XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,373,926 $ 1,293,767
Cash and cash equivalents attributed to variable interest entity 147,865 199,952
Accounts Receivable, less allowances of none and $33,000, respectively 5,524,133 845
Prepaid expenses 67,463 0
Marketable securities 2,892,319 2,231,218
Inventories 253,609 192,000
Precious metal concentrate 1,166,709 1,166,709
Other assets 784,998 73,245
Total current assets 15,211,022 5,157,736
Other investments 4,000 4,000
Notes receivable 1,156,526 1,194,235
Property and equipment, net 31,545,826 24,692,111
Rights of use assets- operating leases 648,201 663,291
License agreement, net 2,255,610 2,370,835
Intellectual property, net 37,422,454 13,662,037
Goodwill 6,562,028 0
Total assets 94,805,667 47,744,245
Current liabilities:    
Accounts payable and accrued expenses 9,473,001 2,023,985
Operating lease liabilities, current 364,103 287,769
Finance lease liabilities, current 652,440 0
Loans and notes payable, current 971,441 1,511,447
Loans and notes payable, current attributed to variable interest entity 2,597,709 3,416,379
Long-term debt (working interest royalty programs), current 9,363 3,256
Total current liabilities 14,068,057 7,242,836
Operating lease liabilities, long term 338,532 434,109
Finance lease liabilities, long term 3,222,920 0
Loans and notes payable, long term 29,376,628 1,185,970
Long-term debt (working interest royalty programs) 4,968,740 6,171,298
Deferred income tax liabilities 5,156,899 5,156,899
Total liabilities 57,131,776 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; 18,064,838 and 12,330,859 were issued and outstanding as of September 30, 2022 and December 31, 2021(1) 18,065 12,331
Additional paid-in capital 73,304,687 58,279,590
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (42,817,572) (35,731,359)
Total Vivakor, Inc. stockholders' equity 30,485,180 22,540,629
Noncontrolling interest 7,188,711 5,012,504
Total stockholders' equity 37,673,891 27,553,133
Total liabilities and stockholders’ equity $ 94,805,667 $ 47,744,245