$VYEY
Victory Clean Energy Inc Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000162828016016347 Filed on May 13, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q1
Revenue	$144.0K	$65.99K	$128.6K
YoY Change	-46.59%	-48.67%	-34.06%
Cost Of Revenue	$30.00K	$40.00K	$40.00K
YoY Change	-50.0%	0.0%	-42.86%
Gross Profit	$50.00K	$30.00K	$90.00K
YoY Change	-76.19%	-66.67%	-25.0%
Gross Profit Margin	34.72%	45.46%	70.0%
Selling, General & Admin	$620.0K	$440.0K	$1.640M
YoY Change	-42.06%	-73.17%	241.67%
% of Gross Profit	1240.0%	1466.67%	1822.22%
Research & Development	$0.00	$0.00	$0.00
YoY Change
% of Gross Profit	0.0%	0.0%	0.0%
Depreciation & Amortization	$20.00K	$46.94K	$75.20K
YoY Change	-88.24%	-37.58%	-3.63%
% of Gross Profit	40.0%	156.46%	83.55%
Operating Expenses	$650.0K	$490.0K	$1.720M
YoY Change	-47.58%	-71.51%	201.75%
Operating Profit	-$537.8K	-$466.8K	-$1.641M
YoY Change	-59.66%	-71.56%	271.93%
Interest Expense	$33.12K	$33.19K	$18.71K
YoY Change	16.31%	77.42%	112.93%
% of Operating Profit
Other Income/Expense, Net	-$31.82K	-$31.85K	-$17.21K
YoY Change	16.54%	85.12%	252.17%
Pretax Income	-$569.6K	-$498.7K	-$1.658M
YoY Change	-58.13%	-69.93%	271.72%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$543.5K	-$441.6K	-$1.547M
YoY Change	-56.43%	-71.44%	255.29%
Net Earnings / Revenue	-377.39%	-669.2%	-1202.92%
Basic Earnings Per Share
Diluted Earnings Per Share	-$658.5K	-$536.6K	-$2.013M
COMMON SHARES
Basic Shares Outstanding	31.22M shares		29.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$60.00K	$30.00K	$180.0K
YoY Change		-83.33%	-10.0%
Cash & Equivalents	$56.77K	$28.07K	$176.5K
Short-Term Investments
Other Short-Term Assets	$10.00K	$10.00K	$10.00K
YoY Change	0.0%	0.0%	-90.91%
Inventory
Prepaid Expenses	$5.242K	$6.988K	$14.32K
Receivables	$57.96K	$38.41K	$32.41K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$254.2K	$206.4K	$348.3K
YoY Change	48.56%	-40.74%	-24.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$690.0K	$750.0K	$2.010M
YoY Change	-57.93%	-62.69%	-23.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$30.00K	$40.00K	$80.00K
YoY Change	-57.14%	-50.0%	-33.33%
Total Long-Term Assets	$721.6K	$789.9K	$2.092M
YoY Change	-57.69%	-62.24%	-24.2%
TOTAL ASSETS
Total Short-Term Assets	$254.2K	$206.4K	$348.3K
Total Long-Term Assets	$721.6K	$789.9K	$2.092M
Total Assets	$975.8K	$996.3K	$2.440M
YoY Change	-48.01%	-59.17%	-24.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.548M	$1.705M	$1.931M
YoY Change	-25.79%	-11.69%	421.85%
Accrued Expenses	$394.3K	$381.2K	$228.5K
YoY Change	-19.29%	66.81%	14.27%
Deferred Revenue
YoY Change
Short-Term Debt	$680.0K	$680.0K	$1.050M
YoY Change	-13.92%	-35.24%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.708M	$3.842M	$3.513M
YoY Change	-6.52%	9.36%	505.77%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$30.00K	$50.00K	$30.00K
YoY Change	0.0%	66.67%	-50.0%
Total Long-Term Liabilities	$28.09K	$48.31K	$32.16K
YoY Change	-14.14%	50.23%	-96.54%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.708M	$3.842M	$3.513M
Total Long-Term Liabilities	$28.09K	$48.31K	$32.16K
Total Liabilities	$3.736M	$3.891M	$3.546M
YoY Change	-6.58%	9.73%	-42.16%
SHAREHOLDERS EQUITY
Retained Earnings	-$45.27M	-$44.73M	-$41.66M
YoY Change	5.52%	7.38%
Common Stock	$35.80M	$35.76M	$35.10M
YoY Change	1.71%	1.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$9.477M	-$8.967M	-$6.558M
YoY Change
Total Liabilities & Shareholders Equity	$975.8K	$996.3K	$2.440M
YoY Change	-48.01%	-59.17%	-24.21%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$543.5K	-$441.6K	-$1.547M
YoY Change	-56.43%	-71.44%	255.29%
Depreciation, Depletion And Amortization	$20.00K	$46.94K	$75.20K
YoY Change	-88.24%	-37.58%	-3.63%
Cash From Operating Activities	-$650.0K	-$257.9K	-$1.604M
YoY Change	1200.0%	-83.92%	297.65%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	-$20.00K	-$150.0K
YoY Change	-100.0%	-86.67%	-67.39%
Acquisitions
YoY Change
Other Investing Activities	$10.00K		$0.00
YoY Change			-100.0%
Cash From Investing Activities	$10.00K	-$18.44K	-$147.6K
YoY Change	-102.7%	-87.5%	-69.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	670.0K	$302.0K	$1.925M
YoY Change	179.17%	-84.31%	80.66%
NET CHANGE
Cash From Operating Activities	-650.0K	-$257.9K	-$1.604M
Cash From Investing Activities	10.00K	-$18.44K	-$147.6K
Cash From Financing Activities	670.0K	$302.0K	$1.925M
Net Change In Cash	30.00K	$25.69K	$173.6K
YoY Change	-116.67%	-85.2%	-2.29%
FREE CASH FLOW
Cash From Operating Activities	-$650.0K	-$257.9K	-$1.604M
Capital Expenditures	$0.00	-$20.00K	-$150.0K
Free Cash Flow	-$650.0K	-$237.9K	-$1.454M
YoY Change	-303.12%	-83.64%	-2665.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	31220326	shares
CY2016Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000700764
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	VICTORY ENERGY CORP
CY2016Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016Q1	dei	Trading Symbol TradingSymbol	VYEY
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CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	1705049	USD
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CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	38410	USD
