin	-116.84%	58.42%	-55.1%
Selling, General & Admin	$1.481M	$1.615M	$1.576M
YoY Change	30.09%	17.71%	-0.17%
% of Gross Profit		31.17%
Research & Development	$2.667M	$5.634M	$6.126M
YoY Change	-76.88%	-16.96%	-24.27%
% of Gross Profit		108.74%
Depreciation & Amortization	$8.482K	$13.34K	$610.6K
YoY Change	-98.65%	-96.61%	-33.95%
% of Gross Profit		0.26%
Operating Expenses	$9.011M	$11.50M	$8.669M
YoY Change	-144.32%	-188.06%	-19.52%
Operating Profit	-$7.031M	-$2.635M	-$11.25M
YoY Change	70.12%	-33.85%	25.95%
Interest Expense	$167.8K	$576.0K	-$426.2K
YoY Change	-38.89%	50.11%	-77.03%
% of Operating Profit
Other Income/Expense, Net	$6.031M	-$465.8K	$117.8K
YoY Change	257.08%	-666.91%	-50.28%
Pretax Income	-$999.9K	-$3.101M	$9.021M
YoY Change	-59.08%	12.64%	-185.5%
Income Tax
% Of Pretax Income
Net Earnings	-$999.9K	-$3.101M	$8.957M
YoY Change	-59.08%	12.64%	-184.9%
Net Earnings / Revenue	-50.48%	-34.97%	191.2%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.01	-$0.04	$0.13
COMMON SHARES
Basic Shares Outstanding	78.21M shares	78.21M shares	68.70M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.875M	$297.3K	$8.869M
YoY Change	-24.51%	-94.3%	-22.83%
Cash & Equivalents	$51.53M	$2.420M	$10.99M
Short-Term Investments
Other Short-Term Assets	$1.807M	$797.1K	$786.6K
YoY Change	121.38%	-49.42%	24.93%
Inventory	$711.2K	$2.960M	$446.7K
Prepaid Expenses	$1.807M	$797.1K	$786.6K
Receivables	$995.2K	$1.695M	$660.8K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$6.388M	$5.749M	$10.76M
YoY Change	-35.99%	-47.19%	-29.62%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.027M	$9.303M	$9.114M
YoY Change	-56.77%	-59.01%	-60.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$19.06M	$19.31M	$20.78M
YoY Change	487.79%	672.34%	731.39%
Other Assets	$93.69M	$43.75M	$2.122M
YoY Change	8519.53%	3926.16%	93.74%
Total Long-Term Assets	$93.69M	$43.75M	$45.15M
YoY Change	238.26%	58.08%	63.72%
TOTAL ASSETS
Total Short-Term Assets	$6.388M	$5.749M	$10.76M
Total Long-Term Assets	$93.69M	$43.75M	$45.15M
Total Assets	$100.1M	$49.50M	$55.92M
YoY Change	165.63%	28.36%	30.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$7.300M	$7.310M	$9.211M
YoY Change	5.46%	16.87%	28.32%
Accrued Expenses	$142.9K	$110.7K	$106.9K
YoY Change	274.1%	-88.95%	-91.93%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$818.7K	$839.7K	$1.918M
YoY Change	8.84%	-77.53%	-63.71%
Total Short-Term Liabilities	$16.20M	$21.84M	$27.44M
YoY Change	64.49%	0.0%	65.98%
LONG-TERM LIABILITIES
Long-Term Debt	$43.48M	$0.00	$0.00
YoY Change	252.08%	-100.0%	-100.0%
Other Long-Term Liabilities	$29.66M	$27.24M	$28.19M
YoY Change	47.03%	37.34%	45.15%
Total Long-Term Liabilities	$73.14M	$27.24M	$28.19M
YoY Change	124.89%	33.74%	-1.7%
TOTAL LIABILITIES
Total Short-Term Liabilities	$16.20M	$21.84M	$27.44M
Total Long-Term Liabilities	$73.14M	$27.24M	$28.19M
Total Liabilities	$89.34M	$42.15M	$55.63M
YoY Change	110.85%	-0.15%	23.04%
SHAREHOLDERS EQUITY
Retained Earnings	-$167.3M	-$170.3M	-$167.2M
YoY Change	-2.13%	1.07%	0.87%
Common Stock	$7.622K	$7.622K	$6.680K
YoY Change	14.43%	15.21%	2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$10.74M	$7.348M	$284.7K
YoY Change
Total Liabilities & Shareholders Equity	$100.1M	$49.50M	$55.92M
YoY Change	165.63%	28.36%	30.42%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q4
OPERATING ACTIVITIES
Net Income	-$999.9K	-$3.101M	$8.957M
YoY Change	-59.08%	12.64%	-184.9%
Depreciation, Depletion And Amortization	$8.482K	$13.34K	$610.6K
YoY Change	-98.65%	-96.61%	-33.95%
Cash From Operating Activities	$1.441M	-$7.343M	$17.96M
YoY Change	-164.98%	28.07%	-254.12%
INVESTING ACTIVITIES
Capital Expenditures	$44.18K	$508.9K
YoY Change		-170.21%
Acquisitions
YoY Change
Other Investing Activities	$250.0K	$9.117M	-$11.12M
YoY Change	-128.99%	-13681.02%	1753.02%
Cash From Investing Activities	$205.8K	$967.3K	-$11.12M
YoY Change	-249.65%	-222.14%	1218.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	47.47M	-$2.195M	-704.0K
YoY Change	4918.65%	-1009.49%	-114.22%
NET CHANGE
Cash From Operating Activities	1.441M	-$7.343M	17.96M
Cash From Investing Activities	205.8K	$967.3K	-11.12M
Cash From Financing Activities	47.47M	-$2.195M	-704.0K
Net Change In Cash	49.11M	-$8.571M	6.134M
YoY Change	-3585.55%	36.38%	-181.33%
FREE CASH FLOW
Cash From Operating Activities	$1.441M	-$7.343M	$17.96M
Capital Expenditures	$44.18K	$508.9K
Free Cash Flow	$1.397M	-$7.852M
YoY Change		56.76%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9113722	usd
CY2022Q4	us-gaap	Notes Receivable Net NotesReceivableNet	99022	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	786576	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	10762587	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9303457	usd
CY2023Q1	us-gaap	Notes Receivable Net NotesReceivableNet	99022	usd
