$VYEY
Victory Clean Energy Inc Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2022 Q4 Form 10-Q Financial Statement

#000121390022071813 Filed on November 14, 2022

Income Statement

Concept	2022 Q4	2022 Q3	2021 Q3
Revenue	$406.2K	$327.6K	$257.2K
YoY Change	107.45%	27.35%	97.02%
Cost Of Revenue	$202.4K	$237.3K	$144.1K
YoY Change	49.43%	64.64%	43.69%
Gross Profit	$203.8K	$90.26K	$113.1K
YoY Change	237.66%	-20.19%	273.85%
Gross Profit Margin	50.17%	27.55%	43.96%
Selling, General & Admin	$145.3K	$272.7K	$311.5K
YoY Change	-45.93%	-12.45%	20.03%
% of Gross Profit	71.31%	302.12%	275.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$43.91K	$43.92K	$37.87K
YoY Change	-11.38%	15.98%	130.49%
% of Gross Profit	21.55%	48.66%	33.49%
Operating Expenses	$150.8K	$278.2K	$316.6K
YoY Change	-44.94%	-12.14%	19.65%
Operating Profit	$52.98K	-$187.9K	-$203.5K
YoY Change	-124.81%	-7.66%	-13.16%
Interest Expense	-$3.200K	$4.653K	-$18.84K
YoY Change	-80.54%	-124.7%	2.84%
% of Operating Profit	-6.04%
Other Income/Expense, Net		$49.53K
YoY Change
Pretax Income	-$104.2K	-$143.1K	-$51.20K
YoY Change	-183.84%	179.39%	-79.16%
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$104.2K	-$143.0K	-$51.20K
YoY Change	-183.84%	179.39%	-79.16%
Net Earnings / Revenue	-25.65%	-43.67%	-19.9%
Basic Earnings Per Share		-$0.01	$0.00
Diluted Earnings Per Share	$0.00	-$0.01	-$1.826K
COMMON SHARES
Basic Shares Outstanding	28.04M shares	28.04M shares	28.04M shares
Diluted Shares Outstanding		28.04M shares	28.04M shares

Balance Sheet

Concept	2022 Q4	2022 Q3	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$73.64K	$101.2K	$37.66K
YoY Change	39.18%	168.59%	-86.26%
Cash & Equivalents	$73.64K	$101.2K	$37.66K
Short-Term Investments
Other Short-Term Assets	$20.52K	$44.21K	$119.8K
YoY Change	-34.38%	-63.1%	-39.46%
Inventory	$32.27K	$39.81K	$38.76K
Prepaid Expenses
Receivables	$163.2K	$152.0K	$210.2K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$289.6K	$337.2K	$406.5K
YoY Change	10.34%	-17.05%	-38.78%
LONG-TERM ASSETS
Property, Plant & Equipment	$162.3K	$202.0K	$288.4K
YoY Change	-33.25%	-29.99%	-25.98%
Goodwill	$145.1K	$145.1K
YoY Change	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$403.8K	$447.7K	$551.5K
YoY Change	-19.55%	-18.81%	-17.69%
TOTAL ASSETS
Total Short-Term Assets	$289.6K	$337.2K	$406.5K
Total Long-Term Assets	$403.8K	$447.7K	$551.5K
Total Assets	$693.4K	$784.9K	$957.9K
YoY Change	-9.28%	-18.06%	-28.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$149.5K	$113.9K	$477.0K
YoY Change	48.39%	-76.12%	-15.59%
Accrued Expenses	$62.83K	$94.27K	$146.4K
YoY Change	-5.99%	-35.59%	25.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$282.5K	$0.00
YoY Change
Long-Term Debt Due	$3.743M	$15.82K	$3.407M
YoY Change	42570.6%	-99.54%	15.33%
Total Short-Term Liabilities	$4.136M	$4.122M	$4.216M
YoY Change	5.86%	-2.23%	10.33%
LONG-TERM LIABILITIES
Long-Term Debt	$261.6K	$262.8K	$248.6K
YoY Change	9.06%	5.72%	-22.01%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$261.6K	$262.8K	$248.6K
YoY Change	9.06%	5.72%	-22.01%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.136M	$4.122M	$4.216M
Total Long-Term Liabilities	$261.6K	$262.8K	$248.6K
Total Liabilities	$4.397M	$4.384M	$4.464M
YoY Change	6.04%	-1.79%	7.84%
SHAREHOLDERS EQUITY
Retained Earnings	-$99.24M	-$99.13M
YoY Change	0.33%
Common Stock	$28.04K	$28.04K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$3.704M	-$3.600M	-$3.506M
YoY Change
Total Liabilities & Shareholders Equity	$693.4K	$784.9K	$957.9K
YoY Change	-9.28%	-18.06%	-28.19%

