American Resources Corporation (AREC)

American Resources Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2.08	0.6	1.32	10.87	11.49	10.62
Short-Term Investments	-	0.59	1.35	-	-	-
Cash & Short-Term Investments	2.08	1.19	2.67	10.87	11.49	10.62
Cash Growth	109.93%	-55.31%	-75.48%	-5.39%	8.24%	319319.22%
Accounts Receivable	0.02	0.01	-	0.66	3.18	0.04
Other Receivables	0.09	0.09	-	-	-	0.23
Receivables	0.1	0.09	-	0.66	3.18	0.27
Inventory	1.08	0.96	0.13	0.45	-	0.15
Prepaid Expenses	1.17	1.15	1.73	0.79	0.62	0.18
Restricted Cash	0.62	2.35	2.24	-	-	-
Other Current Assets	3.74	5.58	31.04	-	0.01	-
Total Current Assets	8.79	11.33	37.8	12.77	15.3	11.22
Property, Plant & Equipment	36.71	40.15	21.55	22.15	23.63	22.5
Long-Term Investments	1.65	1.71	3.48	18.78	2.5	-
Other Long-Term Assets	154.06	152.41	1.52	2.12	1.1	0.58
Total Assets	201.2	205.87	64.73	55.92	42.87	38.42
Accounts Payable	10.42	13.26	7.8	9.21	7.18	4.97
Accrued Expenses	3.63	2.74	0.8	0.11	1.33	1.04
Short-Term Debt	-	-	-	-	0.07	0.07
Current Portion of Long-Term Debt	45.94	45.71	45.68	11.7	5.86	11
Current Portion of Leases	7.77	7.68	8.84	3.89	0.15	-
Other Current Liabilities	15.86	15.41	15.15	2.52	1.95	3.85
Total Current Liabilities	83.62	84.8	78.27	27.43	16.54	20.93
Long-Term Debt	158.23	151.84	0.49	-	9.17	19.56
Long-Term Leases	21.65	28	9.68	7.9	0.55	0.07
Other Long-Term Liabilities	32.7	22.28	21.29	20.3	18.97	17.86
Total Liabilities	296.2	286.92	109.73	55.63	45.22	58.42
Common Stock	0.01	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	194.08	186.41	181.75	167.52	163.44	113.28
Retained Earnings	-287.52	-265.91	-225.29	-167.24	-165.79	-133.29
Total Common Equity	-93.43	-79.49	-43.53	0.28	-2.35	-20.01
Minority Interest	-1.57	-1.56	-1.47	-	-	-
Shareholders' Equity	-95	-81.05	-45.01	0.28	-2.35	-20.01
Total Liabilities & Equity	201.2	205.87	64.73	55.92	42.87	38.42
Total Debt	233.59	233.23	64.69	23.49	15.8	30.7
Net Cash (Debt)	-231.51	-232.04	-62.02	-12.62	-4.31	-20.09
Net Cash Per Share	-2.86	-3.00	-0.83	-0.19	-0.08	-0.68
Filing Date Shares Outstanding	84.61	100.87	79.18	78.21	65.74	50.8
Total Common Shares Outstanding	78	78	76.25	66.78	65.08	42.97
Working Capital	-74.83	-73.48	-40.47	-14.67	-1.24	-9.72
Book Value Per Share	-1.20	-1.02	-0.57	0.00	-0.04	-0.47
Tangible Book Value	-93.43	-79.49	-43.53	0.28	-2.35	-20.01
Tangible Book Value Per Share	-1.20	-1.02	-0.57	0.00	-0.04	-0.47
Land	-	1.62	1.62	1.62	1.57	1.57
Buildings	-	0.05	0.05	-	-	-
Machinery	-	-	-	-	12.89	9.37
Construction In Progress	-	5.32	4.45	-	0.01	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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