American Resources (AREC) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 15, 2023
Cover [Abstract]
Entity Registrant Name	American Resources Corporation
Entity Central Index Key	0001590715
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		78,213,454
Entity File Number	000-55456
Entity Incorporation State Country Code	FL
Entity Tax Identification Number	46-3914127
Entity Interactive Data Current	Yes
Entity Address Address Line 1	12115 Visionary Way
Entity Address City Or Town	Fishers
Entity Address State Or Province	IN
Entity Address Postal Zip Code	46038
City Area Code	317
Local Phone Number	855-9926
Trading Symbol	AREC
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Security 12b Title	Class A Common

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash	$ 297,245	$ 8,868,566
Accounts Receivable	1,694,929	660,755
Inventory	2,959,511	446,690
Prepaid fees	797,076	786,576
Total Current Assets	5,748,761	10,762,587
OTHER ASSETS
Cash - restricted	2,123,216	2,122,263
Property and equipment, net	9,303,457	9,113,722
Long-term right of use assets, net	12,913,548	13,033,889
Investment in LLC - Related Party	19,308,593	20,784,866
Note Receivable	99,022	99,022
Total Other Assets	43,747,836	45,153,762
TOTAL ASSETS	49,496,597	55,916,349
CURRENT LIABILITIES
Trade payable	4,305,293	4,916,243
Non-Trade Payables	2,685,008	2,524,243
Accounts payable - related party	3,005,044	4,295,232
Accrued interest	110,705	106,886
Current portion of long term-debt	839,730	1,917,506
Convertible note payables	0	9,787,423
Current portion of lease liabilities, net	3,962,155	3,889,235
Total Current Liabilities	21,843,507	27,436,768
Remediation liability	20,543,925	20,295,634
Lease liabilities, net	6,696,914	7,899,251
Total Other Liabilities	27,240,839	28,194,885
Total Liabilities	42,148,774	55,631,653
STOCKHOLDERS' DEFICIT
Common stock: $.0001 par value; 230,000,000 shares authorized, 76,197,850 and 66,777,620 shares issued and outstanding	7,622	6,680
Additional paid-in capital	177,680,313	167,517,259
Accumulated deficit	(170,340,112)	(167,239,243)
Total Stockholders' Equity (Deficit)	7,347,823	284,696
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 49,496,597	$ 55,916,349

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	230,000,000	230,000,000
Common Stock, Shares Issued	76,197,850	66,777,620
Common Stock, Shares Outstanding	76,197,850	66,777,620

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Coal Sales	$ 8,723,185	$ 9,031,259
Metal recovery and sales	20,609	37,226
Royalty Income	124,662	12,137
Total Revenue	8,868,456	9,080,622
Cost of Coal Sales and Processing	(2,705,820)	(2,890,858)
Accretion Expense	(248,291)	(267,622)
Depreciation	(13,336)	(626,042)
Amortization of Mining Rights	(305,859)	(303,394)
General and Administrative	(1,321,468)	(1,020,814)
Professional Fees	(293,255)	(350,938)
Production Taxes and Royalties	(981,636)	(819,477)
Development Costs	(5,633,908)	(6,784,188)
Total Operating expenses	(11,503,573)	(13,063,333)
Net Loss from Operations	(2,635,117)	(3,983,711)
Other Income and (expense)
Other Income	93,000	82,156
Gain on cancelation of debt	0	1,521,304
Amortization of debt discount and debt issuance costs	0	0
Interest Income	17,212	10,045
Interest expense	(575,964)	(383,696)
Total Other income (expense)	(465,752)	1,229,809
Net Loss	$ (3,100,869)	(2,752,902)
Less: Net Loss attributable to Non controlling interest		(7,884)
Net loss attributable to American Resources Corp. Shareholders		$ (2,745,018)
Net loss per common share - basic and diluted	$ (0.04)	$ (0.04)
Weighted average common shares outstanding- basic and diluted	72,953,104	65,253,533