Cashflow Statement

Concept	2022 Q4	2022 Q3	2021 Q3
OPERATING ACTIVITIES
Net Income	-$104.2K	-$143.0K	-$51.20K
YoY Change	-183.84%	179.39%	-79.16%
Depreciation, Depletion And Amortization	$43.91K	$43.92K	$37.87K
YoY Change	-11.38%	15.98%	130.49%
Cash From Operating Activities	-$36.04K	$62.49K	-$196.3K
YoY Change	-74.57%	-131.83%	76.85%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	$0.00	$0.00	$0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	8.520K	8.600K	75.00K
YoY Change	-94.57%	-88.53%	667.66%
NET CHANGE
Cash From Operating Activities	-36.04K	62.49K	-196.3K
Cash From Investing Activities	0.000	0.000	0.000
Cash From Financing Activities	8.520K	8.600K	75.00K
Net Change In Cash	-27.52K	71.09K	-121.3K
YoY Change	-280.46%	-158.59%	19.84%
FREE CASH FLOW
Cash From Operating Activities	-$36.04K	$62.49K	-$196.3K
Capital Expenditures	$0.00	$0.00	$0.00
Free Cash Flow	-$36.04K	$62.49K	-$196.3K
YoY Change	-74.57%	-131.83%	76.85%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	002-76219-NY
	dei	Entity Registrant Name EntityRegistrantName	VICTORY OILFIELD TECH, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	87-0564472
	dei	Entity Address Address Line1 EntityAddressAddressLine1	3355 Bee Caves Road
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 608
	dei	Entity Address City Or Town EntityAddressCityOrTown	Austin
	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	78746
	dei	City Area Code CityAreaCode	(512)
	dei	Local Phone Number LocalPhoneNumber	-347-7300
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	28037713	shares
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	101153	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	52908	usd
CY2022Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	152004	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	153383	usd
CY2022Q3	us-gaap	Inventory Net InventoryNet	39810	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	24915	usd
CY2022Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	44209	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	31271	usd
CY2022Q3	us-gaap	Assets Current AssetsCurrent	337176	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	262477	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	201950	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	243205	usd
CY2022Q3	us-gaap	Goodwill Goodwill	145149	usd
CY2021Q4	us-gaap	Goodwill Goodwill	145149	usd
CY2022Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	100636	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	113575	usd
CY2022Q3	us-gaap	Assets Assets	784911	usd
CY2021Q4	us-gaap	Assets Assets	764406	usd
CY2022Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	113911	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	100754	usd
CY2022Q3	vyey	Accrued And Other Short Term Liabilities AccruedAndOtherShortTermLiabilities	94268	usd
CY2021Q4	vyey	Accrued And Other Short Term Liabilities AccruedAndOtherShortTermLiabilities	66826	usd
CY2022Q3	vyey	Short Term Advance From Shareholder ShortTermAdvanceFromShareholder	180150	usd
CY2021Q4	vyey	Short Term Advance From Shareholder ShortTermAdvanceFromShareholder	180150	usd
CY2022Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	15817	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	8772	usd
CY2022Q3	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	3717476	usd
CY2021Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	3550276	usd
CY2022Q3	us-gaap	Liabilities Current LiabilitiesCurrent	4121622	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3906778	usd
CY2022Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	262840	usd
CY2021Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	239850	usd
CY2022Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	262840	usd
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	239850	usd
CY2022Q3	us-gaap	Liabilities Liabilities	4384462	usd
CY2021Q4	us-gaap	Liabilities Liabilities	4146628	usd
CY2022Q3	us-gaap	Preferred Stock Value PreferredStockValue	8	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	8	usd
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28037713	shares
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28037713	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28037713	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28037713	shares
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	28038	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	28038	usd
CY2022Q3	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	245000	usd
CY2021Q4	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	245000	usd
CY2022Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	95750830	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	95750830	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-99133427	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-98916098	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	-3599551	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-3382222	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	784911	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	764406	usd
CY2022Q3	us-gaap	Revenues Revenues	327573	usd