CY2023Q1	us-gaap	Assets Assets	49496597	usd
CY2023Q1	arec	Non Trade Payables NonTradePayables	2685008	usd
CY2023Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	3005044	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	110705	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	3889235	usd
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001590715
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	230000000	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	66777620	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	76197850	shares
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	000-55456
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	American Resources Corporation
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	FL
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-3914127
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	12115 Visionary Way
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Fishers
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	IN
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	46038
CY2023Q1	dei	City Area Code CityAreaCode	317
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	855-9926
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q1	dei	Security12b Title Security12bTitle	Class A Common
CY2023Q1	dei	Trading Symbol TradingSymbol	AREC
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	78213454	shares
CY2022Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	8868566	usd
CY2023Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	1694929	usd
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	660755	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	446690	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	2123216	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	2122263	usd
CY2023Q1	arec	Long Term Right Of Use Assets Net LongTermRightOfUseAssetsNet	12913548	usd
CY2022Q4	arec	Long Term Right Of Use Assets Net LongTermRightOfUseAssetsNet	13033889	usd
CY2023Q1	arec	Investment In Llc Related Party InvestmentInLlcRelatedParty	19308593	usd
CY2022Q4	arec	Investment In Llc Related Party InvestmentInLlcRelatedParty	20784866	usd
CY2023Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	43747836	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	45153762	usd
CY2022Q4	us-gaap	Assets Assets	55916349	usd
CY2023Q1	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	4305293	usd
CY2022Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	4916243	usd
CY2022Q4	arec	Non Trade Payables NonTradePayables	2524243	usd
CY2022Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	4295232	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	106886	usd
CY2023Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	839730	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1917506	usd
CY2023Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	0	usd
CY2022Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	9787423	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	3962155	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	21843507	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	27436768	usd
CY2023Q1	us-gaap	Accrued Reclamation Costs Current AccruedReclamationCostsCurrent	20543925	usd
CY2022Q4	us-gaap	Accrued Reclamation Costs Current AccruedReclamationCostsCurrent	20295634	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	6696914	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	7899251	usd
CY2023Q1	us-gaap	Other Liabilities OtherLiabilities	27240839	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	28194885	usd
CY2023Q1	us-gaap	Liabilities Liabilities	42148774	usd
CY2022Q4	us-gaap	Liabilities Liabilities	55631653	usd
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	230000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	76197850	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66777620	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	7622	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	6680	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	177680313	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	167517259	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-170340112	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-167239243	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	7347823	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	284696	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	49496597	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	55916349	usd
CY2023Q1	arec	Coal Sales CoalSales	8723185	usd
CY2022Q1	arec	Coal Sales CoalSales	9031259	usd
CY2023Q1	arec	Metal Recovery And Sales MetalRecoveryAndSales	20609	usd
CY2022Q1	arec	Metal Recovery And Sales MetalRecoveryAndSales	37226	usd
CY2023Q1	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	2705820	usd
