$AREC
American Resources Corp Stock $arec

$arec Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000147793223006093 Filed on August 14, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$5.829M	$1.981M
YoY Change	-38.71%	-87.77%
Cost Of Revenue	$1.178M	$4.295M
YoY Change	-85.54%	130362.94%
Gross Profit	$4.651M	-$2.314M
YoY Change	239.89%	-114.29%
Gross Profit Margin	79.8%	-116.84%
Selling, General & Admin	$1.659M	$1.481M
YoY Change	59.91%	30.09%
% of Gross Profit	35.66%
Research & Development	$1.331M	$2.667M
YoY Change	-63.95%	-76.88%
% of Gross Profit	28.62%
Depreciation & Amortization	$9.218K	$8.482K
YoY Change	-98.47%	-98.65%
% of Gross Profit	0.2%
Operating Expenses	$4.737M	$9.011M
YoY Change	-66.51%	-144.32%
Operating Profit	$1.092M	-$7.031M
YoY Change	-123.57%	70.12%
Interest Expense	$299.8K	$167.8K
YoY Change	-196.24%	-38.89%
% of Operating Profit	27.45%
Other Income/Expense, Net	$2.392M	$6.031M
YoY Change	-475.08%	257.08%
Pretax Income	$3.484M	-$999.9K
YoY Change	-166.11%	-59.08%
Income Tax
% Of Pretax Income
Net Earnings	$3.484M	-$999.9K
YoY Change	-166.65%	-59.08%
Net Earnings / Revenue	59.77%	-50.48%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.05	-$0.01
COMMON SHARES
Basic Shares Outstanding	78.21M shares	78.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.117M	$2.875M
YoY Change	-17.3%	-24.51%
Cash & Equivalents	$44.71M	$51.53M
Short-Term Investments
Other Short-Term Assets	$1.918M	$1.807M
YoY Change	81.88%	121.38%
Inventory	$2.167M	$711.2K
Prepaid Expenses	$1.918M	$1.807M
Receivables	$4.391M	$995.2K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$12.35M	$6.388M
YoY Change	10.04%	-35.99%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.69M	$9.027M
YoY Change	-22.41%	-56.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$19.48M	$19.06M
YoY Change	420.89%	487.79%
Other Assets	$91.33M	$93.69M
YoY Change	8302.05%	8519.53%
Total Long-Term Assets	$90.57M	$93.69M
YoY Change	247.16%	238.26%
TOTAL ASSETS
Total Short-Term Assets	$12.35M	$6.388M
Total Long-Term Assets	$90.57M	$93.69M
Total Assets	$102.9M	$100.1M
YoY Change	175.83%	165.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.331M	$7.300M
YoY Change	30.41%	5.46%
Accrued Expenses	$142.9K	$142.9K
YoY Change	240.09%	274.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$804.7K	$818.7K
YoY Change	-92.87%	8.84%
Total Short-Term Liabilities	$16.21M	$16.20M
YoY Change	-21.67%	64.49%
LONG-TERM LIABILITIES
Long-Term Debt	$43.20M	$43.48M
YoY Change	732.77%	252.08%
Other Long-Term Liabilities	$28.81M	$29.66M
YoY Change	40.51%	47.03%
Total Long-Term Liabilities	$72.02M	$73.14M
YoY Change	180.28%	124.89%
TOTAL LIABILITIES
Total Short-Term Liabilities	$16.21M	$16.20M
Total Long-Term Liabilities	$72.02M	$73.14M
Total Liabilities	$88.22M	$89.34M
YoY Change	90.19%	110.85%
SHAREHOLDERS EQUITY
Retained Earnings	-$163.8M	-$167.3M
YoY Change	-7.01%	-2.13%
Common Stock	$7.627K	$7.622K
YoY Change	14.09%	14.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$14.70M	$10.74M
YoY Change
Total Liabilities & Shareholders Equity	$102.9M	$100.1M
YoY Change	175.83%	165.63%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$3.484M	-$999.9K
YoY Change	-166.65%	-59.08%
Depreciation, Depletion And Amortization	$9.218K	$8.482K
YoY Change	-98.47%	-98.65%
Cash From Operating Activities	-$3.128M	$1.441M
YoY Change	-20.41%	-164.98%
INVESTING ACTIVITIES
Capital Expenditures	$2.985M	$44.18K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$428.7K	$250.0K
YoY Change	-109.73%	-128.99%
Cash From Investing Activities	-$3.403M	$205.8K
YoY Change	-177.23%	-249.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-285.9K	47.47M
YoY Change	-44.44%	4918.65%
NET CHANGE
Cash From Operating Activities	-3.128M	1.441M
Cash From Investing Activities	-3.403M	205.8K
Cash From Financing Activities	-285.9K	47.47M
Net Change In Cash	-6.818M	49.11M
YoY Change	17682.39%	-3585.55%
FREE CASH FLOW
Cash From Operating Activities	-$3.128M	$1.441M
Capital Expenditures	$2.985M	$44.18K
Free Cash Flow	-$6.113M	$1.397M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Assets Current AssetsCurrent	6387571	usd
CY2023Q2	us-gaap	Notes Receivable Net NotesReceivableNet	99022	usd
CY2023Q2	us-gaap	Assets Assets	100079249	usd
CY2023Q2	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	4738430	usd
CY2023Q2	arec	Non Trade Payables NonTradePayables	3023717	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	142882	usd
CY2023Q2	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	0	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	3889235	usd
	arec	Royalty Income RoyaltyIncome	238262	usd
CY2023Q2	us-gaap	Revenues Revenues	1980688	usd
CY2022Q4	arec	Non Trade Payables NonTradePayables	2524243	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0001590715
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q4	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
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	76197850	shares
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-55456
	dei	Entity Registrant Name EntityRegistrantName	American Resources Corporation
