$VYEY
VICTORY CLEAN ENERGY, INC. Stock $vyey

$vyey Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000162828017008594 Filed on August 11, 2017

Income Statement

Concept	2017 Q3	2017 Q2	2016 Q2
Revenue	$57.76K	$70.68K	$144.0K
YoY Change	-20.94%	-50.92%	-46.59%
Cost Of Revenue	$0.00		$30.00K
YoY Change	-100.0%		-50.0%
Gross Profit	$0.00		$50.00K
YoY Change	-100.0%		-76.19%
Gross Profit Margin	0.0%		34.72%
Selling, General & Admin	$510.0K	$510.0K	$620.0K
YoY Change	168.42%	-17.74%	-42.06%
% of Gross Profit			1240.0%
Research & Development			$0.00
YoY Change
% of Gross Profit			0.0%
Depreciation & Amortization	$20.00K	$40.00K	$20.00K
YoY Change	-50.0%	100.0%	-88.24%
% of Gross Profit			40.0%
Operating Expenses	$510.0K	$510.0K	$650.0K
YoY Change	121.74%	-21.54%	-47.58%
Operating Profit	-$499.3K	-$521.5K	-$537.8K
YoY Change	185.25%	-3.03%	-59.66%
Interest Expense	$106.7K	$98.63K	$33.12K
YoY Change	220.55%	197.77%	16.31%
% of Operating Profit
Other Income/Expense, Net	-$105.9K	-$98.63K	-$31.82K
YoY Change	225.48%	209.98%	16.54%
Pretax Income	-$605.1K	-$620.2K	-$569.6K
YoY Change	191.56%	8.87%	-58.13%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$599.2K	-$585.3K	-$543.5K
YoY Change	206.46%	7.69%	-56.43%
Net Earnings / Revenue	-1037.28%	-828.08%	-377.39%
Basic Earnings Per Share
Diluted Earnings Per Share	-$743.9K	-$734.9K	-$658.5K
COMMON SHARES
Basic Shares Outstanding	31.22M shares	31.22M shares	31.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q3	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.00K	$50.00K	$60.00K
YoY Change	0.0%	-16.67%
Cash & Equivalents	$10.63K	$47.16K	$56.77K
Short-Term Investments
Other Short-Term Assets	$10.00K	$30.00K	$10.00K
YoY Change		200.0%	0.0%
Inventory
Prepaid Expenses	$10.10K	$26.72K	$5.242K
Receivables	$37.76K	$28.97K	$57.96K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$266.3K	$102.8K	$254.2K
YoY Change	41.85%	-59.54%	48.56%
LONG-TERM ASSETS
Property, Plant & Equipment	$560.0K	$580.0K	$690.0K
YoY Change	-15.15%	-15.94%	-57.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets			$30.00K
YoY Change			-57.14%
Total Long-Term Assets	$18.19M	$723.7K	$721.6K
YoY Change	2577.42%	0.29%	-57.69%
TOTAL ASSETS
Total Short-Term Assets	$266.3K	$102.8K	$254.2K
Total Long-Term Assets	$18.19M	$723.7K	$721.6K
Total Assets	$18.45M	$826.6K	$975.8K
YoY Change	2028.35%	-15.3%	-48.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$572.3K	$570.7K	$1.548M
YoY Change	-48.66%	-63.14%	-25.79%
Accrued Expenses	$419.1K	$404.4K	$394.3K
YoY Change	2.44%	2.57%	-19.29%
Deferred Revenue
YoY Change
Short-Term Debt	$550.0K	$540.0K	$680.0K
YoY Change	-17.91%	-20.59%	-13.92%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.679M	$2.849M	$3.708M
YoY Change	-50.45%	-23.16%	-6.52%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$30.00K	$40.00K	$30.00K
YoY Change	0.0%	33.33%	0.0%
Total Long-Term Liabilities	$29.69K	$40.90K	$28.09K
YoY Change	-4.63%	45.58%	-14.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.679M	$2.849M	$3.708M
Total Long-Term Liabilities	$29.69K	$40.90K	$28.09K
Total Liabilities	$1.709M	$2.890M	$3.736M
YoY Change	-50.03%	-22.65%	-6.58%
SHAREHOLDERS EQUITY
Retained Earnings	-$47.99M	-$47.39M	-$45.27M
YoY Change	5.55%	4.68%	5.52%
Common Stock	$60.71M	$36.17M	$35.80M
YoY Change	69.53%	1.03%	1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$7.720M	-$11.23M	-$9.477M
YoY Change
Total Liabilities & Shareholders Equity	$18.45M	$826.6K	$975.8K
YoY Change	2028.35%	-15.3%	-48.01%

