v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 265,019 $ 651,022
Cash - restricted 1,830,877 3,025,970
Accounts receivable, net of allowance for credit losses of $0 at December 31, 2025 and December 31, 2024, respectively 3,525,138 1,626,994
Accounts receivable - related party 1,439,228 4,599,094
Prepaid expenses 832,766 1,204,790
Marketable securities 247,913 661,101
Inventories 82,425 205,529
Total current assets 8,223,366 11,974,500
Other assets 491,221 3,608,067
Notes receivable 279,560 242,714
Property and equipment, net 58,297,200 100,039,371
Right of use assets - operating leases 494,755 4,920,454
Intellectual property, net 7,522,772 8,348,703
Customer relationships, net 38,184,057 43,021,022
Goodwill 68,885,853
Total assets 113,492,931 241,040,684
Current liabilities:    
Accounts payable and accrued expenses 13,976,431 34,339,161
Accounts payable and accrued expenses - related parties 1,832,625 831,984
Accrued compensation 41 1,249,099
Unearned revenue 9,107,297 9,107,297
Operating lease liabilities, current 272,469 2,636,151
Finance lease liabilities, current 9,101,852 4,267,396
Loans and notes payable, current 7,443,434 38,963,796
Loans and notes payable, current - related parties 3,616,401 22,108,339
Derivative liabilities 9,062,320
Other liabilities 7,103,109
Total current liabilities 61,515,979 113,503,223
Operating lease liabilities, long term 222,285 2,190,351
Finance lease liabilities, long term 5,135,601
Loans and notes payable, long term 7,864,226 4,938,484
Loans and notes payable, long term - related parties 6,701,887
Deferred tax liability (0) 154,381
Total liabilities 76,304,377 125,922,040
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 96,731 and 107,789 outstanding as of December 31, 2025 and December 31, 2024 97 108
Common stock, $0.001 par value; 500,000,000 shares authorized; 2,013,106 and 208,546 were issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 402,625 41,709
Additional paid-in capital 245,199,730 208,167,537
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (204,269,519) (88,951,426)
Total Vivakor, Inc. stockholders’ equity (deficit) 41,312,933 119,237,928
Noncontrolling interest (4,124,379) (4,119,284)
Total stockholders’ equity (deficit) 37,188,554 115,118,644
Total liabilities and stockholders’ equity (deficit) $ 113,492,931 $ 241,040,684