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	FL
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-3914127
	dei	Entity Address Address Line1 EntityAddressAddressLine1	12115 Visionary Way
	dei	Entity Address City Or Town EntityAddressCityOrTown	Fishers
	dei	Entity Address State Or Province EntityAddressStateOrProvince	IN
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	46038
	dei	City Area Code CityAreaCode	317
	dei	Local Phone Number LocalPhoneNumber	855-9926
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	78213454	shares
CY2023Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	2874557	usd
CY2023Q2	us-gaap	Other Receivables OtherReceivables	995230	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	660755	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	711226	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1806558	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	48658373	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9027465	usd
CY2023Q2	arec	Long Term Right Of Use Assets Net LongTermRightOfUseAssetsNet	16848225	usd
CY2023Q2	arec	Investment In Llc Related Party InvestmentInLlcRelatedParty	19058593	usd
CY2022Q4	arec	Investment In Llc Related Party InvestmentInLlcRelatedParty	20784866	usd
CY2023Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	93691678	usd
CY2022Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	4916243	usd
CY2023Q2	arec	Accounts Payable Related Party AccountsPayableRelatedParty	2562016	usd
CY2022Q4	arec	Accounts Payable Related Party AccountsPayableRelatedParty	4295232	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	106886	usd
CY2023Q2	us-gaap	Debt Current DebtCurrent	818686	usd
CY2022Q4	us-gaap	Debt Current DebtCurrent	1917506	usd
CY2022Q4	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	9787423	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4919257	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	16204988	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	27436768	usd
CY2023Q2	us-gaap	Accrued Reclamation Costs Current AccruedReclamationCostsCurrent	20792216	usd
CY2022Q4	us-gaap	Accrued Reclamation Costs Current AccruedReclamationCostsCurrent	20295634	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	8870661	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	7899251	usd
CY2023Q2	us-gaap	Notes Payable Current NotesPayableCurrent	43475888	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	0	usd
CY2023Q2	us-gaap	Other Liabilities OtherLiabilities	73138765	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	28682904	usd
CY2023Q2	us-gaap	Liabilities Liabilities	89343753	usd
CY2022Q4	us-gaap	Liabilities Liabilities	55631653	usd
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	230000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	76197850	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66777620	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	7622	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	6680	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	178056886	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	167517259	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-167329012	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-167239243	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	10735496	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	284696	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	100079249	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	55916349	usd
CY2023Q2	arec	Coal Sales CoalSales	1675816	usd
CY2022Q2	arec	Coal Sales CoalSales	15969787	usd
	arec	Coal Sales CoalSales	10399001	usd
	arec	Coal Sales CoalSales	25001047	usd
CY2023Q2	arec	Metal Aggregating Processing And Sales MetalAggregatingProcessingAndSales	33816	usd
CY2022Q2	arec	Metal Aggregating Processing And Sales MetalAggregatingProcessingAndSales	3292	usd
	arec	Metal Aggregating Processing And Sales MetalAggregatingProcessingAndSales	54425	usd
	arec	Metal Aggregating Processing And Sales MetalAggregatingProcessingAndSales	40519	usd
CY2023Q2	arec	Royalty Income RoyaltyIncome	271056	usd
CY2022Q2	arec	Royalty Income RoyaltyIncome	226125	usd
	arec	Royalty Income RoyaltyIncome	395718	usd
CY2022Q2	us-gaap	Revenues Revenues	16199204	usd
	us-gaap	Revenues Revenues	10849144	usd
	us-gaap	Revenues Revenues	25279828	usd
CY2023Q2	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	3798012	usd
CY2022Q2	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	5569133	usd
	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	6503830	usd
	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	8459992	usd
CY2023Q2	arec	Accretion Expenses AccretionExpenses	248291	usd
CY2022Q2	arec	Accretion Expenses AccretionExpenses	363820	usd
	arec	Accretion Expenses AccretionExpenses	496582	usd
	arec	Accretion Expenses AccretionExpenses	631442	usd
CY2023Q2	us-gaap	Depreciation Depreciation	8482	usd
CY2022Q2	us-gaap	Depreciation Depreciation	630341	usd
	us-gaap	Depreciation Depreciation	21818	usd
