v3.25.2

Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 719	$ 36,405
Prepaid expenses	10,000	6,774
Total current assets	10,719	43,179
Mineral rights	3,883,524	3,883,524
Intangible asset, net		4,908,719
Total assets	3,894,243	8,835,422
Liabilities and stockholders’ deficit
Accounts payable	1,528,366	1,194,663
Accrued interest	2,077,700	1,726,210
Total current liabilities	4,251,369	3,298,286
Commitments and contingencies (Note 8)
Stockholders’ deficit:
Common stock, $0.001 par value, 500,000,000 shares authorized: 13,912,236 and 13,907,436 issued and outstanding as of December 31, 2024 and 2023, respectively	13,912	13,908
Additional paid-in capital	103,182,899	103,144,615
Accumulated deficit	(113,553,937)	(107,621,387)
Total stockholders’ deficit	(10,357,126)	(4,462,864)
Total liabilities and stockholders’ deficit	3,894,243	8,835,422
Series A Preferred Stock
Liabilities and stockholders’ deficit
Preferred stock, 50,000,000 shares authorized Series A, $.001 par value, 10,000,000 shares issued and outstanding as of December 31, 2024 and 2023	10,000,000	10,000,000
Related Party
Liabilities and stockholders’ deficit
Convertible promissory notes, related party	425,588	156,302
Accounts payable – related party	190,858	219,962
Accrued interest - related party	$ 28,857	$ 1,149

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

American Clean Resources Group, Inc. 10-K