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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Coal Sales $ 1,847,279 $ 8,890,322 $ 18,162,805 $ 23,219,222
Processing Services Income 147,946 20,876 167,462
Total Revenue 1,847,279 9,038,268 18,183,681 23,386,684
Cost of Coal Sales and Processing (2,956,306) (7,116,009) (15,254,961) (18,214,195)
Accretion Expense (320,900) (433,589) (962,699) (1,116,751)
Depreciation (1,414,942) (700,595) (3,036,747) (1,931,374)
Amortization of mining rights (252,729) (181,385) (1,592,110) (181,385)
General and Administrative (1,434,545) (2,320,287) (3,798,051) (3,892,596)
Professional Fees (170,937) (707,735) (5,136,767) (1,106,864)
Production Taxes and Royalties (948,148) (759,269) (2,811,691) (2,217,156)
Development Costs (1,425,024) (945,341) (5,912,589) (3,429,512)
Total Operating Expenses (8,923,531) (13,164,210) (38,505,615) (32,089,833)
Net Loss from Operations (7,076,252) (4,125,942) (20,321,934) (8,703,149)
Other Income 770,405 875,942 1,251,359 1,295,065
Gain on cancelation of debt 315,000
Loss on settlement of payable   (22,660)  
Receipt of previously impaired receivable 92,573
Amortization of debt discount and issuance costs (219,218) (7,722,197)
Interest Income 82,343 164,686 41,171
Warrant Modification Expense (2,545,360)
Interest expense (901,810) (305,655) (1,674,653) (864,104)
Total other income (expense) (268,280) 570,287 (10,548,825) 879,705
Net Loss (7,344,532) (3,555,655) (30,870,759) (7,823,444)
Less: Series B dividend requirement (17,000) (104,157)
Less: Net income attributable to Non Controlling Interest (151,278)
Net loss attributable to American Resources Corporation Shareholders $ (7,344,532) $ (3,572,655) $ (30,870,759) $ (8,078,879)
Net loss per common share - basic and diluted $ (0.30) $ (3.44) $ (1.34) $ (8.58)
Weighted average common shares outstanding 24,886,763 1,038,783 23,025,762 941,495