Exhibit 99.7

VIVAKOR, INC., ENDEAVOR CRUDE, LLC, MERIDIAN LEASING EQUIPMENT, LLC,

EQUIPMENT TRANSPORT, LLC AND SILVER FUELS PROCESSING, LLC

Unaudited Pro Forma Consolidated Balance Sheets

December 31, 2023

	Vivakor, Inc.*			Endeavor Entities**		Silver Fuels Processing, LLC		Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	744,307		$	1,164,555	$	5,990	$	-		$	1,914,852
Cash and cash equivalents, restricted		-			1,262,525		-		-			1,262,525
Accounts receivable		2,458,730			11,786,096		33,287		(204,329	)(f)		14,073,784
Accounts receivable-related party		174,083			139,134		30,750		-			343,967
Prepaid expenses		74,876			546,655		63,309		-			684,840
Marketable securities		495,826			-		-		-			495,826
Inventories		44,632			46,784		-		-			91,416
Other assets		1,118,188			2,953,305		-		-			4,071,493
Total current assets		5,110,642			17,899,054		133,336		(204,329	)		22,938,703

Other investments		4,000			-		-		-			4,000
Other assets		-			871,655		2,992		-			874,647
Notes receivable		213,168			-		-		-			213,168
Property and equipment, net		24,299,317			65,895,192		1,157,113		-			91,351,622
Right of use assets-operating leases		1,534,870			5,657,160		-		-			7,192,030
License agreements, net		1,651,324			-		-		-			1,651,324
Intellectual property, net		23,437,654			-		-		11,552,563	(c)(d)		34,990,217
Goodwill		14,984,768			-		-		22,327,689	(b)		37,312,457
Total assets	$	71,235,743		$	90,323,061	$	1,293,441	$	33,675,923		$	196,528,168

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	16,578,642		$	5,987,368	$	297,128	$	(22,922	)(f)	$	22,840,216
Accounts payable and accrued expenses-related parties		1,933,817			447,638		28,679		-			2,410,134
Accrued compensation		1,968,063			699,224		-		-			2,667,287
Operating lease liabilities, current		435,906			2,486,740		-		-			2,922,646
Finance lease liabilities, current		963,900			6,200,710		-		-			7,164,610
Line of credit		-			5,575,005				-			5,575,005
Loans and notes payable, current		2,477,970			17,241,350		-		-			19,719,320
Loans and notes payable, current-related parties		15,626,168			1,182,193		-		-			16,808,361
Total current liabilities		39,984,466			39,820,228		325,807		(22,922	)		80,107,579

Operating lease liabilities, long term		1,193,915			3,164,086		-		-			4,358,001
Finance lease liabilities, long term		1,852,178			8,773,041		-		-			10,625,219
Loans and notes payable, long term		856,034			11,922,733		-		-			12,778,767
Loans and notes payable, long term-related parties		5,590,008			1,182,193		-		-			6,772,201
Long-term debt (working interest royalty programs)		4,433,630			-		-		-			4,433,630
Deferred tax liability		88,323			-		-		-			88,323
Total liabilities		53,998,554			64,862,281		325,807		(22,922	)		119,163,720

Stockholders’ equity:
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 54,955 outstanding		-			-		-		55	(a)		55
Common stock, $0.001 par value; 200,000,000 and 41,666,667 shares authorized; 36,242,029 and 18,064,838 were issued and outstanding as December 31, 2023 and 2022, respectively		26,221			-		-		10,021	(a)(e)		36,242
Additional paid-in capital		83,097,553			-		-		64,966,543	(a)(e)		148,064,096
Treasury stock, at cost		(20,000	)		-		-		-			(20,000	)
Accumulated deficit		(65,908,406	)		25,460,780		967,634		(31,277,774	)(b)(d)(e)(f)		(70,757,766	)
Total Vivakor, Inc. stockholders’ equity		17,195,368			25,460,780		967,634		33,698,845			77,322,627
Noncontrolling interest		41,821			-		-		-			41,821
Total stockholders’ equity		17,237,189			25,460,780		967,634		33,698,845			77,364,448
Total liabilities and stockholders’ equity	$	71,235,743		$	90,323,061	$	1,293,441	$	33,675,923		$	196,528,168

Notes

*	Includes Vivakor, Inc. and all of its active wholly and majority-owned subsidiaries and any consolidated variable interest entities as reported in its Form 10-K for the year ended December 31, 2023.
**	Includes Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, and active subsidiaries Equipment Transport, LLC and CPE Gathering Midcon, LLC.

