XML 21 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Total revenues $ 15,544,872
Cost of revenues 14,031,714
Gross profit 1,513,158
Operating expenses:    
Sales and marketing 589 191,339
General and administrative 1,852,921 1,312,807
Amortization and depreciation 784,520 375,218
Total operating expenses 2,638,030 1,879,364
Loss from operations (1,124,872) (1,879,364)
Other income (expense):    
Unrealized gain (loss) on marketable securities (495,826) 1,239,566
Interest income 6,378
Interest expense (451,294) (87,802)
Interest expense- related parties (754,375) (4,163)
Other income 10,000 150
Total other income (expense) (1,691,495) 1,154,129
Loss before provision for income taxes (2,816,367) (725,235)
Provision for income taxes (800) (800)
Consolidated net loss (2,817,167) (726,035)
Less: Net loss attributable to noncontrolling interests (282,575) (125,152)
Net loss attributable to Vivakor, Inc. $ (2,534,592) $ (600,883)
Basic net loss per share [1] $ (0.14) $ (0.04)
Diluted net loss per share [1] $ (0.14) $ (0.04)
Basic weighted average common shares outstanding [1] 18,064,838 13,730,159
Product Revenue Third Parties [Member]    
Revenues    
Total revenues $ 11,194,467
Product Revenue Related Party [Member]    
Revenues    
Total revenues $ 4,350,405
[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.