On this page of Benford's Law Stocks.com we present our study of American Resources Corp — ticker symbol AREC. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 8/12/2019 to 5/20/2024 for American Resources Corp under CIK number 0001590715. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for AREC, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for American Resources Corp based on the past AREC filings our system processed in the past.
37.2
15.7
11.6
8.4
6.1
4.2
4.6
6.1
6.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 853
Recent share count: 79,179,958 (7's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
853
High count compared to other filers, with AREC falling in the highest quartile of filers. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
90

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 1's percentage was above the company's typical historical range.
 • We deducted point upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the company's typical historical range.
 • We deducted point upon observing the 6's percentage was below the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 7, we canceled the penalty multiplier.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
AREC
High score compared to other filers, with AREC falling in the highest quartile of filers.
ZWS
ACVA
BCLI
BWMN
AAL
APP
AUPH
BSVN
Check our work! We provide our American Resources Corp Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the AREC filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 317 numbers that start with the digit 1. Here they are:
1
10
10
13
15
1934
13
15
1934
12115
1
13
15
1934
12
12
12
13
12
12
1
129,991
1,867,651
177,643,892
11,202,362
15,337,004
18,108,411
18,276,913
18,780,000
146,101
15,958,730
18,070,562
192,430,933
165,111,534
178,910,546
184,920,261
178,694,329
19,800,995
124,662
1,266,928
13,336
1,321,468
121,767
11,503,573
17,212
178,910,546
178,694,329
148,000
15
156,885
156,900
14,560,000
14,560,000
165,111,534
184,920,261
19,800,995
167,517,259
167,239,243
177,680,313
170,340,112
13,336
168,502
107,895
1,034,174
10,500
1,290,188
13,579
1,476,273
12,472
1,077,778
1,566,363
1,116,969
156,900
148,236,861
146,817,926
142,480,875
10,990,829
179,812,449
14,560,000
1
100
106,462,500
184,920,261
177,643,892
179,812,449
10
1.76
1,241,455
10
100
10
12,134,192
12,134,192
1,617,435
1,617,435
11,202,362
15,337,003
11
10
1,62,958,201
163,205,802
168,670,508
168,923,883
12
1
163,205,802
162,205,802
1,218,081
168,923,883
1,218,081
167,702,802
1
1,347,907
1,347,907
12115
11000
1,702
13
194
15,346
14,849
17,018
153,156
104,310
10.82
10.82
14
17,578,308
17,731,464
18,108,411
18,276,913
116,595
109,372
1,661,272
1,770,644
12,054,702
12,837,922
1,056,578
1,300,103
10,998,124
11,537,819
178,683.
15
10
1,144,342
1,044,179
1,494,570
12
150,000
12
199,500
15,750,000
1,417,500
16
1,990,620
1,426,009
1,313,659
1,037,507
1,206,719
190,063
164,839
165,878
164,839
181,736.
17
1,250
137,473
19,703
19,703
181,736
181,736
103
102
101
100
18
150,000,000
15,000
144
1933
1933
150
150,000,000
192,430,933
192,430,933
19
138,000
138,000
1.05
10,000
10,000
1.20
1.571
1,035,181
1.571
1,035,181
1.592
10
12115
15
1
1
1300
1305
1300
1305
15
15
15
15
15
1
10,000
1
1.75
15
1
1
1
1
100,000
1
1
10
1
1
110
1
1
1
1
1
1
11
1300
1305
1300
1305
110
12
1300
1305
1300
1305
110
1,569,641.
12
1300
1305
1300
1305
1.0
1300
1305
1300
1305
1,300
135
10
1,954,317.
1
1977
1973
1969
1
1,266,928
121,767
13,336
146,814,926
1
13
15
1
1503
104
10.2
1,674,632.14
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.1
10.9
10.9
10.10
10.10
10.11
10.12
10.13
10.13
10.14
10.14
10.15
10.15
10.16
10.16
10.17
10.17
10.18
10.18
10.19
10.19
14.1
14.2
13
15
13
15
18
18
104
104
101
We found 134 numbers that start with the digit 2. Here they are:
20549
2
232.405
22
2
2,168,557
2,666,638
2,521,646
216,093,881
2,755,451
2,607,942
2,305,604
2,371,697
200,000
21,537,089
21,288,799
235,894,876
230,000,000
223,844
216,093,881
29,352
20,609
2,705,820
248,291
248,291
22,086
