American Clean Resources Group, Inc. (ACRG) Form 10-Q — May 20, 2026
American Clean Resources Group reported a net loss of $422,348 for the three months ended March 31, 2026, with cash on hand dwindling to just $1,544. The company disclosed substantial doubt about its ability to continue as a going concern, stating that its continuation is contingent upon obtaining additional financing and generating revenue. The filer remains heavily dependent on its controlling shareholder, Granite Peak Resources, which provided $272,114 in new debt proceeds during the quarter.
Key figures
- Total Debt
- 4851651
- Cash Position
- 1544
- Shares Outstanding
- 14101318
- Accumulated deficit
- 115896647
- Launchit note principal
- 105000
- Related party debt interest
- 2742
- Related party debt principal
- 272114
- Launchit default interest fees
- 9272
- Series a liquidation preference
- 10000000
Price after filing
Close on the filing date to close N calendar days later (from $4.00). Historical, not a forecast.
AI analysis
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