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Common Stock	APIC	Accumulated Deficit	Non Controlling Interest
Balance, amount at Dec. 31, 2021	$ 0	$ 0	$ 0	$ 0	$ 0
Balance, shares at Dec. 31, 2021		0
Shares issued in connection with warrant conversions, shares		187,250
Shares issued in connection with warrant conversions, amount	280,875	$ 19	280,856
Amortization of beneficial conversion features	(40,655)		(40,655)
Shares issued in connection with debt conversions, shares		884,229
Shares issued in connection with debt conversions, amount	1,006,726	$ 89	1,006,637
Amortization of Warrant and Option Expense	199,843		199,843
Net Loss	(2,752,902)			(2,745,018)	(7,884)
Balance, shares at Mar. 31, 2022		66,156,471
Balance, amount at Mar. 31, 2022	(3,651,521)	$ 6,616	164,888,336	(168,538,589)	(7,884)
Balance, amount at Dec. 31, 2022	$ 0	$ 0	$ 0	0	$ 0
Balance, shares at Dec. 31, 2022		0
Shares issued in connection with warrant conversions, shares	9,787,423	942	9,786,481
Shares issued in connection with warrant conversions, amount		$ 9,420,230
Net Loss	$ (3,100,869)			(3,100,869)
Amortization of Warrant and Stock Option Expense	376,573		$ 376,573
Balance, shares at Mar. 31, 2023		76,197,850
Balance, amount at Mar. 31, 2023	$ 10,448,692	$ 7,622	$ 177,680,313	$ (170,340,112)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating activities:
Net loss	$ (3,100,869)	$ (2,752,902)
Gain on forgiveness of debt	0	(1,521,304)
Depreciation	13,336	626,042
Amortization of mining rights	305,859	303,394
Accretion expense	248,291	267,622
Accretion of right of use assets	107,895	2,899
Warrant expense	376,573	199,843
Issuance of common share options for compensation	0	0
Amortization of beneficial conversion feature	0	0
Issuance of common shares for services	0	0
Change in current assets and liabilities:
Accounts receivable	(1,034,174)	319,312
Prepaid expenses and other assets	(10,500)	(951,410)
Inventory	(2,512,821)	(1,236,065)
Accounts payable	(450,185)	(393,866)
Accounts payable related party	(1,290,188)	(691,607)
Accrued interest	3,819	94,435
Cash provided by (used in) operating activities	(7,342,964)	(5,733,607)
Cash Flows from Investing activities:
Cash paid for PPE, net	(508,930)	(724,900)
Capitalized interest	0	267,875
Cash invested in notes receivable	0	(335,000)
Investment in LLC	1,476,273	0
Cash provided by (used in) investing activities	967,343	(792,025)
Cash Flows from Financing activities:
Principal payments on long term debt	(1,077,778)	(39,559)
Principal payments on finance lease	(1,116,969)	0
Proceeds from convertible note	0	0
Proceeds from warrant conversions	0	280,875
Proceeds from sale of common stock, net	0	0
Cash provided by financing activities	(2,194,747)	241,316
Increase (decrease) in cash and restricted cash	(8,570,638)	(6,284,316)
Cash and restricted cash, beginning of period	10,990,829	12,588,113
Cash and restricted cash, end of period	2,420,461	$ 6,303,797
Supplemental Information
Conversion of debt to common shares		1,006,726
Discount on note due to beneficial conversion feature	0	$ 0
Cash paid for interest	$ 64,094	$ 3,726

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Common Shares Class A [Member]
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES American Resources Corporation (ARC or the Company) operates through subsidiaries that were formed or acquired in 2020, 2019, 2018, 2016 and 2015 for the purpose of acquiring, rehabilitating and operating various natural resource assets including coal used in the steel making and industrial markets, critical and rare earth elements used in the electrification economy and aggregated metal and steel products used in the recycling industries. Basis of Presentation and Consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries American Carbon Corp (ACC), Deane Mining, LLC (Deane), Quest Processing LLC (Quest Processing), ERC Mining Indiana Corp (ERC), McCoy Elkhorn Coal LLC (McCoy), Knott County Coal LLC (KCC), Wyoming County Coal (WCC),Perry County Resources LLC (PCR), ReElement Technologies, LLC (ReElement), and American Metals LLC (AM). All significant intercompany accounts and transactions have been eliminated. Entities for which ownership is less than 100% a determination is made whether there is a requirement to apply the variable interest entity (VIE) model to the entity. Where the company holds current or potential rights that give it the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, combined with a variable interest that gives the Company the right to receive potentially significant benefits or the obligation to absorb potentially significant losses, the Company would be deemed to have a controlling interest. The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). Interim Financial Information Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been omitted. In the opinion of management, these interim unaudited Consolidated Financial Statements reflect all normal and recurring adjustments necessary for a fair presentation of the results for the periods presented. Results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or any other period. These financial statements should be read in conjunction with the Company’s 2022 audited financial statements and notes thereto which were filed on form 10-K on March 31, 2023. Convertible Preferred Securities: Derivatives and Hedging Activities We also follow ASC 480-10, Distinguishing Liabilities from Equity Cash Cash, Cash Equivalents and Restricted cash: The following table sets forth a reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet that agrees to the total of those amounts as presented in the consolidated statement of cash flows for the three months ended March 31, 2023 and March 31, 2022: March 31, 2023 March 31, 2022 Cash $ 297,245 $ 5,217,204 Restricted Cash 2,123,216 1,086,593 Total cash and restricted cash presented in the consolidated statement of cash flows $ 2,420,461 $ 6,303,797 Asset Retirement Obligations (ARO) – Reclamation: Obligations are reflected at the present value of their future cash flows. We reflect accretion of the obligations for the period from the date they incurred through the date they are extinguished. The asset retirement obligation assets are amortized using the units-of-production method over estimated recoverable (proved and probable) deposits. We are using a discount rate of 10%. Federal and State laws require that mines be reclaimed in accordance with specific standards and approved reclamation plans, as outlined in mining permits. Activities include reclamation of pit and support acreage at surface mines, sealing portals at underground mines, and reclamation of refuse areas and slurry ponds. We assess our ARO at least annually and reflect revisions for permit changes, change in our estimated reclamation costs and changes in the estimated timing of such costs. The table below reflects the changes to our ARO: Balance at December 31, 2022 $ 18,951,587 Accretion – 3 months March 31, 2023 1,344,047 Reclamation work – 3 months March 31, 2023 - Balance at March 31, 2023 $ 20,295,634 Balance at December 31, 2021 $ 18,951,587 Accretion – 3 months March 31, 2022 267,622 Reclamation work – 3 months March 31, 2022 - Balance at March 31, 2022 $ 19,219,209 Allowance For Doubtful Accounts: Allowance for trade receivables as of March 31, 2023 and December 31, 2022 amounted to $0, for both periods. Allowance for other accounts receivables as of March 31, 2023 and December 31, 2022 amounted to $1,888,070 and $1,744,570, respectively. Trade and loan receivables are carried at amortized cost, net of allowance for losses. Amortized cost approximated book value as of March 31, 2023 and December 31, 2022. Prepaid Fees and Advance Royalties: Inventory: Reclassifications:

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2023
PROPERTY AND EQUIPMENT
NOTE 2 - PROPERTY AND EQUIPMENT	NOTE 2 - PROPERTY AND EQUIPMENT At March 31, 2023 and December 31, 2022, property and equipment were comprised of the following: March 31, 2023 December 31, 2022 Processing and rail facility $ 508,930 $ - Underground equipment - - Surface equipment - - Coal refuse storage 12,134,192 12,134,192 Mine Development 561,575 561,575 Land 1,617,435 1,572,435 Less: Accumulated depreciation (319,195 ) (5,199,478 ) Total Property and Equipment, Net $ 9,303,459 $ 9,113,724 Depreciation expense amounted to $319,195 and $393,530 for the period March 31, 2023 and March 31, 2022, respectively. The estimated useful lives are as follows: Processing and Rail Facilities 7-20 years Surface Equipment 7 years Underground Equipment 5 years Mining Rights 5-10 years Coal Refuse Storage 10 years

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2023
NOTES PAYABLE
NOTE 4 - NOTES PAYABLE	NOTE 3 - NOTES PAYABLE During the three-month period ended March 31, 2023, principal reductions on long term debt totaled $1,077,776, primarily due to payments of the Integrity loan. During the three-month period ended March 31, 2023, increases to long term debt totaled $0. On January 31, 2023, the remaining amounts of the convertible notes in the amount of $9,891,241 was converted into 9,420,230 common shares of the Company. Extinguishing all future liabilities under the convertible note. During the three-month period ended March 31, 2022, principal reductions on long term debt totaled $1,564,684, primarily due to debt forgiveness of PPP loan. During the three-month period ended March 31, 2022, increases to long term debt totaled $0. The notes have a minimum offering amount of $12,500,000 and maximum of $25,000,000 and minimum investment of $500,000. The notes carry a 24-month term, 12.5% interest 10% warrant coverage and a conversion price of $1.05. The warrants have an exercise price of $1.50.

RIGHT OF USE ASSETS AND LEASES

RIGHT OF USE ASSETS AND LEASES	3 Months Ended
	Mar. 31, 2023
RIGHT OF USE ASSETS AND LEASES
NOTE 3 - RIGHT OF USE ASSETS	NOTE 4 – RIGHT OF USE ASSETS AND LEASES The right-of-use asset is the Company’s right to use an asset over the life of a lease. The asset is calculated as the initial amount of the lease liability, plus any lease payments made to the lessor before the lease commencement date, plus any initial direct costs incurred, minus any lease incentives received. The Company’s discounted lease payment rate is 10.82%. Our principal offices are located at 12115 Visionary Way, Fishers, Indiana 46038. We pay $5,726 per month in rent for the office space and the rental lease expires December 2026. On January 1, 2023, the Company entered into an expansion lease for the site. The amended lease has a ten-year term and $5,869 per month rate. We also rent office space from an affiliated entity, LRR, at 11000 Highway 7 South, Kite, Kentucky 41828 and pay $1,702 per month rent and the rental lease expires January 1, 2030. On August 17, 2022, ReElement entered into a Commercial Land Lease sublease agreement with Land Betterment for nearly 7 acres of land for the purpose of building a commercial grade critical element purification facility. The sublease is for the period of 5 years with a rate of $3,500 a month. On October 8, 2022, ReElement entered into a Commercial Lease for 6,700 square feet of warehouse space for the purpose of building a commercial grade critical element purification facility. The is for the period of 2 years with a rate of $4,745.83 a month. At March 31, 2023, right of use assets and liabilities were comprised of the following: March 31, 2023 March 31, 2022 Asset Liability Asset Liability Operating Leases 613,094 617,892 704,627 776,424 Finance Leases 12,300,454 10,236,296 - -

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	NOTE 5 - RELATED PARTY TRANSACTIONS Land Resources & Royalties The Company leases property from Land Resources & Royalties (LRR), an entity controlled by certain members of the Company’s management who are also directors and shareholders. Until July 1, 2018, LRR was consolidated as a VIE resulting in transaction between the two companies to be eliminated upon consolidation. Upon deconsolidation, amounts paid and owed to LRR have been disclosed discreetly in the consolidated financial statements. For the three-month period ending March 31, 2023, royalty expense incurred with LRR amounted to $100,610. As of March 31, 2023, total amounts owed LRR amounted to $192,742. For the three-month period ending March 31, 2022, royalty expense incurred with LRR amounted to $57,135. As of March 31, 2022, total amounts owed LRR amounted to $0. Land Betterment Corp On February 13, 2022, the Company entered into a Contract Services Agreement with Land Betterment Corporation, an entity controlled by certain members of the Company’s management who are also directors and shareholders. The contract terms state that service costs are passed through to the Company with a 12.5% mark-up and a 50% share of cost savings which includes payroll covering aforementioned members of the Company’s management. The services agreement covers all of the Company’s properties. For the 3 months ended March 31, 2023 amounts incurred under the agreement amounted to $959,018 and amounts paid totaled $2,403,040. As of March 31, 2023, amounts payable under the agreement amounted to $3,244,901. For the 3 months ended March 31, 2022 amounts incurred under the agreement amounted to $1,574,015 and amounts paid totaled $839,280. As of March 31, 2022, amounts payable under the agreement amounted to $2,793,658. For the 3 months ended March 31, 2023 and 2022, service charges covering members of the Company’s management amounted to $0, respectively. American Opportunity Venture, LLC During January 2022, the company invested $2,250,000 for 50% ownership and become the managing member of American Opportunity Venture, LLC. (AOV) It has been determined that AOV is a variable interest entity and that the Company is not primary beneficiary. As such, the investment in AOV will be accounted for using the equity method of accounting. American Opportunity Venture II, LLC During March 2022, the Company invested $25,000 for 100% ownership and become the managing member of American Opportunity Venture II, LLC. (AOVII). As such, the investment in AOVII has been eliminated in the accompanying financial statements. As of March 31, 2022, AOVII has had no operational activity. Novusterra, Inc. During March 2021, the Company licensed certain technology to an unrelated entity, Novusterra, Inc. According to the commercial terms of the license, the Company is to receive 50% of future cash flows and 15,750,000 common shares of Novusterra, Inc. During August 22, 2022, the Company sold the licensed patents to Novusterra, Inc. All prior licensing obligations were voided upon the sale. It has been determined that Novusterra is a variable interest entity and that the Company is not the primary beneficiary. As such, the investment in Novusterra will be accounted for using the equity method of accounting. . As of March 31, 2023, Novusterra has had no operational activity. Land Betterment Exchange (LBX) The Company is the holder of 2,000,000 LBX Tokens with a par value of $250 for each token. The token issuance process is undertaken by a related party, Land Betterment, and is predicated on proactive environmental stewardship and regulatory bond releases. As of March 31, 2023, there is no market for the LBX Token and therefore no value has been assigned. FUB Mineral LLC On October 1, 2022, the Company invested $250,000 into FUB Mineral, LLC a company with common owners.

