v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,455 $ 265,019
Cash - restricted 70,596 1,830,877
Accounts receivable, net of allowance for credit losses of $1,507,983 and $0 at March 31, 2026 and December 31, 2025, respectively 2,204,857 3,525,138
Accounts receivable - related party 5,951,509 1,439,228
Prepaid expenses 656,923 832,766
Marketable securities 236,535 247,913
Inventories 82,425 82,425
Total current assets 9,207,300 8,223,366
Other assets 446,263 491,221
Notes receivable 278,230 279,560
Property and equipment, net 57,140,830 58,297,200
Right of use assets - operating leases 406,308 494,755
Intellectual property, net 7,316,290 7,522,772
Customer relationships, net 36,995,452 38,184,057
Total assets 111,790,673 113,492,931
Current liabilities:    
Accounts payable and accrued expenses 15,654,500 13,976,431
Accounts payable and accrued expenses - related parties 3,414,046 1,832,625
Accrued compensation 237 41
Unearned revenue 9,107,297 9,107,297
Operating lease liabilities, current 247,868 272,469
Finance lease liabilities, current 9,363,205 9,101,852
Loans and notes payable, current 8,293,922 7,443,434
Loans and notes payable, current - related parties 2,544,797 3,616,401
Derivative liabilities 9,062,320 9,062,320
Other liabilities 5,272,272 7,103,109
Total current liabilities 62,960,464 61,515,979
Operating lease liabilities, long term 158,440 222,285
Loans and notes payable, long term 8,698,880 7,864,226
Loans and notes payable, long term - related parties 6,329,560 6,701,887
Total liabilities 78,147,344 76,304,377
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 96,731 outstanding as of March 31, 2026 and December 31, 2025 97 97
Common stock, $0.001 par value; 500,000,000 shares authorized; 3,850,101 and 2,013,107 were issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 3,850 2,013
Additional paid-in capital 248,828,991 245,600,342
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (211,045,231) (204,269,519)
Total Vivakor, Inc. stockholders’ equity (deficit) 37,767,707 41,312,933
Noncontrolling interest (4,124,379) (4,124,379)
Total stockholders’ equity (deficit) 33,643,328 37,188,554
Total liabilities and stockholders’ equity (deficit) $ 111,790,673 $ 113,492,931