10-Q Filing

RAMACO RESOURCES, INC. CIK: 1687187 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-009992`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	metc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 74

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.97M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$5.20M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$23.50M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.17M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$10.06M	USD	Point-in-time
Inventories	`InventoryNet`	$10.13M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.36M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.46M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	40.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$44.31M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.56M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$115.45M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	40.08M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.56M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$125.83M	USD	Point-in-time
Advanced coal royalties	`AdvanceRoyaltiesNoncurrent`	$2.87M	USD	Point-in-time
Advanced coal royalties	`AdvanceRoyaltiesNoncurrent`	$2.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$422.14K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$318.21K	USD	Point-in-time
Total Assets	`Assets`	$173.28M	USD	Point-in-time
Total Assets	`Assets`	$148.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.82M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$291.81K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$70.62K	USD	Point-in-time
Note payable, net	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable, net	`NotesPayableCurrent`	$5.79M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$568.63K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.42M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$708.47K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.27M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$54.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.70M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 260,000,000 shares authorized, 40,082,467 and 39,559,366 shares issued and outstanding, respectively	`CommonStockValue`	$395.59K	USD	Point-in-time
Common stock, $0.01 par value, 260,000,000 shares authorized, 40,082,467 and 39,559,366 shares issued and outstanding, respectively	`CommonStockValue`	$400.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$148.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$148.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$113.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$119.21M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$148.10M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$173.28M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$55.94M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$11.54M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$10.85M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$44.33M	USD	1 Quarter
Other operating costs and expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other operating costs and expenses	`OtherCostAndExpenseOperating`	$17.30K	USD	1 Quarter
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$123.47K	USD	1 Quarter
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$101.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$156.13K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.43M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$50.32M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$14.72M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-3.18M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$5.62M	USD	1 Quarter
Interest and dividend income	`InterestAndDividendIncomeOperating`	$1.24K	USD	1 Quarter
Interest and dividend income	`InterestAndDividendIncomeOperating`	$116.43K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-3.26K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$489.32K	USD	1 Quarter
Interest expense	`InterestExpense`	$101.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$22.61K	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.01M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.09M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$743.31K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.27M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.09M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.07M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.14M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.07M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$5.27M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.09M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$123.47K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$101.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$156.13K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$48.38K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$2.15M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$550.80K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$708.47K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$16.33M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$659.46K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.46M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$686.90K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$73.63K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$651.67K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-44.12K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.64K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.56M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.12M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.56M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.19M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.44M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.45M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.77M	USD	1 Quarter
Purchase of investment securities	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	1 Quarter
Purchase of investment securities	`PaymentsToAcquireHeldToMaturitySecurities`	$14.91M	USD	1 Quarter
Proceeds from maturities of investment securities	`PaymentsForProceedsFromInvestments`	$-5.20M	USD	1 Quarter
Proceeds from maturities of investment securities	`PaymentsForProceedsFromInvestments`	$-10.50M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.57M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.86M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$47.71M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payments of equity offering costs	`PaymentsForEquityOfferingCosts`	-	USD	1 Quarter
Payments of equity offering costs	`PaymentsForEquityOfferingCosts`	$1.76M	USD	1 Quarter
Repayments to Ramaco Coal, LLC	`RepaymentsOfRelatedPartyDebt`	$10.63M	USD	1 Quarter
Repayments to Ramaco Coal, LLC	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayments of financed insurance payable	`RepaymentsOfFinancedInsurancePayable`	$91.22K	USD	1 Quarter
Repayments of financed insurance payable	`RepaymentsOfFinancedInsurancePayable`	$220.29K	USD	1 Quarter
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	$6.00M	USD	1 Quarter
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$257.44K	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payment of note payable	`RepaymentsOfNotesPayable`	$500.00K	USD	1 Quarter
Payment of distributions	`PaymentsOfCapitalDistribution`	$3.91M	USD	1 Quarter
Payment of distributions	`PaymentsOfCapitalDistribution`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.52M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.83M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.77M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.39M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.97M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$56.88K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$81.09K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$5.79M	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$3.17M	USD	1 Quarter
Financed insurance	`LiabilitiesAssumed1`	$788.92K	USD	1 Quarter
Financed insurance	`LiabilitiesAssumed1`	-	USD	1 Quarter
Additional asset retirement obligations acquired or incurred	`AssetRetirementObligationLiabilitiesIncurredOrAssumed`	$193.22K	USD	1 Quarter
Additional asset retirement obligations acquired or incurred	`AssetRetirementObligationLiabilitiesIncurredOrAssumed`	$88.42K	USD	1 Quarter
Accretion Series A preferred units	`PartnersCapitalAccountAccretionOfPreferredUnits`	$123.83K	USD	1 Quarter
Accretion Series A preferred units	`PartnersCapitalAccountAccretionOfPreferredUnits`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.