(a)	To record the aggregate acquisition consideration, which is currently estimated to be approximately $61.6 million (subject to a full valuation report under our purchase price allocation to be completed by the Company by September 30, 2025) and is payable in shares of the Company’s common and preferred stock currently anticipated to consist of 6,724,219 shares of the Company's common stock and 54,955 shares of the Company’s Series A Preferred Stock.
(b)	To eliminate the capital structures of the acquired companies, and to record goodwill, and adjustments to the net assets with goodwill and such adjustments having been valued as of the actual date of close (October 1, 2024) with any variance due to the pro forma period of reporting being attributed to goodwill.
(c)	To allocate an estimated 20% of goodwill to intangible assets subject to a full valuation report to be completed by the Company by September 30, 2025.
(d)	To record amortization expense assuming a remaining useful life of 10 years on the intangible assets acquired if the acquisition had occurred on January 1, 2023. The life of the intangibles is an estimate subject to a full valuation report that will be completed by the Company by September 30, 2025.
(e)	To record the estimated dividends payable related to the cumulative 6% preferred stock to be issued as consideration if the acquisition had occurred on January 1, 2023.
(f)	To eliminate intercompany transactions between the acquired entities and Vivakor, Inc.*

VIVAKOR, INC., ENDEAVOR CRUDE, LLC, MERIDIAN LEASING EQUIPMENT, LLC,

EQUIPMENT TRANSPORT, LLC AND SILVER FUELS PROCESSING, LLC

Unaudited Pro Forma Consolidated Statement of Operations

For the Year Ended December 31, 2023

	Vivakor, Inc.*			Endeavor Entities**			Silver Fuels Processing, LLC			Adjustments			Consolidated
Revenues
Product revenue - third parties	$	46,252,141		$	-		$	-		$	-		$	46,252,141
Product revenue - related party		13,069,611			-			-			-			13,069,611
Services revenue - third parties		-			52,243,703			-			(658,182	)(c)		51,585,521
Services revenue - related party		-			265,486			630,000			-			895,486
Total revenues		59,321,752			52,509,189			630,000			(658,182	)		111,802,759
Cost of revenues		54,300,788			22,953,043			128,766			-			77,382,597
Gross profit		5,020,964			29,556,146			501,234			(658,182	)		34,420,161
Operating expenses:
Sales and marketing		3,070			-			-			-			3,070
General and administrative		7,416,810			16,910,628			265,264			(658,182	)(c)		23,934,519
Bad debt expense		-			39,197			-			-			39,197
Amortization and depreciation		3,932,744			7,820,817			252,147			1,370,651	(b)		13,376,359
Total operating expenses		11,352,624			24,770,642			517,411			712,469			37,353,146
Income (loss) from operations		(6,331,660	)		4,785,504			(16,177	)		(1,370,651	)		(2,932,984	)
Other income (expense):
Unrealized loss on marketable securities		(1,156,928	)		-			-			-			(1,156,928	)
Loss on disposition of asset		-			(48,630	)		-			-			(48,630	)
Gain on deconsolidation of variable interest entity		438,099			-			-			-			438,099
Gain on oil commodity hedging transactions		-			686,096			-			-			686,096
Interest income		14,953			70,696			-			-			85,649
Interest expense		(966,137	)		(2,338,911	)		-			-			(3,305,048	)
Interest expense-related parties		(3,058,940	)		-			-			-			(3,058,940	)
Other income		318,041			416,920			160,432			-			895,393
Total other income (expense)		(4,410,912	)		(1,213,829	)		160,432			-			(5,464,309	)
Income (loss) before provision for income taxes		(10,742,572	)		3,571,675			144,255			(1,370,651	)		(8,397,293	)
Provision for income taxes		(92,703	)		-			-			-			(92,703	)
Consolidated net income (loss)		(10,835,275	)		3,571,675			144,255			(1,370,651	)		(8,489,996	)
Less: Net loss attributable to noncontrolling interests		(96,650	)		-			-			-			(96,650	)
Net income (loss) attributable to Vivakor, Inc.	$	(10,738,625	)	$	3,571,675		$	144,255		$	(1,370,651	)	$	(8,393,346	)