2,062,021
293,255
2,397,140
2,635,117
251,639
249,455
223,844
284,696
248,290
248,291
242,817
2,512,821
2,172,024
200,000
264,939
2,194,747
2,420,461
212,925,000
2,168,557
2,666,638
2.92
2
20,295,634
20,295,634
21,537,089
21,288,799
248,291
248,291
253,764
280
2
2,973,329
299,448
25,297,564
25,797,203
2
2
25,797,203
25,797,203
2
23,709
242,817
222,305
2.13
2.13
282,755
282,755
243,525
2,796,345
2,000,000
250
250,000
2,250,000
2,026,167
2,463,516
2,520,378
249,635
241,332
2,463,516
2,520,378
24,185
24,185
20,000
2,500,000.
2,569,067
20
21
22
2
2
2
2
2
2
2
25,000
23
2
2
25,000
2
2
2
2
2
22
24
286,046.
22
25
22,326,101
22,091,688
26
27
200
2
28
29
2
26
2,705,820
2,397,140
22,086
2,062,021
2,166,857.
2,194,747
280
21.1
We found 99 numbers that start with the digit 3. Here they are:
317
3
3
31
31
33
33
33
33
33
33
34
35
34,664,936
3
307,801
305,859
390,196
36,095
38,279
3,100,869
3,100,869
30,000
3
376,573
376,573
3,100,869
3,100,869
3,100,869
32,496
304,970
305,859
376,573
366,457
3,819
3,797,176
37,331,574
3,100,869
34,664,936
37,331,574
30
368,500
337,466
319,195
3
305,222
31,139,980
31,645,110
3
3
31,645,110
30,297,203
3,500
30,195
395,973
326,615
367,342
3,080,783.
383,348
394,404
348,947
360,177
350,000.
30,000
376,573
3,911,245
3
3
350
350
3,100,869
3,797,176
30
35,000
31
32
33
3.1
3.1
3.2
3.1
3.3
3.4
3.4
3.5
3.2
3.6
3.2
3.7
3.8
34
31.1
302
31.2
302
32.1
32.2
35
36
4's 5's 6's
We found 72 numbers that start with the digit 4. Here they are:
46038
405
4
4,820,194
4,588,289
4,220,000
4,389,695
4,806,822
44,152,500
480,004
495,611
458,000
465,752
4
43,797
43,800
41,572
43,800
450,185
4,062,115
49.9
4
499,639
4
4,500,000
4,500,000
46038.
41828
4,745.83
41501
40,727
426,168
4,674,368
4,760,706
477,981
4,481,922.
4
465,500
4
4,500,000
45
4
45
45,000,000
45,000,000
44,152,500
44,152,500
4,000,000
4.30
402,881
45,000
450
4
4
4
4
4.1
4.1
4.2
4.2
4.3
4.3
4.4
4.4
4.5
4.5
4.6
4.6
4.7
4.7
4.8
4.9
We found 52 numbers that start with the digit 5. Here they are:
5
54,000
512,558
59,691
57,663
5,510,004
5,488,120
5,633,908
575,964
560,393
560,393
5
560,393
508,930
51
50
51
5
553,105
553,105
5
51,847
5,712,307
5,774
5,718,081
51,847
5,842,417
5,491
5,847,907
505,129
5,718,081
5,847,907
5
5,869
5
530,103
545,449
5,057,198
5,173,793
539,695
50
5,572,644
50
50
5
547,449
547,448
547,448
5,102,945
5.39
5.39
500
We found 36 numbers that start with the digit 6. Here they are:
6
6,709,224
64,667
6,358,230
6,264,211
6,225,932
6,225,932
6,225,932
6,225,932
66,777,620
6,680
6,225,932
653,995
66,093
6
6
6
6,225,932
6.16
6,770,504
6,825,623
6,448,157
6,700
661,864
6
63,000.
63,000
63,000
63,000
604,190
6
6,225,932
6
600,000.00
6,500,000
6,500,000
7's 8's 9's
We found 39 numbers that start with the digit 7. Here they are:
77,392,957
7
792,184
7,514,848
77,296,990
76,247,370
7,732
7,627
76,886,957
72,953,104
76,247,370
7,627
77,296,990
7,732
76,197,850
7,622
7,347,823
75,991
7,342,964
7
7.22
740
749,924
749,924
7
7
7
7.10
7.35
754,959
783,220
75,000
712,150
7
7
792,184
7
7
740
We found 52 numbers that start with the digit 8. Here they are:
804,656
8,723,185
8,868,456
871,620
87
87
8,131,227
8,570,368
87
850
8
8.15
8.15
86,338
89,548
827,427
8
8,627
804,656
847,500
8
871,620
800
800
80,000
8,868,456
8,131,227
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
We found 52 numbers that start with the digit 9. Here they are:
90
99,022
99,022
91,746,164
91,522,320
9
91,746,164
94,019
981,636
93,000
9,420,230
942
9,786,481
9,787,423
967,343
90
993,165
9
93,095
95,065
95,065
91
9
99,807
9
9,787,423
9,420,230
9,626,770
9,626,770
9
95,210.
94,019
967,343
95.1
99.1
99.2
99.1
99.2
99.1
99.2
99.3
99.4
99.5
99.1
99.2
99.3
99.4
99.2
99.3
906
906
95.1
While the above AREC 10Q Filed 5/20/2024 is interesting in isolation, we have found that it is also useful to take a look at older American Resources Corp filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/20/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical AREC 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

