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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 94,970 $ 744,307
Accounts receivable, net 3,372,685 2,458,730
Accounts receivable- related party 106,000 174,083
Prepaid expenses 180,385 74,876
Marketable securities 413,188 495,826
Inventories 75,167 44,632
Other assets 1,511,254 1,118,188
Total current assets 5,753,649 5,110,642
Other investments 4,000 4,000
Notes receivable 217,781 213,168
Property and equipment, net 27,641,821 24,299,317
Right of use assets- operating leases 1,353,507 1,534,870
License agreements, net 1,590,910 1,651,324
Intellectual property, net 22,133,251 23,437,654
Goodwill 14,984,768 14,984,768
Total assets 73,679,687 71,235,743
Current liabilities:    
Accounts payable and accrued expenses 18,307,013 16,578,642
Accounts payable and accrued expenses- related parties 3,242,052 1,933,817
Accrued compensation 834,448 1,968,063
Operating lease liabilities, current 153,985 435,906
Finance lease liabilities, current 481,950 963,900
Loans and notes payable, current 3,960,231 2,477,970
Loans and notes payable, current- related parties 16,740,820 15,626,168
Total current liabilities 43,720,499 39,984,466
Operating lease liabilities, long term 1,291,488 1,193,915
Finance lease liabilities, long term 2,096,882 1,852,178
Loans and notes payable, long term 879,645 856,034
Loans and notes payable, long term- related parties 5,590,008 5,590,008
Long-term debt (working interest royalty programs) 4,947,524 4,433,630
Deferred tax liability 120,076 88,323
Total liabilities 58,646,122 53,998,554
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized; 29,135,547 and 26,220,508 were issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 29,136 26,221
Additional paid-in capital 86,134,795 83,097,553
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (71,103,639) (65,908,406)
Total Vivakor, Inc. stockholders’ equity 15,040,292 17,195,368
Noncontrolling interest (6,727) 41,821
Total stockholders’ equity 15,033,565 17,237,189
Total liabilities and stockholders’ equity $ 73,679,687 $ 71,235,743