$VYEY
Victory Clean Energy Inc Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000162828016021312 Filed on November 14, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q3
Revenue	$70.00K	$73.07K	$152.4K
YoY Change	-30.0%	-52.07%	-12.15%
Cost Of Revenue	$30.00K	$20.00K	$40.00K
YoY Change	-40.0%	-50.0%	-20.0%
Gross Profit	$40.00K	$50.00K	$110.0K
YoY Change	-20.0%	-54.55%	-8.33%
Gross Profit Margin	57.14%	68.43%	72.16%
Selling, General & Admin	$700.0K	$190.0K	$940.0K
YoY Change	-4.11%	-79.79%	42.42%
% of Gross Profit	1750.0%	380.0%	854.55%
Research & Development	$0.00	$0.00	-$10.00K
YoY Change		-100.0%	-133.33%
% of Gross Profit	0.0%	0.0%	-9.09%
Depreciation & Amortization	$20.00K	$40.00K	$90.00K
YoY Change	-91.3%	-55.56%	9.82%
% of Gross Profit	50.0%	80.0%	81.82%
Operating Expenses	$730.0K	$230.0K	$1.030M
YoY Change	-29.81%	-77.67%	33.77%
Operating Profit	-$690.0K	-$175.0K	-$915.8K
YoY Change	-30.3%	-80.89%	42.0%
Interest Expense	-$30.00K	$33.30K	$32.22K
YoY Change	0.0%	3.35%	72.94%
% of Operating Profit
Other Income/Expense, Net	$0.00	-$32.53K	-$29.17K
YoY Change		11.52%	99.04%
Pretax Income	-$630.0K	-$207.5K	-$945.0K
YoY Change	-32.98%	-78.04%	43.27%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$670.0K	-$195.5K	-$882.6K
YoY Change	34.0%	-77.85%	41.72%
Net Earnings / Revenue	-957.14%	-267.59%	-578.96%
Basic Earnings Per Share			-$0.03
Diluted Earnings Per Share	-$817.1K	-$243.9K	-$0.03
COMMON SHARES
Basic Shares Outstanding	31.22M shares	31.22M shares	29.78M shares
Diluted Shares Outstanding			29.78M shares

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$60.00K	$10.00K	$110.0K
YoY Change		-90.91%	120.0%
Cash & Equivalents	$56.46K	$5.879K	$113.0K
Short-Term Investments
Other Short-Term Assets	$10.00K	$0.00	$0.00
YoY Change	0.0%		-100.0%
Inventory
Prepaid Expenses	$9.951K	$3.496K	$3.954K
Receivables	$44.38K	$43.37K	$24.55K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$110.8K	$187.7K	$270.8K
YoY Change	126.98%	-30.66%	-7.81%
LONG-TERM ASSETS
Property, Plant & Equipment	$640.0K	$660.0K	$1.570M
YoY Change	-17.95%	-57.96%	-69.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$20.00K	$60.00K
YoY Change		-66.67%	-40.0%
Total Long-Term Assets	$774.9K	$679.2K	$1.624M
YoY Change	-15.14%	-58.17%	-68.74%
TOTAL ASSETS
Total Short-Term Assets	$110.8K	$187.7K	$270.8K
Total Long-Term Assets	$774.9K	$679.2K	$1.624M
Total Assets	$885.7K	$867.0K	$1.894M
YoY Change	-7.93%	-54.24%	-65.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$420.6K	$1.115M	$2.174M
YoY Change	-73.58%	-48.73%	59.67%
Accrued Expenses	$746.5K	$409.1K	$495.6K
YoY Change	39.63%	-17.44%	148.36%
Deferred Revenue
YoY Change
Short-Term Debt	$560.0K	$670.0K	$730.0K
YoY Change	-11.11%	-8.22%	-8.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.307M	$3.389M	$4.102M
YoY Change	-7.82%	-17.39%	70.66%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$10.00K	$30.00K	$30.00K
YoY Change	-88.89%	0.0%	-25.0%
Total Long-Term Liabilities	$7.141K	$31.13K	$33.29K
YoY Change	-92.46%	-6.5%	-20.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.307M	$3.389M	$4.102M
Total Long-Term Liabilities	$7.141K	$31.13K	$33.29K
Total Liabilities	$3.315M	$3.420M	$4.135M
YoY Change	-10.0%	-17.31%	69.08%
SHAREHOLDERS EQUITY
Retained Earnings	-$46.14M	-$45.47M	-$43.79M
YoY Change	4.18%	3.84%	16.19%
Common Stock	$35.83M	$35.81M	$35.58M
YoY Change	0.24%	0.64%	1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$10.31M	-$9.658M	-$8.204M
YoY Change
Total Liabilities & Shareholders Equity	$885.7K	$867.0K	$1.894M
YoY Change	-7.93%	-54.24%	-65.48%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	-$670.0K	-$195.5K	-$882.6K
YoY Change	34.0%	-77.85%	41.72%
Depreciation, Depletion And Amortization	$20.00K	$40.00K	$90.00K
YoY Change	-91.3%	-55.56%	9.82%
Cash From Operating Activities	-$680.0K	-$440.0K	-$250.0K
YoY Change	-525.0%	76.0%	-137.31%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	-$10.00K
YoY Change	-100.0%	-100.0%	-98.73%
Acquisitions
YoY Change
Other Investing Activities	$90.00K	$0.00	$0.00
YoY Change			-100.0%
Cash From Investing Activities	$90.00K	$0.00	-$10.00K
YoY Change	-116.98%	-100.0%	-99.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	640.0K	390.0K	370.0K
YoY Change	146.15%	5.41%	-364.29%
NET CHANGE
Cash From Operating Activities	-680.0K	-440.0K	-250.0K
Cash From Investing Activities	90.00K	0.000	-10.00K
Cash From Financing Activities	640.0K	390.0K	370.0K
Net Change In Cash	50.00K	-50.00K	110.0K
YoY Change	-145.45%	-145.45%	-109.4%
FREE CASH FLOW
Cash From Operating Activities	-$680.0K	-$440.0K	-$250.0K
Capital Expenditures	$0.00	$0.00	-$10.00K
Free Cash Flow	-$680.0K	-$440.0K	-$240.0K
YoY Change	-198.55%	83.33%	-116.44%

