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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income (loss) $ 21,681,041 $ (12,816,658)
Adjustments to reconcile net income (loss) to net cash from operating activities    
Accretion of asset retirement obligations 370,403 303,829
Depreciation and amortization 8,740,659 1,334,983
Amortization of debt issuance costs 406,044
Equity-based compensation 1,940,177 2,465,340
Deferred income tax expense 1,448,479
Changes in operating assets and liabilities    
Accounts receivable (24,122,523) (1,701,986)
Prepaid expenses (941,529) (1,084,917)
Inventories 2,106,827 (2,433,262)
Advanced coal royalties (171,784) (934,482)
Other assets and liabilities (306,714) (364,160)
Accounts payable 5,235,807 2,327,052
Accrued expenses (4,086,599) (382,831)
Net cash from operating activities 20,473,486 (12,521,430)
Cash flow from investing activities    
Purchases of property, plant and equipment (39,883,002) (53,280,926)
Purchase of investment securities (14,913,824)
Proceeds from maturities of investment securities 5,199,861 55,490,696
Net cash from investing activities (34,683,141) (12,704,054)
Cash flows from financing activities    
Proceeds from issuance of common stock 47,709,000
Payments of equity offering costs (1,755,687)
Repayments to Ramaco Coal, LLC (10,629,275)
Repayments of financed insurance payable (672,813) (127,048)
Proceeds from notes payable 13,000,000
Proceeds from notes payable to related party 3,000,000
Payment of debt issuance costs (569,290)
Repayment of note payable (1,000,000) (500,000)
Payment of distributions (5,405,064)
Net cash from financing activities 13,757,897 29,291,926
Net change in cash and cash equivalents (451,758) 4,066,442
Cash and cash equivalents, beginning of period 5,934,043 5,196,914
Cash and cash equivalents, end of period 5,482,285 9,263,356
Supplemental cash flow information    
Cash paid for interest 801,023 81,324
Cash paid for taxes
Non-cash investing and financing activities    
Capital expenditures included in accounts payable and accrued expenses 893,570 3,201,790
Financed insurance 1,276,071
Additional asset retirement obligations acquired or incurred 200,042 478,921
Accretion – Series A preferred units $ 123,825