Basic and diluted net loss per share	$	(0.56	)										$	(0.32	)

Basic weighted average common shares outstanding		19,261,143									10,021,521	(a)		26,583,845

Notes

*	Includes Vivakor, Inc. and all of its active wholly and majority-owned subsidiaries and any consolidated variable interest entities as reported in its Form 10-K for the year ended December 31, 2023.
**	Includes Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, and active subsidiaries Equipment Transport, LLC and CPE Gathering Midcon, LLC.

(a)	Reflects the issuance of 6,724,219 Vivakor, Inc. common shares at acquisition (as calculated on actual close date of October 1, 2024) and 3,297,302 common shares related to the 6% preferred stock dividend-PIK as if the acquisition had occurred on January 1, 2023.
(b)	To record amortization of intangible expense of $1,370,651 upon close of the acquisition as if the acquisition had occurred on January 1, 2023.
(c)	To eliminate intercompany transactions between Vivakor, Inc. and the acquired entities.

VIVAKOR, INC., ENDEAVOR CRUDE, LLC, MERIDIAN LEASING EQUIPMENT, LLC,

EQUIPMENT TRANSPORT, LLC AND SILVER FUELS PROCESSING, LLC

Unaudited Pro Forma Consolidated Balance Sheets June 30, 2024

	Vivakor, Inc.*			Endeavor Entities**		Silver Fuels Processing, LLC		Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	94,970		$	1,122,432	$	4,673	$	-		$	1,222,075
Cash and cash equivalents, restricted		-			2,630,164		-		-			2,630,164
Accounts receivable		3,372,685			19,976,647		-		(686,334	)(f)		22,662,998
Accounts receivable-related party		106,000			5,420,074		207,055		-			5,733,129
Prepaid expenses		180,385			3,193,156		169,627		-			3,543,168
Marketable securities		413,188			-		-		-			413,188
Inventories		75,167			134,810		-		-			209,977
Other assets		1,511,254			-		8,312		-			1,519,566
Total current assets		5,753,649			32,477,283		389,667		(686,334	)		37,934,265

Other investments		4,000			-		-		-			4,000
Other assets		-			1,194,614		12,992		-			1,207,606
Notes receivable		217,781			-		-		-			217,781
Property and equipment, net		27,641,821			61,738,454		986,566		-			90,366,841
Right of use assets-operating leases		1,353,507			4,424,081		-		-			5,777,588
License agreements, net		1,590,910			-		-		-			1,590,910
Intellectual property, net		22,133,251			1,476,652		-		10,622,549	(c)(d)		34,232,452
Goodwill		14,984,768			-		-		32,078,902	(b)		47,063,670
Total assets	$	73,679,687		$	101,311,084	$	1,389,225	$	42,015,117		$	218,395,113

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	18,307,013		$	14,026,873	$	1,093	$	(221,507	)(f)	$	32,113,471
Accounts payable and accrued expenses-related parties		3,242,052			2,285,588		-		-			5,527,640
Accrued compensation		834,448			621,706		-		-			1,456,154
Line of credit		-			13,409,798		-		-			13,409,798
Operating lease liabilities, current		153,985			1,240,870		-		-			1,394,855
Finance lease liabilities, current		481,950			3,195,725		-		-			3,677,675
Loans and notes payable, current		3,960,231			19,812,798		-		-			23,773,029
Loans and notes payable, current-related parties		16,740,820			3,569,988		318,468		-			20,629,276
Total current liabilities		43,720,499			58,163,346		319,561		(221, 507	)		101,981,899

