$AREC
American Resources Corp Stock $arec

$arec Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000147793224005119 Filed on August 19, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$235.4K	$4.095K
YoY Change	-95.96%	-99.79%
Cost Of Revenue	$2.661M	$677.3K
YoY Change	126.02%	-84.23%
Gross Profit	-$2.426M	-$673.2K
YoY Change	-152.16%	-70.91%
Gross Profit Margin	-1030.37%	-16439.07%
Selling, General & Admin	$4.367M	$3.279M
YoY Change	163.25%	121.37%
% of Gross Profit
Research & Development	$78.81K	$1.198M
YoY Change	-94.08%	-55.07%
% of Gross Profit
Depreciation & Amortization	$584.1K	$519.4K
YoY Change	6236.33%	6024.09%
% of Gross Profit
Operating Expenses	$8.494M	$6.234M
YoY Change	79.32%	-30.83%
Operating Profit	-$8.258M	-$6.229M
YoY Change	-856.26%	-11.39%
Interest Expense	$774.5K	$418.5K
YoY Change	158.36%	149.36%
% of Operating Profit
Other Income/Expense, Net	-$963.9K	-$371.3K
YoY Change	-140.3%	-106.16%
Pretax Income	-$9.222M	-$6.601M
YoY Change	-364.73%	560.12%
Income Tax
% Of Pretax Income
Net Earnings	-$9.222M	-$6.601M
YoY Change	-364.73%	560.12%
Net Earnings / Revenue	-3916.97%	-161190.53%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.12	-$0.09
COMMON SHARES
Basic Shares Outstanding	77.42M shares	79.18M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$991.7K	$554.4K
YoY Change	-68.19%	-80.71%
Cash & Equivalents	$840.3K	$554.4K
Short-Term Investments	$151.3K	$0.00
Other Short-Term Assets	$1.866M	$1.866M
YoY Change	-2.69%	3.29%
Inventory	$2.030M	$2.030M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$5.715M	$4.450M
YoY Change	-53.74%	-30.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$17.49M	$42.36M
YoY Change	49.64%	369.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.219M	$1.884M
YoY Change	-68.08%	-90.11%
Other Assets	$160.8M	$169.0M
YoY Change	76.08%	80.38%
Total Long-Term Assets	$205.9M	$191.1M
YoY Change	127.33%	103.93%
TOTAL ASSETS
Total Short-Term Assets	$5.715M	$4.450M
Total Long-Term Assets	$205.9M	$191.1M
Total Assets	$211.6M	$195.5M
YoY Change	105.6%	95.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$10.75M	$7.307M
YoY Change	148.19%	0.09%
Accrued Expenses	$514.8K	$495.9K
YoY Change	260.33%	247.08%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$804.7K	$804.7K
YoY Change	0.0%	-1.71%
Total Short-Term Liabilities	$24.61M	$19.27M
YoY Change	51.83%	18.9%
LONG-TERM LIABILITIES
Long-Term Debt	$212.8M	$193.3M
YoY Change	392.47%	344.63%
Other Long-Term Liabilities	$28.62M	$28.56M
YoY Change	-0.68%	-3.72%
Total Long-Term Liabilities	$241.4M	$221.9M
YoY Change	235.17%	203.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$24.61M	$19.27M
Total Long-Term Liabilities	$241.4M	$221.9M
Total Liabilities	$266.0M	$241.1M
YoY Change	201.49%	169.9%
SHAREHOLDERS EQUITY
Retained Earnings	-$234.6M	-$226.1M
YoY Change	43.18%	35.12%
Common Stock	$7.742K	$7.742K
YoY Change	1.51%	1.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$51.83M	-$44.08M
YoY Change
Total Liabilities & Shareholders Equity	$212.6M	$195.5M
YoY Change	106.57%	95.36%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	-$9.222M	-$6.601M
YoY Change	-364.73%	560.12%
Depreciation, Depletion And Amortization	$584.1K	$519.4K
YoY Change	6236.33%	6024.09%
Cash From Operating Activities	-$3.099M	-$5.086M
YoY Change	-0.92%	-453.03%
INVESTING ACTIVITIES
Capital Expenditures		$383.9K
YoY Change		768.85%
Acquisitions
YoY Change
Other Investing Activities	$1.358M	-$3.662M
YoY Change	-416.71%	-1564.85%
Cash From Investing Activities	$2.007M	-$4.046M
YoY Change	-158.96%	-2065.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.003M	-479.0K
YoY Change	250.66%	-101.01%
NET CHANGE
Cash From Operating Activities	-3.099M	-5.086M
Cash From Investing Activities	2.007M	-4.046M
Cash From Financing Activities	-1.003M	-479.0K
Net Change In Cash	-2.096M	-9.611M
YoY Change	-69.26%	-119.57%
FREE CASH FLOW
Cash From Operating Activities	-$3.099M	-$5.086M
Capital Expenditures		$383.9K
Free Cash Flow		-$5.470M
YoY Change		-491.68%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Net Income Loss NetIncomeLoss	13545365	usd
CY2024Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	554416	usd
CY2023Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	2906257	usd
CY2024Q2	us-gaap	Restricted Cash Equivalents Noncurrent RestrictedCashEquivalentsNoncurrent	168998842	usd
CY2023Q4	us-gaap	Restricted Cash Equivalents Noncurrent RestrictedCashEquivalentsNoncurrent	33774385	usd
CY2024Q2	us-gaap	Restricted Cash Equivalents RestrictedCashEquivalents	169553258	usd
