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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 16,181,122 $ 13,590,638 $ 32,202,513 $ 29,135,510
Cost of revenues 15,070,308 12,375,874 30,023,562 26,407,588
Gross profit 1,110,814 1,214,764 2,178,951 2,727,922
Operating expenses:        
Sales and marketing 628 628 11,668 1,217
General and administrative 2,974,180 1,384,203 4,639,146 3,237,124
Amortization and depreciation 988,420 667,867 1,997,473 1,452,387
Total operating expenses 3,963,228 2,052,698 6,648,287 4,690,728
Loss from operations (2,852,414) (837,934) (4,469,336) (1,962,806)
Other income (expense):        
Unrealized gain (loss) on marketable securities 165,275 (82,638) (330,551)
Gain deconsolidation of subsidiary 177,550
Interest income 2,306 4,613
Interest expense (479,947) (459,079) (923,987) (910,373)
Interest expense- related parties (804,409) (1,558,784)
Other income 30,000 14,116 84,000 24,116
Total other income (expense) (447,641) (1,084,097) (740,462) (2,775,592)
Loss before provision for income taxes (3,300,055) (1,922,031) (5,209,798) (4,738,398)
Provision for income taxes (33,183) (33,983) (800)
Consolidated net loss (3,333,238) (1,922,031) (5,243,781) (4,739,198)
Less: Net loss attributable to noncontrolling interests (20,240) (77,358) (48,548) (359,933)
Net loss attributable to Vivakor, Inc. $ (3,312,998) $ (1,844,673) $ (5,195,233) $ (4,379,265)
Basic net loss per share $ (0.12) $ (0.10) $ (0.19) $ (0.24)
Diluted net loss per share $ (0.12) $ (0.10) $ (0.19) $ (0.24)
Basic weighted average common shares outstanding 27,987,899 18,064,838 27,189,918 18,064,838
Product revenue - third parties [Member]        
Revenues        
Total revenues $ 13,310,515 $ 11,570,742 $ 26,223,680 $ 22,765,208
Product revenue - related party [Member]        
Revenues        
Total revenues $ 2,870,607 $ 2,019,896 $ 5,978,833 $ 6,370,302