Vivakor, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Vivakor, Inc. has filed its 2023 annual report (10-K) detailing financial performance and corporate structure.</b>

AI Summary

Vivakor, Inc. (VIVK) filed a Annual Report (10-K) with the SEC on April 17, 2024. Vivakor, Inc. filed its 2023 Form 10-K on April 17, 2024, reporting on its fiscal year ended December 31, 2023. The company is incorporated in Nevada and operates in the Refuse Systems industry (SIC 4953). Its principal business address is located at 5220 Spring Valley Rd., Suite LL20, Dallas, TX 75254. The filing includes financial data for the fiscal years 2023 and 2022. Key financial statement items such as common stock, additional paid-in capital, retained earnings, and treasury stock are detailed as of December 31, 2023, and 2022.

Why It Matters

For investors and stakeholders tracking Vivakor, Inc., this filing contains several important signals. This filing provides investors with a comprehensive overview of Vivakor's financial health and operational status for the fiscal year 2023, enabling informed investment decisions. The detailed financial data and risk factors disclosed in the 10-K are crucial for understanding the company's performance, potential challenges, and future outlook.

Risk Assessment

Risk Level: medium — Vivakor, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of financial and operational information. Specific risks are not detailed in the provided header information, necessitating a review of the full document for a precise risk assessment.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion and analysis, and risk factors to assess Vivakor's performance and outlook.

Key Numbers

• 2023 — Fiscal Year End (Fiscal year for which the 10-K report is filed)
• 2022 — Prior Fiscal Year (Previous fiscal year for comparative financial data)
• 103 — Public Document Count (Number of documents included in the filing)
• 2024-04-17 — Filing Date (Date the 10-K was filed with the SEC)

Key Players & Entities

• Vivakor, Inc. (company) — Filer and subject of the report
• 0001829126-24-002582 (other) — Accession number for the filing
• 20231231 (date) — Conformed period of report
• 20240417 (date) — Filed as of date
• NV (other) — State of incorporation
• 75254 (other) — ZIP code for business address
• 4953 (other) — Standard Industrial Classification code for Refuse Systems
• 001-41286 (other) — SEC file number

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period for the 2023 10-K
• 2024-04-17: Filing Date — Date the 10-K was officially submitted to the SEC

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value VIVK The Nasdaq Stock Mar
• $1.13 — ,090,112 based on the closing price of $1.13 per share of the registrant's common st
• $3,000,000 — e "Lender"), in the principal amount of $3,000,000 (the "Principal Amount"), in relation t
• $250,000 — y installment payments of interest plus $250,000, which must be made on or before May 5,
• $70,000 — rity Date). The Company paid a finder $70,000 in relation to obtaining the loan and i
• $0.00001 — res of Empire's common stock, par value $0.00001 per share (the "Empire Common Stock"),
• $1.00 — (the "Parent Common Stock"), valued at $1.00 per share of Parent Common Stock for an
• $67,200,000 — n Stock for an aggregate value equal to $67,200,000. 1 Representations and Warranties; C
• $2,500,000 — Empire is required to have a minimum of $2,500,000 of unrestricted net cash on its books (
• $500,000 — ity for any indemnification payments at $500,000 (the "Parent Cap"). Section 8.04(b) o

Filing Documents

• vivakor_10k.htm (10-K) — 2645KB
• vivakor_ex4-1.htm (EX-4.1) — 11KB
• vivakor_ex10-56.htm (EX-10.56) — 44KB
• vivakor_ex21-1.htm (EX-21.1) — 7KB
• vivakor_ex31-1.htm (EX-31.1) — 12KB
• vivakor_ex31-2.htm (EX-31.2) — 12KB
• vivakor_ex32-1.htm (EX-32.1) — 6KB
• vivakor_ex32-2.htm (EX-32.2) — 6KB
• img_001.jpg (GRAPHIC) — 12KB
• 0001829126-24-002582.txt (&nbsp;) — 11509KB
• vivk-20231231.xsd (EX-101.SCH) — 90KB
• vivk-20231231_cal.xml (EX-101.CAL) — 90KB
• vivk-20231231_def.xml (EX-101.DEF) — 361KB
• vivk-20231231_lab.xml (EX-101.LAB) — 558KB
• vivk-20231231_pre.xml (EX-101.PRE) — 513KB
• vivakor_10k_htm.xml (XML) — 1891KB

Business

Business 1 Item1A. Risk Factors 15 Item 1B. Unresolved Staff Comments 28 Item 1C. Cybersecurity 29 Item 2.

Properties

Properties 29 Item 3. Legal Proceedings 29 Item 4. Mine Safety Disclosures 29 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30 Item 6. [Reserved] Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 37 Item 8. Financial 37 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 37 Item 9A. Controls and Procedures 37 Item 9B. Other Information 38 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 38 PART III Item 10. Directors, Executive Officers and Corporate Governance 39 Item 11. Executive Compensation 44 Item 12. Security 48 Item 13. Certain Relationships and Related Transactions, and Director Independence 50 Item 14. Principal Accounting Fees and Services 52 PART IV Item 15. Exhibits and Financial Statement Schedules 53

Signatures

Signatures 57 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements that present our current expectations or forecasts of future events. These statements do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and opportunity, anticipated trends in our market and our anticipated needs for working capital. They are generally identifiable by use of the words "may," "will," "should," "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" or the negative of these words or other variations on these words or comparable terminology. These statements may be found under the sections entitled "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business," as well as in this Annual Report on Form 10-K generally. In particular, these include statements relating to future actions, prospective products, market acceptance, future performance or results of current and anticipated products, sales efforts, expenses, and the outcome of contingencies such as legal proceedings and financial results. Examples of forward-looking statements in this Annual Report on Form 10-K include, but are not limited to, our expectations regarding our business strategy, business prospects, operating results, operating expenses, working capital, liquidity and capital expenditure requirements. Important assumptions relating to the forward-looking statements include, among others, assumptions regarding demand for our products and services, the cost, terms and availability of components, pricing levels, the timing and cost of capital expenditures, competitive conditions and general economic condit

View Full Filing

View this 10-K filing on SEC EDGAR