2024 Q2 Form 10-K Financial Statement

#000182912624002582 Filed on April 17, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $16.18M $13.87M $59.32M
YoY Change 19.06% -15.11% 111.06%
Cost Of Revenue $15.07M $13.13M $54.30M
YoY Change 21.77% -10.62% 115.14%
Gross Profit $1.111M $746.1K $5.021M
YoY Change -8.56% -54.91% 75.11%
Gross Profit Margin 6.86% 5.38% 8.46%
Selling, General & Admin $2.975M $2.707M $7.420M
YoY Change 114.81% -40.5% -28.36%
% of Gross Profit 267.8% 362.75% 147.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $988.4K $1.663M $148.6K
YoY Change 48.0% 84.79% -76.71%
% of Gross Profit 88.98% 222.92% 2.96%
Operating Expenses $3.963M $4.370M $11.35M
YoY Change 93.07% -19.8% -55.67%
Operating Profit -$2.852M -$3.624M -$6.332M
YoY Change 240.41% -4.49% -72.16%
Interest Expense $479.9K -$361.2K -$5.167M
YoY Change 4.55% -83.01% 149.13%
% of Operating Profit
Other Income/Expense, Net -$447.6K $194.5K -$4.411M
YoY Change -58.71% 113.58% 127.32%
Pretax Income -$3.300M -$3.352M -$10.74M
YoY Change 71.7% -80.24% -56.48%
Income Tax $33.18K $91.90K $92.70K
% Of Pretax Income
Net Earnings -$3.313M -$3.842M -$10.84M
YoY Change 79.6% -68.9% -46.49%
Net Earnings / Revenue -20.47% -27.69% -18.27%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$0.12 -$0.17 -$0.56
COMMON SHARES
Basic Shares Outstanding 27.71M shares 26.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $508.2K $1.240M $1.240M
YoY Change -87.17% -73.91% -74.35%
Cash & Equivalents $94.97K $744.3K $744.3K
Short-Term Investments $413.2K $495.8K $495.8K
Other Short-Term Assets $1.511M $1.118M $1.193M
YoY Change 74.21% 59.67% 63.03%
Inventory $75.17K $44.63K $44.63K
Prepaid Expenses $180.4K $74.88K
Receivables $3.373M $2.459M $2.633M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.754M $5.111M $5.111M
YoY Change -33.17% -44.32% -44.32%
LONG-TERM ASSETS
Property, Plant & Equipment $27.64M $24.30M $25.83M
YoY Change 9.88% 7.62% 5.62%
Goodwill $14.98M $14.98M
YoY Change 0.0% 18.19%
Intangibles
YoY Change
Long-Term Investments $4.000K $4.000K $4.000K
YoY Change 0.0% 0.0% 0.0%
Other Assets
YoY Change
Total Long-Term Assets $67.93M $66.13M $66.13M
YoY Change -0.56% -1.55% -1.55%
TOTAL ASSETS
Total Short-Term Assets $5.754M $5.111M $5.111M
Total Long-Term Assets $67.93M $66.13M $66.13M
Total Assets $73.68M $71.24M $71.24M
YoY Change -4.21% -6.69% -6.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.702M $5.226M $5.226M
YoY Change 155.25% 4.06% 4.06%
Accrued Expenses $3.491M $13.76M $13.76M
YoY Change -36.19% 232.44% 232.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $21.18M $19.07M $19.07M
YoY Change 280.7% 404.05% 404.05%
Total Short-Term Liabilities $43.72M $39.98M $39.98M
YoY Change 158.47% 208.92% 208.92%
LONG-TERM LIABILITIES
Long-Term Debt $13.51M $12.73M $12.73M
YoY Change -61.62% -63.5% -63.5%
Other Long-Term Liabilities $1.291M $1.194M $1.194M
YoY Change 1.79% -18.08% -18.08%
Total Long-Term Liabilities $14.81M $13.93M $13.93M
YoY Change -59.42% -61.68% -61.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.72M $39.98M $39.98M
Total Long-Term Liabilities $14.81M $13.93M $13.93M
Total Liabilities $58.65M $54.00M $54.04M
YoY Change 9.82% 9.57% -6.0%
SHAREHOLDERS EQUITY
Retained Earnings -$71.10M -$65.91M
YoY Change 19.4% 19.46%
Common Stock $29.14K $26.22K
YoY Change 61.28% 45.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.04M $17.20M $17.20M
YoY Change
Total Liabilities & Shareholders Equity $73.68M $71.24M $71.24M
YoY Change -4.21% -6.69% -6.69%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$3.313M -$3.842M -$10.84M
YoY Change 79.6% -68.9% -46.49%
Depreciation, Depletion And Amortization $988.4K $1.663M $148.6K
YoY Change 48.0% 84.79% -76.71%
Cash From Operating Activities $1.004M $73.79K -$764.9K
YoY Change -4961.42% -110.69% -81.54%
INVESTING ACTIVITIES
Capital Expenditures $1.148M -$520.7K $3.321M
YoY Change 0.56% -176.12% 33.31%
Acquisitions
YoY Change
Other Investing Activities -$391.9K -$391.9K
YoY Change -347.39%
Cash From Investing Activities -$1.148M $128.8K -$3.713M
YoY Change 0.56% -118.82% 59.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -528.8K -657.3K $2.039M
YoY Change -148.06% -1958.96% -75.02%
NET CHANGE
Cash From Operating Activities 1.004M 73.79K -$764.9K
Cash From Investing Activities -1.148M 128.8K -$3.713M
Cash From Financing Activities -528.8K -657.3K $2.039M
Net Change In Cash -672.3K -454.8K -$2.438M
YoY Change 985.21% -66.04% -244.37%
FREE CASH FLOW
Cash From Operating Activities $1.004M $73.79K -$764.9K
Capital Expenditures $1.148M -$520.7K $3.321M
Free Cash Flow -$143.5K $594.5K -$4.086M
YoY Change -87.65% -143.25% -38.42%

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CY2023 us-gaap Depreciation And Amortization
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CY2022 us-gaap Depreciation And Amortization
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CY2023 us-gaap Marketable Securities Unrealized Gain Loss
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CY2022 us-gaap Marketable Securities Unrealized Gain Loss
