$VYEY
Victory Clean Energy Inc Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-Q Financial Statement

#000144530514005345 Filed on December 03, 2014

Income Statement

Concept	2014 Q4	2014 Q3	2013 Q3
Revenue	$90.00K	$173.5K	$244.8K
YoY Change	-60.87%	-29.13%	206.06%
Cost Of Revenue	$30.00K	$50.00K	$70.00K
YoY Change	-62.5%	-28.57%	250.0%
Gross Profit	$60.00K	$120.0K	$170.0K
YoY Change	-60.0%	-29.41%	240.0%
Gross Profit Margin	66.67%	69.15%	69.43%
Selling, General & Admin	$570.0K	$660.0K	$380.0K
YoY Change	159.09%	73.68%	-44.12%
% of Gross Profit	950.0%	550.0%	223.53%
Research & Development	$0.00	$30.00K	$90.00K
YoY Change		-66.67%	50.0%
% of Gross Profit	0.0%	25.0%	52.94%
Depreciation & Amortization	$180.0K	$81.95K	$90.96K
YoY Change	-14.29%	-9.91%	809.62%
% of Gross Profit	300.0%	68.29%	53.51%
Operating Expenses	$750.0K	$770.0K	$570.0K
YoY Change	70.45%	35.09%	-25.0%
Operating Profit	-$690.0K	-$644.9K	-$401.4K
YoY Change	137.93%	60.67%	-43.46%
Interest Expense	-$20.00K	$18.63K	-$111.00
YoY Change		-16884.68%
% of Operating Profit
Other Income/Expense, Net	$0.00	-$14.65K	$20.88K
YoY Change	-100.0%	-170.2%
Pretax Income	-$4.420M	-$659.6K	-$380.5K
YoY Change	391.11%	73.33%	-56.26%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$2.420M	-$622.8K	-$380.5K
YoY Change	290.32%	63.67%	-40.54%
Net Earnings / Revenue	-2688.89%	-358.9%	-155.41%
Basic Earnings Per Share		-$0.02	-$0.01
Diluted Earnings Per Share	-$3.143M	-$0.02	-$0.01
COMMON SHARES
Basic Shares Outstanding	28.93M shares	28.79M shares	27.56M shares
Diluted Shares Outstanding		28.79M shares	27.56M shares

Balance Sheet

Concept	2014 Q4	2014 Q3	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$0.00	$50.00K	$160.0K
YoY Change	-100.0%	-68.75%	60.0%
Cash & Equivalents	$2.941K	$46.06K	$164.9K
Short-Term Investments
Other Short-Term Assets	$20.00K	$20.00K	$80.00K
YoY Change	-50.0%	-75.0%
Inventory
Prepaid Expenses	$21.85K	$21.96K
Receivables	$41.57K	$56.54K	$100.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$190.7K	$293.7K	$340.0K
YoY Change	-2.01%	-13.62%	112.5%
LONG-TERM ASSETS
Property, Plant & Equipment	$930.0K	$5.100M	$2.800M
YoY Change	-58.3%	82.14%	70.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$90.00K	$100.0K
YoY Change
Total Long-Term Assets	$1.013M	$5.195M	$2.800M
YoY Change	-54.56%	85.53%	70.73%
TOTAL ASSETS
Total Short-Term Assets	$190.7K	$293.7K	$340.0K
Total Long-Term Assets	$1.013M	$5.195M	$2.800M
Total Assets	$1.204M	$5.489M	$3.140M
YoY Change	-50.34%	74.8%	74.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.120M	$1.362M	$350.0K
YoY Change	218.66%	289.02%
Accrued Expenses	$221.2K	$199.5K	$280.0K
YoY Change	12.34%	-28.74%	27.27%
Deferred Revenue
YoY Change
Short-Term Debt	$800.0K	$800.0K	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.632M	$2.404M	$630.0K
YoY Change	289.26%	281.54%	173.91%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$40.00K	$40.00K	$50.00K
YoY Change	-20.0%	-20.0%	66.67%
Total Long-Term Liabilities	$40.49K	$42.12K	$50.00K
YoY Change	-22.06%	-15.77%	66.67%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.632M	$2.404M	$630.0K
Total Long-Term Liabilities	$40.49K	$42.12K	$50.00K
Total Liabilities	$2.673M	$2.446M	$5.000M
YoY Change	267.04%	-51.08%	135.85%
SHAREHOLDERS EQUITY
Retained Earnings	-$40.11M	-$37.69M
YoY Change	8.7%
Common Stock	$35.00M	$34.94M
YoY Change	1.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$5.108M	-$2.744M	-$1.860M
YoY Change
Total Liabilities & Shareholders Equity	$1.204M	$5.489M	$3.140M
YoY Change	-50.34%	74.8%	74.44%