CY2021Q3	us-gaap	Revenues Revenues	257225	usd
	us-gaap	Revenues Revenues	1218485	usd
	us-gaap	Revenues Revenues	619492	usd
CY2022Q3	us-gaap	Cost Of Revenue CostOfRevenue	237312	usd
CY2021Q3	us-gaap	Cost Of Revenue CostOfRevenue	144139	usd
	us-gaap	Cost Of Revenue CostOfRevenue	701226	usd
	us-gaap	Cost Of Revenue CostOfRevenue	356250	usd
CY2022Q3	us-gaap	Gross Profit GrossProfit	90261	usd
CY2021Q3	us-gaap	Gross Profit GrossProfit	113086	usd
	us-gaap	Gross Profit GrossProfit	517259	usd
	us-gaap	Gross Profit GrossProfit	263242	usd
CY2022Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	272699	usd
CY2021Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	311490	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	849150	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	763011	usd
CY2022Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5483	usd
CY2021Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5126	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	16227	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	15379	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	278182	usd
CY2021Q3	us-gaap	Operating Expenses OperatingExpenses	316616	usd
	us-gaap	Operating Expenses OperatingExpenses	865377	usd
	us-gaap	Operating Expenses OperatingExpenses	778390	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-187921	usd
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-203530	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-348118	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-515148	usd
CY2022Q3	us-gaap	Other Income OtherIncome	49527	usd
CY2021Q3	us-gaap	Other Income OtherIncome	171173	usd
	us-gaap	Other Income OtherIncome	155527	usd
	us-gaap	Other Income OtherIncome	172513	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	4653	usd
CY2021Q3	us-gaap	Interest Expense InterestExpense	18838	usd
	us-gaap	Interest Expense InterestExpense	24738	usd
	us-gaap	Interest Expense InterestExpense	42464	usd
CY2022Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	44874	usd
CY2021Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	152335	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	131789	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	130049	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-143047	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-51195	usd
	us-gaap	Net Income Loss NetIncomeLoss	-217329	usd
	us-gaap	Net Income Loss NetIncomeLoss	-385099	usd
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
	us-gaap	Net Income Loss NetIncomeLoss	-217329	usd
	us-gaap	Net Income Loss NetIncomeLoss	-385099	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	15200	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	29600	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12939	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12939	usd
	us-gaap	Depreciation Depreciation	112247	usd
	us-gaap	Depreciation Depreciation	100683	usd
	us-gaap	Gains Losses On Restructuring Of Debt GainsLossesOnRestructuringOfDebt	171173	usd
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-48560	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1379	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	60268	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	14895	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	21752	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	12938	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	91920	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	13157	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-59959	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	27443	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	82089	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-62797	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-516300	usd
	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations	-70993	usd
	us-gaap	Interest Paid Net InterestPaidNet	2364	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-3455267	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-51195	usd
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	-3506462	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-3456504	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-143047	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	-3599551	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-3121363	usd
	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations	-32998	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-70993	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-32998	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	152000	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	296000	usd
	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	31438	usd
	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	98622	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1403	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	182035	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	394622	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	48245	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-154676	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	52908	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	192337	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	101153	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	37661	usd