CY2022Q1	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	2890858	usd
CY2023Q1	us-gaap	Accretion Expense AccretionExpense	248291	usd
CY2022Q1	us-gaap	Accretion Expense AccretionExpense	267622	usd
CY2023Q1	us-gaap	Depreciation Depreciation	13336	usd
CY2022Q1	us-gaap	Depreciation Depreciation	626042	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	293255	usd
CY2022Q1	us-gaap	Professional Fees ProfessionalFees	350938	usd
CY2023Q1	us-gaap	Royalty Expense RoyaltyExpense	981636	usd
CY2022Q1	us-gaap	Royalty Expense RoyaltyExpense	819477	usd
CY2023Q1	us-gaap	Development Costs DevelopmentCosts	5633908	usd
CY2022Q1	us-gaap	Development Costs DevelopmentCosts	6784188	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	11503573	usd
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	13063333	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2635117	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3983711	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	93000	usd
CY2022Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	82156	usd
CY2023Q1	us-gaap	Estimate Of Cancellations EstimateOfCancellations	0	usd
CY2022Q1	us-gaap	Estimate Of Cancellations EstimateOfCancellations	-1521304	usd
CY2023Q1	arec	Amortization Of Debt Discount And Debt Issuance Costs AmortizationOfDebtDiscountAndDebtIssuanceCosts	0	usd
CY2022Q1	arec	Amortization Of Debt Discount And Debt Issuance Costs AmortizationOfDebtDiscountAndDebtIssuanceCosts	0	usd
CY2023Q1	us-gaap	Interest Income Operating InterestIncomeOperating	17212	usd
CY2022Q1	us-gaap	Interest Income Operating InterestIncomeOperating	10045	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	575964	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	383696	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-465752	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1229809	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-3100869	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-2752902	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-7884	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-2745018	usd
CY2023Q1	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.04
CY2022Q1	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.04
CY2023Q1	arec	Weighted Average Number Of Share Outstanding Basic WeightedAverageNumberOfShareOutstandingBasic	72953104	shares
CY2022Q1	arec	Weighted Average Number Of Share Outstanding Basic WeightedAverageNumberOfShareOutstandingBasic	65253533	shares
CY2022Q1	arec	Shares Issued In Connection With Warrant Conversions Amount SharesIssuedInConnectionWithWarrantConversionsAmount	280875	usd
CY2022Q1	arec	Adjustments To Additional Paid In Capital Amortization Of Beneficial Conversion Features AdjustmentsToAdditionalPaidInCapitalAmortizationOfBeneficialConversionFeatures	-40655	usd
CY2022Q1	arec	Shares Issued In Connection With Debt Conversions Amount SharesIssuedInConnectionWithDebtConversionsAmount	1006726	usd
CY2022Q1	arec	Amortization Of Warrant And Option Expense AmortizationOfWarrantAndOptionExpense	199843	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-2752902	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-3651521	usd
CY2023Q1	arec	Shares Issued In Connection With Warrant Conversions Shares SharesIssuedInConnectionWithWarrantConversionsShares	9787423	shares
CY2023Q1	arec	Amortization Of Warrant And Stock Option Expense AmortizationOfWarrantAndStockOptionExpense	376573	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-3100869	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10448692	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-3100869	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-2752902	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2022Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1521304	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	13336	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	626042	usd
CY2023Q1	arec	Amortization Of Intangible Asset AmortizationOfIntangibleAsset	305859	usd
CY2022Q1	arec	Amortization Of Intangible Asset AmortizationOfIntangibleAsset	303394	usd
CY2023Q1	us-gaap	Accretion Expense AccretionExpense	248291	usd
CY2022Q1	us-gaap	Accretion Expense AccretionExpense	267622	usd
CY2023Q1	arec	Accretion Of Right Of Use Assets AccretionOfRightOfUseAssets	107895	usd
CY2022Q1	arec	Accretion Of Right Of Use Assets AccretionOfRightOfUseAssets	2899	usd
CY2023Q1	arec	Warrant Expense WarrantExpense	376573	usd
CY2022Q1	arec	Warrant Expense WarrantExpense	199843	usd
CY2023Q1	arec	Issuance Of Common Share Options For Compensation IssuanceOfCommonShareOptionsForCompensation	0	usd
CY2022Q1	arec	Issuance Of Common Share Options For Compensation IssuanceOfCommonShareOptionsForCompensation	0	usd
