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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 651,022 $ 744,307
Cash- restricted 3,025,970
Accounts receivable 1,626,994 2,458,730
Accounts receivable- related party 4,599,094 174,083
Prepaid expenses 1,204,790 74,876
Marketable securities 661,101 495,826
Inventories 205,529 44,632
Other assets, current 1,118,188
Total current assets 11,974,500 5,110,642
Other assets 3,608,067 4,000
Notes receivable 242,714 213,168
Property and equipment, net 100,039,371 24,299,317
Right of use assets- operating leases 4,920,454 1,534,870
License agreements, net 1,651,324
Intellectual property, net 8,348,703 9,174,633
Customer relationships, net 43,021,022 14,263,021
Goodwill 68,885,853 14,984,768
Total assets 241,040,684 71,235,743
Current liabilities:    
Accounts payable and accrued expenses 34,339,161 7,471,345
Accounts payable and accrued expenses- related parties 831,984 1,933,817
Accrued compensation 1,249,099 1,968,063
Unearned revenue 9,107,297 9,107,297
Operating lease liabilities, current 2,636,151 435,906
Finance lease liabilities, current 4,267,396 963,900
Loans and notes payable, current 38,963,796 2,477,970
Loans and notes payable, current- related parties 22,108,339 15,626,168
Total current liabilities 113,503,223 39,984,466
Operating lease liabilities, long term 2,190,351 1,193,915
Finance lease liabilities, long term 5,135,601 1,852,178
Loans and notes payable, long term 4,938,484 856,034
Loans and notes payable, long term- related parties 5,590,008
Long-term debt (working interest royalty programs) 4,433,630
Deferred tax liability 154,381 88,323
Total liabilities 125,922,040 53,998,554
Stockholders’ equity:    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 107,789 and none outstanding as of December 31, 2024 and 2023 108
Common stock, $0.001 par value; 200,000,000 shares authorized; 41,709,190 and 26,220,508 were issued and outstanding as of December 31, 2024 and 2023, respectively 41,709 26,221
Additional paid-in capital 208,167,537 83,097,553
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (88,951,426) (65,908,406)
Total Vivakor, Inc. stockholders’ equity 119,237,928 17,195,368
Noncontrolling interest (4,119,284) 41,821
Total stockholders’ equity 115,118,644 17,237,189
Total liabilities and stockholders’ equity $ 241,040,684 $ 71,235,743