$VYEY
Victory Clean Energy Inc Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-Q Financial Statement

#000162828015008028 Filed on October 29, 2015

Income Statement

Concept	2015 Q4	2015 Q3	2014 Q3
Revenue	$100.0K	$152.4K	$173.5K
YoY Change	11.11%	-12.15%	-29.13%
Cost Of Revenue	$50.00K	$40.00K	$50.00K
YoY Change	66.67%	-20.0%	-28.57%
Gross Profit	$50.00K	$110.0K	$120.0K
YoY Change	-16.67%	-8.33%	-29.41%
Gross Profit Margin	50.0%	72.16%	69.15%
Selling, General & Admin	$730.0K	$940.0K	$660.0K
YoY Change	28.07%	42.42%	73.68%
% of Gross Profit	1460.0%	854.55%	550.0%
Research & Development	$0.00	-$10.00K	$30.00K
YoY Change		-133.33%	-66.67%
% of Gross Profit	0.0%	-9.09%	25.0%
Depreciation & Amortization	$230.0K	$90.00K	$81.95K
YoY Change	27.78%	9.82%	-9.91%
% of Gross Profit	460.0%	81.82%	68.29%
Operating Expenses	$1.040M	$1.030M	$770.0K
YoY Change	38.67%	33.77%	35.09%
Operating Profit	-$990.0K	-$915.8K	-$644.9K
YoY Change	43.48%	42.0%	60.67%
Interest Expense	-$30.00K	$32.22K	$18.63K
YoY Change	50.0%	72.94%	-16884.68%
% of Operating Profit
Other Income/Expense, Net	$0.00	-$29.17K	-$14.65K
YoY Change		99.04%	-170.2%
Pretax Income	-$940.0K	-$945.0K	-$659.6K
YoY Change	-78.73%	43.27%	73.33%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$500.0K	-$882.6K	-$622.8K
YoY Change	-79.34%	41.72%	63.67%
Net Earnings / Revenue	-500.0%	-578.96%	-358.9%
Basic Earnings Per Share		-$0.03	-$0.02
Diluted Earnings Per Share	-$617.3K	-$0.03	-$0.02
COMMON SHARES
Basic Shares Outstanding	30.61M shares	29.78M shares	28.79M shares
Diluted Shares Outstanding		29.78M shares	28.79M shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$0.00	$110.0K	$50.00K
YoY Change		120.0%	-68.75%
Cash & Equivalents	$2.384K	$113.0K	$46.06K
Short-Term Investments
Other Short-Term Assets	$10.00K	$0.00	$20.00K
YoY Change	-50.0%	-100.0%	-75.0%
Inventory
Prepaid Expenses	$8.734K	$3.954K	$21.96K
Receivables	$37.69K	$24.55K	$56.54K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$48.81K	$270.8K	$293.7K
YoY Change	-74.41%	-7.81%	-13.62%
LONG-TERM ASSETS
Property, Plant & Equipment	$780.0K	$1.570M	$5.100M
YoY Change	-16.13%	-69.22%	82.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$60.00K	$100.0K
YoY Change		-40.0%
Total Long-Term Assets	$913.1K	$1.624M	$5.195M
YoY Change	-9.86%	-68.74%	85.53%
TOTAL ASSETS
Total Short-Term Assets	$48.81K	$270.8K	$293.7K
Total Long-Term Assets	$913.1K	$1.624M	$5.195M
Total Assets	$961.9K	$1.894M	$5.489M
YoY Change	-20.09%	-65.48%	74.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.592M	$2.174M	$1.362M
YoY Change	42.13%	59.67%	289.02%
Accrued Expenses	$534.6K	$495.6K	$199.5K
YoY Change	141.68%	148.36%	-28.74%
Deferred Revenue
YoY Change
Short-Term Debt	$630.0K	$730.0K	$800.0K
YoY Change	-21.25%	-8.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.588M	$4.102M	$2.404M
YoY Change	36.33%	70.66%	281.54%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$90.00K	$30.00K	$40.00K
YoY Change	125.0%	-25.0%	-20.0%
Total Long-Term Liabilities	$94.77K	$33.29K	$42.12K
YoY Change	134.04%	-20.95%	-15.77%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.588M	$4.102M	$2.404M
Total Long-Term Liabilities	$94.77K	$33.29K	$42.12K
Total Liabilities	$3.683M	$4.135M	$2.446M
YoY Change	37.81%	69.08%	-51.08%
SHAREHOLDERS EQUITY
Retained Earnings	-$44.29M	-$43.79M	-$37.69M
YoY Change	10.41%	16.19%
Common Stock	$35.74M	$35.58M	$34.94M
YoY Change	2.1%	1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$8.549M	-$8.204M	-$2.744M
YoY Change
Total Liabilities & Shareholders Equity	$961.9K	$1.894M	$5.489M
YoY Change	-20.09%	-65.48%	74.8%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2014 Q3
OPERATING ACTIVITIES
Net Income	-$500.0K	-$882.6K	-$622.8K
YoY Change	-79.34%	41.72%	63.67%
Depreciation, Depletion And Amortization	$230.0K	$90.00K	$81.95K
YoY Change	27.78%	9.82%	-9.91%
Cash From Operating Activities	$160.0K	-$250.0K	$670.0K
YoY Change	-116.49%	-137.31%	-494.12%
INVESTING ACTIVITIES
Capital Expenditures	-$530.0K	-$10.00K	-$790.0K
YoY Change	-172.6%	-98.73%	33.9%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	-$910.0K
YoY Change	-100.0%	-100.0%	-345.95%
Cash From Investing Activities	-$530.0K	-$10.00K	-$1.700M
YoY Change	-157.61%	-99.41%	709.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	260.0K	370.0K	-140.0K
YoY Change		-364.29%	-173.68%
NET CHANGE
Cash From Operating Activities	160.0K	-250.0K	670.0K
Cash From Investing Activities	-530.0K	-10.00K	-1.700M
Cash From Financing Activities	260.0K	370.0K	-140.0K
Net Change In Cash	-110.0K	110.0K	-1.170M
YoY Change	120.0%	-109.4%	515.79%
FREE CASH FLOW
Cash From Operating Activities	$160.0K	-$250.0K	$670.0K
Capital Expenditures	-$530.0K	-$10.00K	-$790.0K
Free Cash Flow	$690.0K	-$240.0K	$1.460M
YoY Change	-140.59%	-116.44%	247.62%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	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	2015
	dei	Document Period End Date DocumentPeriodEndDate	2015-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000700764
CY2015Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	30607826	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
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	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 Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	0	USD
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	3397122	USD
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	0	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	529974	USD
CY2014Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	21846	USD
CY2015Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3954	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1233000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	4021000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	0	USD
CY2014Q3	us-gaap	Production Tax Expense ProductionTaxExpense	9547	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	34809	USD
CY2015Q3	us-gaap	Production Tax Expense ProductionTaxExpense	7178	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	26719	USD
CY2014Q3	us-gaap	Profit Loss ProfitLoss	-659583	USD
	us-gaap	Profit Loss ProfitLoss	192087	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	-944962	USD
	us-gaap	Profit Loss ProfitLoss	-3963918	USD
CY2014Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	46883	USD
CY2015Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	46883	USD
CY2014Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	17965	USD
CY2015Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	22813	USD
CY2014Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	28918	USD
CY2015Q3	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	24070	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	433000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	70000	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	2686	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	4593	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
CY2015Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	84423	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	335437	USD
CY2014Q3	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	576	USD
	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	576	USD
CY2015Q3	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	0	USD
	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	0	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-40111826	USD
CY2015Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-43788466	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	461237	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	411527	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	-5108182	USD
CY2015Q3	us-gaap	Stockholders Equity StockholdersEquity	-8204086	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1468823	USD
CY2015Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2241005	USD
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
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29776068	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29428800	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28788533	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28154497	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29776068	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29428000	shares
CY2015Q3	vyey	Forebearance Agreement Paymentof Borrowing Base Deficiency ForebearanceAgreementPaymentofBorrowingBaseDeficiency	76081	USD
CY2015Q3	vyey	Forebearance Agreement Remaining Borrowing Base Deficiency Due ForebearanceAgreementRemainingBorrowingBaseDeficiencyDue	260000	USD
CY2015Q3	vyey	Forebearance Agreement Required Paymentof Borrowing Base Deficiency Dueto Expiration ForebearanceAgreementRequiredPaymentofBorrowingBaseDeficiencyDuetoExpiration	260000	USD
	vyey	Increase Decrease In Accrued Liabilitiesrelated Parties IncreaseDecreaseInAccruedLiabilitiesrelatedParties	14781	USD
	vyey	Increase Decrease In Accrued Liabilitiesrelated Parties IncreaseDecreaseInAccruedLiabilitiesrelatedParties	201177	USD
CY2014Q3	vyey	Management Fee Related Party ManagementFeeRelatedParty	3470	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	92362	USD
CY2015Q3	vyey	Management Fee Related Party ManagementFeeRelatedParty	3053	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	5728	USD
CY2014Q4	vyey	Oiland Gas Property Successful Efforts Method Netof Impairment OilandGasPropertySuccessfulEffortsMethodNetofImpairment	2838573	USD
CY2015Q3	vyey	Oiland Gas Property Successful Efforts Method Netof Impairment OilandGasPropertySuccessfulEffortsMethodNetofImpairment	3578864	USD
CY2015Q3	vyey	Percentageof Partnership Interests Distributableat Companys Discretion PercentageofPartnershipInterestsDistributableatCompanysDiscretion	1
	vyey	Relatedpartycontribution Relatedpartycontribution	1140000	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	2611000	USD
	vyey	Renewal Of Leaseholds RenewalOfLeaseholds	22577	USD
	vyey	Renewal Of Leaseholds RenewalOfLeaseholds	0	USD
	vyey	Restricted Stock In Exchange For Services RestrictedStockInExchangeForServices	51042	USD
	vyey	Restricted Stock In Exchange For Services RestrictedStockInExchangeForServices	169210	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>