	us-gaap	Interest Paid Net InterestPaidNet	24738	usd
	us-gaap	Net Income Loss NetIncomeLoss	-385099	usd
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	-3506462	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-3382222	usd
	us-gaap	Net Income Loss NetIncomeLoss	-217329	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	-3599551	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-99133427	usd
CY2022Q3	vyey	Working Capital Deficit WorkingCapitalDeficit	-3784446	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	152000	usd
CY2022Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	282524	usd
	us-gaap	Revenue Recognition Deferred Revenue RevenueRecognitionDeferredRevenue	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Revenue Recognition</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0; text-align: justify">The Company recognizes revenue in accordance with Accounting Standards Codification 606, <i>Revenue from contracts with customers (ASC606)</i> as it satisfies contractual performance obligations by transferring promised goods or services to the customers. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for those promised goods or services. A good or service is transferred to a customer when, or as, the customer obtains control of that good or service.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has one revenue stream, which relates to the provision of hardbanding services by its subsidiary Pro-Tech. All performance obligations of the Company’s contracts with customers are satisfied over the duration of the contract as customer-owned equipment is serviced and then made available for immediate use as completed during the service period. The Company has reviewed its contracts with Pro-Tech customers and determined that due to their short-term nature, with durations of several days of service at the customer’s location, it is only those contracts that occur near the end of a financial reporting period that will potentially require allocation to ensure revenue is recognized in the proper period. The Company has reviewed all such transactions and recorded revenue accordingly.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the three and nine months ended September 30, 2022 and 2021, all of the Company’s revenue was recognized from contracts with oilfield operators. See Note 9 <i>Segment and Geographic Information and Revenue Disaggregation</i> for further information.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because the Company’s contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentration of Credit Risk, Accounts Receivable and Allowance for Doubtful Accounts</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality institutions and accounts receivable due from Pro-Tech’s customers. Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer’s inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that it reasonably believes to be collectable from the customer. Accounts receivable are written off at the point they are considered uncollectible. An allowance of $0 and $5,002 has been recorded at September 30, 2022 and December 31, 2021, respectively. The Company suffered no bad debt losses in the nine months ended September 30, 2022 and 2021, respectively. If the financial conditions of Pro-Tech’s customers were to deteriorate or if general economic conditions were to worsen, additional allowances may be required in the future. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of September 30, 2022 and December 31, 2021, three and three customers comprised 50% and 65% of the Company’s gross accounts receivables, respectively. For the three months ended September 30, 2022 and 2021, three and four customers comprised 45% and 71% of the Company’s total revenue, respectively. For the nine months ended September 30, 2022 and 2021, three and four customers comprised 54% and 71% of the Company’s total revenue, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	0	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	5002	usd
CY2022Q3	vyey	Total Revenue Percentage TotalRevenuePercentage	0.45	pure
CY2022Q3	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	145149	usd
CY2021Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	145149	usd
CY2018Q3	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P10Y
	vyey	Weighted Average Number Of Share Outstanding Basics And Diluted WeightedAverageNumberOfShareOutstandingBasicsAndDiluted	28037713	shares
	vyey	Weighted Average Number Of Share Outstanding Basics And Diluted WeightedAverageNumberOfShareOutstandingBasicsAndDiluted	28037713	shares
CY2022Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	1437	usd
CY2021Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	1437	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	4266	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	4266	usd
CY2022Q2	vyey	Security Agreement Amount SecurityAgreementAmount	31437	usd