Cashflow Statement

Concept	2014 Q4	2014 Q3	2013 Q3
OPERATING ACTIVITIES
Net Income	-$2.420M	-$622.8K	-$380.5K
YoY Change	290.32%	63.67%	-40.54%
Depreciation, Depletion And Amortization	$180.0K	$81.95K	$90.96K
YoY Change	-14.29%	-9.91%	809.62%
Cash From Operating Activities	-$970.0K	$670.0K	-$170.0K
YoY Change		-494.12%	-62.22%
INVESTING ACTIVITIES
Capital Expenditures	$730.0K	-$790.0K	-$590.0K
YoY Change	-273.81%	33.9%	490.0%
Acquisitions
YoY Change
Other Investing Activities	$190.0K	-$910.0K	$370.0K
YoY Change		-345.95%	640.0%
Cash From Investing Activities	$920.0K	-$1.700M	-$210.0K
YoY Change	-319.05%	709.52%	250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	0.000	-140.0K	190.0K
YoY Change	-100.0%	-173.68%	-34.48%
NET CHANGE
Cash From Operating Activities	-970.0K	670.0K	-170.0K
Cash From Investing Activities	920.0K	-1.700M	-210.0K
Cash From Financing Activities	0.000	-140.0K	190.0K
Net Change In Cash	-50.00K	-1.170M	-190.0K
YoY Change	-64.29%	515.79%	-13.64%
FREE CASH FLOW
Cash From Operating Activities	-$970.0K	$670.0K	-$170.0K
Capital Expenditures	$730.0K	-$790.0K	-$590.0K
Free Cash Flow	-$1.700M	$1.460M	$420.0K
YoY Change	-504.76%	247.62%	-220.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	1361558	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	351435	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	116542	USD
CY2014Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	56541	USD
CY2013Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	68571	USD
CY2014Q3	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	169141	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	196913	USD
CY2014Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	199531	USD
	us-gaap	Acquisition Costs AcquisitionCosts	4966636	USD
CY2014Q3	us-gaap	Acquisition Costs AcquisitionCosts	1701947	USD
CY2014Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	34915154	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	34404239	USD
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	200000	USD
CY2014Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	200000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	24380	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	11160	USD
CY2014Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2013Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	11160	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2014Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	42117	USD
CY2013Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	51954	USD
CY2012Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	39905	USD
CY2013	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	3119	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2686	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-659583	USD
CY2013	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	8930	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	17069	USD
CY2013	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	0	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	17602	USD
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-11990	USD
CY2013	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	USD
CY2014Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	42117	USD
CY2013Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	51954	USD
CY2014Q3	us-gaap	Assets Assets	5488652	USD
CY2013Q4	us-gaap	Assets Assets	2474022	USD
CY2014Q3	us-gaap	Assets Current AssetsCurrent	293700	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	244634	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20858	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	46062	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	164874	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	158165	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	6709	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	25204	USD
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	47500000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	47500000	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27563619	shares
CY2014Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28927826	shares
CY2014Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28927826	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	27563619	shares
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	27564	USD
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	28928	USD
CY2013Q3	us-gaap	Costs And Expenses CostsAndExpenses	646250	USD
CY2014Q3	us-gaap	Costs And Expenses CostsAndExpenses	818456	USD
	us-gaap	Costs And Expenses CostsAndExpenses	1739368	USD
	us-gaap	Costs And Expenses CostsAndExpenses	2617222	USD
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	-81550	USD
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	-3397122	USD
CY2013Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	0	USD
CY2014Q3	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	98089	USD
	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	252024	USD
	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	168861	USD
CY2014Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	81952	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	252024	USD
CY2013Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	90962	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	168861	USD
CY2014Q3	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	33323	USD
CY2013Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	18542	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2013Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2013Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
	us-gaap	Exploration Expense ExplorationExpense	51813	USD
CY2013Q3	us-gaap	Exploration Expense ExplorationExpense	3082	USD
	us-gaap	Exploration Expense ExplorationExpense	18659	USD
CY2014Q3	us-gaap	Exploration Expense ExplorationExpense	27641	USD
CY2014Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	507	USD
CY2013Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	20765	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	20765	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	2160099	USD
CY2013Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	383458	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2120214	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1283901	USD
