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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 765,366 $ 651,022
Cash- restricted 4,023,417 3,025,970
Accounts receivable 12,933,776 1,626,994
Accounts receivable- related party 4,508,232 4,599,094
Prepaid expenses 3,859,479 1,204,790
Marketable securities 2,313,855 661,101
Inventories 132,324 205,529
Total current assets 28,536,449 11,974,500
Other assets 3,473,483 3,608,067
Notes receivable 245,020 242,714
Property and equipment, net 92,661,561 100,039,371
Right of use assets- operating leases 4,449,272 4,920,454
Intellectual property, net 8,142,220 8,348,703
Customer relationships, net 41,813,052 43,021,022
Goodwill 68,885,853 68,885,853
Total assets 248,206,910 241,040,684
Current liabilities:    
Accounts payable and accrued expenses 43,629,485 29,601,665
Accounts payable and accrued expenses- related parties 2,416,728 831,984
Accrued compensation 1,373,536 1,249,099
Unearned revenue 9,107,297 9,107,297
Operating lease liabilities, current 2,611,259 2,636,151
Finance lease liabilities, current 4,063,363 4,267,396
Loans and notes payable, current 42,640,002 42,423,941
Loans and notes payable, current- related parties 21,570,295 21,810,164
Total current liabilities 127,561,760 111,927,697
Operating lease liabilities, long term 1,564,735 2,190,351
Finance lease liabilities, long term 4,359,961 5,135,601
Loans and notes payable, long term 5,948,617 6,514,010
Deferred tax liability 154,381 154,381
Total liabilities 139,439,659 125,922,040
Stockholders’ equity:    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 107,789 and none outstanding as of March 31, 2025 and December 31, 2024 108 108
Common stock, $0.001 par value; 200,000,000 shares authorized; 45,003,523 and 41,709,190 were issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 45,003 41,709
Additional paid-in capital 210,935,247 208,167,537
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (98,067,305) (88,951,426)
Total Vivakor, Inc. stockholders’ equity 112,893,053 119,237,928
Noncontrolling interest (4,125,802) (4,119,284)
Total stockholders’ equity 108,767,251 115,118,644
Total liabilities and stockholders’ equity $ 248,206,910 $ 241,040,684