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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 5,482,285 $ 5,934,043
Short-term investments 5,199,861
Accounts receivable 31,288,010 7,165,487
Inventories 7,950,960 10,057,787
Prepaid expenses 3,322,037 1,104,437
Total current assets 48,043,292 29,461,615
Property, plant and equipment, net 144,470,229 115,450,841
Advanced coal royalties 3,039,153 2,867,369
Other assets 624,920 318,206
Total Assets 196,177,594 148,098,031
Current liabilities    
Accounts payable 22,723,150 19,532,531
Accrued expenses 6,630,213 2,821,422
Asset retirement obligations 734,188 70,616
Notes payable, net 14,836,754
Other 603,258
Total current liabilities 45,527,563 22,424,569
Deferred tax liability 1,448,478
Asset retirement obligations 12,183,049 12,276,176
Total liabilities 59,159,090 34,700,745
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding
Common stock, $0.01 par value, 260,000,000 shares authorized, 40,082,467 and 39,559,366 shares issued and outstanding, respectively 400,825 395,594
Additional paid-in capital 150,228,209 148,293,263
Accumulated deficit (13,610,530) (35,291,571)
Total stockholders' equity 137,018,504 113,397,286
Total Liabilities and Stockholders' Equity $ 196,177,594 $ 148,098,031