12 unchanged sentences
Revenues for the year ended December 31, 2021 were $7,755,306 and 2020 were $1,059,691, respectively.
−Removed: The primary drivers for revenue decline was reduction in demand for coal because of Covid-19.
+Added: The primary drivers for revenue increase was additional demand for coal since Covid-19.
+Added: Trends which led to revenue growth were the re-opening of our mines after Covid-19 lock down and demand for our coal and the products that it is used in.
+Added: To meet specific demand and customer requests, Perry County and Carnegie 1 were re-opened.
+Added: These two mines were re-opened before others because they offered the desired quality of our customers while focusing on the steel and specialty markets.
+Added: Contribution of revenues:
+Added: Year ended 2021
For the year ended 2021, tons sold to steel making end users amounted to 60,512 with a realized sales price of $75.39.
+Added: For the year ended 2021, tons sold to industrial and specialty end users amounted to 28,333,408 with a realized sales price of $112.46.For the year ended 2021, 87% of coal sales revenue was contributed by Perry County and 13% of coal sales revenue was contributed by McCoy.
+Added: The reason for the difference in sales contribution is that Perry County commenced operations post Covid-19 lockdown before McCoy did.
+Added: Year ended 2020
For the year ended 2020, tons sold to steel making end users amounted to 6,569 with a realized sales price of $59.09.
For the year ended 2020, tons sold to industrial and utility end users amounted to 1,099.98 with a realized sales price of $58.24.
−Removed: For the year ended 2019, tons sold to industrial and utility end users amounted to 146,537 with a realized sales price of $61.60.
+Added: For the year ended 2020, 88% of coal sales revenue was contributed by McCoy and 12% of coal sales revenue was contributed by Perry.
+Added: The reason for the difference in sales contribution is that Perry County shut down first due to Covid-19 lockdown.
Total Operating Expenses for the year ended December 31, 2021 were $36,088,714 and 2020 were $17,507,056, respectively.
−Removed: The primary driver for the decrease in operating expenses was closing production in the mines due to a loss of demand from Covid-19.
+Added: The primary driver for the increase in operating expenses was restarting production in the mines due to an increase of demand since Covid-19.
+Added: Trends which led to higher expenses are inflation in labor and consumable goods.
+Added: To meet specific demand and customer requests, Perry County and Carnegie 1 were re-opened with updated mine plans and more efficient long term operating structure.
+Added: This re-working included one time development costs for expanding and increasing efficient capacity at the operating locations.
Total Other Income/(Expenses) for the period ended December 31, 2021 were $(232,994) and 2020 were $20,537, respectively.
6 unchanged sentences
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates, among other things, the realization of assets and satisfaction of liabilities in the ordinary course of business.
+Added: The Company will use a combination of cash proceeds from operations, conversation of common stock warrants, issuance of common stock for cash or for debt conversion and issuance of new debt instruments to satisfy both short term and long term obligations, including the settlement of payables and debt that are in default of their original agreements.
We are not aware of any trends or known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in material increases or decreases in liquidity.
Business Effect of Covid-19.
−Removed: During 2020, the worldwide COVID-19 outbreak has resulted in muted demand for infrastructure and steel products and their necessary inputs including Metallurgical coal.
+Added: During 2021 and 2020, the worldwide COVID-19 outbreak has resulted in muted demand for infrastructure and steel products and their necessary inputs including Metallurgical coal.
These recent developments are expected to result in lower sales and gross margins.
34 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.