CY2022Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	835731	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	764739	usd
CY2022Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	633781	usd
CY2021Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	521534	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	201950	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	243205	usd
CY2022Q3	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	39606	usd
CY2021Q3	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	33561	usd
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	112248	usd
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	100683	usd
CY2022Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4312	usd
CY2021Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4313	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12939	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12939	usd
CY2022Q3	us-gaap	Finite Lived Customer Relationships Gross FiniteLivedCustomerRelationshipsGross	129680	usd
CY2021Q4	us-gaap	Finite Lived Customer Relationships Gross FiniteLivedCustomerRelationshipsGross	129680	usd
CY2022Q3	us-gaap	Finite Lived Trademarks Gross FiniteLivedTrademarksGross	42840	usd
CY2021Q4	us-gaap	Finite Lived Trademarks Gross FiniteLivedTrademarksGross	42840	usd
CY2022Q3	us-gaap	Accumulated Amortization Of Other Deferred Costs AccumulatedAmortizationOfOtherDeferredCosts	71883	usd
CY2021Q4	us-gaap	Accumulated Amortization Of Other Deferred Costs AccumulatedAmortizationOfOtherDeferredCosts	58945	usd
CY2022Q3	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	100636	usd
CY2021Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	113575	usd
CY2021Q3	us-gaap	Deposit Liabilities Accrued Interest DepositLiabilitiesAccruedInterest	2373	usd
CY2021Q1	us-gaap	Proceeds From Loans ProceedsFromLoans	98622	usd
CY2021Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	98622	usd
	vyey	Accrued Interest Percentage AccruedInterestPercentage	0.01	pure
CY2022Q3	us-gaap	Long Term Debt Term LongTermDebtTerm	P5Y
CY2022Q2	vyey	Loan Term LoanTerm	P5Y
CY2022Q2	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2027-06-15
CY2022Q2	vyey	Repyabale Rate RepyabaleRate	586	usd
CY2022Q2	vyey	Principal And Interest Rate Percentage PrincipalAndInterestRatePercentage	0.045	pure
	vyey	Vehicle Loan VehicleLoan	30035	usd
	vyey	Vehicle Loan VehicleLoan	0	usd
CY2022Q3	us-gaap	Financing Receivable Revolving Converted To Term Loan FinancingReceivableRevolvingConvertedToTermLoan	30000	usd
CY2022Q3	vyey	Arvest Loan Description ArvestLoanDescription	The Arvest Loan matures on July 11, 2023 and bears interest at 5.5% per annum, subject to change in accordance with the Variable Rate (as defined in the Promissory Note and Security Agreement), the calculation for which is the Wall Street Journal U.S. Prime Rate plus 0.75%.
CY2021Q3	us-gaap	Payments For Rent PaymentsForRent	312	usd
	us-gaap	Payments For Rent PaymentsForRent	4251	usd
	us-gaap	Payments For Rent PaymentsForRent	3885	usd
CY2018Q2	us-gaap	Shares Issued SharesIssued	1880267	shares
CY2020Q4	vyey	Increase The Loan Amount IncreaseTheLoanAmount	3000000	usd
CY2021Q1	vyey	Sale Of Stock Consideration Receivable On Transaction SaleOfStockConsiderationReceivableOnTransaction	3500000	usd
CY2021Q3	vyey	Increase The Loan Amount IncreaseTheLoanAmount	4000000	usd
CY2022Q3	us-gaap	Revenues Revenues	327573	usd
CY2021Q3	us-gaap	Revenues Revenues	257225	usd
	us-gaap	Revenues Revenues	1218485	usd
	us-gaap	Revenues Revenues	619492	usd
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
CY2022Q3	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-143047	usd
CY2021Q3	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-51195	usd
	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-217329	usd
	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-385009	usd
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28037713	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic		usd
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28037713	shares
	us-gaap	Gains Losses On Restructuring Of Debt GainsLossesOnRestructuringOfDebt		usd
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables		usd
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Central Index Key EntityCentralIndexKey	0000700764

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0001213900-22-071813.txt	Edgar Link	pending
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f10q0922ex32-1_victoryoil.htm	Edgar Link	pending
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vyey-20220930_def.xml	Edgar Link	unprocessable
vyey-20220930_pre.xml	Edgar Link	unprocessable
vyey-20220930_lab.xml	Edgar Link	unprocessable

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2022 Q4 Form 10-Q Financial Statement

#000121390022071813 Filed on November 14, 2022

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$VYEY Victory Clean Energy Inc Stock $vyey

2022 Q4 Form 10-Q Financial Statement

#000121390022071813 Filed on November 14, 2022

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Victory Clean Energy Inc Stock $vyey