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
EQUITY TRANSACTIONS
NOTE 8 - EQUITY TRANSACTIONS	NOTE 6 – EQUITY TRANSACTIONS Employee stock compensation expense for the three-month period ending March 31, 2023 and 2022 amounted to $376,573 and $199,843 respectively. Class A Common Shares Issued in exchange for services, trade payables and related party debt On March 31, 2022, the Company issued 884,229 class A common shares pursuant to the conversion of $1,006,726 of accrued interest. Warrant Exercises On January 13, 2022, the Company issued 117,250 shares of Class A Common Stock based upon a cash pay warrant exercise. The share price at issuance was $1.50. On March 30, 2022, the Company issued 47,500 shares of Class A Common Stock based upon a cash pay warrant exercise. The share price at issuance was $1.50. On March 31, 2022, the Company issued 22,500 shares of Class A Common Stock based upon a cash pay warrant exercise. The share price at issuance was $1.50. New Warrant Issuances On January 26, 2022, the Company issued Common Stock Purchase Warrant “A-10” for rare earth capture advisory. The warrant provides the option to purchase 10,000 Class A Common Shares at a price of $2.05. The warrants expire on January 26, 2024. On February 2, 2022, the Company issued Common Stock Purchase Warrant “C-37” in conjunction with the issuance of $600,000 convertible note. The warrant provides the option to purchase 60,000 Class A Common Shares at a price of $1.50. The warrants expire on February 2, 2023. On February 7, 2022, the Company issued Common Stock Purchase Warrant “A-11” for rare earth processing advisory. The warrant provides the option to purchase 50,000 Class A Common Shares at a price of $4.25. The warrants expire on February 7, 2026. The company uses the Black Scholes option pricing model to value its warrants and options. The significant inputs are as follows: March 31, 2023 March 31, 2022 Expected Dividend Yield 0 % 0 % Expected volatility 87.97 % 123-617 % Risk-free rate 2.37 % 1.40-1.62 % Expected life of warrants .22-8.75 years 1.635-5.588 years Company Warrants: Weighted Weighted Average Average Aggregate Number of Exercise Contractual Intrinsic Warrants Price Life in Years Value Exercisable (Vested) – December 31, 2021 8,401,221 $ 1.135 2.152 $ 7,453,214 Granted 60,000 $ 3.883 4.521 $ 18,000 Forfeited or Expired - $ - - $ - Exercised 1,681,022 $ 1.215 3.094 $ 5,321,781 Outstanding - March 31, 2022 6,780,199 $ 1.139 1.635 $ 18,277,625 Exercisable (Vested) - March 31, 2022 6,780,199 $ 1.139 1.635 $ 18,277,625 Exercisable (Vested) – December 31, 2022 9,724,369 $ 2.75 1.69 $ 6,515,327 Granted - $ - - $ 121,018 Forfeited or Expired - $ - - $ - Exercised - $ - - $ - Outstanding - March 31, 2022 9,724,369 $ 2.75 1.45 $ 9,724,369 Exercisable (Vested) - March 31, 2022 9,724,369 $ 2.75 1.45 $ 9,724,369 Company Options: Weighted Weighted Average Average Aggregate Number of Exercise Contractual Intrinsic Options Price Life in Years Value Outstanding – December 31, 2021 2,159,269 $ 1.606 5.660 $ 1,919,129 Exercisable (Vested) – December 31, 2021 888,659 $ 1.581 5.047 $ 749,470 Granted 75,000 $ 2.560 6.847 $ 105,000 Forfeited or Expired 50,000 $ 1.050 - $ - Exercised - $ - - $ - Outstanding - March 31, 2022 2,184,269 $ 1.651 5.588 $ 5,010,909 Exercisable (Vested) - March 31, 2022 938,659 $ 1.739 5.260 $ 2,149,710 Outstanding – December 31, 2022 5,834,268 $ 1.665 5.39 $ 3,186,870 Exercisable (Vested) – December 31, 2022 3,159,268 $ 1.517 4.91 $ 3,141,183 Granted - $ - - $ - Forfeited or Expired - $ - - $ - Exercised - $ - - $ - Outstanding - March 31, 2023 5,834,268 $ 1.665 5.14 $ 5,484,212 Exercisable (Vested) - March 31, 2023 3,159,268 $ 1.517 4.67 $ 2,906,527

