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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Consolidated Statements Of Operations        
Coal Sales $ 3,859,841 $ 9,577,939
Processing Services Income 510,157 141,264 1,404,140 888,043
Total Revenue 4,369,998 141,264 10,982,079 888,043
Cost of Coal Sales and Processing (4,658,687) (1,408,021) (9,510,259) (2,143,167)
Accretion Expense (513,706) (792,782) (841,767) (961,032)
Loss of Settlement (95,930) (251,852)
Depreciation (699,644) (760,263) (1,159,288) (1,244,451)
General and Administrative (31,479) (29,826) (162,664) (76,508)
Professional Fees (113,976) (157,388) (421,283) (180,869)
Consulting Fees - Related Party (5,500,000) (12,358,255)
Production Taxes and Royalties (926,421) (62,686) (2,598,661) (126,194)
Interest
Impairment Loss
Development Costs (1,498,190) (168,250) (3,137,473) (1,356,111)
Total Expenses from Operations (8,538,033) (8,879,216) (18,083,247) (18,446,587)
Net Loss from Operations (3,928,035) (8,737,952) (7,101,168) (17,558,544)
Other Income 64,596 241,574
Receipt of previously impaired receivable 123,917 123,917
Interest (96,754) (87,108) (225,287) (91,142)
Net Loss (4,076,276) (8,825,060) (6,960,964) (17,649,686)
Less: Net income attributable to Non Controlling Interest (64,596) (241,574)
Net loss attributable to American Resources Corporation Shareholders $ (4,140,872) $ (8,825,060) $ (7,202,538) $ (17,649,686)
Net loss per share - basic and diluted $ (4.71) $ (10.42)
Weighted average shares outstanding 878,704 691,462