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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 744,307 $ 3,101,186
Cash and cash equivalents attributed to variable interest entity 81,607
Accounts receivable 2,458,730 2,615,354
Accounts receivable- related party 174,083 948,352
Prepaid expenses 74,876 31,523
Marketable securities 495,826 1,652,754
Inventories 44,632 47,180
Other assets 1,118,188 700,298
Total current assets 5,110,642 9,178,254
Other investments 4,000 4,000
Notes receivable 213,168
Property and equipment, net 24,299,317 22,578,876
Right of use assets- operating leases 1,534,870 1,880,056
License agreements, net 1,651,324 1,772,153
Intangible assets, net 23,437,654 28,251,053
Goodwill 14,984,768 12,678,108
Total assets 71,235,743 76,342,500
Current liabilities:    
Accounts payable and accrued expenses 16,578,642 3,242,667
Accounts payable and accrued expenses- related parties 1,933,817 4,142,978
Accrued compensation 1,968,063 1,302,890
Operating lease liabilities, current 435,906 471,991
Finance lease liabilities, current 963,900 963,900
Loans and notes payable, current 2,477,970 542,374
Loans and notes payable, current- related parties 15,626,168 342,830
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 599,500
Long-term debt (working interest royalty programs), current 9,363
Total current liabilities 39,984,466 12,943,493
Operating lease liabilities, long term 1,193,915 1,457,483
Finance lease liabilities, long term 1,852,178 2,298,960
Loans and notes payable, long term 856,034 406,246
Loans and notes payable, long term- related parties 5,590,008 28,277,704
Long-term debt (working interest royalty programs) 4,433,630 3,897,553
Deferred tax liability 88,323
Total liabilities 53,998,554 49,281,439
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000,000 and 41,666,667 shares authorized; 26,220,508 and 18,064,838 were issued and outstanding as December 31, 2023 and 2022, respectively 26,221 18,065
Additional paid-in capital 83,097,553 74,026,163
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (65,908,406) (55,169,781)
Total Vivakor, Inc. stockholders’ equity 17,195,368 18,854,447
Noncontrolling interest 41,821 8,206,614
Total stockholders’ equity 17,237,189 27,061,061
Total liabilities and stockholders’ equity $ 71,235,743 $ 76,342,500