CY2023Q4	us-gaap	Restricted Cash Equivalents RestrictedCashEquivalents	36680642	usd
	us-gaap	Change In Accounting Estimate Description ChangeInAccountingEstimateDescription	We are using discount rates ranging from 6.16% to 7.22%, risk free rates ranging from 1.76% to 2.92% and inflation rate of 2%
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	20295634	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1489746	usd
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	993165	usd
CY2024Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	21785380	usd
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	21288799	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	253764	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	42356775	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	41714649	usd
CY2024Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	23165784	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	21479525	usd
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	8736	usd
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	27126	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	50122	usd
CY2024Q2	arec	Accretion Of Operating Lease Liability AccretionOfOperatingLeaseLiability	37629	usd
CY2023Q2	arec	Accretion Of Operating Lease Liability AccretionOfOperatingLeaseLiability	65753	usd
CY2024Q1	arec	Operating Leases Percent OperatingLeasesPercent	0.1100	pure
CY2023	arec	Operating Leases Percent OperatingLeasesPercent	0.1100	pure
	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	2024
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 174
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	230000000	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	77400289	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	76247370	shares
CY2024Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	usd
CY2023	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-06-30
	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
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	77422390	shares
CY2024Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	19190991	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	15337004	usd
CY2024Q2	arec	Long Term Right Of Use Assets Net LongTermRightOfUseAssetsNet	616045	usd
CY2023Q4	arec	Long Term Right Of Use Assets Net LongTermRightOfUseAssetsNet	18276913	usd
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	76247370	shares
CY2024Q2	arec	Stockholder Equity Including Portion Attributable To Noncontrolling Interest StockholderEquityIncludingPortionAttributableToNoncontrollingInterest	-45615847	usd
CY2023Q4	arec	Stockholder Equity Including Portion Attributable To Noncontrolling Interest StockholderEquityIncludingPortionAttributableToNoncontrollingInterest	223844	usd
CY2024Q2	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	507596	usd
CY2023Q2	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	3798012	usd
	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	1197775	usd
	arec	Cost Of Coal Sales And Processing CostOfCoalSalesAndProcessing	6503830	usd
	arec	Non Cash Transaction Dividend In Kind Of Novustera Inc Common Stock To Shareholders NonCashTransactionDividendInKindOfNovusteraIncCommonStockToShareholders	1361788	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
CY2024Q2	us-gaap	Equity Method Investment Ownership Percentage EquityMethodInvestmentOwnershipPercentage	1	pure
	arec	Share Purchase Agreement Description SharePurchaseAgreementDescription	where ACC has purchased 51% of the fully diluted shares outstanding of TR Mining in exchange for approximately 6% of the primary shares outstanding of ACC. The assets of TR Mining include a diversified mineral deposit with a focus on iron ore, titanium and vanadium with an initial estimated deposit of 212,925,000 tons of raw feedstock with an estimated 106,462,500 tons of ore body, based on an average of 50% magnetic material
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-20584563	usd
CY2023Q1	arec	Issuance Of Common Shares For Convertible Debt Conversion Amount IssuanceOfCommonSharesForConvertibleDebtConversionAmount	9787423	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	629877	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-2862824	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-13030087	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	740811	usd
