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Unaudited Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income (loss) $ 5,266,277 $ (3,093,143)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Accretion of asset retirement obligations 123,468 101,277
Depreciation and amortization 2,437,500 156,127
Amortization of debt issuance costs 48,375
Equity-based compensation 550,805 2,145,333
Deferred income tax expense 708,465
Changes in operating assets and liabilities:    
Accounts receivable (16,330,602) (659,458)
Prepaid expenses (1,463,598) (686,905)
Inventories (73,632) (651,669)
Other assets 44,123 7,641
Accounts payable 8,561,670 (4,632,988)
Accrued expenses (3,563,510) (1,119,581)
Net cash from operating activities 3,436,361 (6,194,204)
Cash flow from investing activities:    
Purchases of property, plant and equipment (12,768,964) (11,447,432)
Purchase of investment securities (14,913,824)
Proceeds from maturities of investment securities 5,199,861 10,499,000
Net cash from investing activities (7,569,103) (15,862,256)
Cash flows from financing activities    
Proceeds from issuance of common stock 47,709,000
Payments of equity offering costs (1,755,685)
Repayments to Ramaco Coal, LLC (10,629,275)
Repayments of financed insurance payable (220,290) (91,224)
Proceeds from notes payable, net 6,000,000
Payment of debt issuance costs (257,440)
Payment of note payable (500,000)
Payment of distributions (3,905,224)
Net cash from financing activities 5,522,270 30,827,592
Net change in cash and cash equivalents 1,389,528 8,771,132
Cash and cash equivalents, beginning of period 5,934,043 5,196,914
Cash and cash equivalents, end of period 7,323,571 13,968,046
Supplemental cash flow information:    
Cash paid for interest 56,881 81,091
Cash paid for taxes
Non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued liabilities 3,171,833 5,794,278
Financed insurance 788,921
Additional asset retirement obligations acquired or incurred 88,417 193,216
Accretion – Series A preferred units $ 123,825