Vivakor, Inc. Files 10-Q for Q2 2025
Ticker: VIVK · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 1450704
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: VIVK
TL;DR
Vivakor filed its Q2 2025 10-Q. Check financials.
AI Summary
Vivakor, Inc. filed its 10-Q for the period ending June 30, 2025. The company, incorporated in Nevada and operating in Refuse Systems, reported its financial status. Its business address is in Dallas, Texas, and its fiscal year ends on December 31st.
Why It Matters
This filing provides investors with an update on Vivakor's financial performance and operational status for the second quarter of 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Players & Entities
- Vivakor, Inc. (company) — Filer of the 10-Q
- 20250630 (date) — End of the reporting period
- 20250819 (date) — Filing date
- Dallas, TX (location) — Business and mailing address
- NV (location) — State of incorporation
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20250630, indicating the filing covers the period ending June 30, 2025.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20250819.
What is Vivakor, Inc.'s primary business classification?
Vivakor, Inc. is classified under REFUSE SYSTEMS [4953].
Where is Vivakor, Inc. located?
Vivakor, Inc.'s business and mailing address is 5220 SPRING VALLEY RD., SUITE LL20, DALLAS, TX 75254.
In which state is Vivakor, Inc. incorporated?
Vivakor, Inc. is incorporated in Nevada (NV).
Filing Stats: 4,420 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2025-08-19 16:13:57
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value VIVK The Nasdaq Stock Mar
- $0.75 — n Price" shall equal the greater of (a) $0.75 per share or (b) the lesser of (i) 90%
- $2.25 — onvert all or part of this Note or (ii) $2.25 per share. Due to uncertainty of the co
Filing Documents
- vivakor_10q.htm (10-Q) — 1427KB
- vivakor_ex31-1.htm (EX-31.1) — 12KB
- vivakor_ex31-2.htm (EX-31.2) — 12KB
- vivakor_ex32-1.htm (EX-32.1) — 7KB
- vivakor_ex32-2.htm (EX-32.2) — 7KB
- 0001829126-25-006504.txt ( ) — 5778KB
- vivk-20250630.xsd (EX-101.SCH) — 50KB
- vivk-20250630_cal.xml (EX-101.CAL) — 58KB
- vivk-20250630_def.xml (EX-101.DEF) — 153KB
- vivk-20250630_lab.xml (EX-101.LAB) — 304KB
- vivk-20250630_pre.xml (EX-101.PRE) — 247KB
- vivakor_10q_htm.xml (XML) — 932KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 1 ITEM 1.
Financial Statements
Financial Statements 1 Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 1 Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited) 2 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Six Months Ended June 30, 2025 and 2024 (unaudited) 3 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (unaudited) 4 Notes to Condensed Consolidated Financial Statements (unaudited) 5 ITEM 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 ITEM 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 35 ITEM 4.
Controls and Procedures
Controls and Procedures 35
OTHER INFORMATION
PART II. OTHER INFORMATION 37 ITEM 1.
Legal Proceedings
Legal Proceedings 37 ITEM 1A.
Risk Factors
Risk Factors 39 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 ITEM 3. Defaults Upon Senior Securities 40 ITEM 4. Mine Safety Disclosures 40 ITEM 5. Other Information 41 ITEM 6. Exhibits 44
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS VIVAKOR, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 413,751 $ 651,022 Cash- restricted 3,251,405 3,025,970 Accounts receivable, net of allowance for credit losses of $ 0 at June 30, 2025 and December 31, 2024, respectively 18,320,492 1,626,994 Accounts receivable- related party 5,215,320 4,599,094 Prepaid expenses 2,788,615 1,204,790 Marketable securities 516,486 661,101 Inventories 132,324 205,529 Total current assets 30,638,393 11,974,500 Other assets 3,830,260 3,608,067 Notes receivable 289,485 242,714 Property and equipment, net 88,524,047 100,039,371 Right of use assets- operating leases 3,835,328 4,920,454 Intellectual property, net 7,935,737 8,348,703 Customer relationships, net 40,600,310 43,021,022 Goodwill 68,885,853 68,885,853 Total assets $ 244,539,413 $ 241,040,684 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 47,813,636 $ 29,601,665 Accounts payable and accrued expenses- related parties 2,290,362 831,984 Accrued compensation 1,292,147 1,249,099 Unearned revenue 9,107,297 9,107,297 Operating lease liabilities, current 1,941,178 2,636,151 Finance lease liabilities, current 3,626,851 4,267,396 Loans and notes payable, current 48,530,043 42,423,941 Loans and notes payable, current- related parties 21,828,233 21,810,164 Total current liabilities 136,429,747 111,927,697 Operating lease liabilities, long term 1,656,594 2,190,351 Finance lease liabilities, long term 4,554,101 5,135,601 Loans and notes payable, long term 3,701,406 6,514,010 Deferred tax liability 154,381 154,381 Total liabilities 146,496,229 125,922,040 Stockholders' equity (deficit): Preferred stock, $ 0.001
Business
Business Vivakor, Inc. ("Vivakor" or the "Company") is a socially responsible operator, acquirer and developer of technologies and assets in the oil and gas industry, as well as related environmental solutions. Currently, our efforts are primarily focused on operating two main segments: (i) transportation logistics services and (ii) terminaling and storage facility product and services related to oil and gas production. Our transportation and facilities services primarily consist of trucking crude oil and produced water and transportation and terminaling services of crude oil via the Omega Gathering Pipeline. Our trucking services are centered in the Permian and Eagle Ford Basins. We utilize our trucking fleet to transport those products to a fully-integrated network of facilities where we blend various grades of crude oil grades of crude oil, and reuse or dispose of produced water. Our terminaling and storage product and services consist of two operational major crude oil terminaling facilities. One is located in Colorado City, Texas, and the other facility is located in Delhi, Louisiana. Both facilities are located at the junction of several major interstate pipelines, receive various grades of crude oil from our customers. These crude oil terminals are industrial facilities that serve as hubs for the storage, handling and distribution of crude oil and petroleum products. We plan to perform remediation services utilizing our remediation processing centers ("RPCs") at some point in the future. We are currently constructing a full-capacity RPC at the San Jacinto River & Rail Park in Harris County, Texas. Once complete, we anticipate the strategically located facility to be capable of processing oilfield solid wastes into economic byproducts such as condensate, propane, and butane. This RPC will feature an adjacent, complimentary truck wash facility from which we expect to derive additional revenue. On October 1, 2024, we acquired Endeavor Crude, LLC, a Texas l