v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 413,751 $ 651,022
Cash- restricted 3,251,405 3,025,970
Accounts receivable, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024, respectively 18,320,492 1,626,994
Accounts receivable- related party 5,215,320 4,599,094
Prepaid expenses 2,788,615 1,204,790
Marketable securities 516,486 661,101
Inventories 132,324 205,529
Total current assets 30,638,393 11,974,500
Other assets 3,830,260 3,608,067
Notes receivable 289,485 242,714
Property and equipment, net 88,524,047 100,039,371
Right of use assets- operating leases 3,835,328 4,920,454
Intellectual property, net 7,935,737 8,348,703
Customer relationships, net 40,600,310 43,021,022
Goodwill 68,885,853 68,885,853
Total assets 244,539,413 241,040,684
Current liabilities:    
Accounts payable and accrued expenses 47,813,636 29,601,665
Accounts payable and accrued expenses- related parties 2,290,362 831,984
Accrued compensation 1,292,147 1,249,099
Unearned revenue 9,107,297 9,107,297
Operating lease liabilities, current 1,941,178 2,636,151
Finance lease liabilities, current 3,626,851 4,267,396
Loans and notes payable, current 48,530,043 42,423,941
Loans and notes payable, current- related parties 21,828,233 21,810,164
Total current liabilities 136,429,747 111,927,697
Operating lease liabilities, long term 1,656,594 2,190,351
Finance lease liabilities, long term 4,554,101 5,135,601
Loans and notes payable, long term 3,701,406 6,514,010
Deferred tax liability 154,381 154,381
Total liabilities 146,496,229 125,922,040
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 107,789 outstanding as of June 30, 2025 and December 31, 2024 108 108
Common stock, $0.001 par value; 200,000,000 shares authorized; 48,826,000 and 41,709,190 were issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 48,826 41,709
Additional paid-in capital 214,200,147 208,167,537
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (112,060,095) (88,951,426)
Total Vivakor, Inc. stockholders’ equity (deficit) 102,168,986 119,237,928
Noncontrolling interest (4,125,802) (4,119,284)
Total stockholders’ equity (deficit) 98,043,184 115,118,644
Total liabilities and stockholders’ equity (deficit) $ 244,539,413 $ 241,040,684