American Resources (AREC) files notice of late Q2 2025 10-Q

Rhea-AI Filing Summary

American Resources Corporation filed a Form 12b-25 to notify investors that its Quarterly Report on Form 10-Q for the period ended June 30, 2025 will be filed late. The company explains that the report and required financial statements could not be completed and then audited by its independent auditor in a timely manner without unreasonable effort and expense. This notice is intended to provide additional time to finalize the 10-Q while keeping the market informed that the delay is due to reporting and audit completion issues rather than remaining silent past the original deadline.

Insights

Equity analyst – disclosure & reporting

American Resources discloses a process-driven delay in its Q2 2025 10-Q.

American Resources Corporation has filed a Form 12b-25, signaling that its Form 10-Q for the period ended June 30, 2025 will not be filed by the original deadline. The reason given is that the report and required financial statements could not be completed and audited by the independent auditor in time without unreasonable effort and expense.

This type of notice often reflects internal reporting, closing, or audit timing challenges rather than providing any financial results. The form indicates reliance on the standard relief mechanism, which typically allows a short extension, but the excerpt does not specify the exact revised filing date.

Until the Form 10-Q is filed, investors lack visibility into detailed second-quarter financial performance and any updated disclosures. The significance will ultimately depend on whether the forthcoming 10-Q shows unusual changes in operations or remains broadly consistent with prior periods.

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

SEC FILE NO. 001-38816

CUSIP NO. 02927U 208

☐     Form 10-K ☐     Form 20-F ☐     Form 11-K ☒     Form 10-Q  ☐     Form 10-D ☐     Form N-SAR ☐     Form N-CSR

For Period Ended: June 30, 2025                   

☐	Transition Report on Form 10-K
☐	Transition Report on Form 20-F
☐	Transition Report on Form 11-K
☐	Transition Report on Form 10-Q
☐	Transition Report on Form N-SAR

For the Transition Period Ended:                     

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

Part I - Registrant Information

Full Name of Registrant:	American Resources Corporation
Former Name if Applicable:	NGFC Equities, Inc.
Address of Principal Executive Office:	12115 Visionary Way, Fishers, IN 46038

Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)  ☒

☒	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant’s statement or other exhibit required by Rule 12b-25 has been attached if applicable.

Part III – Narrative

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant’s Annual Report on Form 10-Q for the period ending June 30, 2025 could not be filed within the prescribed time period because the report and required financial statements could not be completed by the Company and subsequently audited by the Company’s independent auditor in a timely manner without unreasonable effort and expense.

Part IV - Other Information

1. Name and telephone number of person to contact in regard to this notification. 

Mark C. Jensen 317-855-9926

2. Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). 

☒ Yes     ☐ No 

3. Is it anticipated that any significant change in result of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

☐ Yes     ☒ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. 

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AMERICAN RESOURCES CORPORATION

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 14, 2025

AMERICAN RESOURCES CORPORATION
By:	/s/ Mark C. Jensen,
	Chief Executive Officer

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FAQ

Why did American Resources Corporation (AREC) delay its Q2 2025 Form 10-Q?

American Resources Corporation delayed its Form 10-Q for the period ended June 30, 2025 because the report and required financial statements could not be completed and then audited by its independent auditor in a timely manner without unreasonable effort and expense.

What period does the late Form 10-Q for American Resources (AREC) cover?

The late Form 10-Q for American Resources Corporation covers the period ended June 30, 2025.

What form did American Resources Corporation (AREC) file to announce the late 10-Q?

American Resources Corporation filed a Form 12b-25, also known as a Notification of Late Filing, to disclose that its Form 10-Q for the period ended June 30, 2025 will be filed after the original deadline.

What reason did American Resources (AREC) give for needing more time to file its 10-Q?

The company stated that the Form 10-Q and required financial statements for the period ended June 30, 2025 could not be completed by the company and subsequently audited by its independent auditor in a timely manner without unreasonable effort and expense.

Does American Resources Corporation’s Form 12b-25 mention significant changes in results of operations?

The excerpt references the standard question about significant changes in results of operations but does not show any narrative explanation of anticipated changes in results for the period ended June 30, 2025.

Who signed American Resources Corporation’s notification of late filing?

The notification of late filing was signed on behalf of American Resources Corporation by Mark C. Jensen, Chief Executive Officer.