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
CONTINGENCIES
CONTINGENCIES	NOTE 7 - CONTINGENCIES In the course of normal operations, the Company is involved in various claims and litigation that management intends to defend. The range of loss, if any, from potential claims cannot be reasonably estimated. However, management believes the ultimate resolution of matters will not have a material adverse impact on the Company’s business or financial position. In the course of normal operations, the Company is involved in various claims and litigation that management intends to defend. The range of loss, if any, from potential claims cannot be reasonably estimated. However, management believes the ultimate resolution of matters will not have a material adverse impact on the Company’s business or financial position. These claims include amounts assessed by the Kentucky Energy Cabinet totaling $1,157,580, the Company has accrued $1,432,077 as a payable to the Commonwealth of Kentucky including amounts owed to the Kentucky Energy Cabinet. Claims assessed by the Mine Health Safety Administration amount to $856,498 of which the Company has accrued $351,303 as a payable. During 2019, McCoy and Deane, received notice of intent to place liens for amounts owed on federal excise taxes. The amounts associated with the notices are included in the company’s trade payables. Our principal offices are located at 12115 Visionary Way, Fishers, Indiana 46038. We pay $5,726 per month in rent for the office space and the rental lease expires December 2026. On January 1, 2022, the Company entered into an expansion lease for the site. The amended lease has a ten year term and $5,869 per month rate. We also rent office space from an affiliated entity, LRR, at 11000 Highway 7 South, Kite, Kentucky 41828 and pay $1,702 per month rent and the rental lease expires January 1, 2030. On October 8, 2022, ReElement entered into a Commercial Lease for 6,700 square feet of warehouse space for the purpose of building a commercial grade critical element purification facility. The is for the period of 2 years with a rate of $4,745.83 a month. The Company also utilizes various office spaces on-site at its coal mining operations and coal preparation plant locations in eastern Kentucky, with such rental payments covered under any surface lease contracts with any of the surface land owners.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
SUBSEQUENT EVENTS
NOTE 10 - SUBSEQUENT EVENTS	NOTE 8 - SUBSEQUENT EVENTS None.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation And Consolidation	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries American Carbon Corp (ACC), Deane Mining, LLC (Deane), Quest Processing LLC (Quest Processing), ERC Mining Indiana Corp (ERC), McCoy Elkhorn Coal LLC (McCoy), Knott County Coal LLC (KCC), Wyoming County Coal (WCC),Perry County Resources LLC (PCR), ReElement Technologies, LLC (ReElement), and American Metals LLC (AM). All significant intercompany accounts and transactions have been eliminated. Entities for which ownership is less than 100% a determination is made whether there is a requirement to apply the variable interest entity (VIE) model to the entity. Where the company holds current or potential rights that give it the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, combined with a variable interest that gives the Company the right to receive potentially significant benefits or the obligation to absorb potentially significant losses, the Company would be deemed to have a controlling interest. The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”).
Interim Financial Information	Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been omitted. In the opinion of management, these interim unaudited Consolidated Financial Statements reflect all normal and recurring adjustments necessary for a fair presentation of the results for the periods presented. Results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or any other period. These financial statements should be read in conjunction with the Company’s 2022 audited financial statements and notes thereto which were filed on form 10-K on March 31, 2023.
Convertible Preferred Securities	Convertible Preferred Securities: Derivatives and Hedging Activities We also follow ASC 480-10, Distinguishing Liabilities from Equity
Cash	Cash
Cash, Cash Equivalents and Restricted cash	The following table sets forth a reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet that agrees to the total of those amounts as presented in the consolidated statement of cash flows for the three months ended March 31, 2023 and March 31, 2022: March 31, 2023 March 31, 2022 Cash $ 297,245 $ 5,217,204 Restricted Cash 2,123,216 1,086,593 Total cash and restricted cash presented in the consolidated statement of cash flows $ 2,420,461 $ 6,303,797
Asset Retirement Obligations (aro) - Reclamation	Asset Retirement Obligations (ARO) – Reclamation: Obligations are reflected at the present value of their future cash flows. We reflect accretion of the obligations for the period from the date they incurred through the date they are extinguished. The asset retirement obligation assets are amortized using the units-of-production method over estimated recoverable (proved and probable) deposits. We are using a discount rate of 10%. Federal and State laws require that mines be reclaimed in accordance with specific standards and approved reclamation plans, as outlined in mining permits. Activities include reclamation of pit and support acreage at surface mines, sealing portals at underground mines, and reclamation of refuse areas and slurry ponds. We assess our ARO at least annually and reflect revisions for permit changes, change in our estimated reclamation costs and changes in the estimated timing of such costs. The table below reflects the changes to our ARO: Balance at December 31, 2022 $ 18,951,587 Accretion – 3 months March 31, 2023 1,344,047 Reclamation work – 3 months March 31, 2023 - Balance at March 31, 2023 $ 20,295,634 Balance at December 31, 2021 $ 18,951,587 Accretion – 3 months March 31, 2022 267,622 Reclamation work – 3 months March 31, 2022 - Balance at March 31, 2022 $ 19,219,209
Allowance For Doubtful Accounts	Allowance For Doubtful Accounts: Allowance for trade receivables as of March 31, 2023 and December 31, 2022 amounted to $0, for both periods. Allowance for other accounts receivables as of March 31, 2023 and December 31, 2022 amounted to $1,888,070 and $1,744,570, respectively. Trade and loan receivables are carried at amortized cost, net of allowance for losses. Amortized cost approximated book value as of March 31, 2023 and December 31, 2022.
Prepaid Fees and Advance Royalties	Prepaid Fees and Advance Royalties:
Inventory	Inventory:
Reclassifications	Reclassifications:

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule Of Restricted Cash And Cash Equivalents	March 31, 2023 March 31, 2022 Cash $ 297,245 $ 5,217,204 Restricted Cash 2,123,216 1,086,593 Total cash and restricted cash presented in the consolidated statement of cash flows $ 2,420,461 $ 6,303,797
Schedule Of Asset Retirement Obligations	Balance at December 31, 2022 $ 18,951,587 Accretion – 3 months March 31, 2023 1,344,047 Reclamation work – 3 months March 31, 2023 - Balance at March 31, 2023 $ 20,295,634 Balance at December 31, 2021 $ 18,951,587 Accretion – 3 months March 31, 2022 267,622 Reclamation work – 3 months March 31, 2022 - Balance at March 31, 2022 $ 19,219,209

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2023
PROPERTY AND EQUIPMENT
Schedule Of Property And Equipment	March 31, 2023 December 31, 2022 Processing and rail facility $ 508,930 $ - Underground equipment - - Surface equipment - - Coal refuse storage 12,134,192 12,134,192 Mine Development 561,575 561,575 Land 1,617,435 1,572,435 Less: Accumulated depreciation (319,195 ) (5,199,478 ) Total Property and Equipment, Net $ 9,303,459 $ 9,113,724 Depreciation expense amounted to $319,195 and $393,530 for the period March 31, 2023 and March 31, 2022, respectively. The estimated useful lives are as follows: Processing and Rail Facilities 7-20 years Surface Equipment 7 years Underground Equipment 5 years Mining Rights 5-10 years Coal Refuse Storage 10 years

RIGHT OF USE ASSETS AND LEASES

RIGHT OF USE ASSETS AND LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
RIGHT OF USE ASSETS AND LEASES
Schedule Of Right Of Use Assets And Liablities	March 31, 2023 March 31, 2022 Asset Liability Asset Liability Operating Leases 613,094 617,892 704,627 776,424 Finance Leases 12,300,454 10,236,296 - -

EQUITY TRANSACTIONS (Tables)

EQUITY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2023
EQUITY TRANSACTIONS
Schedule Of Black scholes option pricing model	March 31, 2023 March 31, 2022 Expected Dividend Yield 0 % 0 % Expected volatility 87.97 % 123-617 % Risk-free rate 2.37 % 1.40-1.62 % Expected life of warrants .22-8.75 years 1.635-5.588 years
Schedule Of Warrants	Weighted Weighted Average Average Aggregate Number of Exercise Contractual Intrinsic Warrants Price Life in Years Value Exercisable (Vested) – December 31, 2021 8,401,221 $ 1.135 2.152 $ 7,453,214 Granted 60,000 $ 3.883 4.521 $ 18,000 Forfeited or Expired - $ - - $ - Exercised 1,681,022 $ 1.215 3.094 $ 5,321,781 Outstanding - March 31, 2022 6,780,199 $ 1.139 1.635 $ 18,277,625 Exercisable (Vested) - March 31, 2022 6,780,199 $ 1.139 1.635 $ 18,277,625 Exercisable (Vested) – December 31, 2022 9,724,369 $ 2.75 1.69 $ 6,515,327 Granted - $ - - $ 121,018 Forfeited or Expired - $ - - $ - Exercised - $ - - $ - Outstanding - March 31, 2022 9,724,369 $ 2.75 1.45 $ 9,724,369 Exercisable (Vested) - March 31, 2022 9,724,369 $ 2.75 1.45 $ 9,724,369
Schedule Of Options	Weighted Weighted Average Average Aggregate Number of Exercise Contractual Intrinsic Options Price Life in Years Value Outstanding – December 31, 2021 2,159,269 $ 1.606 5.660 $ 1,919,129 Exercisable (Vested) – December 31, 2021 888,659 $ 1.581 5.047 $ 749,470 Granted 75,000 $ 2.560 6.847 $ 105,000 Forfeited or Expired 50,000 $ 1.050 - $ - Exercised - $ - - $ - Outstanding - March 31, 2022 2,184,269 $ 1.651 5.588 $ 5,010,909 Exercisable (Vested) - March 31, 2022 938,659 $ 1.739 5.260 $ 2,149,710 Outstanding – December 31, 2022 5,834,268 $ 1.665 5.39 $ 3,186,870 Exercisable (Vested) – December 31, 2022 3,159,268 $ 1.517 4.91 $ 3,141,183 Granted - $ - - $ - Forfeited or Expired - $ - - $ - Exercised - $ - - $ - Outstanding - March 31, 2023 5,834,268 $ 1.665 5.14 $ 5,484,212 Exercisable (Vested) - March 31, 2023 3,159,268 $ 1.517 4.67 $ 2,906,527

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash	$ 297,245	$ 8,868,566	$ 5,217,204
Restricted Cash	2,123,216	2,122,263	1,086,593
Total cash and restricted cash presented in the consolidated statement of cash flows	$ 2,420,461	$ 10,990,829	$ 6,303,797	$ 12,588,113

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Beginning Balance	$ 18,951,587	$ 18,951,587
Accretion	1,344,047	267,622
Reclamation work	0	0
Ending Balance	$ 20,295,634	$ 19,219,209

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Ownership Percent	100%
Discount Rate	10%
Allowance For Trade Receivables	$ 0	$ 0
Allowance For Other Accounts Receivables	$ 1,888,070	$ 1,744,570

