2023 Q4 Form 10-Q Financial Statement

#000147793223008446 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $66.40K $5.829M $9.510M
YoY Change -98.58% -38.71% 237.95%
Cost Of Revenue $5.327M $1.178M $8.141M
YoY Change -26.68% -85.54% 165.29%
Gross Profit -$5.261M $4.651M $1.368M
YoY Change 103.83% 239.89% -636.78%
Gross Profit Margin -7923.31% 79.8% 14.39%
Selling, General & Admin $3.600M $1.659M $1.037M
YoY Change 128.39% 59.91% -6.88%
% of Gross Profit 35.66% 75.8%
Research & Development $1.887M $1.331M $3.693M
YoY Change -69.19% -63.95% -28.19%
% of Gross Profit 28.62% 269.87%
Depreciation & Amortization $327.6K $9.218K $602.5K
YoY Change -46.34% -98.47% 21.55%
% of Gross Profit 0.2% 44.03%
Operating Expenses $6.063M $4.737M $14.14M
YoY Change -30.06% -66.51% 32.7%
Operating Profit -$11.32M $1.092M -$4.632M
YoY Change 0.66% -123.57% -40.94%
Interest Expense $565.9K $299.8K -$311.5K
YoY Change -232.78% -196.24% -128.45%
% of Operating Profit 27.45%
Other Income/Expense, Net -$79.72K $2.392M -$637.6K
YoY Change -167.67% -475.08% -40.44%
Pretax Income -$10.84M $3.484M -$5.270M
YoY Change -220.14% -166.11% -40.88%
Income Tax
% Of Pretax Income
Net Earnings -$10.84M $3.484M -$5.227M
YoY Change -220.99% -166.65% -41.36%
Net Earnings / Revenue -16322.18% 59.77% -54.96%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.14 $0.05 -$78.74K
COMMON SHARES
Basic Shares Outstanding 78.27M shares 78.21M shares 66.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.96M $3.117M $3.769M
YoY Change 271.69% -17.3% -80.29%
Cash & Equivalents $7.034M $44.71M $4.856M
Short-Term Investments $30.30M
Other Short-Term Assets $1.868M $1.918M $1.054M
YoY Change 137.44% 81.88% 285.74%
Inventory $54.00K $2.167M $730.0K
Prepaid Expenses $1.918M $1.054M
Receivables $0.00 $4.391M $5.671M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.89M $12.35M $11.22M
YoY Change 224.14% 10.04% -47.8%
LONG-TERM ASSETS
Property, Plant & Equipment $15.34M $11.69M $15.06M
YoY Change 68.28% -22.41% -34.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $18.78M $19.48M $3.740M
YoY Change -9.65% 420.89% 66.24%
Other Assets $4.368M $91.33M $1.087M
YoY Change 105.81% 8302.05% -96.42%
Total Long-Term Assets $56.86M $90.57M $26.09M
YoY Change 25.93% 247.16% -14.18%
TOTAL ASSETS
Total Short-Term Assets $34.89M $12.35M $11.22M
Total Long-Term Assets $56.86M $90.57M $26.09M
Total Assets $91.75M $102.9M $37.31M
YoY Change 64.08% 175.83% -28.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.081M $4.331M $3.321M
YoY Change -1.42% 30.41% -34.46%
Accrued Expenses $512.6K $142.9K $42.01K
YoY Change 379.54% 240.09% -90.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.611M $804.7K $11.29M
YoY Change 192.64% -92.87% 112.46%
Total Short-Term Liabilities $18.07M $16.21M $20.69M
YoY Change -34.14% -21.67% -25.95%
LONG-TERM LIABILITIES
Long-Term Debt $51.67M $43.20M $5.188M
YoY Change 732.77% 9.31%
Other Long-Term Liabilities $21.78M $28.81M $20.51M
YoY Change -22.74% 40.51% -3.23%
Total Long-Term Liabilities $73.45M $72.02M $25.69M
YoY Change 160.51% 180.28% 21.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.07M $16.21M $20.69M
Total Long-Term Liabilities $73.45M $72.02M $25.69M
Total Liabilities $91.52M $88.22M $46.39M
YoY Change 64.51% 90.19% -5.59%
SHAREHOLDERS EQUITY
Retained Earnings -$178.7M -$163.8M -$176.2M
YoY Change 6.85% -7.01% 13.41%
Common Stock $7.627K $7.627K $6.685K
YoY Change 14.18% 14.09% 9.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $223.8K $14.70M -$9.009M
YoY Change
Total Liabilities & Shareholders Equity $91.75M $102.9M $37.31M
YoY Change 64.08% 175.83% -28.11%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$10.84M $3.484M -$5.227M
YoY Change -220.99% -166.65% -41.36%
Depreciation, Depletion And Amortization $327.6K $9.218K $602.5K
YoY Change -46.34% -98.47% 21.55%
Cash From Operating Activities -$5.487M -$3.128M -$3.931M
YoY Change -130.56% -20.41% -43.81%
INVESTING ACTIVITIES
Capital Expenditures $2.985M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$30.13M -$428.7K $4.407M
YoY Change 171.04% -109.73%
Cash From Investing Activities -$26.60M -$3.403M $4.407M
YoY Change 139.25% -177.23% -305.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.597M -285.9K -514.7K
YoY Change 979.06% -44.44% -451.47%
NET CHANGE
Cash From Operating Activities -5.487M -3.128M -3.931M
Cash From Investing Activities -26.60M -3.403M 4.407M
Cash From Financing Activities -7.597M -285.9K -514.7K
Net Change In Cash -39.68M -6.818M -38.34K
YoY Change -746.9% 17682.39% -99.57%
FREE CASH FLOW
Cash From Operating Activities -$5.487M -$3.128M -$3.931M
Capital Expenditures $2.985M
Free Cash Flow -$6.113M
YoY Change