CY2023Q2	arec	Recapture Expenses For Bond Issuance RecaptureExpensesForBondIssuance	0	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-7821016	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-20110292	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-32804761	usd
CY2024Q1	arec	Exercise Of Cashless Warrants Amount ExerciseOfCashlessWarrantsAmount	0	usd
CY2024Q1	arec	Exercise Of Stock Options Amount ExerciseOfStockOptionsAmount	156900	usd
CY2024Q1	arec	Issuance Of Common Shares For Consulting Services Amount IssuanceOfCommonSharesForConsultingServicesAmount	43800	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	889173	usd
CY2024Q1	arec	Dividend In Kind Of Novustera Inc Common Stock To Shareholders DividendInKindOfNovusteraIncCommonStockToShareholders	-1361788	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-6305692	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-40021289	usd
CY2024Q2	arec	Exercise Of Warrants Amount ExerciseOfWarrantsAmount	32339	usd
CY2024Q2	arec	Issuance Of Common Shares For Consulting Services Amount IssuanceOfCommonSharesForConsultingServicesAmount	99775	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	874080	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-6600752	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-45615847	usd
	arec	Profit And Loss ProfitAndLoss	13545365	usd
	arec	Profit And Loss ProfitAndLoss	4100794	usd
	us-gaap	Depreciation Nonproduction DepreciationNonproduction	1069559	usd
	us-gaap	Depreciation Nonproduction DepreciationNonproduction	21818	usd
	arec	Amortization Of Mining Rights AmortizationOfMiningRights	623370	usd
	arec	Amortization Of Mining Rights AmortizationOfMiningRights	617544	usd
	arec	Accretion Expenses AccretionExpenses	496581	usd
	arec	Accretion Expenses AccretionExpenses	496580	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	27126	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	695933	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	54315	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
	arec	Investment In Other Entities Related Parties InvestmentInOtherEntitiesRelatedParties	231360	usd
	arec	Investment In Other Entities Related Parties InvestmentInOtherEntitiesRelatedParties	0	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	400000	usd
	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	0	usd
	arec	Noncash Stock Based Compensation Expense NoncashStockBasedCompensationExpense	1763253	usd
	arec	Noncash Stock Based Compensation Expense NoncashStockBasedCompensationExpense	753146	usd
	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	143575	usd
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	0	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	0	usd
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	0	usd
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-334475	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1975812	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-264536	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1651	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1019982	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1852196	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-321661	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	27781	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-35996	usd
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	142471	usd
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-1733216	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-25217	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-13217548	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6617505	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	648796	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-1726273	usd
	arec	Proceeds Received From Other Financing Obligation ProceedsReceivedFromOtherFinancingObligation	0	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	400000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	-553105	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-248796	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1173168	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	32339	usd
	arec	Cashless Warrants Exercises CashlessWarrantsExercises	0	usd
	us-gaap	Conversion Of Stock Amount Issued1 ConversionOfStockAmountIssued1	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1098821	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	156900	usd
	arec	Non Cash Transaction Dividend In Kind Of Novustera Inc Common Stock To Shareholders NonCashTransactionDividendInKindOfNovusteraIncCommonStockToShareholders	0	usd
