AREC: American Resources Corp Financial Statements

Balance sheet, income statement, and cash flow statements for American Resources Corp (AREC).

OverviewDividends

$78.20M Market Cap.

As of 05/19/2025 5:00 PM ET (MRY) • Disclaimer

AREC Market Cap. (MRY)


AREC Shares Outstanding (MRY)


AREC Assets (MRY)


Total Assets

$205.01M

Total Liabilities

$286.92M

Total Investments

$7.07M

AREC Income (MRY)


Revenue

$383.23K

Net Income

-$40.11M

Operating Expense

$30.91M

AREC Cash Flow (MRY)


CF Operations

-$22.23M

CF Investing

$55.98K

CF Financing

$146.66M

AREC Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$205,013,999 (123.46%)

$91,746,164 (64.08%)

$55,916,349 (30.42%)

$42,872,702 (11.60%)

Assets Current

$11,325,039 (-67.54%)

$34,885,493 (224.14%)

$10,762,587 (-29.65%)

$15,297,943 (36.40%)

Assets Non-Current

$193,688,960 (240.64%)

$56,860,671 (25.93%)

$45,153,762 (63.75%)

$27,574,759 (1.38%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

-$78,786,412 (-35297.02%)

$223,844 (178.63%)

-$284,696 (87.86%)

-$2,345,408 (88.28%)

Property Plant & Equipment Net

$39,293,806 (16.90%)

$33,613,917 (51.77%)

$22,147,611 (-6.27%)

$23,629,348 (5.03%)

Cash & Equivalents

$155,366,868 (1541.55%)

$9,464,667 (-13.89%)

$10,990,829 (-12.69%)

$12,588,113 (12.38%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$7,073,601 (-85.59%)

$49,077,204 (135.00%)

$20,883,888 (735.36%)

$2,500,000 (0%)

Investments Current

$5,087,357 (-83.21%)

$30,297,204 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$1,986,244 (-89.42%)

$18,780,000 (-10.07%)

$20,883,888 (735.36%)

$2,500,000 (0%)

Inventory

$959,989 (1677.76%)

$54,000 (-87.91%)

$446,690 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$1,087,918 (998.66%)

$99,022 (-85.01%)

$660,755 (-81.26%)

$3,525,636 (-19.69%)

Trade & Non-Trade Payables

$14,230,907 (21.75%)

$11,688,863 (-0.40%)

$11,735,718 (27.52%)

$9,202,849 (3.49%)

Accumulated Retained Earnings (Deficit)

-$266,763,049 (-49.28%)

-$178,694,329 (-6.85%)

-$167,239,243 (-0.87%)

-$165,793,571 (-24.39%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$233,231,020 (303.29%)

$57,832,100 (146.16%)

$23,493,415 (49.41%)

$15,724,437 (-48.66%)

Debt Current

$53,390,029 (841.77%)

$5,669,141 (-63.65%)

$15,594,164 (159.60%)

$6,007,071 (-45.38%)

Debt Non-Current

$179,840,991 (244.77%)

$52,162,959 (560.35%)

$7,899,251 (-18.71%)

$9,717,366 (-50.50%)

Total Liabilities

$286,923,743 (213.50%)

$91,522,320 (64.51%)

$55,631,653 (23.27%)

$45,128,110 (-22.75%)

Liabilities Current

$84,802,847 (369.29%)

$18,070,562 (-34.14%)

$27,436,768 (65.93%)

$16,535,206 (-21.01%)

Liabilities Non-Current

$202,120,896 (175.18%)

$73,451,758 (160.51%)

$28,194,885 (-1.39%)

$28,592,904 (-23.73%)

AREC Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$383,234 (-97.71%)

$16,744,075 (-57.58%)

$39,474,269 (409.00%)

$7,755,306 (631.85%)

Cost of Revenue

$2,562,508 (-82.03%)

$14,259,541 (-44.02%)

$25,472,705 (203.42%)

$8,395,101 (64.38%)

Selling General & Administrative Expense

$21,024,382 (199.76%)

$7,013,833 (74.45%)

$4,020,464 (3.50%)

$3,884,464 (56.20%)

Research & Development Expense

$2,148,132 (-81.71%)

$11,746,725 (-58.25%)

$28,134,883 (55.45%)

$18,098,670 (352.59%)

