v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Total revenues $ 104,418,809 $ 89,811,240
Cost of revenues 66,672,658 79,592,036
Gross profit 37,746,151 10,219,204
Operating expenses:    
Sales and marketing 8,220 15,268
General and administrative 43,014,172 12,206,031
Impairment expense 40,569,772 8,632,773
Amortization and depreciation 17,981,914 11,360,425
Total operating expenses 101,574,078 32,214,497
Gain (loss) from operations (63,827,927) (21,995,293)
Other income (expense):    
Unrealized gain (loss) on marketable securities (413,188) 165,275
Gain (loss) on disposition of assets (1,219,913) 57,200
Gain on deconsolidation of subsidiary 177,550
Loss on conversion of debt (17,403,367)
Interest income 73,474 60,364
Interest expense (26,668,529) (4,695,234)
Interest expense - related parties (444,333) (121,458)
Other income (loss) (216,151) 127,540
Total other income (expense) (46,292,007) (4,228,763)
Loss before provision for income taxes (110,119,934) (26,224,056)
Provision for income taxes (117,004) (126,869)
Consolidated net loss (110,236,938) (26,350,925)
Less: Net loss attributable to noncontrolling interests (5,095) (4,161,105)
Net loss attributable to Vivakor, Inc. (110,231,843) (22,189,820)
Series A Preferred Stockholder Dividends 5,086,250 853,200
Net loss to common shareholders $ (115,318,093) $ (23,043,020)
Basic net loss per share $ (318.01) $ (151.32)
Diluted net loss per share $ (318.01) $ (151.32)
Basic weighted average common shares outstanding 362,628 152,285
Diluted weighted average common shares outstanding 362,628 152,285
Revenues [Member]    
Revenues    
Total revenues $ 84,193,403 $ 58,612,151
Revenues Related Party [Member]    
Revenues    
Total revenues $ 20,225,406 $ 31,199,089