Note 7 - Inventories

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 7—INVENTORIES:

Inventory components consist of the following:

	September 30,		December 31,
	2022		2021
Coal	$	24,299	$	12,078
Supplies		50,656		50,798
Total Inventories	$	74,955	$	62,876

Inventories are stated at the lower of cost or net realizable value. The cost of coal inventories is determined by the first-in, first-out (“FIFO”) method. Coal inventory costs include labor, supplies, equipment costs, operating overhead, depreciation, depletion, amortization and other related costs. The cost of supplies inventory is determined by the average cost method and includes operating and maintenance supplies to be used in the Company's coal operations.