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CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	381229	USD
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CY2015Q1	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	3721	USD
CY2016Q1	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	0	USD
CY2015Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	60832	USD
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CY2015Q4	us-gaap	Common Stock Value CommonStockValue	31220	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	31220	USD
CY2015Q1	us-gaap	Costs And Expenses CostsAndExpenses	1769762	USD
CY2016Q1	us-gaap	Costs And Expenses CostsAndExpenses	532806	USD
CY2015Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	47060	USD
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CY2015Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	805179	USD
CY2016Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	1004750	USD
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
CY2015Q1	us-gaap	Exploration Expense ExplorationExpense	3491	USD
CY2016Q1	us-gaap	Exploration Expense ExplorationExpense	0	USD
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CY2015Q1	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	5496	USD
CY2016Q1	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
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CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	41108	USD
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CY2015Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2274188	USD
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CY2015Q1	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	75199	USD
CY2016Q1	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	48019	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-44289126	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-44730751	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	128568	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	65993	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	38027	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	23415	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-8549160	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	-8967370	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2721019	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2894271	USD
CY2015Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2016Q1	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29203950	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31220326	shares
CY2015Q3	vyey	Forebearance Agreement Paymentof Borrowing Base Deficiency ForebearanceAgreementPaymentofBorrowingBaseDeficiency	76081	USD
CY2015Q4	vyey	Forebearance Agreement Paymentof Borrowing Base Deficiency ForebearanceAgreementPaymentofBorrowingBaseDeficiency	50000	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
CY2015Q1	vyey	Management Fee Related Party ManagementFeeRelatedParty	1499	USD
CY2016Q1	vyey	Management Fee Related Party ManagementFeeRelatedParty	1336	USD
CY2015Q4	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11316600	USD
CY2016Q1	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11335043	USD
CY2015Q1	vyey	Relatedpartycontribution Relatedpartycontribution	1925000	USD
CY2016Q1	vyey	Relatedpartycontribution Relatedpartycontribution	302000	USD
CY2016Q1	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 consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“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 and impaired oil and natural gas properties, taxes, accruals of capitalized costs, operating costs and production revenue, general and administrative costs and interest, purchase price allocation on properties acquired, various common stock, warrants and option transactions, and loss contingencies.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

Files In Submission

Name	View Source	Status
0001628280-16-016347-index-headers.html	Edgar Link	pending
0001628280-16-016347-index.html	Edgar Link	pending
0001628280-16-016347.txt	Edgar Link	pending
0001628280-16-016347-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q1vyey_ex311.htm	Edgar Link	pending
q1vyey_ex312.htm	Edgar Link	pending
q1vyey_ex321.htm	Edgar Link	pending
q1vyey_ex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
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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-20160331.xml	Edgar Link	completed
vyey-20160331.xsd	Edgar Link	pending
vyey-20160331_cal.xml	Edgar Link	unprocessable
vyey-20160331_def.xml	Edgar Link	unprocessable
vyey-20160331_lab.xml	Edgar Link	unprocessable
vyey-20160331_pre.xml	Edgar Link	unprocessable
vyey0331201610q.htm	Edgar Link	pending

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$VYEY
Victory Clean Energy Inc Stock $vyey

2016 Q2 Form 10-Q Financial Statement

#000162828016016347 Filed on May 13, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY Victory Clean Energy Inc Stock $vyey

2016 Q2 Form 10-Q Financial Statement

#000162828016016347 Filed on May 13, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY
Victory Clean Energy Inc Stock $vyey