American Resources
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. American Resources's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 58% to $16,744,074. The net income dropped to -$11,455,086 and profit margin reached -68%. Total operating expenses were $13,906,866.
Profit Margin
| 2014 | 0 | -88.93K | |
|---|---|---|---|
| 2015 | 62.42K | -424.55K | -680.07% |
| 2016 | 147.28K | -717.67K | -487.28% |
| 2017 | 20.82M | -14.36M | -69.01% |
| 2018 | 31.52M | -12.90M | -40.95% |
| 2019 | 24.47M | -83.60M | -341.54% |
| 2020 | 1.05M | -16.13M | -1522.41% |
| 2021 | 7.75M | -36.32M | -468.45% |
| 2022 | 39.47M | 22.53M | 57.08% |
| 2023 | 16.74M | -11.45M | -68.41% |
AREC Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 16.74M | 39.47M | 7.75M | 1.05M | 24.47M | 31.52M | 20.82M | 147.28K | 62.42K | 0 |
Cost of revenue | 14.25M | 25.47M | 8.39M | 5.10M | 30.30M | 28.16M | 21.31M | 80.92K | 60.22K | 0 |
Gross profit | 2.48M | 14.00M | -639.79K | -4.04M | -5.83M | 3.35M | -497.58K | 66.36K | 2.20K | 0 |
Operating exp. | ||||||||||
Research and development | 11.74M | 28.13M | 18.09M | 3.99M | 7.23M | 3.81M | 6.85M | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 13.90M | 37.99M | 27.58M | 12.39M | 26.82M | 15.66M | 13.27M | 376.88K | 407.09K | 84.95K |
Operating income | -11.42M | -23.99M | -28.22M | -16.44M | -59.95M | -12.30M | -14.01M | -754.90K | -404.88K | -84.95K |
Other income (expenses), net | -32.75K | 22.55M | -4.17M | 6.19M | -10.96M | -453.01K | -402.83K | -408.63K | -19.67K | -3.97K |
Income before tax | -11.45M | -1.44M | -32.39M | -10.25M | -70.91M | -12.75M | -14.02M | -719.16K | -444.45K | -88.93K |
Income tax expense | 0 | -23.97M | 3.93M | 5.87M | 12.68M | -724.33K | 343.09K | -1.49K | -19.89K | 1 |
Net income | -11.45M | 22.53M | -36.32M | -16.13M | -83.60M | -12.90M | -14.36M | -717.67K | -424.55K | -88.93K |
Earnings per share | ||||||||||
Basic EPS | -0.15 | 0.34 | -0.66 | -0.55 | -3.47 | -3.67 | -18.13 | -0.86 | -0.58 | -0.38 |
Diluted EPS | -0.15 | 0.34 | -0.66 | -0.55 | -3.47 | -3.67 | -18.13 | -0.86 | -0.58 | -0.38 |
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