Operating lease liabilities, long term		1,291,488			3,241,445		-		-			4,532,933
Finance lease liabilities, long term		2,096,882			9,705,171		-		-			11,802,053
Loans and notes payable, long term		879,645			12,978,246		-		-			13,857,891
Loans and notes payable, long term-related parties		5,590,008			-		-		-			5,590,008
Long-term debt (working interest royalty programs)		4,947,524			-		-		-			4,947,524
Deferred tax liability		120,076			-		-		-			120,076
Total liabilities		58,646,122			84,088,208		319,561		(221,507	)		142,832,384

Stockholders’ equity:
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 54,955 outstanding		-			-		-		55	(a)		55
Common stock, $0.001 par value; 200,000,000 shares authorized; 37,508,017 and 26,220,508 were issued and outstanding as of June 30, 2024 and December 31, 2023, respectively		29,136			-		-		8,373	(a)(e)		37,509
Additional paid-in capital		86,134,795			-		-		63,319,540	(a)(e)		149,454,335
Treasury stock, at cost		(20,000	)		-		-		-			(20,000	)
Accumulated deficit		(71,103,639	)		17,222,876		1,069,664		(21,091,344	)(b)(d)(e)(f)		(73,902,443	)
Total Vivakor, Inc. stockholders’ equity		15,040,292			17,222,876		1,069,664		42,236,625			75,569,457
Noncontrolling interest		(6,727	)		-		-		-			(6,727	)
Total stockholders’ equity		15,033,565			17,222,876		1,069,664		42,236,625			75,562,730
Total liabilities and stockholders’ equity	$	73,679,687		$	101,311,084	$	1,389,225	$	42,015,117		$	218,395,113

Notes

*	Includes Vivakor, Inc. and all of its active wholly and majority-owned subsidiaries and any consolidated variable interest entities as reported in its Form 10-Q for the six months ended June 30, 2024.
**	Includes Endeavor Crude, LLC, Equipment Transport, LLC, and Meridian Equipment Leasing, LLC, and active subsidiary CPE Gathering Midcon, LLC.

(a)	To record the aggregate acquisition consideration, which is currently estimated to be approximately $61.6 million (subject to a full valuation report under our purchase price allocation to be completed by the Company by September 30, 2025) and is payable in shares of the Company’s common and preferred stock currently anticipated to consist of 6,724,219 shares of the Company's common stock and 54,955 shares of the Company’s Series A Preferred Stock.
(b)	To eliminate the capital structures of the acquired companies, and to record goodwill, and adjustments to the net assets with goodwill and such adjustments having been valued as of the actual date of close (October 1, 2024) with any variance due to the pro forma period of reporting being attributed to goodwill.
(c)	To allocate an estimated 20% of goodwill to intangible assets subject to a full valuation report to be completed by the Company by September 30, 2025.
(d)	To record amortization expense assuming a remaining useful life of 9 years on the intangible assets acquired if the acquisition had occurred on January 1, 2024. The life of the intangibles is an estimate subject to a full valuation report that will be completed by the Company within by September 30, 2025.
(e)	To record the estimated dividends payable related to the cumulative 6% preferred stock to be issued as consideration if the acquisition had occurred on January 1, 2024.
(f)	To eliminate intercompany transactions between the acquired entities and Vivakor, Inc.*

