v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 256,853 $ 265,019
Cash - restricted 2,896 1,830,877
Accounts receivable, net of allowance for credit losses of $1,246,467 and $0 at June 30, 2026 and Dec 31, 2025, respectively 2,007,247 3,525,138
Accounts receivable - related party 10,680,036 1,439,228
Prepaid expenses 591,645 832,766
Marketable securities 583,406 247,913
Inventories 82,425 82,425
Total current assets 14,204,508 8,223,366
Other assets 821,264 491,221
Notes receivable 294,333 279,560
Property and equipment, net 55,984,734 58,297,200
Right of use assets - operating leases 191,769 494,755
Intellectual property, net 7,109,807 7,522,772
Customer relationships, net 35,806,846 38,184,057
Total assets 114,413,261 113,492,931
Current liabilities:    
Accounts payable and accrued expenses 16,211,378 13,976,431
Accounts payable and accrued expenses - related parties 1,528,694 1,832,625
Accrued compensation 485 41
Unearned revenue 9,107,297 9,107,297
Operating lease liabilities, current 191,769 272,469
Finance lease liabilities, current 9,549,265 9,101,852
Loans and notes payable, current 21,747,676 7,443,434
Loans and notes payable, current - related parties 2,568,617 3,616,401
Derivative liabilities 6,404,425 9,062,320
Other liabilities 5,201,776 7,103,109
Total current liabilities 72,511,382 61,515,979
Operating lease liabilities, long term (0) 222,285
Loans and notes payable, long term 103,151 7,864,226
Loans and notes payable, long term - related parties 5,166,764 6,701,887
Total liabilities 77,781,297 76,304,377
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 96,731 outstanding as of June 30, 2026 and December 31, 2025 97 97
Common stock, $0.001 par value; 500,000,000 shares authorized; 511,000 and 100,000 were issued and outstanding as of June 30, 2026 and Dec 31, 2025, respectively 511 100
Additional paid-in capital 256,096,053 245,602,255
Treasury stock, at cost (20,000) (20,000)
Accumulated deficit (215,320,318) (204,269,519)
Total Vivakor, Inc. stockholders’ equity 40,756,343 41,312,933
Noncontrolling interest (4,124,379) (4,124,379)
Total stockholders’ equity 36,631,964 37,188,554
Total liabilities and stockholders’ equity $ 114,413,261 $ 113,492,931