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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,101,186 $ 1,293,767
Cash and cash equivalents attributed to variable interest entity 81,607 199,952
Accounts receivable, less allowances of none and $33,000, respectively 3,563,706 845
Prepaid expenses 31,523
Marketable securities 1,652,754 2,231,218
Inventories 47,180 192,000
Precious metal concentrate 1,166,709
Other assets 700,298 73,245
Total current assets 9,178,254 5,157,736
Other investments 4,000 4,000
Notes receivable, less allowances of $1,162,007 and none 1,194,235
Property and equipment, net 22,578,876 24,692,111
Rights of use assets- operating leases 1,880,056 663,291
License agreements, net 1,772,153 2,370,835
Intellectual property, net 28,251,053 13,662,037
Goodwill 12,678,108
Total assets 76,342,500 47,744,245
Current liabilities:    
Accounts payable and accrued expenses 8,688,535 2,023,985
Operating lease liabilities, current 471,991 287,769
Finance lease liabilities, current 963,900
Loans and notes payable, current 885,204 1,511,447
Loans and notes payable, current attributed to variable interest entity 1,924,500 3,416,379
Long-term debt (working interest royalty programs), current 9,363 3,256
Total current liabilities 12,943,493 7,242,836
Operating lease liabilities, long term 1,457,483 434,109
Finance lease liabilities, long term 2,298,960
Loans and notes payable, long term 28,683,950 1,185,970
Long-term debt (working interest royalty programs) 3,897,553 6,171,298
Deferred income tax liabilities 5,156,899
Total liabilities 49,281,439 20,191,112
Stockholders’ equity:    
Convertible, preferred stock, $.001 par value; 3,400,000 shares authorized; Series A- 66,667 issued and outstanding [1] (0) 67
Common stock, $0.001 par value; 41,666,667 shares authorized; 18,064,838 and 12,330,859 were issued and outstanding as December 31, 2022 and 2021, respectively(1) 18,065 12,331
Additional paid-in capital 74,026,163 58,279,590
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (55,169,781) (35,731,359)
Total Vivakor, Inc. stockholders’ equity 18,854,447 22,540,629
Noncontrolling interest 8,206,614 5,012,504
Total stockholders’ equity 27,061,061 27,553,133 [2]
Total liabilities and stockholders’ equity $ 76,342,500 $ 47,744,245
[1] Share and per share amounts have been retroactively adjusted to reflect the one-for-thirty reverse stock split effective February 14, 2022. See Note 1 – Organization and Basis of Presentation for additional information.
[2] Share and per share amounts have been retroactively adjusted to reflect the one-for-thirty reverse stock split effective February 14, 2022. See Note 1 – Organization and Basis of Presentation for additional information.