Quarterly report pursuant to sections 13 or 15(d)

BASIS OF PRESENTATION

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BASIS OF PRESENTATION
9 Months Ended
Sep. 30, 2012
BASIS OF PRESENTATION [Abstract]  
BASIS OF PRESENTATION
1.
BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's 2011 Annual Report on Form 10-K.  In the opinion of the management of Arabian American Development Company (the "Company"), these statements include all adjustments, which are of a normal recurring nature, necessary to present a fair statement of the Company's financial position at September 30, 2012, and the results of operations and cash flows for the three and nine months ended September 30, 2012, and 2011.  Unless the context requires otherwise, references to "we," "us," "our," and the "Company" are intended to mean consolidated Arabian American Development Company and its subsidiaries.

Operating results for the three and nine months ended September 30, 2012, are not necessarily indicative of results for the year ending December 31, 2012.

We operate in one segment and all revenue originates from United States' sources and all long-lived assets owned are located in the United States.

The Company also owns a 37% interest in Al Masane Al Kobra Mining Company ("AMAK"), a Saudi Arabian closed joint stock company which owns and is developing mining assets in Saudi Arabia.  The Company accounts for its investment under the cost method of accounting.  Under the cost method, earnings will be recognized only to the extent of distributions received.