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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q3 arec Issuance Of Common Shares For Payables Conversion Amount
IssuanceOfCommonSharesForPayablesConversionAmount
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CY2022Q3 arec Issuance Of Common Shares For Warrant Conversion Amount
IssuanceOfCommonSharesForWarrantConversionAmount
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CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 arec Issuance Of Common Shares For Warrant Conversion Amount
IssuanceOfCommonSharesForWarrantConversionAmount
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 arec Recapture Expenses For Bond Issuance
RecaptureExpensesForBondIssuance
4011025 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
10735496 usd
CY2023Q3 arec Issuance Of Common Shares For Consulting Services Amount
IssuanceOfCommonSharesForConsultingServicesAmount
100000 usd
CY2023Q3 arec Issuance Of Common Shares For Warrant Conversion Amount
IssuanceOfCommonSharesForWarrantConversionAmount
519 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
376573 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
142842 usd
us-gaap Net Income Loss
NetIncomeLoss
-10466517 usd
arec Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
0 usd
arec Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
-3050771 usd
us-gaap Depreciation
Depreciation
31036 usd
us-gaap Depreciation
Depreciation
1858886 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
929229 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Accretion Expense
AccretionExpense
744873 usd
us-gaap Accretion Expense
AccretionExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
378198 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
1129719 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
560252 usd
arec Warrant Expense
WarrantExpense
519 usd
arec Warrant Expense
WarrantExpense
756611 usd
arec Issuance Of Common Shares For Services
IssuanceOfCommonSharesForServices
99995 usd
arec Issuance Of Common Shares For Services
IssuanceOfCommonSharesForServices
38800 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4490073 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2495408 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1719836 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-730023 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1131066 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-332837 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
269564 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
35995 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-3194 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-1750436 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-12920 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9028400 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-1301273 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
1240438 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
335000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3534698 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5052912 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2233425 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3477474 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1116969 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
286573 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
1112852 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
1604003 usd
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
43202858 usd
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
0 usd
us-gaap Proceeds From Loans
ProceedsFromLoans
4011024 usd
us-gaap Proceeds From Loans
ProceedsFromLoans
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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
44984061 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
672422 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33722236 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7731677 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44713065 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4856436 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
2424210 usd
arec Acquisition Of Right Of Use Assets For Lease Obligations
AcquisitionOfRightOfUseAssetsForLeaseObligations
0 usd
arec Acquisition Of Right Of Use Assets For Lease Obligations
AcquisitionOfRightOfUseAssetsForLeaseObligations
6252088 usd
arec Ownership Percent
OwnershipPercent
1 pure
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3117380 usd
CY2022Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3769465 usd
CY2023Q3 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
41595685 usd
CY2022Q3 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
1086971 usd
CY2023Q3 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
44713065 usd
CY2022Q3 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
4856436 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
744873 usd
arec Asset Retirement Obligation Reclamation Work
AssetRetirementObligationReclamationWork
0 usd
CY2023Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
21040507 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
18951587 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
987744 usd
arec Asset Retirement Obligation Reclamation Work
AssetRetirementObligationReclamationWork
0 usd
CY2022Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
19939332 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
804478 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1744570 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Reclassifications: </em></strong>Reclassifications of prior periods have been made to conform with current year presentation.</p>
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
190024 usd
us-gaap Share Based Compensation
ShareBasedCompensation
753146 usd
us-gaap Share Based Compensation
ShareBasedCompensation
389868 usd
CY2023Q2 arec Issuance Stock Options
IssuanceStockOptions
6500 shares
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
884229 shares
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6159744 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5199478 usd
CY2023Q3 arec Other Property And Equipment Net
OtherPropertyAndEquipmentNet
17848120 usd
CY2022Q4 arec Other Property And Equipment Net
OtherPropertyAndEquipmentNet
9113724 usd
CY2023Q3 us-gaap Depreciation
Depreciation
9218 usd
CY2022Q3 us-gaap Depreciation
Depreciation
602503 usd
us-gaap Depreciation
Depreciation
31036 usd
us-gaap Depreciation
Depreciation
1858886 usd
CY2023Q3 arec Principal Reductions On Long Term Debt
PrincipalReductionsOnLongTermDebt
14029 usd
CY2022Q3 arec Principal Reductions On Long Term Debt
PrincipalReductionsOnLongTermDebt
325191 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
45000000 usd
CY2023Q2 arec Underwriting Discount
UnderwritingDiscount
900000 usd
CY2023Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.09 pure
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1006726 usd
CY2023Q3 arec Project Reserve Fund
ProjectReserveFund
4500000 usd
CY2023Q3 arec Principal Reserve Fund
PrincipalReserveFund
29133246 usd
CY2023Q3 arec Interest Reserve Fund
InterestReserveFund
6075000 usd
CY2023Q3 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 acre
CY2022Q4 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P2Y
CY2022Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4745 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
563914 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
569884 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
682551 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
656515 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
17897385 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
13705567 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4828966 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
4464846 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
376573 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
CY2023Q3 arec Commercial Land Lease Sublease Area
CommercialLandLeaseSubleaseArea
7 acre
CY2022Q4 us-gaap Area Of Land
AreaOfLand
6700 acre
CY2022Q4 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P2Y
CY2022Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4745 usd

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arec-20230930.xsd Edgar Link pending
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