XML 48 R33.htm IDEA: XBRL DOCUMENT v3.23.1
Business Combination (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
     
Common stock  $4,287,655 
Note payable to seller   28,664,284 
Fair value of total consideration paid  $32,951,939 
      
Net assets acquired and liabilities assumed     
      
Assets acquired in business combination     
Current assets  $6,573,359 
Finance lease right-of-use assets (property, plant and equipment)   3,579,544 
Property, plant and equipment, net   705,110 
Other assets   546,834 
Contract-based intangible assets   19,095,420 
Total assets acquired  $30,500,265 
      
Liabilities assumed in business combination     
Current liabilities  $(7,489,639)
Long term liabilities   (2,736,795)
Total liabilities acquired  $(10,226,434)
      
Total net assets acquired  $20,273,831 
      
Goodwill  $12,678,108 
Schedule of proforma information
          
   (Unaudited) 
   Years ended
December 31,		 
   2022   2021 
Total net sales  $64,009,714   $34,361,233 
Loss from operations   21,659,746    7,429,978 
Net loss (attributable to Vivakor, Inc.)  $23,944,546   $8,085,238 
           
Basic and diluted loss per share   (1.35)   (0.54)
Weighted average shares outstanding   17,733,117    14,985,668