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CY2022 us-gaap Gain Loss On Disposition Of Assets
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2456 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2023 us-gaap Interest And Other Income
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CY2022 us-gaap Interest And Other Income
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CY2023 us-gaap Interest Expense Other
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CY2022 us-gaap Interest Expense Other
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CY2023 VIVK Interest Expense Related Parties
InterestExpenseRelatedParties
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CY2022 VIVK Interest Expense Related Parties
InterestExpenseRelatedParties
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CY2023 us-gaap Other Nonoperating Income
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318041 usd
CY2022 us-gaap Other Nonoperating Income
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CY2023 us-gaap Nonoperating Income Expense
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CY2022 us-gaap Nonoperating Income Expense
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2023 us-gaap Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
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CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2023 VIVK Basic And Diluted Net Loss Per Share
BasicAndDilutedNetLossPerShare
-0.56
CY2022 VIVK Basic And Diluted Net Loss Per Share
BasicAndDilutedNetLossPerShare
-1.22
CY2023 VIVK Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
19261143 shares
CY2022 VIVK Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
15985103 shares
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27553133 usd
CY2022 VIVK Common Stock Issued For Reduction Of Liabilities
CommonStockIssuedForReductionOfLiabilities
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CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6240000 usd
CY2022 VIVK Common Stock Issued For Fractional Shares From Reverse Stock Split
CommonStockIssuedForFractionalSharesFromReverseStockSplit
2 usd
CY2022 VIVK Common Stock Issued As Part Consideration For Purchase Of Silver Fuels Delhi Llc And White Claw Colorado City Llc
CommonStockIssuedAsPartConsiderationForPurchaseOfSilverFuelsDelhiLlcAndWhiteClawColoradoCityLlc
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CY2022 VIVK Stock Options Issued For Services
StockOptionsIssuedForServices
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2606703 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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861691 usd
CY2022 VIVK Issuance Of Noncontrolling Interest For Reduction Of Debt
IssuanceOfNoncontrollingInterestForReductionOfDebt
4865000 usd
CY2022 us-gaap Net Income Loss
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27061061 usd
CY2023 VIVK Issuance Of Common Stock For Reduction Of Liabilities
IssuanceOfCommonStockForReductionOfLiabilities
212956 usd
CY2023 VIVK Issuance Of Common Stock For Reduction Of Note Payable To Jorgan
IssuanceOfCommonStockForReductionOfNotePayableToJorgan
6801200 usd
CY2023 VIVK Elimination Of Noncontolling Interest Related To Deconsolidation Of Variable Interest Entity
EliminationOfNoncontollingInterestRelatedToDeconsolidationOfVariableInterestEntity
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CY2023 VIVK Nonqualified Stock Options Issued To Third Party
NonqualifiedStockOptionsIssuedToThirdParty
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1597881 usd
CY2023 us-gaap Net Income Loss
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3932744 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2953629 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
11138830 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1162007 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
40584 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
130429 usd
CY2022 VIVK Common Stock Options Issued For Services
CommonStockOptionsIssuedForServices
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
2606703 usd
CY2023 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1156928 usd
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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CY2022 VIVK Gain On Diposal Of Asset
GainOnDiposalOfAsset
2456 usd
CY2023 VIVK Gain On Deconsolidation Of Variable Interest Entity
GainOnDeconsolidationOfVariableInterestEntity
438099 usd
CY2023 VIVK Gain On Settlement Of Accounts Payable
GainOnSettlementOfAccountsPayable
42044 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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CY2022 us-gaap Increase Decrease In Deferred Income Taxes
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
43353 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2023 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2023 us-gaap Increase Decrease In Other Operating Assets
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417890 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