CY2014Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	656586	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-380526	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	192087	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1218912	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	22500	USD
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	0	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	157786	USD
CY2014Q3	us-gaap	Lease Operating Expense LeaseOperatingExpense	42154	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1010123	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	341851	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-96912	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-60001	USD
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	100570	USD
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	34917	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	2618	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-28519	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-16707	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	15428	USD
CY2013Q3	us-gaap	Interest Expense InterestExpense	-111	USD
	us-gaap	Interest Expense InterestExpense	835	USD
	us-gaap	Interest Expense InterestExpense	49639	USD
CY2014Q3	us-gaap	Interest Expense InterestExpense	18631	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	130835	USD
CY2013Q3	us-gaap	Lease Operating Expense LeaseOperatingExpense	55849	USD
CY2014Q3	us-gaap	Liabilities Liabilities	2445812	USD
CY2013Q4	us-gaap	Liabilities Liabilities	628127	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5488652	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2474022	USD
CY2014Q3	us-gaap	Liabilities Current LiabilitiesCurrent	2403695	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	576173	USD
CY2013Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	51954	USD
CY2014Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	42117	USD
	us-gaap	Line Of Credit Facility Increase Accrued Interest LineOfCreditFacilityIncreaseAccruedInterest	25639	USD
	us-gaap	Line Of Credit Facility Increase Accrued Interest LineOfCreditFacilityIncreaseAccruedInterest	0	USD
	us-gaap	Profit Loss ProfitLoss	-1067153	USD
	vyey	Stock Options Grantedto Officersand Employees StockOptionsGrantedtoOfficersandEmployees	52106	USD
CY2014Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-36788	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-151759	USD
CY2013Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-39470	USD
CY2013	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-429511	USD
CY2013Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	20876	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	19930	USD
CY2014Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-14654	USD
CY2013Q4	us-gaap	Minority Interest MinorityInterest	4315986	USD
CY2014Q3	us-gaap	Minority Interest MinorityInterest	5786562	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2056000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1170110	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-971923	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1473366	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-575925	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-172983	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	-380526	USD
	us-gaap	Net Income Loss NetIncomeLoss	192087	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1218912	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-659583	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	977997	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2202822	USD
CY2013Q4	us-gaap	Notes Payable Current NotesPayableCurrent	0	USD
CY2014Q3	us-gaap	Notes Payable Current NotesPayableCurrent	800000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	0	USD
CY2013Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	1517836	USD
CY2014Q3	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	1553356	USD
CY2014Q3	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	6619685	USD
CY2013Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	3715648	USD
CY2013Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	2197812	USD
CY2014Q3	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	5066329	USD
CY2014Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	173527	USD
CY2013Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	244848	USD
	us-gaap	Oil And Gas Revenue OilAndGasRevenue	500526	USD
	us-gaap	Oil And Gas Revenue OilAndGasRevenue	606487	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2010735	USD
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-401402	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1238842	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-644929	USD
CY2014Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9283	USD
CY2013Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9283	USD
	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	647421	USD
	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	122469	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	3710	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	1569514	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	1926816	USD
CY2013Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	38663	USD
CY2014Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	21956	USD
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	1233000	USD
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	375000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	4021000	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	34809	USD
CY2013Q3	us-gaap	Production Tax Expense ProductionTaxExpense	14113	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	34716	USD
CY2014Q3	us-gaap	Production Tax Expense ProductionTaxExpense	9547	USD
CY2013Q3	us-gaap	Profit Loss ProfitLoss	-341056	USD
CY2014Q3	us-gaap	Profit Loss ProfitLoss	-622795	USD
	us-gaap	Profit Loss ProfitLoss	-785910	USD
CY2014Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	46883	USD
CY2013Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	43173	USD
CY2013Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	11597	USD
