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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 9,263,356 $ 5,196,914
Short-term investments 19,859,952 55,237,747
Accounts receivable 2,616,727 914,741
Inventory 3,951,900 1,518,638
Prepaid expenses 1,473,838 388,921
Total current assets 37,165,773 63,256,961
Property, plant and equipment - net 103,011,333 46,433,726
Long-term investments 5,199,077
Advanced coal royalties 2,984,482 2,050,000
Deferred offering costs 2,247,974
Other 385,514 21,354
Total Assets 143,547,102 119,209,092
Current liabilities    
Accounts payable 14,484,726 8,955,884
Accrued expenses 1,557,735 1,174,904
Distributions payable 3,905,224
Asset retirement obligations 1,195,337 693,796
Note payable 500,000
Other 127,048
Total current liabilities 17,237,798 15,356,856
Asset retirement obligations 10,667,000 9,434,838
Note payable - Ramaco Coal, LLC 10,629,275
Total liabilities 27,904,798 35,420,969
Commitments and contingencies
Series A preferred units 88,773,933
Equity    
Preferred stock, 50,000,000 shares authorized, none outstanding
Common stock, 260,000,000 shares authorized, 39,509,311 and zero shares outstanding, respectively 395,093
Contributed capital 13,265,547
Additional paid-in capital 147,938,891
Accumulated losses (32,691,680) (18,251,357)
Total equity 115,642,304 (4,985,810)
Total Liabilities and Equity $ 143,547,102 $ 119,209,092