AREC American Resources Corp
What the filings say Pressure ▼
Auditor churn in a microcap is a leading indicator of reporting problems.
Radar 70 (elevated attention) · dilution pressure low · listing risk low · governance risk high · runway 60.4 mo · strongest signal: Restatement (non-reliance) (Jul 24, 2026)
Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.
70 Radar · attention score (0–100)
0 Dilution pressure · financing + balance sheet
0 Listing risk · exchange standards
93 Governance risk · reporting, auditor, going concern
Analyst note No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Pro on AREC Alerts One email the morning AREC files anything that matches your rules (types, minimum score, setups).
12-month history Every signal and setup for AREC back a year, not just 30 days — see how the current setup built.
Full analyst notes What we noticed, evidence with links, what could prove us wrong, red-team caveats.
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Balance sheet (XBRL) $31.7M cash + short-term investments as of Dec 31, 2025
60.4 mo estimated runway (annualized 272-day YTD operating cash flow [companyfacts])
$94.8M stockholders' equity as of Dec 31, 2025
$63.9M public float (10-K cover)
107.0M shares outstanding as of May 19, 2026 · was 101.4M Nov 14, 2025
Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 228 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.
Signal timeline Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.
Date Signal Evidence Score Jul 29, 2026 ▼ Restatement (non-reliance) 8-K Item 4.02 filed 2026-07-29 (accepted 07:28 ET) filing
63 Jul 29, 2026 ▼ Auditor change 8-K Item 4.01 filed 2026-07-29 (accepted 07:28 ET) filing
52 Jul 24, 2026 ▼ Restatement (non-reliance) 8-K Item 4.02 filed 2026-07-24 (accepted 04:00 ET) filing
69 Jul 24, 2026 ▼ Auditor change 8-K Item 4.01 filed 2026-07-24 (accepted 04:00 ET) filing
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Quiet Alpha Automated SEC-filing intelligence for US microcaps. Updated every weekday morning from SEC EDGAR · last run 2026-08-16.
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