CY2014Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	16349	USD
CY2014Q3	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	30534	USD
CY2013Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	31576	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	433000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	2994	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	2686	USD
CY2014Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	81952	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	252024	USD
CY2013Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	90962	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	168861	USD
	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	576	USD
	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	91236	USD
CY2014Q3	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	576	USD
CY2013Q3	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	87626	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-36901894	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-37687804	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	52106	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	461237	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P36M
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	400000	shares
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	1035000	shares
	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	175000	shares
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	-2743722	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	-2470091	USD
CY2014Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3042840	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1845895	USD
	vyey	Restricted Stock In Exchange For Services RestrictedStockInExchangeForServices	51042	USD
	vyey	Restricted Stock In Exchange For Services RestrictedStockInExchangeForServices	0	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation, depletion, and amortization (“DD&A”) expense, property costs, estimated future net cash flows from proved reserves, cost to abandon oil and natural gas properties, taxes, accruals of capitalized costs, operating costs and production revenue, general and administrative costs and interest, exploration expense, the purchase price allocation on properties acquired, various common stock, warrants and option transactions, and contingencies.</font></div></div>
CY2013Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27563619	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27563619	shares
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28788533	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28154497	shares
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27563619	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28154497	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28788533	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27563619	shares
	vyey	Increase Decrease In Accrued Liabilitiesrelated Parties IncreaseDecreaseInAccruedLiabilitiesrelatedParties	71871	USD
	vyey	Increase Decrease In Accrued Liabilitiesrelated Parties IncreaseDecreaseInAccruedLiabilitiesrelatedParties	14781	USD
CY2014Q3	vyey	Management Fee Related Party ManagementFeeRelatedParty	3470	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	92362	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	0	USD
CY2013Q3	vyey	Management Fee Related Party ManagementFeeRelatedParty	0	USD
CY2014Q3	vyey	Oil And Natural Gas Properties Net Impairment OilAndNaturalGasPropertiesNetImpairment	6619685	USD
CY2013Q4	vyey	Oil And Natural Gas Properties Net Impairment OilAndNaturalGasPropertiesNetImpairment	3715648	USD
	vyey	Payments Of Capita Contributions PaymentsOfCapitaContributions	-2056000	USD
	vyey	Payments Of Capita Contributions PaymentsOfCapitaContributions	-1140000	USD
CY2014Q3	vyey	Percentageof Partnership Interests Distributableat Companys Discretion PercentageofPartnershipInterestsDistributableatCompanysDiscretion	1
	vyey	Renewal Of Leaseholds RenewalOfLeaseholds	22577	USD
	vyey	Renewal Of Leaseholds RenewalOfLeaseholds	0	USD
CY2014Q3	vyey	Restricted Stock In Exchange For Services RestrictedStockInExchangeForServices	30625	USD
	vyey	Salefarm Out Of Leaseholds SalefarmOutOfLeaseholds	0	USD
	vyey	Salefarm Out Of Leaseholds SalefarmOutOfLeaseholds	-160000	USD
CY2013Q3	vyey	Stock Options Grantedto Officersand Employees StockOptionsGrantedtoOfficersandEmployees	8781	USD
CY2014Q3	vyey	Stock Options Grantedto Officersand Employees StockOptionsGrantedtoOfficersandEmployees	10937	USD
	vyey	Stock Options Grantedto Officersand Employees StockOptionsGrantedtoOfficersandEmployees	95562	USD
CY2014Q3	vyey	Warrant Granted WarrantGranted	286075	USD
	vyey	Warrant Granted WarrantGranted	286075	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Period End Date DocumentPeriodEndDate	2014-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000700764
CY2014Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	28927826	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	VICTORY ENERGY CORP
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
	dei	Trading Symbol TradingSymbol	VYEY

Files In Submission

Name	View Source	Status
0001445305-14-005345-index-headers.html	Edgar Link	pending
0001445305-14-005345-index.html	Edgar Link	pending
0001445305-14-005345.txt	Edgar Link	pending
0001445305-14-005345-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vyey-20141203.xml	Edgar Link	completed
vyey-20141203.xsd	Edgar Link	pending
vyey-20141203_cal.xml	Edgar Link	unprocessable
vyey-20141203_def.xml	Edgar Link	unprocessable
vyey-20141203_lab.xml	Edgar Link	unprocessable
vyey-20141203_pre.xml	Edgar Link	unprocessable
vyey930201410q.htm	Edgar Link	pending
vyey_ex311.htm	Edgar Link	pending
vyey_ex312.htm	Edgar Link	pending
vyey_ex321.htm	Edgar Link	pending
vyey_ex322.htm	Edgar Link	pending

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$VYEY
Victory Clean Energy Inc Stock $vyey

2014 Q4 Form 10-Q Financial Statement

#000144530514005345 Filed on December 03, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY Victory Clean Energy Inc Stock $vyey

2014 Q4 Form 10-Q Financial Statement

#000144530514005345 Filed on December 03, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY
Victory Clean Energy Inc Stock $vyey