American Resources Corporation
10/24/2025 | Press release | Distributed by Public on 10/24/2025 14:08
Amendment to Quarterly Report (Form 10-Q/A)
American Resources Corporation (the "Company") filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the "Original Filing") with the Securities and Exchange Commission (the "SEC") on May 28, 2025. The Company filed Amendment No. 1 on Form 10-Q/A to its Quarterly Report on Form 10-Q for the period ended March 31, 2025, for the sole purpose of filing the required XBRL reporting. This Amendment No. 2 on Form 10-Q/A (this "Amendment") is being filed to include additional information throughout that has been requested to be included pursuant to a SEC comment letter dated August 12, 2025, and correct errors and restate certain items presented in the Company's March 31, 2025 Quarterly Report on Form 10-Q. Financial disclosures throughout this Form 10-Q have also been revised, if applicable, for the revisions to the accompanying consolidated financial statements.
The following items have been corrected and restated in the accompanying consolidated financial statements:
|
· |
Our depreciation expense calculations for the quarter ended September 30, 2024, included an error that resulted in the overstatement of depreciation and amortization of mining rights expense for the quarter ended September 30, 2024. The error also resulted in the overstatement of accumulated depreciation by $857,934 as of March 31, 2025 and December 31, 2024. | |
|
· |
Certain amounts previously classified as restricted cash on the consolidated balance sheets as of March 31, 2025, and December 31, 2024, should have been classified as restricted investments. Those reclassifications have been made in the accompanying consolidated balance sheets. |
AMERICAN RESOURCES CORPORATION
TABLE OF CONTENTS
|
PAGE |
||||
American Resources Corporation published this content on October 24, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 24, 2025 at 20:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]