80220 usd
CY2023 VIVK Increase Decrease In Right Of Use Assets Finance Leases
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-222066 usd
CY2022 VIVK Increase Decrease In Right Of Use Assets Finance Leases
IncreaseDecreaseInRightOfUseAssetsFinanceLeases
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CY2023 VIVK Increase Decrease In Right Of Use Assets Operating Leases
IncreaseDecreaseInRightOfUseAssetsOperatingLeases
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CY2022 VIVK Increase Decrease In Right Of Use Assets Operating Leases
IncreaseDecreaseInRightOfUseAssetsOperatingLeases
1216765 usd
CY2022 VIVK Increase Decrease In Financing Lease Liabilities
IncreaseDecreaseInFinancingLeaseLiabilities
429578 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1216765 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
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2306 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
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23725 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
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3476577 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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ProceedsFromCollectionOfNotesReceivable
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CY2023 VIVK Deconsolidation Of Variable Interest Entitys Cash Cash Equivalents And Restricted Cash
DeconsolidationOfVariableInterestEntitysCashCashEquivalentsAndRestrictedCash
181059 usd
CY2022 VIVK Acqusition Of Assets
AcqusitionOfAssets
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CY2023 VIVK Notes Receivable Assumed From Deconsolidation Of Variable Interest Entity
NotesReceivableAssumedFromDeconsolidationOfVariableInterestEntity
210862 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 VIVK Payment On Financing Lease Liabilities
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446782 usd
CY2023 us-gaap Proceeds From Notes Payable
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2944697 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3640046 usd
CY2023 VIVK Proceeds From Loans And Notes Payable Related Party
ProceedsFromLoansAndNotesPayableRelatedParty
11500 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6240000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
853230 usd
CY2023 VIVK Payment Of Notes Payable Related Party
PaymentOfNotesPayableRelatedParty
470160 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
861691 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2039255 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8165125 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2438486 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1689074 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3182793 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1493719 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
744307 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
3182793 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
3118118 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1205426 usd
CY2022 VIVK Conversion Of Series Bb1 And C1 Preferred Stock To Common Stock
ConversionOfSeriesBB1AndC1PreferredStockToCommonStock
1200000 usd
CY2023 VIVK Common Stock Issued For Reduction In Liabilities Cash Flow
CommonStockIssuedForReductionInLiabilitiesCashFlow
7014156 usd
CY2022 VIVK Common Stock Issued For Reduction In Liabilities Cash Flow
CommonStockIssuedForReductionInLiabilitiesCashFlow
1144992 usd
CY2023 VIVK Accounts Payable On Purchase Of Equipment
AccountsPayableOnPurchaseOfEquipment
2405117 usd
CY2022 VIVK Accounts Payable On Purchase Of Equipment
AccountsPayableOnPurchaseOfEquipment
259846 usd
CY2022 VIVK Noncontrolling Interest Issued For Reduction In Liabilities
NoncontrollingInterestIssuedForReductionInLiabilities
4865000 usd
CY2023 VIVK Capitalized Interest On Construction In Process
CapitalizedInterestOnConstructionInProcess
470645 usd
CY2022 VIVK Capitalized Interest On Construction In Process
CapitalizedInterestOnConstructionInProcess
829927 usd
CY2022 VIVK Common Stock Issued In Acquisition Of Silver Fuels Delhi Llc And White Claw Colorado City Llc
CommonStockIssuedInAcquisitionOfSilverFuelsDelhiLlcAndWhiteClawColoradoCityLlc
4287655 usd
CY2023 VIVK Nonqualified Stock Options Issued With Debt
NonqualifiedStockOptionsIssuedWithDebt
561499 usd
CY2022Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-30
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
438099 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-65908406 usd
CY2023Q4 VIVK Working Capital Deficit
WorkingCapitalDeficit
34900000 usd
CY2022Q4 VIVK Working Capital Deficit
WorkingCapitalDeficit
3770000 usd
CY2023Q4 us-gaap Cash
Cash
744000 usd
CY2023Q4 VIVK Obligations To Pay
ObligationsToPay
18100000 usd
CY2023 VIVK Debtdescription
Debtdescription
Of the $18.1 million, $15.3 million can be satisfied through the issuance of registered common stock under the terms of the debt.