	us-gaap	Depreciation Depreciation	1256383	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	311685	usd
CY2022Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	311685	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	617544	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	615079	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1134616	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	903046	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2456084	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1923861	usd
CY2023Q2	us-gaap	Professional Fees ProfessionalFees	346477	usd
CY2022Q2	us-gaap	Professional Fees ProfessionalFees	235487	usd
	us-gaap	Professional Fees ProfessionalFees	639732	usd
	us-gaap	Professional Fees ProfessionalFees	586425	usd
CY2023Q2	us-gaap	Royalty Expense RoyaltyExpense	496824	usd
CY2022Q2	us-gaap	Royalty Expense RoyaltyExpense	786008	usd
	us-gaap	Royalty Expense RoyaltyExpense	1478461	usd
	us-gaap	Royalty Expense RoyaltyExpense	1605485	usd
CY2023Q2	us-gaap	Development Costs DevelopmentCosts	2666846	usd
CY2022Q2	us-gaap	Development Costs DevelopmentCosts	11532406	usd
	us-gaap	Development Costs DevelopmentCosts	8300754	usd
	us-gaap	Development Costs DevelopmentCosts	18316594	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	9011233	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	20331926	usd
	us-gaap	Operating Expenses OperatingExpenses	20514805	usd
	us-gaap	Operating Expenses OperatingExpenses	33395261	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-7030545	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-4132722	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-9665661	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-8115433	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	260000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	76000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	353000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	158156	usd
CY2023Q2	us-gaap	Debt Securities Trading Unrealized Loss DebtSecuritiesTradingUnrealizedLoss	0	usd
CY2022Q2	us-gaap	Debt Securities Trading Unrealized Loss DebtSecuritiesTradingUnrealizedLoss	7602	usd
	us-gaap	Debt Securities Trading Unrealized Loss DebtSecuritiesTradingUnrealizedLoss	0	usd
	us-gaap	Debt Securities Trading Unrealized Loss DebtSecuritiesTradingUnrealizedLoss	7602	usd
CY2023Q2	us-gaap	Estimate Of Cancellations EstimateOfCancellations	0	usd
CY2022Q2	us-gaap	Estimate Of Cancellations EstimateOfCancellations	-1891848	usd
	us-gaap	Estimate Of Cancellations EstimateOfCancellations	0	usd
	us-gaap	Estimate Of Cancellations EstimateOfCancellations	-3413152	usd
CY2023Q2	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	5936892	usd
CY2022Q2	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	0	usd
	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	5936892	usd
	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	0	usd
CY2023Q2	us-gaap	Interest Income Operating InterestIncomeOperating	1553	usd
CY2022Q2	us-gaap	Interest Income Operating InterestIncomeOperating	3282	usd
	us-gaap	Interest Income Operating InterestIncomeOperating	18764	usd
	us-gaap	Interest Income Operating InterestIncomeOperating	13327	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	167825	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	274640	usd
	us-gaap	Interest Expense InterestExpense	743789	usd
	us-gaap	Interest Expense InterestExpense	658336	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	6030620	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1688888	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	5564867	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2918697	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-999925	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-2443834	usd
	us-gaap	Net Income Loss NetIncomeLoss	-4100794	usd
CY2023Q2	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.01
CY2022Q2	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.04
	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.05
	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.08
CY2023Q2	arec	Weighted Average Number Of Share Outstanding Basic WeightedAverageNumberOfShareOutstandingBasic	76197850	shares
CY2022Q2	arec	Weighted Average Number Of Share Outstanding Basic WeightedAverageNumberOfShareOutstandingBasic	66377788	shares
	arec	Weighted Average Number Of Share Outstanding Basic WeightedAverageNumberOfShareOutstandingBasic	74584440	shares
	arec	Weighted Average Number Of Share Outstanding Basic WeightedAverageNumberOfShareOutstandingBasic	65846220	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-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	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	199843	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-2752902	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-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	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	190024	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-2443834	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-4697267	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	284696	usd