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	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000700764
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
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CY2015Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	24429	USD
	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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CY2016Q3	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	645180	USD
CY2015Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	152448	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	550647	USD
CY2016Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	73065	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	218243	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-915795	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3890240	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-175021	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1179646	USD
CY2015Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9283	USD
CY2016Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9283	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	529974	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	18442	USD
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	8734	USD
CY2016Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3496	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	8294	USD
CY2015Q3	us-gaap	Production Tax Expense ProductionTaxExpense	7178	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	26719	USD
CY2016Q3	us-gaap	Production Tax Expense ProductionTaxExpense	4097	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	11152	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	-944962	USD
	us-gaap	Profit Loss ProfitLoss	-3963918	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	-207549	USD
	us-gaap	Profit Loss ProfitLoss	-1275846	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	46883	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2721019	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2552794	USD
CY2015Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2016Q3	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2015Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29776068	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29428000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31220326	shares
CY2016Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	29277	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	22454	USD
CY2016Q3	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	17606	USD
CY2015Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	9940660	USD
CY2016Q3	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	9695367	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	70000	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	8000	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	4593	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	2129	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
CY2016Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	32729	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	109016	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-44289126	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-45469743	USD
CY2015Q3	us-gaap	Sales Revenue Net SalesRevenueNet	152448	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	550647	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	73065	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	283067	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	411527	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	72071	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-8549160	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	-9657706	USD
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31220326	shares
CY2015Q3	vyey	Management Fee Related Party ManagementFeeRelatedParty	3053	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	5728	USD
CY2016Q3	vyey	Management Fee Related Party ManagementFeeRelatedParty	772	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	3413	USD
CY2015Q4	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11316600	USD
CY2016Q3	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11071307	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	2611000	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	1372000	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
0001628280-16-021312-index-headers.html	Edgar Link	pending
0001628280-16-021312-index.html	Edgar Link	pending
0001628280-16-021312.txt	Edgar Link	pending
0001628280-16-021312-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q32016vyey_ex311.htm	Edgar Link	pending
q32016vyey_ex312.htm	Edgar Link	pending
q32016vyey_ex321.htm	Edgar Link	pending
q32016vyey_ex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vyey-20160930.xml	Edgar Link	completed
vyey-20160930.xsd	Edgar Link	pending
vyey-20160930_cal.xml	Edgar Link	unprocessable
vyey-20160930_def.xml	Edgar Link	unprocessable
vyey-20160930_lab.xml	Edgar Link	unprocessable
vyey-20160930_pre.xml	Edgar Link	unprocessable
vyey0930201610q.htm	Edgar Link	pending

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$VYEY
Victory Clean Energy Inc Stock $vyey

2016 Q4 Form 10-Q Financial Statement

#000162828016021312 Filed on November 14, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$VYEY Victory Clean Energy Inc Stock $vyey

2016 Q4 Form 10-Q Financial Statement

#000162828016021312 Filed on November 14, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY
Victory Clean Energy Inc Stock $vyey