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Less: Accumulated Depreciation	$ (319,195)	$ (5,199,478)
Total Property And Equipment, Net	9,303,459	9,113,724
Underground equipment [Member]
Property And Equipment	0	0
Surface equipment [Member]
Property And Equipment	0	0
Mine development [Member]
Property And Equipment	561,575	561,575
Processing and rail facilities [Member]
Property And Equipment	508,930	0
Coal refuse storage [Member]
Property And Equipment	12,134,192	12,134,192
Land [Member]
Property And Equipment	$ 1,617,435	$ 1,572,435

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details 1)	3 Months Ended
	Mar. 31, 2023
Coal refuse storage [Member]
Estimated Useful Lives	10 years
Processing and rail facilities [Member] | Minimum [Member]
Estimated Useful Lives	7 years
Processing and rail facilities [Member] | Maximum [Member]
Estimated Useful Lives	20 years
Underground equipment [Member]
Estimated Useful Lives	5 years
Surface equipment [Member]
Estimated Useful Lives	7 years
Mining Rights [Member] | Minimum [Member]
Estimated Useful Lives	5 years
Mining Rights [Member] | Maximum [Member]
Estimated Useful Lives	10 years

PROPERTY AND EQUIPMENT (Detai_3

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
PROPERTY AND EQUIPMENT
Depreciation Expense	$ 319,195	$ 393,530

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
NOTES PAYABLE
Principal reductions on long term debt	$ 1,077,776	$ 1,564,684
Increases to long term debt totaled	0	0
Convertible notes	$ 9,891,241
Conversion of notes into common stock	9,420,230
Minimum offering amount		$ 12,500,000
Notes Monthly term		24 months
Interest rate		12.50%
Warrant coverage percentage		10%
Conversion price		$ 1.05
Warrant excercise price		$ 1.50
Maximum offering amount		$ 25,000,000
Minimum investment		$ 500,000

RIGHT OF USE ASSETS AND LEASE_2

RIGHT OF USE ASSETS AND LEASES (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
RIGHT OF USE ASSETS AND LEASES
Operating Leases asset	$ 613,094	$ 704,627
Operating Leases liabilities	617,892	776,424
Finance Leases Asset	12,300,454	0
Finance Leases Liability	$ 10,236,296	$ 0

RIGHT OF USE ASSETS AND LEASE_3

RIGHT OF USE ASSETS AND LEASES (Details Narrative)			1 Months Ended	3 Months Ended
	Oct. 08, 2022 USD ($) ft²	Oct. 08, 2021 USD ($) ft²	Aug. 17, 2022 USD ($)	Mar. 31, 2023 USD ($)	Aug. 17, 2021 ft²
Rent for the office space	$ 4,745	$ 4,745		$ 5,726
Discounted lease payment rate				10.82%
Rental lease expired date				December 2026
Sublease			$ 3,500
Sublease term	2		5
Warehouse space | ft²	6,700	6,700
Commercial Land Lease sublease area | ft²					7
Amended Lease [Member]
Lease term				10 years
Rent for the office space				$ 5,869
LRR [Member]
Rent for the office space				$ 1,702
Rental lease expired date				January 1, 2030

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Royalty Expense	$ 981,636	$ 819,477
Land Betterment Exchange (LBX) [Member]
LBX token par value	$ 250
LBX token holding, Description	The Company is the holder of 2,000,000 LBX Tokens
Land Betterment Corporation [Member] | Contract Services Agreement [Member]
Terms Of Contract, Description	The contract terms state that service costs are passed through to the Company with a 12.5% mark-up and a 50% share of cost savings which includes payroll covering aforementioned members of the Company’s management
Amounts payable under the agreement	$ 959,018	1,574,015
Amounts incurred under the agreement	3,244,901	2,793,658
Amount Paid To Related Party	2,403,040	839,280
Service charges	0	0
LRR [Member]
Royalty Expense	100,610	57,135
Total Amount Owed From Related Party	192,742	$ 0
FUB Mineral LLC [Member] | October 1, 2021 [Member]
Invested amount	$ 250,000
January, 2021 [Member] | American Opportunity Venture, LLC [Member]
Ownership Percentage	50%
Invested amount	$ 2,250,000
March, 2021 [Member] | Novusterra, Inc [Member]
Ownership Percentage	50%
Common shares exchange for equity method investment	15,750,000
March, 2021 [Member] | American Opportunity Venture II, LLC [Member]
Ownership Percentage	100%
Invested amount	$ 25,000

EQUITY TRANSACTIONS (Details)

EQUITY TRANSACTIONS (Details)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Expected Dividend Yield	0%	0%
Risk-free rate	87.97%
Expected volatility	2.37%
Minimum [Member]
Risk-free rate		1.40%
Expected volatility		123%
Expected life of warrants	2 months 19 days	1 year 7 months 18 days
Maximum [Member]
Risk-free rate		1.62%
Expected volatility		617%
Expected life of warrants	8 years 9 months	5 years 7 months 1 day

EQUITY TRANSACTIONS (Detail 1)

