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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,524,956 $ 1,293,767
Cash and cash equivalents attributed to variable interest entity 322,268 199,952
Accounts Receivable, less allowances of $33,000 and $33,000, respectively 845 845
Marketable securities 3,470,784 2,231,218
Inventories 222,000 192,000
Precious metal concentrate 1,166,709 1,166,709
Other assets 75,663 73,245
Total current assets 11,783,225 5,157,736
Other investments 4,000 4,000
Notes receivable 1,190,614 1,194,235
Property and equipment, net 25,383,533 24,692,111
Rights of use assets- operating leases 795,107 663,291
License agreement, net 2,328,274 2,370,835
Intellectual property, net 13,332,270 13,662,037
Total assets 54,817,023 47,744,245
Current liabilities:    
Accounts payable and accrued expenses 2,155,372 2,023,985
Operating lease liabilities, current 270,452 287,769
Loans and notes payable, current 806,109 1,511,447
Loans and notes payable, current attributed to variable interest entity 1,852,540 3,416,379
Long-term debt, current 5,198 3,256
Total current liabilities 5,089,671 7,242,836
Operating lease liabilities, long term 581,039 434,109
Loans and notes payable, long term 834,951 1,185,970
Long-term debt 6,619,293 6,171,298
Deferred income tax liabilities 5,156,899 5,156,899
Total liabilities 18,281,853 20,191,112
Stockholders' equity:    
Convertible, preferred stock, $.001 par value; 3,400,000 shares authorized;(1) Series A- 66,667 issued and outstanding(1) 0 67
Common stock, $.001 par value; 41,666,667 shares authorized; 15,038,619 and 12,330,859 were issued and outstanding as of March 31, 2022 and December 31, 2021(1) 15,039 12,331
Additional paid-in capital 66,200,971 58,279,590
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (36,332,242) (35,731,359)
Total Vivakor, Inc. stockholders' equity 29,863,768 22,540,629
Noncontrolling interest 6,671,402 5,012,504
Total stockholders' equity 36,535,170 27,553,133
Total liabilities and stockholders’ equity $ 54,817,023 $ 47,744,245