AMERICAN RESOURCES CORPORATION
Balance Sheet
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|
| Assets | ||||
| Cash & Equivalents | $385.7K | $925.6K | $0 | $82.8K |
| Accounts Receivable | — | — | — | — |
| Inventory | $615.1K | $0 | $4.2K | — |
| Total Current Assets | $2.7M | $3.7M | $644.4K | $110.4K |
| Property, Plant & Equipment | $9.1M | $12.1M | — | — |
| Goodwill | — | — | $361.0K | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — |
| Total Assets | $16.3M | $20.3M | $1.1M | $110.4K |
| Liabilities | ||||
| Accounts Payable | $5.4M | $2.2M | $14.4K | — |
| Total Current Liabilities | $35.4M | $25.2M | $68.1K | $3.0K |
| Long-Term Debt | $5.1M | — | — | — |
| Total Liabilities | $53.5M | $47.8M | $6.6M | $3.0K |
| Stockholders' Equity | ||||
| Retained Earnings | $-39.1M | $-27.7M | $-513.5K | $-88.9K |
| Total Stockholders' Equity | $-37.2M | $-26.0M | $-5.5M | $107.4K |