	us-gaap	Proceeds From Issuance Of Secured Tax Exempt Debt ProceedsFromIssuanceOfSecuredTaxExemptDebt	149719203	usd
	us-gaap	Proceeds From Issuance Of Secured Tax Exempt Debt ProceedsFromIssuanceOfSecuredTaxExemptDebt	43475887	usd
	arec	Proceeds Received From Other Financing Obligation ProceedsReceivedFromOtherFinancingObligation	4011025	usd
	arec	Repayments Of Other Financing Obligation RepaymentsOfOtherFinancingObligation	3569482	usd
	arec	Repayments Of Other Financing Obligation RepaymentsOfOtherFinancingObligation	1116969	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	146338960	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	45271122	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	132872616	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	40542101	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	36680642	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10990829	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	169553258	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	51532930	usd
	arec	Cashless Warrants Exercises CashlessWarrantsExercises	87	usd
	us-gaap	Conversion Of Stock Amount Issued1 ConversionOfStockAmountIssued1	3814336	usd
	arec	Non Cash Transaction Dividend In Kind Of Novustera Inc Common Stock To Shareholders NonCashTransactionDividendInKindOfNovusteraIncCommonStockToShareholders	1361788	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	usd
	arec	Investment In Other Entities Related Parties InvestmentInOtherEntitiesRelatedParties	0	usd
CY2024Q2	us-gaap	Equity Method Investment Ownership Percentage EquityMethodInvestmentOwnershipPercentage	1	pure
	arec	Share Purchase Agreement Description SharePurchaseAgreementDescription	where ACC has purchased 51% of the fully diluted shares outstanding of TR Mining in exchange for approximately 6% of the primary shares outstanding of ACC. The assets of TR Mining include a diversified mineral deposit with a focus on iron ore, titanium and vanadium with an initial estimated deposit of 212,925,000 tons of raw feedstock with an estimated 106,462,500 tons of ore body, based on an average of 50% magnetic material
	us-gaap	Net Income Loss NetIncomeLoss	10683840	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-226097239	usd
	us-gaap	Net Income Loss NetIncomeLoss	10683840	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-226097239	usd
CY2023Q2	arec	Accretion Expenses On Aro AccretionExpensesOnAro	248292	usd
	arec	Accretion Expenses On Aro AccretionExpensesOnAro	496584	usd
CY2024Q2	arec	Accretion Expenses On Aro AccretionExpensesOnAro	248291	usd
	arec	Accretion Expenses On Aro AccretionExpensesOnAro	496582	usd
CY2023Q2	arec	Accretion Expenses On Aro AccretionExpensesOnAro	248292	usd
	arec	Accretion Expenses On Aro AccretionExpensesOnAro	496584	usd
CY2024Q2	arec	Accretion Expenses On Aro AccretionExpensesOnAro	248291	usd
	arec	Accretion Expenses On Aro AccretionExpensesOnAro	496582	usd
CY2024Q2	arec	Allowance For Doubtful Accounts Note Receivable Current AllowanceForDoubtfulAccountsNoteReceivableCurrent	0	usd
CY2023Q4	arec	Allowance For Doubtful Accounts Note Receivable Current AllowanceForDoubtfulAccountsNoteReceivableCurrent	368500	usd
	arec	Available For Sale On Cost Basis Securities Unrealized AvailableForSaleOnCostBasisSecuritiesUnrealized	251008	usd
	us-gaap	Available For Sale Debt Securities Gross Unrealized Gain AvailableForSaleDebtSecuritiesGrossUnrealizedGain	0	usd
	us-gaap	Available For Sale Debt Securities Gross Unrealized Loss AvailableForSaleDebtSecuritiesGrossUnrealizedLoss	166	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Writeoff DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff	0	usd
CY2024Q2	arec	Available For Sale Fair Values AvailableForSaleFairValues	250842	usd
CY2023	arec	Available For Sale On Cost Basis Securities Unrealized AvailableForSaleOnCostBasisSecuritiesUnrealized	1342417	usd
CY2023	us-gaap	Available For Sale Debt Securities Gross Unrealized Gain AvailableForSaleDebtSecuritiesGrossUnrealizedGain	5491	usd
CY2023	us-gaap	Available For Sale Debt Securities Gross Unrealized Loss AvailableForSaleDebtSecuritiesGrossUnrealizedLoss	0	usd
CY2023	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Writeoff DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff	0	usd
CY2023Q4	arec	Available For Sale Fair Values AvailableForSaleFairValues	1347908	usd
CY2024Q1	arec	Investments Description InvestmentsDescription	maturity dates ranging from the second quarter of 2024 through the second quarter of 2025.
