AMERICAN RESOURCES CORPORATION
Balance Sheet
| Line Item | Dec 2025 | Sep 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $31.7M | $2.1M | $24.6K | $201.5K | $840.3K | $554.4K | $4.8M | $1.3M |
| Accounts Receivable | — | $18.2K | $37.3K | $6.7K | — | — | — | $0 |
| Inventory | — | $1.1M | $1.1M | $960.0K | $2.0M | $2.0M | $130.0K | $130.0K |
| Total Current Assets | $134.3M | $8.4M | $8.6M | $92.9M | $5.7M | $4.5M | $4.8M | $37.8M |
| Property, Plant & Equipment | $143.1K | $16.7M | $17.3M | $228.7K | $17.5M | $42.4M | $11.2M | $20.7M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $168.9M | $202.4M | $203.6M | $281.7M | $211.6M | $195.5M | $216.1M | $64.7M |
| Liabilities | ||||||||
| Accounts Payable | — | $4.8M | $9.0M | $9.0M | — | — | — | $4.4M |
| Total Current Liabilities | $61.2M | $84.8M | $86.0M | $166.4M | $24.6M | $19.3M | $16.0M | $78.3M |
| Long-Term Debt | $965.3K | $965.3K | — | $0 | — | — | — | — |
| Total Liabilities | $75.7M | $297.4M | $289.3M | $362.6M | $266.0M | $241.1M | $235.9M | $109.7M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-210.4M | $-276.1M | $-272.6M | $-265.8M | $-234.6M | $-226.1M | $-184.9M | $-225.3M |
| Total Stockholders' Equity | $94.8M | $-80.7M | $-84.1M | $-79.4M | $-51.8M | $-44.1M | $-52.2M | $-43.5M |