VIVAKOR, INC., ENDEAVOR CRUDE, LLC, MERIDIAN LEASING EQUIPMENT, LLC,

EQUIPMENT TRANSPORT, LLC AND SILVER FUELS PROCESSING, LLC

Unaudited Pro Forma Consolidated Statement of Operations

For the Six Months Ended June 30, 2024

	Vivakor, Inc.*			Endeavor Entities**			Silver Fuels Processing, LLC		Adjustments			Consolidated
Revenues
Product revenue - third parties	$	26,223,680		$	-		$	-	$	-		$	26,223,680
Product revenue - related party		5,978,833			-			-		-			5,978,833
Services revenue - third parties		-			41,491,414			379,500		(444,560	)(c)		41,426,354
Services revenue - related party		-			5,347,008			58,360		-			5,405,368
Total revenues		32,202,513			46,838,422			437,860		(444,560	)		79,034,235
Cost of revenues		30,023,562			10,196,478			67,387		-			40,287,427
Gross profit		2,178,951			36,641,944			370,473		(444,560	)		38,746,808
Operating expenses:
Sales and marketing		11,668			-			-		-			11,668
General and administrative		4,639,146			27,591,588			176,325		(444,560	)(c)		31,962,499
Amortization and depreciation		1,997,473			7,890,989			164,118		685,326	(b)		10,737,906
Total operating expenses		6,648,287			35,482,577			340,443		240,766			42,712,073
Income (loss) from operations		(4,469,336	)		1,159,367			30,030		(685,326	)		(3,965,265	)
Other income (expense):													0
Unrealized loss on marketable securities		(82,638	)		-			-		-			(82,638	)
Loss on disposition of asset		-			(18,630	)		-		-			(18,630	)
Gain deconsolidation of subsidiary		177,550			-			-		-			177,550
Interest income		4,613			35,500			-		-			40,113
Interest expense		(923,987	)		(3,825,511	)		-		-			(4,749,498	)
Other income		84,000			58,932			-		-			142,932
Total other income (expense)		(740,462	)		(3,749,709	)		-		-			(4,490,171	)
Income (loss) before provision for income taxes		(5,209,798	)		(2,590,342	)		30,030		(685,326	)		(8,455,436	)
Provision for income taxes		(33,983	)		-			-		-			(33,983	)
Consolidated net income (loss)		(5,243,781	)		(2,590,342	)		30,030		(685,326	)		(8,489,419	)
Less: Net loss attributable to noncontrolling interests		(48,548	)		-			-		-			(48,548	)
Net income (loss) attributable to Vivakor, Inc.	$	(5,292,329	)	$	(2,590,342	)	$	30,030	$	(685,326	)	$	(8,537,967	)

Basic and diluted net loss per share	$	(0.19	)									$	(0.25	)

Basic weighted average common shares outstanding		27,189,918								8,372,870	(a)		34,312,712

Notes

*	Includes Vivakor, Inc. and all of its active wholly and majority-owned subsidiaries and any consolidated variable interest entities as reported in its Form 10-Q for the six months ended June 30, 2024.
**	Includes Endeavor Crude, LLC, Equipment Transport, LLC, and Meridian Equipment Leasing, LLC, and active subsidiary CPE Gathering Midcon, LLC.

(a)	Reflects the issuance of 6,724,219 Vivakor, Inc. common shares at acquisition (as calculated on actual close date of October 1, 2024) and 1,648,651 common shares related to the 6% preferred stock dividend-PIK as if the acquisition had occurred on January 1, 2024.
(b)	To record amortization of intangible expense of $685,326 upon close of the acquisition as if the acquisition had occurred on January 1, 2024.
(c)	To eliminate intercompany transactions between Vivakor, Inc. and the acquired entities

VIVAKOR, INC., ENDEAVOR CRUDE, LLC, MERIDIAN LEASING EQUIPMENT, LLC,

EQUIPMENT TRANSPORT, LLC AND SILVER FUELS PROCESSING, LLC

Unaudited Pro Forma Consolidated Balance Sheets September 30, 2024

	Vivakor, Inc.*			Endeavor Entities**		Silver Fuels Processing, LLC		Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	687,172		$	710,366	$	1,699	$	-		$	1,399,237
Cash and cash equivalents, restricted		-			3,258,649		-		-			3,258,649
Accounts receivable		691,895			10,318,678		-		(607,957	)(f)		10,402,617
Accounts receivable-related party		137,000			871,797		20,712		-			1,029,509
Prepaid expenses		81,484			3,232,191		108,889		-			3,422,564
Marketable securities		1,239,565			-		-		-			1,239,565
Inventories		184,882			126,298		-		-			311,180
Other assets		1,639,084			-		1,013		-			1,640,097
Total current assets		4,661,082			18,517,979		132,313		(607,957	)		22,703,417