CY2024Q2	arec	Allowance For Doubtful Accounts Note Receivable Current AllowanceForDoubtfulAccountsNoteReceivableCurrent	0	usd
CY2023Q4	arec	Allowance For Doubtful Accounts Note Receivable Current AllowanceForDoubtfulAccountsNoteReceivableCurrent	368500	usd
	arec	Available For Sale On Cost Basis Securities Unrealized AvailableForSaleOnCostBasisSecuritiesUnrealized	251008	usd
	us-gaap	Available For Sale Debt Securities Gross Unrealized Gain AvailableForSaleDebtSecuritiesGrossUnrealizedGain	0	usd
	us-gaap	Available For Sale Debt Securities Gross Unrealized Loss AvailableForSaleDebtSecuritiesGrossUnrealizedLoss	166	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Writeoff DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff	0	usd
CY2024Q2	arec	Available For Sale Fair Values AvailableForSaleFairValues	250842	usd
CY2023	arec	Available For Sale On Cost Basis Securities Unrealized AvailableForSaleOnCostBasisSecuritiesUnrealized	1342417	usd
CY2023	us-gaap	Available For Sale Debt Securities Gross Unrealized Gain AvailableForSaleDebtSecuritiesGrossUnrealizedGain	5491	usd
CY2023	us-gaap	Available For Sale Debt Securities Gross Unrealized Loss AvailableForSaleDebtSecuritiesGrossUnrealizedLoss	0	usd
CY2023	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Writeoff DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff	0	usd
CY2023Q4	arec	Available For Sale Fair Values AvailableForSaleFairValues	1347908	usd
CY2024Q1	arec	Investments Description InvestmentsDescription	maturity dates ranging from the second quarter of 2024 through the second quarter of 2025.
