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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 15,916,423 $ 16,313,406 $ 48,118,936 $ 45,448,916
Cost of revenues 14,190,073 14,766,494 44,213,635 41,174,082
Gross profit 1,726,350 1,546,912 3,905,301 4,274,834
Operating expenses:        
Sales and marketing 6,650 1,240 18,318 2,457
General and administrative 2,613,394 1,473,728 7,252,540 4,710,852
Amortization and depreciation 1,064,943 817,058 3,062,416 2,269,445
Total operating expenses 3,684,987 2,292,026 10,333,274 6,982,754
Loss from operations (1,958,367) (745,114) (6,427,973) (2,707,920)
Other income (expense):        
Unrealized gain (loss) on marketable securities 826,377 (661,101) 743,739 (991,652)
Gain deconsolidation of subsidiary 177,550
Interest income 2,307 6,920
Interest expense (641,244) (516,357) (1,565,231) (1,426,730)
Interest expense- related parties (828,739) (2,387,523)
Other income 31,000 99,420 115,000 123,536
Total other income (expense) 218,440 (1,906,777) (522,022) (4,682,369)
Loss before provision for income taxes (1,740,197) (2,651,891) (6,949,995) (7,390,289)
Provision for income taxes (33,983) (800)
Consolidated net loss (1,740,197) (2,651,891) (6,983,978) (7,391,089)
Less: Net loss attributable to noncontrolling interests (52,045) (134,517) (100,593) (494,450)
Net loss attributable to Vivakor, Inc. $ (1,688,152) $ (2,517,374) $ (6,883,385) $ (6,896,639)
Basic net loss per share $ (0.06) $ (0.14) $ (0.24) $ (0.38)
Diluted net loss per share $ (0.06) $ (0.14) $ (0.24) $ (0.38)
Basic weighted average common shares outstanding 30,625,756 18,120,344 28,282,472 18,083,543
Diluted weighted average common shares outstanding 30,625,756 18,120,344 28,282,472 18,083,543
Product revenue - third parties [Member]        
Revenues        
Total revenues $ 4,775,771 $ 12,849,613 $ 30,999,451 $ 35,614,821
Product revenue - related party [Member]        
Revenues        
Total revenues $ 11,140,652 $ 3,463,793 $ 17,119,485 $ 9,834,095