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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 3,769,465 $ 11,492,702
Accounts Receivable 5,671,043 3,175,636
Inventory 730,023 0
Prepaid fees 1,054,342 624,605
Total Current Assets 11,224,873 15,292,943
LONG-TERM ASSETS    
Cash - restricted 1,086,971 1,095,411
Property and Equipment, Net 15,064,592 22,903,154
Right of use assets, net 5,511,519 726,194
Investment in LLC - Related Party 3,740,438 2,500,000
Note Receivable 685,000 350,000
Total Long-Term Assets 26,088,520 27,574,759
TOTAL ASSETS 37,313,393 42,867,702
CURRENT LIABILITIES    
Accounts payable 3,321,172 3,245,566
Non-Trade payables 1,959,900 1,950,567
Accounts payable - related party 3,919,796 3,932,716
Accrued interest 42,013 1,325,286
Due to affiliate 69,000 69,000
Current portion of debt 332,252 5,283,647
Current portion of convertible debt, (net of unamortized discount of $0 and $40,655) 9,485,418 571,618
Current portion of operating lease liabilities, net 88,791 151,806
Current portion of finance lease liabilities, net 1,472,880 0
Total Current Liabilities 20,691,222 16,530,206
LONG-TERM LIABILITIES    
Notes payable 2,195,854 548,477
Convertible note payables 0 8,620,412
Reclamation liability 19,939,332 18,951,587
Operating lease liabilities, net 567,724 562,428
Finance lease liabilities, net 2,991,966 0
Total Long-Term Liabilities 25,694,876 28,682,904
Total Liabilities 46,386,098 45,213,110
STOCKHOLDERS' EQUITY (DEFICIT)    
AREC - Class A Common stock: $.0001 par value; 230,000,000 shares authorized, 66,860,522 and 65,084,992 shares issued and outstanding 6,685 6,508
Additional paid-in capital 167,180,697 163,441,655
Accumulated deficit (176,196,598) (165,793,571)
Total American Resources Corporation Stockholders' Equity (Deficit) (9,009,216) (2,345,408)
Non controlling interest (63,489) 0
Total stockholders' deficit (9,072,705) (2,345,408)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 37,313,393 $ 42,867,702