$VYEY
Victory Clean Energy Inc Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000162828016019028 Filed on August 15, 2016

Income Statement

Concept	2016 Q3	2016 Q2	2015 Q2
Revenue	$73.07K	$144.0K	$269.6K
YoY Change	-52.07%	-46.59%	13.3%
Cost Of Revenue	$20.00K	$30.00K	$60.00K
YoY Change	-50.0%	-50.0%	-14.29%
Gross Profit	$50.00K	$50.00K	$210.0K
YoY Change	-54.55%	-76.19%	23.53%
Gross Profit Margin	68.43%	34.72%	77.88%
Selling, General & Admin	$190.0K	$620.0K	$1.070M
YoY Change	-79.79%	-42.06%	9.18%
% of Gross Profit	380.0%	1240.0%	509.52%
Research & Development	$0.00	$0.00	$0.00
YoY Change	-100.0%		-100.0%
% of Gross Profit	0.0%	0.0%	0.0%
Depreciation & Amortization	$40.00K	$20.00K	$170.0K
YoY Change	-55.56%	-88.24%	88.89%
% of Gross Profit	80.0%	40.0%	80.95%
Operating Expenses	$230.0K	$650.0K	$1.240M
YoY Change	-77.67%	-47.58%	13.76%
Operating Profit	-$175.0K	-$537.8K	-$1.333M
YoY Change	-80.89%	-59.66%	44.21%
Interest Expense	$33.30K	$33.12K	$28.48K
YoY Change	3.35%	16.31%	28.16%
% of Operating Profit
Other Income/Expense, Net	-$32.53K	-$31.82K	-$27.30K
YoY Change	11.52%	16.54%	-101.23%
Pretax Income	-$207.5K	-$569.6K	-$1.361M
YoY Change	-78.04%	-58.13%	-204.83%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$195.5K	-$543.5K	-$1.247M
YoY Change	-77.85%	-56.43%	-558.31%
Net Earnings / Revenue	-267.59%	-377.39%	-462.65%
Basic Earnings Per Share			-$0.04
Diluted Earnings Per Share	-$243.9K	-$658.5K	-$0.04
COMMON SHARES
Basic Shares Outstanding	31.22M shares	31.22M shares	29.30M shares
Diluted Shares Outstanding			29.30M shares

Balance Sheet

Concept	2016 Q3	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.00K	$60.00K	$0.00
YoY Change	-90.91%		-100.0%
Cash & Equivalents	$5.879K	$56.77K	$3.014K
Short-Term Investments
Other Short-Term Assets	$0.00	$10.00K	$10.00K
YoY Change		0.0%	-50.0%
Inventory
Prepaid Expenses	$3.496K	$5.242K	$7.261K
Receivables	$43.37K	$57.96K	$34.60K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$187.7K	$254.2K	$171.1K
YoY Change	-30.66%	48.56%	-88.12%
LONG-TERM ASSETS
Property, Plant & Equipment	$660.0K	$690.0K	$1.640M
YoY Change	-57.96%	-57.93%	-52.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$20.00K	$30.00K	$70.00K
YoY Change	-66.67%	-57.14%	-36.36%
Total Long-Term Assets	$679.2K	$721.6K	$1.706M
YoY Change	-58.17%	-57.69%	-52.35%
TOTAL ASSETS
Total Short-Term Assets	$187.7K	$254.2K	$171.1K
Total Long-Term Assets	$679.2K	$721.6K	$1.706M
Total Assets	$867.0K	$975.8K	$1.877M
YoY Change	-54.24%	-48.01%	-62.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.115M	$1.548M	$2.086M
YoY Change	-48.73%	-25.79%	943.16%
Accrued Expenses	$409.1K	$394.3K	$488.5K
YoY Change	-17.44%	-19.29%	87.9%
Deferred Revenue
YoY Change
Short-Term Debt	$670.0K	$680.0K	$790.0K
YoY Change	-8.22%	-13.92%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.389M	$3.708M	$3.966M
YoY Change	-17.39%	-6.52%	762.2%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$30.00K	$30.00K	$30.00K
YoY Change	0.0%	0.0%	-25.0%
Total Long-Term Liabilities	$31.13K	$28.09K	$32.72K
YoY Change	-6.5%	-14.14%	-96.1%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.389M	$3.708M	$3.966M
Total Long-Term Liabilities	$31.13K	$28.09K	$32.72K
Total Liabilities	$3.420M	$3.736M	$3.999M
YoY Change	-17.31%	-6.58%	-44.92%
SHAREHOLDERS EQUITY
Retained Earnings	-$45.47M	-$45.27M	-$42.91M
YoY Change	3.84%	5.52%
Common Stock	$35.81M	$35.80M	$35.19M
YoY Change	0.64%	1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$9.658M	-$9.477M	-$7.711M
YoY Change
Total Liabilities & Shareholders Equity	$867.0K	$975.8K	$1.877M
YoY Change	-54.24%	-48.01%	-62.61%