CY2024Q2	us-gaap	Financial Instruments Owned At Fair Value FinancialInstrumentsOwnedAtFairValue	250842	usd
CY2023Q4	us-gaap	Financial Instruments Owned At Fair Value FinancialInstrumentsOwnedAtFairValue	1347908	usd
	arec	Rental Lease Expiration Date RentalLeaseExpirationDate	December 2031
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	64755	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	92501	usd
CY2024Q2	us-gaap	Financial Instruments Owned At Fair Value FinancialInstrumentsOwnedAtFairValue	250842	usd
CY2023Q4	us-gaap	Financial Instruments Owned At Fair Value FinancialInstrumentsOwnedAtFairValue	1347908	usd
	arec	Rental Lease Expiration Date RentalLeaseExpirationDate	December 2031
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	92501	usd
CY2024Q1	arec	Operating Leases In Years OperatingLeasesInYears	P8Y
CY2023	arec	Operating Leases In Years OperatingLeasesInYears	P7Y9M
CY2020Q2	arec	Purchase Secured Debt PurchaseSecuredDebt	1494570	usd
CY2024Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	804656	usd
CY2020Q2	arec	Purchase Secured Debt PurchaseSecuredDebt	1494570	usd
	arec	Investments In Other Entities Related Parties Textblock InvestmentsInOtherEntitiesRelatedPartiesTextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 7 - INVESTMENTS IN OTHER ENTITIES - RELATED PARTIES</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;">The Company accounts for its investments and membership interest in other entities under the equity method of accounting if the Company has the ability to exercise significant influence, but not control, over the entity. Equity method investments are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investments may not be recoverable.</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;">Royalty Management Co.</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;">During January 2021, the company invested $2,250,000 for 50% ownership and became the managing member of American Opportunity Venture, LLC. (AOV) It has been determined that AOV is a variable interest entity and that the Company is the primary beneficiary, therefore AOV has been consolidated into the Company’s financial statement. As such, AOV’s sole investment in Royalty Management Co (RMCO) will be accounted for using the equity method of accounting. The sole investment was initially in American Acquisition Opportunity Inc (AMAO) a SPAC that closed its reverse merger with RMCO effective October 31, 2023. The Company recognizes the earnings or losses on a three-month lag to ensure consistency and timely filling of the Company’s financial statements. As of June 30, 2024 December 31, 2023, the Company held 3,076,500 shares of Class A common stock in RMCO.</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;">Novusterra, Inc.</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 31, 2021, the Company entered into a Graphene Development Agreement with Novusterra, Inc (Novusterra), a related party, that provided a nonexclusive sublicense for fifty percent (50%) of the operating profits from Novustera’s Graphene manufacturing and marketing business activity. As part of the agreement, Novusterra’s Chairman of the Board of Directors at the time was replaced by the Company’s Mark Jensen, Chief Executive Officer and Chairman of the Board of Directors. </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 August 30, 2022, we entered into a purchase agreement to sell the exclusive rights of the patent patents included in the Graphene Development Agreement for 4,000,000 common shares of Novusterra with a fair market value of $1,784,000 in stock of Novusterra. As part of the sale of the exclusive rights to the patents, Andrew Weeraratne resigned as director and CEO of Novusterra and Gregory Jensen, the Company’s general counsel, joined Novusterra as CEO and Director and Mark Jensen resigned as Chairman of the Board of Directors. Pursuant to the purchase agreement, Novusterra is no longer obligated to pay the Company fifty percent (50%) of the operating profits from their Graphene manufacturing and marketing business. However, Novusterra is still obligated to pay the Company ten percent (10%) of all revenue from the exclusive sublicense with Kenai Defense Company, LLC and for the Department of Defense under the contract that was transferred from the Company to Novusterra. Any subsequent contracts entered into by Novusterra with Kenai Defense Company, LLC and for the Department of Defense will have no future revenue allocations to the Company.</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;">It has been determined that Novusterra is a variable interest entity and that the Company is not the primary beneficiary. As such, the investment in Novusterra has been accounted for using the equity method of accounting. </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;">Effective March 6, 2024, the Company issued a special dividend to all stockholders on record of 91% of the Company’s ownership in Novusterra, Inc. resulting in the Company to receive 9% of future cash flows and holding 360,000 common shares of Novusterra, Inc. Due to the Company new ownership in Novusterra, Inc. the investment is accounted for using the cost method of accounting.</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;">FUB Mineral LLC</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 October 1, 2021, the Company contributed $250,000 for a 23% ownership in FUB Mineral LLC (FUB). Simultaneously the Company issued a promissory note FUB for $350,000, this note was fully repaid as of April 15, 2022. On February 2, 2022, the Company issued a new promissory note for $535,000 to FUB with an interest rate of 10% and maturity date of February 1, 2023, which has been extended by the Company through the end of August 2024. As of June 30, 2024 and December 31, 2023, the Company had a note receivable balance of $379,022 and $379,022, respectively.</p>
CY2024Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	804656	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	804656	usd