Operating Expenses

$30,909,788 (122.26%)

$13,906,867 (-20.48%)

$17,488,885 (-36.85%)

$27,693,613 (123.34%)

Interest Expense

$8,021,459 (499.96%)

$1,336,997 (-6.25%)

$1,426,153 (-65.72%)

$4,159,813 (22.95%)

Income Tax Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$40,196,740 (-250.91%)

-$11,455,086 (-692.37%)

-$1,445,672 (95.55%)

-$32,504,323 (-216.94%)

Net Income to Non-Controlling Interests

-$87,814 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$40,108,926 (-250.14%)

-$11,455,086 (-692.37%)

-$1,445,672 (95.55%)

-$32,504,323 (-216.94%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$40,108,926 (-250.14%)

-$11,455,086 (-692.37%)

-$1,445,672 (95.55%)

-$32,504,323 (-216.94%)

Weighted Average Shares

$77,222,990 (2.39%)

$75,422,390 (13.73%)

$66,316,058 (20.09%)

$55,222,768 (88.09%)

Weighted Average Shares Diluted

$77,222,990 (2.39%)

$75,422,390 (13.73%)

$66,316,058 (20.09%)

$55,222,768 (88.09%)

Earning Before Interest & Taxes (EBIT)

-$32,087,467 (-217.13%)

-$10,118,089 (-51737.13%)

-$19,519 (99.93%)

-$28,344,510 (-312.44%)

Gross Profit

-$2,179,274 (-187.71%)

$2,484,534 (-82.26%)

$14,001,564 (2288.45%)

-$639,795 (84.19%)

Operating Income

-$33,089,062 (-189.69%)

-$11,422,333 (-227.54%)

-$3,487,321 (87.69%)

-$28,333,408 (-72.27%)

AREC Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$55,976 (100.19%)

-$28,833,246 (-277.37%)

-$7,640,668 (-29.09%)

-$5,918,943 (-1516.50%)

Net Cash Flow from Financing

$146,661,482 (292.28%)

$37,387,162 (118372.63%)

-$31,611 (-100.09%)

$36,398,046 (49.41%)

Net Cash Flow from Operations

-$22,225,352 (-53.12%)

-$14,515,241 (-338.93%)

$6,074,995 (120.88%)

-$29,092,193 (-110.09%)

Net Cash Flow / Change in Cash & Cash Equivalents

$124,492,106 (2323.08%)

-$5,599,988 (-250.59%)

-$1,597,284 (-215.17%)

$1,386,910 (-87.31%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

-$18,284,866 (-631.39%)

-$2,500,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$715,038 (102.40%)

-$29,797,565 (-11772.58%)

-$250,978 (28.29%)

-$350,000 (0%)

Capital Expenditure

-$659,062 (-168.34%)

$964,319 (-90.72%)

$10,393,220 (438.66%)

-$3,068,943 (-834.45%)

Issuance (Repayment) of Debt Securities

$146,472,243 (291.77%)

$37,387,162 (60373.54%)

$61,824 (-99.27%)

$8,483,660 (-26.42%)

Issuance (Purchase) of Equity Shares

$156,900 (0%)

$0 (0%)

-$93,435 (-103.50%)

$2,667,928 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$3,725,484 (147.33%)

$1,506,292 (-13.54%)

$1,742,145 (59.30%)

$1,093,603 (375.38%)

Depreciation Amortization & Accretion

$3,559,599 (382.60%)

$737,592 (-39.09%)

$1,210,895 (-38.47%)

$1,968,066 (6.08%)

AREC Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-568.70% (-3942.57%)

14.80% (-58.31%)

35.50% (532.93%)

-8.20% (97.85%)

Profit Margin

-10465.90% (-15201.02%)

-68.40% (-1748.65%)

-3.70% (99.12%)

-419.10% (56.70%)

EBITDA Margin

-7444.00% (-13192.86%)

-56.00% (-1966.67%)

3.00% (100.88%)

-340.10% (28.17%)

Return on Average Equity (ROAE)

82.50% (159.44%)

-138.80% (-523.17%)

32.80% (-99.34%)

4970.40% (14871.08%)

Return on Average Assets (ROAA)

-19.40% (-45.86%)

-13.30% (-291.18%)

-3.40% (95.01%)

-68.10% (-118.97%)

Return on Sales (ROS)

