Business Combination and Divestiture of Wholly Owned Subsidiaries (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
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| Schedule of recognized identified assets acquired and liabilities assumed |
| Schedule of recognized identified assets acquired and liabilities assumed |
|
|
|
|
| Common stock |
|
$ |
10,422,651 |
|
| Series A preferred stock |
|
|
105,897,817 |
|
| Fair value of total consideration paid |
|
$ |
116,320,468 |
|
| |
|
|
|
|
| Net assets acquired and liabilities assumed |
|
|
|
|
| |
|
|
|
|
| Assets acquired in business combination |
|
|
|
|
| Current assets |
|
$ |
16,269,087 |
|
| Operating lease right-of-use assets |
|
|
4,470,405 |
|
| Property, plant and equipment, net (includes finance lease right of use assets, net) |
|
|
87,706,385 |
|
| Other assets |
|
|
1,205,887 |
|
| Contract-based intangible assets |
|
|
31,304,400 |
|
| Total assets acquired |
|
$ |
140,956,163 |
|
| |
|
|
|
|
| Liabilities assumed in business combination |
|
|
|
|
| Current liabilities |
|
$ |
51,370,473 |
|
| Long term liabilities |
|
|
27,166,307 |
|
| Total liabilities acquired |
|
$ |
78,536,780 |
|
| |
|
|
|
|
| Total net assets acquired |
|
$ |
62,419,383 |
|
| |
|
|
|
|
| Goodwill |
|
$ |
53,901,085 |
|
|
| Schedule of proforma information |
| Schedule of proforma information |
|
|
|
|
| |
|
(Unaudited) |
|
| |
|
Years ended
December 31, |
|
| |
|
2024 |
|
| Total net sales |
|
$ |
161,137,826 |
|
| Loss from operations |
|
|
(28,649,669 |
) |
| Net loss (attributable to Vivakor, Inc.) |
|
$ |
(35,571,659 |
) |
| |
|
|
|
|
| Series A Preferred Stockholder Dividends |
|
$ |
6,353,869 |
|
| Net loss to common shareholders |
|
$ |
(41,925,528 |
) |
| |
|
|
|
|
| Basic and diluted loss per share |
|
|
(194.79 |
) |
| Weighted
average shares outstanding - Basic and diluted |
|
|
215,233 |
|
|
| Schedule of businesses consisted |
| Schedule of businesses consisted |
|
|
|
|
| Net consideration received: |
|
|
|
|
| Return of 11,058 shares of the Company’s Series A Preferred Stock |
|
$ |
10,814,449 |
|
| |
|
|
|
|
| Less: assets transferred |
|
|
|
|
| Cash |
|
|
(746,059 |
) |
| Accounts receivable |
|
|
(2,713,866 |
) |
| Prepaid expenses |
|
|
(20,172 |
) |
| Inventories |
|
|
(21,547 |
) |
| Property and equipment, net |
|
|
(28,232,430 |
) |
| Right of use assets - operating leases |
|
|
(1,977,356 |
) |
| Other assets |
|
|
(5,160,272 |
) |
| Goodwill |
|
|
(28,316,081 |
) |
| Plus: liabilities transferred |
|
|
|
|
| Accounts payable and accrued expenses |
|
|
17,459,222 |
|
| Operating lease liabilities |
|
|
1,639,601 |
|
| Finance lease liabilities |
|
|
6,401,565 |
|
| Loans and notes payable |
|
|
40,199,687 |
|
| Total net assets transferred |
|
|
(1,669,708 |
) |
| |
|
|
|
|
| Excess of consideration received over net assets transferred, recorded to additional paid in capital |
|
$ |
9,326,741 |
|
|