	arec	Scheduleoftax Exempt Bonds Bear Interestttabletextblock ScheduleoftaxExemptBondsBearInterestttabletextblock	<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>June 30</strong><strong>, </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></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"><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>2024</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>2023</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"><td><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" 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><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">Tax Exempt Bonds ($45 million face value)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">45,000,000</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;">45,000,000</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">Tax Exempt Bonds ($150 million face value)</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;">150,000,000</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%;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;">-</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">Debt issuance costs and debt discount</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;">(1,691,323 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</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;">(1,464,841 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Bonds payable</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;">193,308,677</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%;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;">43,535,159</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">Less: current portion</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;">-</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;">-</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">Bonds payable, net</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;">193,308,677</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;">43,535,159</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>
CY2024Q2	arec	Debt Issuance Costs And Debt Discount DebtIssuanceCostsAndDebtDiscount	-1691323	usd
CY2023Q4	arec	Debt Issuance Costs And Debt Discount DebtIssuanceCostsAndDebtDiscount	-1464841	usd
CY2024Q2	arec	Notes Payable Gross NotesPayableGross	193308677	usd
CY2023Q4	arec	Notes Payable Gross NotesPayableGross	43535159	usd
CY2024Q2	us-gaap	Notes Payable Current NotesPayableCurrent	0	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	0	usd
CY2024Q2	arec	Notes Payable Net NotesPayableNet	193308677	usd
CY2023Q4	arec	Notes Payable Net NotesPayableNet	43535159	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	804656	usd
	arec	Scheduleoftax Exempt Bonds Bear Interestttabletextblock ScheduleoftaxExemptBondsBearInterestttabletextblock	<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>June 30</strong><strong>, </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></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"><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>2024</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>2023</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"><td><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" 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><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">Tax Exempt Bonds ($45 million face value)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">45,000,000</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;">45,000,000</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">Tax Exempt Bonds ($150 million face value)</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;">150,000,000</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%;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;">-</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">Debt issuance costs and debt discount</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;">(1,691,323 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</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;">(1,464,841 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</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">Bonds payable</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;">193,308,677</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%;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;">43,535,159</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">Less: current portion</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;">-</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;">-</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">Bonds payable, net</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;">193,308,677</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;">43,535,159</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>
CY2024Q2	arec	Debt Issuance Costs And Debt Discount DebtIssuanceCostsAndDebtDiscount	-1691323	usd
CY2023Q4	arec	Debt Issuance Costs And Debt Discount DebtIssuanceCostsAndDebtDiscount	-1464841	usd
CY2024Q2	arec	Notes Payable Gross NotesPayableGross	193308677	usd
CY2023Q4	arec	Notes Payable Gross NotesPayableGross	43535159	usd
CY2024Q2	us-gaap	Notes Payable Current NotesPayableCurrent	0	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	0	usd
CY2024Q2	arec	Notes Payable Net NotesPayableNet	193308677	usd
CY2023Q4	arec	Notes Payable Net NotesPayableNet	43535159	usd

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0001477932-24-005119.txt	Edgar Link	pending
0001477932-24-005119-xbrl.zip	Edgar Link	pending
arec-20240630.xsd	Edgar Link	pending
arec_10q.htm	Edgar Link	pending
arec_ex211.htm	Edgar Link	pending
arec_ex311.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
arec_10q_htm.xml	Edgar Link	completed
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R40.htm	Edgar Link	pending
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arec-20240630_def.xml	Edgar Link	unprocessable

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$AREC
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2024 Q3 Form 10-Q Financial Statement

#000147793224005119 Filed on August 19, 2024

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$AREC American Resources Corp Stock $arec

2024 Q3 Form 10-Q Financial Statement

#000147793224005119 Filed on August 19, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AREC
American Resources Corp Stock $arec