CY2023Q4 VIVK Debt Financing
DebtFinancing
3000000 usd
CY2023Q4 VIVK Additional Debt Financing
AdditionalDebtFinancing
3000000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
438099 usd
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1534870 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1880056 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1629821 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1929474 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2816078 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3262860 usd
CY2022Q4 VIVK Impairment Loss
ImpairmentLoss
447124 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
6269998 usd
CY2023 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
0 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
0 usd
CY2023 VIVK Revenue From Related Party
RevenueFromRelatedParty
13241923 usd
CY2022 VIVK Revenue From Related Party
RevenueFromRelatedParty
6649073 usd
CY2023Q4 VIVK Warrants Outstanding
WarrantsOutstanding
80000 shares
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_840_eus-gaap--UseOfEstimates_zUDZUYWJ9TN3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><i><span id="xdx_86D_zi6V06s4wKt">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates, judgments, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We believe our critical accounting estimates relate to the following: Recoverability of current and noncurrent assets, revenue recognition, stock-based compensation, income taxes, effective interest rates related to long-term debt, lease assets and liabilities, valuation of stock used to acquire assets, derivatives, and fair values of the intangible assets and goodwill related to business combinations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">While our estimates and assumptions are based on our knowledge of current events and actions we may undertake in the future, actual results may ultimately differ from these estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2022Q3 VIVK Purchase Price
PurchasePrice
32900000 usd
CY2023Q4 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
2306660 usd
CY2023Q4 us-gaap Goodwill
Goodwill
14984768 usd
CY2022Q4 us-gaap Goodwill
Goodwill
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CY2023 us-gaap Business Acquisitions Pro Forma Revenue
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64009714 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
34361233 usd
CY2023 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
21659746 usd
CY2022 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
7429978 usd
CY2023 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
23944546 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
8085238 usd
CY2023 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-1.35
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.54
CY2023 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
17733117 shares
CY2022 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
14985668 shares
CY2023Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2023Q4 us-gaap Receivables Net Current
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152083 usd
CY2023Q4 VIVK Tenant Owes Rent
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22000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1118188 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
700298 usd
CY2023Q4 us-gaap Lease Deposit Liability
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214500 usd
CY2022Q4 us-gaap Lease Deposit Liability
LeaseDepositLiability
132688 usd
CY2023Q4 VIVK Finance Lease Deposits
FinanceLeaseDeposits
889400 usd
CY2022Q4 VIVK Finance Lease Deposits
FinanceLeaseDeposits
553322 usd
CY2023Q4 us-gaap Prepaid Expense Current
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74876 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
31523 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
495826 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
1652754 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
44632 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
47180 usd
CY2023Q4 VIVK Impairment Loss
ImpairmentLoss
192000 usd
CY2022Q4 VIVK Refining Reserve
RefiningReserve
1166709 usd
CY2021Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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3309578 shares
CY2021Q4 us-gaap Sale Of Stock Consideration Received Per Transaction
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860491 usd
CY2021Q4 us-gaap Cash
Cash
10000 usd
CY2021Q4 us-gaap Interest Payable Current
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850491 usd
CY2021Q4 us-gaap Debt Instrument Interest Rate During Period
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0.03 pure
CY2023Q4 VIVK Reserved Amount
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828263 usd
CY2022Q4 VIVK Reserved Amount
ReservedAmount
828263 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.05 pure
CY2021Q4 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.03 pure
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
31128 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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26260120 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1960803 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24299317 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23256006 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
677130 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22578876 usd
CY2023 us-gaap Depreciation
Depreciation
148603 usd
CY2022 us-gaap Depreciation
Depreciation
638073 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
6269998 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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33287347 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9849693 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23437654 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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