• Filing Date: 2019-02-14
  • Form Type: S-1/A
  • Description: General form for registration of securities under the Securities Act of 1933 (Amendment)
v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS      
Cash $ 57,739 $ 186,722 $ 784,525
Accounts Receivable 2,801,040 1,870,562 2,753,199
Inventory 426,725 615,096 0
Prepaid fees 147,826 0 0
Accounts Receivable - Other 102,994 30,021 199,701
Total Current Assets 3,536,324 2,702,401 3,737,425
OTHER ASSETS      
Cash - restricted 286,043 198,943 141,102
Processing and rail facility 2,802,855 2,914,422 2,914,422
Underground equipment 9,346,692 8,887,045 7,500,512
Surface equipment 4,532,724 3,957,603 3,751,054
Mining rights (net of amortization of $181,385 and $0) 2,036,567 0 0
Less Accumulated Depreciation (6,600,108) (4,820,569) (2,262,855)
Land 0 178,683 178,683
Accounts Receivable - Other 0 127,718 196,347
Note Receivable 4,117,139 4,117,139 4,117,139
Total Other Assets 16,521,912 15,560,984 16,536,404
TOTAL ASSETS 20,058,236 18,263,385 20,273,829
CURRENT LIABILITIES      
Accounts payable 6,813,924 5,360,537 2,196,060
Accrued management fee 0 17,840,615 17,840,615
Accrued interest 624,209 336,570 122,945
Accrued dividend on Series B 104,157 0 0
Funds held for others 63,767 82,828 24,987
Due to affiliate 636,378 124,000 74,000
Current portion of long term-debt (net of issuance costs and debt discount) 14,625,099 9,645,154 4,431,006
Current portion of reclamation liability 2,275,848 2,033,862 519,489
Total Current Liabilities 25,143,382 35,423,566 25,209,102
OTHER LIABILITIES      
Long-term portion of note payable (net of issuance costs) 5,072,493 5,081,688 4,964,941
Reclamation liability 20,289,527 17,851,195 17,607,384
Total Other Liabilities 25,362,020 22,932,883 22,572,325
Total Liabilities 50,505,402 58,356,449 47,781,427
STOCKHOLDERS' DEFICIT      
Additional paid-in capital 19,816,567 1,527,254 88,193
Accumulated deficit (50,265,183) (42,019,595) (27,651,030)
Total American Resources Corporation's Shareholders' Deficit (30,447,166) (40,490,920) (27,562,355)
Non controlling interest 0 397,856 54,757
Total Stockholders' Deficit (30,447,166) (40,093,064) (27,507,598)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 20,058,236 18,263,385 20,273,829
Class A Common stock [Member]      
STOCKHOLDERS' DEFICIT      
Common stock, value 118 89 0
Series A Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock, value 482 482 482
Series B Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock, value 850 850 $ 0
Series C Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT      
Preferred stock, value $ 0 $ 0