XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,018,039 $ 3,101,186
Cash and cash equivalents attributed to variable interest entity 181,058 81,607
Accounts receivable 3,831,930 2,615,354
Accounts receivable- related party 174,083 948,352
Prepaid expenses 67,345 31,523
Marketable securities 661,102 1,652,754
Inventories 63,680 47,180
Other assets 1,049,241 700,298
Total current assets 7,046,478 9,178,254
Other investments 4,000 4,000
Property and equipment, net 26,691,972 22,578,876
Right of use assets- operating leases 1,622,770 1,880,056
License agreements, net 1,675,406 1,772,153
Intellectual property, net 24,089,856 28,251,053
Goodwill 14,984,768 12,678,108
Total assets 76,115,250 76,342,500
Current liabilities:    
Accounts payable and accrued expenses 6,093,010 3,242,667
Accounts payable and accrued expenses- related parties 3,799,730 4,142,978
Accrued compensation 1,246,579 1,302,890
Operating lease liabilities, current 535,960 471,991
Finance lease liabilities, current 963,900 963,900
Loans and notes payable, current 529,366 542,374
Loans and notes payable, current- related parties 12,554,172 342,830
Loans and notes payable, current attributed to variable interest entity 1,325,000
Loans and notes payable, current attributed to variable interest entity- related parties 300,000 599,500
Long-term debt (working interest royalty programs), current 7,902 9,363
Total current liabilities 26,030,619 12,943,493
Operating lease liabilities, long term 1,181,389 1,457,483
Finance lease liabilities, long term 1,998,967 2,298,960
Loans and notes payable, long term 1,867,721 406,246
Loans and notes payable, long term- related parties 15,330,729 27,977,704
Loans and notes payable attributed to variable interest entity- related party 1,351,845 300,000
Long-term debt (working interest royalty programs) 4,451,587 3,897,553
Total liabilities 52,212,857 49,281,439
Stockholders’ equity:    
Common stock, $0.001 par value; 41,666,667 shares authorized; 18,219,582 and 18,064,838 were issued and outstanding as September 30, 2023 and December 31, 2022, respectively 18,220 18,065
Additional paid-in capital 75,973,993 74,026,163
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (62,066,420) (55,169,781)
Total Vivakor, Inc. stockholders’ equity 13,905,793 18,854,447
Noncontrolling interest 9,996,600 8,206,614
Total stockholders’ equity 23,902,393 27,061,061
Total liabilities and stockholders’ equity $ 76,115,250 $ 76,342,500