Note 7 - Equity and Equity-based Compensation	9 Months Ended
Sep. 30, 2017
Notes to Financial Statements
Members' Equity Notes Disclosure [Text Block]	7. Equity and Equity-Based Compensation At December 31, 2016, Ramaco Development, LLC had 8,000,000 common units and 4,538,836 preferred units issued and outstanding. On February 8, 2017, in connection with the Company ’s IPO, a corporate reorganization occurred and each unit of Ramaco Development, LLC was converted into approximately 2.81 shares of common stock in Resources and as a result, the Company issued 35,262,576 shares of common stock. The Company issued an additional 3,800,000 shares of common stock in the IPO. After the corporate reorganization and the completion of the IPO discussed above, the Company is authorized to issue up to a total of 260,000,000 shares of its common stock with a par value $0.01 per share, and 50,000,000 shares of its preferred stock with a par value of $0.01 per share. Holders of our common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders and to receive ratably in proportion to the shares of common stock held by them any dividends declared from time to time by the board of directors. Our common stock has no preferences or rights of conversion, exchange, pre-exemption or other subscription rights. At September 30, 2017, we had 39,509,311 shares of our common stock issued and outstanding. We had no preferred shares issued or outstanding at September 30, 2017. Equity-Based Compensation —On August 31, 2016, Ramaco Development, LLC granted two executives an aggregate of 333,334 options ( 166,667 each) for the purchase of common units at an exercise price of $15 per unit. The options have a ten -year term from the grant date. The options to purchase common units were converted into 937,424 options to purchase shares of the Company’s common stock. Vesting of these options was accelerated in our IPO pursuant to their terms. The Company recognized the remaining $2,144,333 of equity-based compensation expense during the three months ended March 31, 2017 for this accelerated vesting. On June 28, 2017, the Company granted a total of 446,735 shares of restricted stock awards to six executives and the three independent directors. The fair market value, based on the closing price of the stock on the day of the grant, was $5.82 per share. The awards to the executives vest in full on December 31, 2019 and the awards to the independent directors vest in full on December 31, 2017. The Company will recognize $2,600,000 in equity-based compensation through the vesting dates. The Company has assumed zero forfeitures. The Company recognized $320,007 of equity-based compensation expense during the three months ended September 30, 2017 for these awards.

Equity and Equity-Based Compensation

December 31, 2016,

Ramaco Development, LLC had

8,000,000

common units and

4,538,836

preferred units issued and outstanding. On

February 8, 2017,

in connection with the Company

’s IPO, a corporate reorganization occurred and each unit of Ramaco Development, LLC was converted into approximately

2.81

shares of common stock in Resources and as a result, the Company issued

35,262,576

shares of common stock. The Company issued an additional

3,800,000

shares of common stock in the IPO. After the corporate reorganization and the completion of the IPO discussed above, the Company is authorized to issue up to a total of

260,000,000

shares of its common stock with a par value

$0.01

per share, and

50,000,000

shares of its preferred stock with a par value of

$0.01

per share. Holders of our common stock are entitled to

one

vote for each share held of record on all matters submitted to a vote of stockholders and to receive ratably in proportion to the shares of common stock held by them any dividends declared from time to time by the board of directors. Our common stock has

preferences or rights of conversion, exchange, pre-exemption or other subscription rights. At

September 30, 2017,

we had

39,509,311

shares of our common stock issued and outstanding. We had

preferred shares issued or outstanding at

September 30, 2017.

Equity-Based Compensation

—On

August 31, 2016,

Ramaco Development, LLC granted

two

executives an aggregate of

333,334

options (

166,667

each) for the purchase of common units at an exercise price of

$15

per unit. The options have a

ten

-year term from the grant date. The options to purchase common units were converted into

937,424

options to purchase shares of the Company’s common stock. Vesting of these options was accelerated in our IPO pursuant to their terms. The Company recognized the remaining

$2,144,333

of equity-based compensation expense during the

three

months ended

March 31, 2017

for this accelerated vesting.

June 28, 2017,

the Company granted a total of

446,735

shares of restricted stock awards to

six

executives and the

three

independent directors. The fair market value, based on the closing price of the stock on the day of the grant, was

$5.82

per share. The awards to the executives vest in full on

December 31, 2019

and the awards to the independent directors vest in full on

December 31, 2017.

The Company will recognize

$2,600,000

in equity-based compensation through the vesting dates. The Company has assumed

zero

forfeitures. The Company recognized

$320,007

of equity-based compensation expense during the

three

months ended

September 30, 2017

for these awards.