Files In Submission

Name	View Source	Status
0001628280-15-008028-index-headers.html	Edgar Link	pending
0001628280-15-008028-index.html	Edgar Link	pending
0001628280-15-008028.txt	Edgar Link	pending
0001628280-15-008028-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q3vyey_ex311.htm	Edgar Link	pending
q3vyey_ex312.htm	Edgar Link	pending
q3vyey_ex321.htm	Edgar Link	pending
q3vyey_ex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.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
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R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
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R28.htm	Edgar Link	pending
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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-20150930.xml	Edgar Link	completed
vyey-20150930.xsd	Edgar Link	pending
vyey-20150930_cal.xml	Edgar Link	unprocessable
vyey-20150930_def.xml	Edgar Link	unprocessable
vyey-20150930_lab.xml	Edgar Link	unprocessable
vyey-20150930_pre.xml	Edgar Link	unprocessable
vyey930201510q.htm	Edgar Link	pending

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$VYEY
Victory Clean Energy Inc Stock $vyey

2015 Q4 Form 10-Q Financial Statement

#000162828015008028 Filed on October 29, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY Victory Clean Energy Inc Stock $vyey

2015 Q4 Form 10-Q Financial Statement

#000162828015008028 Filed on October 29, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY
Victory Clean Energy Inc Stock $vyey