Cashflow Statement

Concept	2016 Q3	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	-$195.5K	-$543.5K	-$1.247M
YoY Change	-77.85%	-56.43%	-558.31%
Depreciation, Depletion And Amortization	$40.00K	$20.00K	$170.0K
YoY Change	-55.56%	-88.24%	88.89%
Cash From Operating Activities	-$440.0K	-$650.0K	-$50.00K
YoY Change	76.0%	1200.0%	-88.64%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	-$370.0K
YoY Change	-100.0%	-100.0%	15.63%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$10.00K	$0.00
YoY Change			-100.0%
Cash From Investing Activities	$0.00	$10.00K	-$370.0K
YoY Change	-100.0%	-102.7%	-130.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	390.0K	670.0K	240.0K
YoY Change	5.41%	179.17%	0.0%
NET CHANGE
Cash From Operating Activities	-440.0K	-650.0K	-50.00K
Cash From Investing Activities	0.000	10.00K	-370.0K
Cash From Financing Activities	390.0K	670.0K	240.0K
Net Change In Cash	-50.00K	30.00K	-180.0K
YoY Change	-145.45%	-116.67%	-117.82%
FREE CASH FLOW
Cash From Operating Activities	-$440.0K	-$650.0K	-$50.00K
Capital Expenditures	$0.00	$0.00	-$370.0K
Free Cash Flow	-$440.0K	-$650.0K	$320.0K
YoY Change	83.33%	-303.12%	-366.67%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	20412	USD
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	VICTORY ENERGY CORP
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CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	394300	USD
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	35708746	USD
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	35766155	USD
	dei	Trading Symbol TradingSymbol	VYEY
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CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	200000	USD
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
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	us-gaap	Exploration Expense ExplorationExpense	3491	USD
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	us-gaap	Exploration Expense ExplorationExpense	0	USD
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CY2015Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2274188	USD
CY2016Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2112224	USD
CY2015Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Impairment OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment	8283321	USD
CY2016Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Impairment OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment	8283321	USD
CY2015Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	3033279	USD
CY2016Q2	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	2787986	USD
CY2015Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	759091	USD
CY2016Q2	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	675762	USD
CY2015Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	269631	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	398199	USD
CY2016Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	79185	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	145178	USD
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	8734	USD
CY2016Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5242	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	8294	USD
CY2015Q2	us-gaap	Production Tax Expense ProductionTaxExpense	12842	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	19541	USD
CY2016Q2	us-gaap	Production Tax Expense ProductionTaxExpense	3782	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	7055	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	-1360555	USD
	us-gaap	Profit Loss ProfitLoss	-3018956	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	-569628	USD
CY2016Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	27661	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	22454	USD
CY2016Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	19222	USD
CY2015Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	9940660	USD
CY2016Q2	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	9695367	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	10000	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	0	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	3828	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	1597	USD
CY2015Q2	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	175815	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	251014	USD
CY2016Q2	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	28267	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	76286	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-44289126	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-45274224	USD
CY2015Q2	us-gaap	Sales Revenue Net SalesRevenueNet	269631	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	398199	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	144009	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	210002	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	47239	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	57409	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-8549160	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	-9476849	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2721019	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2759904	USD
CY2015Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2016Q2	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2015Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29302826	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29253937	shares
CY2016Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31220326	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31220326	shares
CY2015Q2	vyey	Management Fee Related Party ManagementFeeRelatedParty	1176	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	2675	USD
CY2016Q2	vyey	Management Fee Related Party ManagementFeeRelatedParty	1305	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	2641	USD
CY2015Q4	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11316600	USD
CY2016Q2	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11071307	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	2175000	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	972000	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 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, assumptions related to abandonments and impairments of 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
0001628280-16-019028-index-headers.html	Edgar Link	pending
0001628280-16-019028-index.html	Edgar Link	pending
0001628280-16-019028.txt	Edgar Link	pending
0001628280-16-019028-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q22016vyey_ex311.htm	Edgar Link	pending
q22016vyey_ex312.htm	Edgar Link	pending
q22016vyey_ex321.htm	Edgar Link	pending
q22016vyey_ex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
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R22.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-20160630.xml	Edgar Link	completed
vyey-20160630.xsd	Edgar Link	pending
vyey-20160630_cal.xml	Edgar Link	unprocessable
vyey-20160630_def.xml	Edgar Link	unprocessable
vyey-20160630_lab.xml	Edgar Link	unprocessable
vyey-20160630_pre.xml	Edgar Link	unprocessable
vyey0630201610q.htm	Edgar Link	pending

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$VYEY
Victory Clean Energy Inc Stock $vyey

2016 Q3 Form 10-Q Financial Statement

#000162828016019028 Filed on August 15, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY Victory Clean Energy Inc Stock $vyey

2016 Q3 Form 10-Q Financial Statement

#000162828016019028 Filed on August 15, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY
Victory Clean Energy Inc Stock $vyey