Other investments		4,000			-		-		-			4,000
Other assets		-			1,149,824		12,992		-			1,162,816
Notes receivable		220,088			-		-		-			220,088
Property and equipment, net		28,348,642			58,813,934		902,680		-			88,065,256
Right of use assets-operating leases		1,283,378			3,899,499		-		-			5,182,877
License agreements, net		1,560,703			-		-		-			1,560,703
Intellectual property, net		21,481,049			738,326		-		10,965,212	(c)(d)		33,184,587
Goodwill		14,984,768			-		-		40,221,894	(b)		55,206,662
Total assets	$	72,543,710		$	83,119,562	$	1,047,985	$	50,579,149		$	207,290,406

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	19,635,178		$	9,540,065	$	36,009	$	(225,548	)(f)	$	28,985,703
Accounts payable and accrued expenses-related parties		778,559			1,389,267		282,481		-			2,450,307
Accrued compensation		1,046,481			682,877		-		-			1,729,358
Operating lease liabilities, current		177,249			617,935		-		-			795,184
Finance lease liabilities, current		717,828			1,693,233		-		-			2,411,061
Loans and notes payable, current		3,236,529			22,131,967		-		-			25,368,496
Loans and notes payable, current-related parties		21,538,331			2,690,208		-		-			24,228,539
Line of credit		-			10,835,696		-		-			10,835,696
Total current liabilities		47,130,154			49,581,248		318,490		(225,548	)		96,804,344

Operating lease liabilities, long term		1,199,082			3,281,564		-		-			4,480,646
Finance lease liabilities, long term		1,734,193			10,121,022		-		-			11,855,215
Loans and notes payable, long term		355,812			11,743,663		-		-			12,099,475
Long-term debt (working interest royalty programs)		5,264,818			-		-		-			5,264,818
Deferred tax liability		120,076			-		-		-			120,076
Total liabilities		55,804,135			74,727,497		318,490		(225,548	)		130,624,574

Stockholders’ equity:
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 54,955 outstanding		-			-		-		55	(a)		55
Common stock, $0.001 par value; 200,000,000 shares authorized; 42,835,540 and 26,220,508 were issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		33,638			-		-		9,197	(a)(e)		42,835
Additional paid-in capital		89,576,500			-		-		64,143,041	(a)(e)		153,719,541
Treasury stock, at cost		(20,000	)		-		-		-			(20,000	)
Accumulated deficit		(72,791,791	)		8,392,065		729,495		(13,347,597	)(b)(d)(e)(f)		(77,017,828	)
Total Vivakor, Inc. stockholders’ equity		16,798,347			8,392,065		729,495		50,804,697			76,724,604
Noncontrolling interest		(58,772	)		-		-		-			(58,772	)
Total stockholders’ equity		16,739,575			8,392,065		729,495		50,804,697			76,665,832
Total liabilities and stockholders’ equity	$	72,543,710		$	83,119,562	$	1,047,985	$	50,579,149		$	207,290,406

Notes
*	Includes Vivakor, Inc. and all of its active wholly and majority-owned subsidiaries and any consolidated variable interest entities as reported in its Form 10-Q for the nine months ended September 30, 2024.
**	Includes Endeavor Crude, LLC, Equipment Transport, LLC, and Meridian Equipment Leasing, LLC, and active subsidiary CPE Gathering Midcon, LLC.

(a)	To record the aggregate acquisition consideration, which is currently estimated to be approximately $61.6 million (subject to a full valuation report under our purchase price allocation to be completed by the Company by September 30, 2025) and is payable in shares of the Company’s common and preferred stock currently anticipated to consist of 6,724,219 shares of the Company's common stock and 54,955 shares of the Company’s Series A Preferred Stock.
(b)	To eliminate the capital structures of the acquired companies, and to record goodwill, and adjustments to the net assets with goodwill and such adjustments having been valued as of the actual date of close (October 1, 2024) with any variance due to the pro forma period of reporting being attributed to goodwill.
(c)	To allocate an estimated 20% of goodwill to intangible assets subject to a full valuation report to be completed by the Company by September 30, 2025.
(d)	To record amortization expense assuming a remaining useful life of 9 years on the intangible assets acquired if the acquisition had occurred on January 1, 2024. The life of the intangibles is an estimate subject to a full valuation report that will be completed by the Company by September 30, 2025.
(e)	To record the estimated dividends payable related to the cumulative 6% preferred stock to be issued as consideration if the acquisition had occurred on January 1, 2024.
(f)	To eliminate intercompany transactions between the acquired entities and Vivakor, Inc.*