-8372.80% (-13762.25%)

-60.40% (0%)

0% (0%)

-365.50% (43.64%)

Return on Invested Capital (ROIC)

-14.40% (-24.14%)

-11.60% (-11500.00%)

-0.10% (99.90%)

-103.60% (-402.91%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-1.94 (80.45%)

-9.93 (84.95%)

-66 (-2063.23%)

-3.05 (45.23%)

Price to Sales Ratio (P/S)

203.52 (2932.17%)

6.71 (202.61%)

2.22 (-82.69%)

12.82 (-76.28%)

Price to Book Ratio (P/B)

-0.99 (-100.19%)

520.99 (263.55%)

-318.54 (-572.37%)

-47.38 (-1265.30%)

Debt to Equity Ratio (D/E)

-3.64 (-100.89%)

408.87 (309.24%)

-195.41 (-915.58%)

-19.24 (-558.94%)

Earnings Per Share (EPS)

-0.52 (-246.67%)

-0.15 (-650.00%)

-0.02 (96.61%)

-0.59 (-68.57%)

Sales Per Share (SPS)

0.01 (-97.75%)

0.22 (-62.69%)

0.59 (325.00%)

0.14 (288.89%)

Free Cash Flow Per Share (FCFPS)

-0.3 (-64.44%)

-0.18 (-172.58%)

0.25 (142.61%)

-0.58 (-27.35%)

Book Value Per Share (BVPS)

-1.02 (-34100.00%)

0 (175.00%)

-0 (90.48%)

-0.04 (93.83%)

Tangible Assets Book Value Per Share (TABVPS)

2.65 (118.34%)

1.22 (44.25%)

0.84 (8.63%)

0.78 (-40.67%)

Enterprise Value Over EBIT (EV/EBIT)

-5 (61.54%)

-13 (99.76%)

-5,331 (-133175.00%)

-4 (73.33%)

Enterprise Value Over EBITDA (EV/EBITDA)

-5.13 (62.70%)

-13.76 (-115.76%)

87.34 (2118.93%)

-4.33 (78.75%)

Asset Turnover

0 (-98.97%)

0.2 (-79.08%)

0.93 (475.31%)

0.16 (406.25%)

Current Ratio

0.13 (-93.06%)

1.93 (392.60%)

0.39 (-57.62%)

0.93 (72.57%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$22,884,414 (-68.88%)

-$13,550,922 (-182.29%)

$16,468,215 (151.21%)

-$32,161,136 (-139.48%)

Enterprise Value (EV)

$146,430,384 (13.43%)

$129,094,834 (24.07%)

$104,053,676 (-8.81%)

$114,105,976 (11.71%)

Earnings Before Tax (EBT)

-$40,108,926 (-250.14%)

-$11,455,086 (-692.37%)

-$1,445,672 (95.55%)

-$32,504,323 (-216.94%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$28,527,868 (-204.12%)

-$9,380,497 (-887.37%)

$1,191,376 (104.52%)

-$26,376,444 (-425.72%)

Invested Capital

$198,075,304 (62.30%)

$122,043,035 (197.80%)

$40,982,167 (39.05%)

$29,473,820 (-20.15%)

Working Capital

-$73,477,808 (-536.98%)

$16,814,931 (200.84%)

-$16,674,181 (-1247.67%)

-$1,237,263 (87.27%)

Tangible Asset Value

$205,013,999 (123.46%)

$91,746,164 (64.08%)

$55,916,349 (30.42%)

$42,872,702 (11.60%)

Market Capitalization

$78,195,468 (-32.95%)

$116,619,824 (28.59%)

$90,688,256 (-18.38%)

$111,116,504 (60.05%)

Average Equity

-$48,623,564 (-689.32%)

$8,250,846 (287.37%)

-$4,403,566 (-573.37%)

-$653,960 (97.88%)

Average Assets

$207,057,004 (140.59%)

$86,060,535 (103.13%)

$42,366,700 (-11.25%)

$47,737,037 (44.56%)

Invested Capital Average

$223,447,802 (156.55%)

$87,097,010 (163.99%)

$32,992,223 (20.57%)

$27,364,631 (-17.83%)

Shares

77,421,255 (-1.08%)

78,268,338 (13.92%)

68,703,224 (11.29%)

61,731,391 (73.39%)