CY2023Q1	arec	Amortization Of Beneficial Conversion Feature AmortizationOfBeneficialConversionFeature	0	usd
CY2022Q1	arec	Amortization Of Beneficial Conversion Feature AmortizationOfBeneficialConversionFeature	0	usd
CY2023Q1	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	0	usd
CY2022Q1	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	0	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1034174	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-319312	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	10500	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	951410	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2512821	usd
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1236065	usd
CY2023Q1	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-450185	usd
CY2022Q1	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-393866	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-1290188	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-691607	usd
CY2023Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	3819	usd
CY2022Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	94435	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-7342964	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5733607	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	508930	usd
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	724900	usd
CY2023Q1	arec	Proceeds From Capitalized Interest ProceedsFromCapitalizedInterest	0	usd
CY2022Q1	arec	Proceeds From Capitalized Interest ProceedsFromCapitalizedInterest	267875	usd
CY2023Q1	arec	Cash Invested In Notes Receivable CashInvestedInNotesReceivable	0	usd
CY2022Q1	arec	Cash Invested In Notes Receivable CashInvestedInNotesReceivable	335000	usd
CY2023Q1	arec	Investment In Llcs InvestmentInLlcs	-1476273	usd
CY2022Q1	arec	Investment In Llcs InvestmentInLlcs	0	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	967343	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-792025	usd
CY2023Q1	arec	Principal Payments On Long Term Debt PrincipalPaymentsOnLongTermDebt	-1077778	usd
CY2022Q1	arec	Principal Payments On Long Term Debt PrincipalPaymentsOnLongTermDebt	-39559	usd
CY2023Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1116969	usd
CY2022Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0	usd
CY2023Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	usd
CY2022Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	usd
CY2023Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	usd
CY2022Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	280875	usd
CY2023Q1	arec	Proceeds From Sale Of Common Stock Net ProceedsFromSaleOfCommonStockNet	0	usd
CY2022Q1	arec	Proceeds From Sale Of Common Stock Net ProceedsFromSaleOfCommonStockNet	0	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2194747	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	241316	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8570638	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6284316	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
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2420461	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6303797	usd
CY2022Q1	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	1006726	shares
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature	0	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature	0	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	64094	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	3726	usd
CY2023Q1	arec	Ownership Percent OwnershipPercent	1	pure
CY2023Q1	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 months ended March 31, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or any other period. These financial statements should be read in conjunction with the Company’s 2022 audited financial statements and notes thereto which were filed on form 10-K on March 31, 2023.</p>
CY2023Q1	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	297245	usd
CY2022Q1	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	5217204	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	2123216	usd
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	1086593	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2420461	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6303797	usd
CY2023Q1	arec	Discount Rate DiscountRate	0.10	pure
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	18951587	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1344047	usd
CY2023Q1	arec	Asset Retirement Obligation Reclamation Work AssetRetirementObligationReclamationWork	0	usd
CY2023Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	20295634	usd
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	18951587	usd
CY2022Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	267622	usd