CY2023Q1	arec	Issuance Of Common Shares For Warrant Conversion Amount IssuanceOfCommonSharesForWarrantConversionAmount	9787423	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	376573	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-3100869	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	7347823	usd
CY2023Q2	arec	Recapture Expenses For Bond Issuance RecaptureExpensesForBondIssuance	4011025	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	376573	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-999925	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	10735496	usd
	us-gaap	Net Income Loss NetIncomeLoss	-4100794	usd
	us-gaap	Net Income Loss NetIncomeLoss	-5196736	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	3413152	usd
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	21818	usd
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	1256383	usd
	arec	Amortization Of Intangible Asset AmortizationOfIntangibleAsset	617544	usd
	arec	Amortization Of Intangible Asset AmortizationOfIntangibleAsset	615079	usd
	us-gaap	Accretion Expense AccretionExpense	496582	usd
	us-gaap	Accretion Expense AccretionExpense	631442	usd
	arec	Amortization Expense Of Right To Use Assets AmortizationExpenseOfRightToUseAssets	-695933	usd
	arec	Amortization Expense Of Right To Use Assets AmortizationExpenseOfRightToUseAssets	-15021	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	753146	usd
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	389867	usd
	arec	Warrant Expense WarrantExpense	0	usd
	arec	Warrant Expense WarrantExpense	673455	usd
	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	0	usd
	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	0	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	334475	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2179134	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	264536	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	0	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	1019982	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	191448	usd
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-321661	usd
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-229526	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-35996	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-299700	usd
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-1733216	usd
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	7601	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5902189	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-7950890	usd
	arec	Investment In Llcs InvestmentInLlcs	-1726273	usd
	arec	Investment In Llcs InvestmentInLlcs	742398	usd
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	0	usd
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	-335000	usd
	arec	Cash Received Paid For Ppe Net CashReceivedPaidForPpeNet	-553105	usd
	arec	Cash Received Paid For Ppe Net CashReceivedPaidForPpeNet	147824	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1173168	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-929574	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1116969	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	99204	usd
	us-gaap	Repayments Of Debt RepaymentsOfDebt	1098822	usd
	us-gaap	Repayments Of Debt RepaymentsOfDebt	1276691	usd
	us-gaap	Proceeds From Issuance Of First Mortgage Bond ProceedsFromIssuanceOfFirstMortgageBond	43475888	usd
	us-gaap	Proceeds From Issuance Of First Mortgage Bond ProceedsFromIssuanceOfFirstMortgageBond	0	usd
	us-gaap	Proceeds From Loans ProceedsFromLoans	4011025	usd
	us-gaap	Proceeds From Loans ProceedsFromLoans	0	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	0	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	2563000	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	45271122	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1187105	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	40542101	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-7693359	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
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	51532930	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4894754	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Interest Paid Net InterestPaidNet	64094	usd
	us-gaap	Conversion Of Stock Amount Issued1 ConversionOfStockAmountIssued1	0	usd
	us-gaap	Conversion Of Stock Amount Issued1 ConversionOfStockAmountIssued1	1822210	usd
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	3814336	usd
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	1117219	usd
	arec	Ownership Percent OwnershipPercent	1	pure
	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 six months ended June 30, 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>
CY2023Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	2874557	usd
CY2022Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	3807783	usd
CY2023Q2	us-gaap	Restricted Cash Equivalents Noncurrent RestrictedCashEquivalentsNoncurrent	48658373	usd