37.2
15.7
11.6
8.4
6.1
4.2
4.6
6.1
6.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 853

= Typical AREC range from 8/12/2019 to 5/20/2024
28.5
14.6
10.3
9.2
8.1
10.8
7.6
4.0
6.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL?   [ original filing ]
Total numbers found: 445

= Typical AREC range from 8/12/2019 to 5/20/2024
32.2
15.7
11.4
11.2
7.2
10.0
3.3
4.8
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 581

= Typical AREC range from 8/12/2019 to 5/20/2024
36.5
17.9
8.5
9.2
9.2
5.0
6.6
3.4
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 742

= Typical AREC range from 8/12/2019 to 5/20/2024
34.6
14.2
12.6
9.7
9.5
4.0
3.7
7.0
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 867

= Typical AREC range from 8/12/2019 to 5/20/2024
34.5
18.8
10.7
8.6
6.0
5.8
5.2
5.5
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,054

= Typical AREC range from 8/12/2019 to 5/20/2024
30.5
17.2
13.3
10.3
6.4
3.4
5.7
7.3
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 1,305

= Typical AREC range from 8/12/2019 to 5/20/2024
32.6
17.0
10.0
8.5
7.8
5.8
6.3
4.8
7.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 601

= Typical AREC range from 8/12/2019 to 5/20/2024
32.2
18.0
10.7
4.9
7.2
7.8
7.0
4.3
7.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 51
XBRL?   [ original filing ]
Total numbers found: 345

= Typical AREC range from 8/12/2019 to 5/20/2024
32.4
15.8
11.0
9.9
7.8
11.4
4.5
4.1
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 537

= Typical AREC range from 8/12/2019 to 5/20/2024
37.0
20.4
8.2
9.0
7.0
6.5
3.7
4.4
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 587

= Typical AREC range from 8/12/2019 to 5/20/2024
34.4
18.5
9.7
11.3
8.5
4.3
5.7
3.8
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 2,299

= Typical AREC range from 8/12/2019 to 5/20/2024
33.3
16.1
12.8
10.0
7.0
4.7
3.9
6.4
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 847

= Typical AREC range from 8/12/2019 to 5/20/2024
31.1
16.1
10.9
12.7
6.8
4.9
4.0
7.3
6.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL?   [ original filing ]
Total numbers found: 1,093

= Typical AREC range from 8/12/2019 to 5/20/2024
28.8
13.5
13.1
10.7
7.6
8.9
6.6
3.8
7.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL?   [ original filing ]
Total numbers found: 503

= Typical AREC range from 8/12/2019 to 5/20/2024
30.3
16.7
11.2
11.2
7.7
6.6
7.3
3.9
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 634

= Typical AREC range from 8/12/2019 to 5/20/2024
35.4
14.4
11.9
7.2
6.9
10.9
5.4
5.2
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 404

= Typical AREC range from 8/12/2019 to 5/20/2024
35.2
17.3
10.8
10.1
7.4
5.8
3.4
5.5
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 932

= Typical AREC range from 8/12/2019 to 5/20/2024
38.0
18.6
10.9
7.6
5.3
4.5
4.9
5.1
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,152

= Typical AREC range from 8/12/2019 to 5/20/2024
31.0
17.6
11.2
12.0
7.7
5.7
6.0
4.9
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 2,023

= Typical AREC range from 8/12/2019 to 5/20/2024
 

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