$METC
Ramaco Resources, Inc.

2017 Q3 Form 10-Q Financial Statement

#000143774917018691 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $14.40M $1.465M
YoY Change 883.19%
Cost Of Revenue $16.53M $384.3K
YoY Change 4200.63%
Gross Profit -$2.120M $1.081M
YoY Change -296.14%
Gross Profit Margin -14.72% 73.77%
Selling, General & Admin $3.141M $1.672M
YoY Change 87.89% 828.81%
% of Gross Profit 154.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $868.0K $60.52K
YoY Change 1334.21%
% of Gross Profit 5.6%
Operating Expenses $3.141M $1.672M
YoY Change 87.89% 828.81%
Operating Profit -$6.342M -$1.483M
YoY Change 327.53%
Interest Expense $21.00 $63.36K
YoY Change -99.97%
% of Operating Profit
Other Income/Expense, Net $31.87K
YoY Change
Pretax Income -$6.236M -$1.530M
YoY Change 307.55% 750.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$6.236M -$1.533M
YoY Change 306.86% 751.5%
Net Earnings / Revenue -43.29% -104.61%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$0.16
COMMON SHARES
Basic Shares Outstanding 39.51M
Diluted Shares Outstanding 39.51M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.10M $68.90M
YoY Change -57.76%
Cash & Equivalents $9.263M $18.97M
Short-Term Investments $19.90M $49.90M
Other Short-Term Assets $1.500M $400.0K
YoY Change 275.0%
Inventory $3.952M
Prepaid Expenses $1.474M
Receivables $2.617M $400.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $37.17M $69.60M
YoY Change -46.6%
LONG-TERM ASSETS
Property, Plant & Equipment $103.0M $28.10M
YoY Change 266.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $14.90M
YoY Change -100.0%
Other Assets $385.5K $200.0K
YoY Change 92.76%
Total Long-Term Assets $106.4M $43.20M
YoY Change 146.25%
TOTAL ASSETS
Total Short-Term Assets $37.17M $69.60M
Total Long-Term Assets $106.4M $43.20M
Total Assets $143.5M $112.8M
YoY Change 27.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.48M $3.000M
YoY Change 382.82%
Accrued Expenses $1.558M $300.0K
YoY Change 419.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $17.24M $4.200M
YoY Change 310.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $10.60M
YoY Change -100.0%
Other Long-Term Liabilities $10.70M $8.900M
YoY Change 20.22%
Total Long-Term Liabilities $10.70M $19.50M
YoY Change -45.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.24M $4.200M
Total Long-Term Liabilities $10.70M $19.50M
Total Liabilities $27.90M $23.80M
YoY Change 17.25%
SHAREHOLDERS EQUITY
Retained Earnings -$32.69M
YoY Change
Common Stock $148.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $115.6M $409.0K
YoY Change
Total Liabilities & Shareholders Equity $143.5M $112.8M
YoY Change 27.26%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$6.236M -$1.533M
YoY Change 306.86% 751.5%
Depreciation, Depletion And Amortization $868.0K $60.52K
YoY Change 1334.21%
Cash From Operating Activities -$12.03M -$790.0K
YoY Change 1422.78% -180.61%
INVESTING ACTIVITIES
Capital Expenditures -$11.54M -$240.0K
YoY Change 4708.33% -93.0%
Acquisitions
YoY Change
Other Investing Activities $29.99M -$64.97M
YoY Change -146.16%
Cash From Investing Activities $18.44M -$65.21M
YoY Change -128.28% 1801.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 84.68M
YoY Change -100.0% 2164.17%
NET CHANGE
Cash From Operating Activities -12.03M -790.0K
Cash From Investing Activities 18.44M -65.21M
Cash From Financing Activities 0.000 84.68M
Net Change In Cash 6.410M 18.68M
YoY Change -65.69% 1348.06%
FREE CASH FLOW
Cash From Operating Activities -$12.03M -$790.0K
Capital Expenditures -$11.54M -$240.0K
Free Cash Flow -$490.0K -$550.0K
YoY Change -10.91% -112.47%

Facts In Submission

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CY2017Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3600000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
14913824
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
64782707
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53280926
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2663967
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q3 us-gaap Preferred Units Preferred Partners Capital Accounts
PreferredUnitsPreferredPartnersCapitalAccounts
CY2016Q4 us-gaap Preferred Units Preferred Partners Capital Accounts
PreferredUnitsPreferredPartnersCapitalAccounts
88773933
CY2017Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1473838
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
388921
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 18pt;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Reclassifications</div></div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">&#x2014;The Company&#x2019;s financial statements for prior periods include reclassifications that were made to conform to the current period presentation.</div></div></div></div></div>
CY2017Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
39509311
CY2016Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
22498150
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
36912362
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
22498150
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
500000
CY2017Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
47700000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
47709000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
ProceedsFromIssuanceOfPreferredLimitedPartnersUnits
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
ProceedsFromIssuanceOfPreferredLimitedPartnersUnits
83704055
CY2017Q3 us-gaap Professional Fees
ProfessionalFees
480905
CY2016Q3 us-gaap Professional Fees
ProfessionalFees
737380
us-gaap Professional Fees
ProfessionalFees
1067845
us-gaap Professional Fees
ProfessionalFees
4149017
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103011333
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46433726
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
500000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
10629275
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
53735
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32691680
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18251357
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2237674
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
34779079
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
14404979
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1465121
us-gaap Sales Revenue Net
SalesRevenueNet
37016753
us-gaap Sales Revenue Net
SalesRevenueNet
1465121
CY2017Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
CY2016Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1465121
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1465121
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3237682
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1671855
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8291489
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2564997
us-gaap Share Based Compensation
ShareBasedCompensation
2465340
us-gaap Share Based Compensation
ShareBasedCompensation
67894
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
333334
CY2016Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2017Q3 us-gaap Short Term Investments
ShortTermInvestments
19859952
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
55237747
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
0
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
88897758
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
43705339
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
6659650
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
409030
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-4985810
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
115642304
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0

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