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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 687,172 $ 744,307
Accounts receivable 691,895 2,458,730
Accounts receivable- related party 137,000 174,083
Prepaid expenses 81,484 74,876
Marketable securities 1,239,565 495,826
Inventories 184,882 44,632
Other assets 1,639,084 1,118,188
Total current assets 4,661,082 5,110,642
Other investments 4,000 4,000
Notes receivable 220,088 213,168
Property and equipment, net 28,348,642 24,299,317
Right of use assets- operating leases 1,283,378 1,534,870
License agreements, net 1,560,703 1,651,324
Intellectual property, net 21,481,049 23,437,654
Goodwill 14,984,768 14,984,768
Total assets 72,543,710 71,235,743
Current liabilities:    
Accounts payable and accrued expenses 19,635,178 16,578,642
Accounts payable and accrued expenses- related parties 778,559 1,933,817
Accrued compensation 1,046,481 1,968,063
Operating lease liabilities, current 177,249 435,906
Finance lease liabilities, current 717,828 963,900
Loans and notes payable, current 3,236,529 2,477,970
Loans and notes payable, current- related parties 21,538,331 15,626,168
Total current liabilities 47,130,154 39,984,466
Operating lease liabilities, long term 1,199,082 1,193,915
Finance lease liabilities, long term 1,734,193 1,852,178
Loans and notes payable, long term 355,812 856,034
Loans and notes payable, long term- related parties 5,590,008
Long-term debt (working interest royalty programs) 5,264,818 4,433,630
Deferred tax liability 120,076 88,323
Total liabilities 55,804,135 53,998,554
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized; 33,638,273 and 26,220,508 were issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 33,638 26,221
Additional paid-in capital 89,576,500 83,097,553
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (72,791,791) (65,908,406)
Total Vivakor, Inc. stockholders’ equity 16,798,347 17,195,368
Noncontrolling interest (58,772) 41,821
Total stockholders’ equity 16,739,575 17,237,189
Total liabilities and stockholders’ equity $ 72,543,710 $ 71,235,743