VIVAKOR, INC., ENDEAVOR CRUDE, LLC, MERIDIAN LEASING EQUIPMENT, LLC,

EQUIPMENT TRANSPORT, LLC AND SILVER FUELS PROCESSING, LLC

Unaudited Pro Forma Consolidated Statement of Operations

For the Nine Months Ended September 30, 2024

	Vivakor, Inc.*			Endeavor Entities**			Silver Fuels Processing, LLC		Adjustments			Consolidated
Revenues
Product revenue - third parties	$	30,999,451		$	-		$	-	$	-		$	30,999,451
Product revenue - related party		17,119,485			-			-		-			17,119,485
Services revenue - third parties		-			68,568,366			569,250		(607,449	)(c)		68,530,167
Services revenue - related party		-			2,107,086			81,884					2,188,970
Total revenues		48,118,936			70,675,452			651,134		(607,449	)		118,838,073
Cost of revenues		44,213,635			33,226,531			60,977		-			77,501,143
Gross profit		3,905,301			37,448,921			590,157		(607,449	)		41,336,930
Operating expenses:
Sales and marketing		18,318			-			-		-			18,318
General and administrative		7,252,540			23,714,693			221,795		(607,449	)(c)		30,581,579
Amortization and depreciation		3,062,416			11,552,335			180,218		1,027,989	(b)		15,822,958
Total operating expenses		10,333,274			35,267,028			402,013		420,539			46,422,854
Income (loss) from operations		(6,427,973	)		2,181,893			188,144		(1,027,989	)		(5,085,925	)
Other income (expense):
Unrealized gain on marketable securities		743,739			-			-		-			743,739
Loss on disposition of asset		-			(18,630	)		-		-			(18,630	)
Gain deconsolidation of subsidiary		177,550			-			-		-			177,550
Interest income		6,920			65,595			-		-			72,515
Credit losses		-			(106,725	)		-		-			(106,725	)
Interest expense		(1,565,231	)		(6,727,054	)		-		-			(8,292,285	)
Interest expense-related parties		-			-			-		-			-
Other income		115,000			59,351			33,750		-			208,101
Total other income (expense)		(522,022	)		(6,727,463	)		33,750		-			(7,215,735	)
Income (loss) before provision for income taxes		(6,949,995	)		(4,545,570	)		221,894		(1,027,989	)		(12,301,660	)
Provision for income taxes		(33,983	)		-			-		-			(33,983	)
Consolidated net income (loss)		(6,983,978	)		(4,545,570	)		221,894		(1,027,989	)		(12,335,643	)
Less: Net loss attributable to noncontrolling interests		(100,593	)		-			-		-			(100,593	)
Net income (loss) attributable to Vivakor, Inc.	$	(6,883,385	)	$	(4,545,570	)	$	221,894	$	(1,027,989	)	$	(12,235,050	)

Basic and diluted net loss per share	$	(0.24	)									$	(0.34	)

Basic weighted average common shares outstanding		28,282,472								9,197,195	(a)		35,844,608

Notes

*	Includes Vivakor, Inc. and all of its active wholly and majority-owned subsidiaries and any consolidated variable interest entities as reported in its Form 10-Q for the nine months ended September 30, 2024.
**	Includes Endeavor Crude, LLC, Equipment Transport, LLC, and Meridian Equipment Leasing, LLC, and active subsidiary CPE Gathering Midcon, LLC.

(a)	Reflects the issuance of 6,724,219 Vivakor, Inc. common shares at acquisition (as calculated on actual close date of October 1, 2024) and 2,472,976 common shares related to the 6% preferred stock dividend-PIK as if the acquisition had occurred on January 1, 2024.
(b)	To record amortization of intangible expense of $770,991 upon close of the acquisition as if the acquisition had occurred on January 1, 2024.
(c)	To eliminate intercompany transactions between Vivakor, Inc. and the acquired entities