CY2022Q1	arec	Asset Retirement Obligation Reclamation Work AssetRetirementObligationReclamationWork	0	usd
CY2022Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	19219209	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1888070	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1744570	usd
CY2023Q1	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>
CY2023Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Reclassifications: </strong></em>Reclassifications have been made to conform with current year presentation.</p>
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	319195	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	5199478	usd
CY2023Q1	arec	Total Property And Equipment Net TotalPropertyAndEquipmentNet	9303459	usd
CY2022Q4	arec	Total Property And Equipment Net TotalPropertyAndEquipmentNet	9113724	usd
CY2023Q1	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	319195	usd
CY2022Q1	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	393530	usd
CY2023Q1	arec	Principal Reductions On Long Term Debt PrincipalReductionsOnLongTermDebt	1077776	usd
CY2023Q1	arec	Increases To Long Term Debt Totaled IncreasesToLongTermDebtTotaled	0	usd
CY2023Q1	us-gaap	Convertible Debt Fair Value Disclosures ConvertibleDebtFairValueDisclosures	9891241	usd
CY2023Q1	us-gaap	Conversion Of Stock Shares Converted1 ConversionOfStockSharesConverted1	9420230	shares
CY2022Q1	arec	Principal Reductions On Long Term Debt PrincipalReductionsOnLongTermDebt	1564684	usd
CY2022Q1	arec	Increases To Long Term Debt Totaled IncreasesToLongTermDebtTotaled	0	usd
CY2022Q1	arec	Minimum Offering Amount MinimumOfferingAmount	12500000	usd
CY2022Q1	arec	Maximum Offering Amount MaximumOfferingAmount	25000000	usd
CY2022Q1	arec	Minimum Investment MinimumInvestment	500000	usd
CY2022Q1	arec	Notes Monthly Term NotesMonthlyTerm	P24M
CY2022Q1	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.125	pure
CY2022Q1	arec	Warrant Coverage Percentage WarrantCoveragePercentage	0.10	pure
CY2022Q1	us-gaap	Debt Instrument Convertible Conversion Price Increase DebtInstrumentConvertibleConversionPriceIncrease	1.05
CY2022Q1	arec	Warrant Excercise Price WarrantExcercisePrice	1.50
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.1082	pure
CY2023Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	5726	usd
CY2021Q3	arec	Commercial Land Lease Sublease Area CommercialLandLeaseSubleaseArea	7	sqft
CY2022Q3	arec	Sublease Term SubleaseTerm	5
CY2022Q3	us-gaap	Sublease Income SubleaseIncome	3500	usd
CY2022Q4	us-gaap	Area Of Land AreaOfLand	6700	sqft
CY2022Q4	arec	Sublease Term SubleaseTerm	2
CY2022Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4745	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	613094	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	617892	usd
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	704627	usd
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	776424	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	12300454	usd
CY2023Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	10236296	usd
CY2022Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	0	usd
CY2022Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	0	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	376573	usd
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	199843	usd
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.8797	pure
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.0237	pure
CY2023Q1	arec	Rental Lease Expired Date RentalLeaseExpiredDate	December 2026
CY2023Q1	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	sqft
CY2021Q4	us-gaap	Area Of Land AreaOfLand	6700	sqft
CY2023Q1	arec	Sublease Terma SubleaseTerma	P2Y
CY2021Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4745	usd

Files In Submission

Name	View Source	Status
arec-20230331_def.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
0001477932-23-003561-index-headers.html	Edgar Link	pending
0001477932-23-003561-index.html	Edgar Link	pending
0001477932-23-003561.txt	Edgar Link	pending
0001477932-23-003561-xbrl.zip	Edgar Link	pending
arec-20230331.xsd	Edgar Link	pending
arec_10q.htm	Edgar Link	pending
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-20230331_cal.xml	Edgar Link	unprocessable
arec-20230331_lab.xml	Edgar Link	unprocessable
arec-20230331_pre.xml	Edgar Link	unprocessable
arec_10q_htm.xml	Edgar Link	completed
arec_ex322.htm	Edgar Link	pending
arec_ex951.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$AREC
American Resources Corp Stock $arec

2023 Q2 Form 10-Q Financial Statement

#000147793223003561 Filed on May 15, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$AREC American Resources Corp Stock $arec

2023 Q2 Form 10-Q Financial Statement

#000147793223003561 Filed on May 15, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AREC
American Resources Corp Stock $arec