EQUITY TRANSACTIONS (Detail 1) - Warrants [Member] - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Outstanding, Beginning Balance	9,724,369	8,401,221
Granted	0	60,000
Forfeited Or Expired	0	0
Exercised	0	1,681,022
Outstanding, Ending Balance	9,724,369	6,780,199
Exercisable (Vested), Ending Balance	9,724,369	6,780,199
Weighted Average Exercise Price, Beginning Balance	$ 2.75	$ 1.135
Grantes, Weighted Average Exercise Price	0	3.883
Forfeited Or Expired, Weighted Average Exercise Price	0	0
Exercised, Weighted Average Exercise Price	0	1.215
Weighted Average Exercise Price, Ending Balance	2.75	1.139
Exercisable (Vested), Weighted Average Exercise Price, Ending Balance	$ 2.75	$ 1.139
Weighted Average Contractual Life in Years, Beginning Balance	1 year 8 months 8 days	2 years 1 month 25 days
Weighted Average Contractual Life in Years, Granted		4 years 6 months 7 days
Weighted Average Contractual Life in Years, Exercised		3 years 1 month 3 days
Weighted Average Contractual Life in Years, Ending Balance	1 year 5 months 12 days	1 year 7 months 18 days
Exercisable (Vested), Weighted Average Contractual Life in Years, Ending Balance	1 year 5 months 12 days	1 year 7 months 18 days
Aggregate Intrinsic value, Beginning Balance	$ 6,515,327	$ 7,453,214
Aggregate Intrinsic value, Granted	121,018	18,000
Aggregate Intrinsic value, Forfeited Or Expired	0	0
Aggregate Intrinsic value, Exercised	0	0
Aggregate Intrinsic value, Ending Balance	9,724,369	18,277,625
Exercisable (Vested), Aggregate Intrinsic value, Ending Balance	$ 9,724,369	$ 18,277,625

EQUITY TRANSACTIONS (Detail 2)

EQUITY TRANSACTIONS (Detail 2) - Options [Member] - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Outstanding, Beginning Balance	5,834,268	2,159,269
Exercisable (Vested), Beginning Balance	3,159,268	888,659
Granted	0	75,000
Forfeited Or Expired	0	50,000
Exercised	0	0
Outstanding, Ending Balance	5,834,268	2,184,269
Exercisable (Vested), Ending Balance	3,159,268	938,659
Weighted Average Exercise Price, Beginning Balance	$ 1.665	$ 1.606
Exercisable (Vested), Weighted Average Exercise Price, Beginning Balance	1.517	1.581
Grantes, Weighted Average Exercise Price	0	2.560
Forfeited Or Expired, Weighted Average Exercise Price	0	1.050
Exercised, Weighted Average Exercise Price	0	0
Weighted Average Exercise Price, Ending Balance	1.665	1.651
Exercisable (Vested), Weighted Average Exercise Price, Ending Balance	$ 1.517	$ 1.739
Weighted Average Contractual Life in Years, Beginning Balance	5 years 4 months 20 days	5 years 7 months 28 days
Exercisable (Vested), Weighted Average Contractual Life in Years, Beginning Balance	4 years 10 months 28 days	5 years 17 days
Weighted Average Contractual Life in Years, Granted	0 years	6 years 10 months 4 days
Weighted Average Contractual Life in Years, Forfeited or Expired	0 years	0 years
Weighted Average Contractual Life in Years, Exercised	0 years	0 years
Weighted Average Contractual Life in Years, Ending Balance	5 years 1 month 20 days	5 years 7 months 1 day
Exercisable (Vested), Weighted Average Contractual Life in Years, Ending Balance	4 years 8 months 1 day	5 years 3 months 3 days
Aggregate Intrinsic value, Beginning Balance	$ 3,186,870	$ 1,919,129
Exercisable (Vested), Aggregate Intrinsic value, Beginning Balance	3,141,183	749,470
Aggregate Intrinsic value, Granted	0	105,000
Aggregate Intrinsic value, Forfeited Or Expired	0	0
Aggregate Intrinsic value, Exercised	0	0
Aggregate Intrinsic value, Ending Balance	5,484,212	5,010,909
Exercisable (Vested), Aggregate Intrinsic value, Ending Balance	$ 2,906,527	$ 2,149,710

EQUITY TRANSACTIONS (Details Na

EQUITY TRANSACTIONS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 02, 2022	Jan. 26, 2022	Mar. 31, 2023	Mar. 31, 2022	Feb. 07, 2022	Mar. 30, 2022	Jan. 13, 2022
Employee Stock Compensation			$ 376,573	$ 199,843
Common Shares Class A [Member]
Issuance of common shares			884,229
Conversion of debt and interest			$ 1,006,726
Common Shares Class A [Member] | Warrant A-10 [Member]
Shares Issued		10,000
Exercise price		$ 2.05
Warrants expiration date		Jan. 26, 2024
Common Shares Class A [Member] | Warrant C-37 [Member]
Conversion of debt and interest	$ 600,000
Shares Issued	60,000
Exercise price	$ 1.50
Warrants expiration date	Feb. 02, 2023
Warrant A-11 [Member] | Common Shares Class A [Member]
Shares Issued					50,000
Exercise price					$ 4.25
Warrants expiration date					Feb. 07, 2026
Warrant Exercise [Member] | Common Shares Class A [Member]
Shares Issued				22,500		47,500	117,250
Exercise price				$ 1.50		$ 1.50	$ 1.50

CONTINGENCIES (Details Narrativ

CONTINGENCIES (Details Narrative)			3 Months Ended
	Oct. 08, 2022 USD ($) ft²	Oct. 08, 2021 USD ($) ft²	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Aug. 17, 2021 ft²
Rent for the office space	$ 4,745	$ 4,745	$ 5,726
Commercial Land Lease sublease area | ft²					7
Warehouse space | ft²	6,700	6,700
Amended lease			The amended lease has a ten year term and $5,869 per month rate
Rental lease expired date			December 2026
Sublease Term			2 years
Accrued payable			$ 110,705	$ 106,886
LRR [Member]
Rent for the office space			$ 1,702
Rental lease expired date			January 1, 2030
Commonwealth of Kentucky [Member] | Kentucky Energy Cabinet [Member]
Claims Amounts			$ 1,157,580
Accrued payable			1,432,077
Mine Health Safety [Member]
Claims Amounts			856,498
Accrued payable			$ 351,303