CY2022Q2	us-gaap	Restricted Cash Equivalents Noncurrent RestrictedCashEquivalentsNoncurrent	1086971	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	51532930	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4894754	usd
	arec	Discount Rate DiscountRate	0.10	pure
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	20295634	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	496583	usd
	arec	Asset Retirement Obligation Reclamation Work AssetRetirementObligationReclamationWork	0	usd
CY2023Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	20792216	usd
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	18951587	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	631442	usd
	arec	Asset Retirement Obligation Reclamation Work AssetRetirementObligationReclamationWork	0	usd
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	19583029	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2023Q2	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
	arec	Prepaid Fees And Advance Royaltiespolicytextblock PrepaidFeesAndAdvanceRoyaltiespolicytextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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;">Reclassifications of prior periods have been made to conform with current year presentation.</p>
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	5838840	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	5199478	usd
CY2023Q2	arec	Total Property And Equipment Net TotalPropertyAndEquipmentNet	9027465	usd
CY2022Q4	arec	Total Property And Equipment Net TotalPropertyAndEquipmentNet	9113724	usd
CY2023Q2	us-gaap	Depreciation Nonproduction DepreciationNonproduction	320167	usd
CY2022Q2	us-gaap	Depreciation Nonproduction DepreciationNonproduction	630341	usd
	us-gaap	Depreciation Nonproduction DepreciationNonproduction	639362	usd
	us-gaap	Depreciation Nonproduction DepreciationNonproduction	1256383	usd
CY2023Q2	arec	Principal Reductions On Long Term Debt PrincipalReductionsOnLongTermDebt	21045	usd
CY2023Q1	arec	Increase To Long Term Debt IncreaseToLongTermDebt	0	usd
CY2023Q2	us-gaap	Convertible Debt Fair Value Disclosures ConvertibleDebtFairValueDisclosures	9891241	usd
	us-gaap	Conversion Of Stock Shares Converted1 ConversionOfStockSharesConverted1	9420230	shares
CY2022Q2	arec	Principal Reductions On Long Term Debt PrincipalReductionsOnLongTermDebt	3389301	usd
CY2022Q2	arec	Increase To Long Term Debt IncreaseToLongTermDebt	2843635	usd
CY2023Q2	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
CY2022Q3	arec	Commercial Land Lease Sublease Area CommercialLandLeaseSubleaseArea	7	acre
CY2022Q4	us-gaap	Area Of Land AreaOfLand	6700	sqft
CY2022Q4	us-gaap	Longterm Purchase Commitment Period LongtermPurchaseCommitmentPeriod	P2Y
CY2022Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4745	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	591967	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	592745	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	682551	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	676347	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	16235498	usd
CY2023Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	13197171	usd
CY2022Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	1117219	usd
CY2022Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	997239	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	376573	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	190024	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	753146	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	389868	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
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	5726	usd
	arec	Rental Lease Expiration Date RentalLeaseExpirationDate	December 2026
CY2023Q2	arec	Commercial Land Lease Sublease Area CommercialLandLeaseSubleaseArea	7	acre
CY2022Q4	us-gaap	Area Of Land AreaOfLand	6700	sqft
CY2022Q4	us-gaap	Longterm Purchase Commitment Period LongtermPurchaseCommitmentPeriod	P2Y
CY2022Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4745	usd

Files In Submission

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arec-20230630.xsd	Edgar Link	pending
arec_10q.htm	Edgar Link	pending
arec_ex211.htm	Edgar Link	pending
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arec_ex312.htm	Edgar Link	pending
arec_ex321.htm	Edgar Link	pending
arec_ex322.htm	Edgar Link	pending
arec_ex951.htm	Edgar Link	pending
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arec-20230630_cal.xml	Edgar Link	unprocessable
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arec_10q_htm.xml	Edgar Link	completed

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$AREC
American Resources Corp Stock $arec

2023 Q3 Form 10-Q Financial Statement

#000147793223006093 Filed on August 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AREC American Resources Corp Stock $arec

2023 Q3 Form 10-Q Financial Statement

#000147793223006093 Filed on August 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AREC
American Resources Corp Stock $arec