Cashflow Statement

Concept	2017 Q3	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	-$599.2K	-$585.3K	-$543.5K
YoY Change	206.46%	7.69%	-56.43%
Depreciation, Depletion And Amortization	$20.00K	$40.00K	$20.00K
YoY Change	-50.0%	100.0%	-88.24%
Cash From Operating Activities	-$150.0K	-$500.0K	-$650.0K
YoY Change	-65.91%	-23.08%	1200.0%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	$0.00
YoY Change			-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$10.00K
YoY Change		-100.0%
Cash From Investing Activities	$0.00	$0.00	$10.00K
YoY Change		-100.0%	-102.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	110.0K	530.0K	670.0K
YoY Change	-71.79%	-20.9%	179.17%
NET CHANGE
Cash From Operating Activities	-150.0K	-500.0K	-650.0K
Cash From Investing Activities	0.000	0.000	10.00K
Cash From Financing Activities	110.0K	530.0K	670.0K
Net Change In Cash	-40.00K	30.00K	30.00K
YoY Change	-20.0%	0.0%	-116.67%
FREE CASH FLOW
Cash From Operating Activities	-$150.0K	-$500.0K	-$650.0K
Capital Expenditures	$0.00	$0.00	$0.00
Free Cash Flow	-$150.0K	-$500.0K	-$650.0K
YoY Change	-65.91%	-23.08%	-303.12%

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	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000700764
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	31220326	shares
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	VICTORY ENERGY CORP
	dei	Trading Symbol TradingSymbol	VYEY
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	420559	USD
CY2017Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	570667	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	44379	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	28972	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	746491	USD
CY2017Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	404419	USD
CY2016Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	0	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	0	USD
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	USD
CY2016	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	USD
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	7570	USD
CY2016Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	7141	USD
CY2017Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	40895	USD
CY2016Q4	us-gaap	Assets Assets	885675	USD
CY2017Q2	us-gaap	Assets Assets	826558	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	110786	USD
CY2017Q2	us-gaap	Assets Current AssetsCurrent	102844	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	305983	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	173568	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2384	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	56765	USD
CY2017Q2	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	124055	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	35795479	USD
CY2017Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	36134513	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	0	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	124055	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	20412	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	6237	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	20412	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6237	USD
CY2015Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	109171	USD
CY2016Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	83991	USD
CY2017Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	93216	USD
CY2016	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2670	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1655	USD
CY2016Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	76850	USD
CY2017Q2	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	52321	USD
CY2016	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	0	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	0	USD
CY2016	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	27850	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	56456	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	47157	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	54381	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-9299	USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	47500000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	47500000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31220326	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31220326	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31220326	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31220326	shares
CY2016Q2	us-gaap	Costs And Expenses CostsAndExpenses	681818	USD
	us-gaap	Costs And Expenses CostsAndExpenses	1214624	USD
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	31220	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	31220	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	2641	USD
CY2017Q2	us-gaap	Costs And Expenses CostsAndExpenses	587042	USD
	us-gaap	Costs And Expenses CostsAndExpenses	1248237	USD
CY2016Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	0	USD
CY2017Q2	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	160000	USD
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	0	USD
CY2017Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	35945	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	74689	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	60645	USD
CY2016Q4	us-gaap	Due From Affiliate Noncurrent DueFromAffiliateNoncurrent	137556	USD
CY2017Q2	us-gaap	Due From Affiliate Noncurrent DueFromAffiliateNoncurrent	139455	USD
CY2016Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	1489973	USD
CY2017Q2	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	1273616	USD
CY2016Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.03
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
CY2016Q2	us-gaap	Exploration Expense ExplorationExpense	0	USD
	us-gaap	Exploration Expense ExplorationExpense	0	USD
CY2017Q2	us-gaap	Exploration Expense ExplorationExpense	315	USD
	us-gaap	Exploration Expense ExplorationExpense	2218	USD
CY2016Q2	us-gaap	Gain Loss On Sale Of Property GainLossOnSaleOfProperty	64824	USD
	us-gaap	Gain Loss On Sale Of Property GainLossOnSaleOfProperty	64824	USD
CY2017Q2	us-gaap	Gain Loss On Sale Of Property GainLossOnSaleOfProperty	0	USD
	us-gaap	Gain Loss On Sale Of Property GainLossOnSaleOfProperty	0	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	623995	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1068156	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	513826	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1117488	USD
CY2016Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
CY2017Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-569628	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1068294	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-614173	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1278349	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2017Q2	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	15599	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	150107	USD
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	215683	USD
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-216357	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	20274	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-15407	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	972000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	0	USD
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	1899	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-140319	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-357789	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	15719	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-3492	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	16764	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	33124	USD
	us-gaap	Interest Expense InterestExpense	66313	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	98633	USD
	us-gaap	Interest Expense InterestExpense	187991	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	22412	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	18308	USD
	us-gaap	Interest Paid InterestPaid	22412	USD
	us-gaap	Interest Paid InterestPaid	18362	USD
CY2016Q2	us-gaap	Lease Operating Expense LeaseOperatingExpense	25774	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	63127	USD
CY2017Q2	us-gaap	Lease Operating Expense LeaseOperatingExpense	31836	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	57740	USD
CY2016Q4	us-gaap	Liabilities Liabilities	3314560	USD
CY2017Q2	us-gaap	Liabilities Liabilities	2889756	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	885675	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	826558	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3307419	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	2848861	USD
CY2016Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	7141	USD
CY2017Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	40895	USD
CY2016Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	564263	USD
CY2017Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	254500	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	7885166	USD
CY2017Q2	us-gaap	Minority Interest MinorityInterest	9164368	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1309000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10148	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	0	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-907471	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1318299	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-543474	USD
	us-gaap	Net Income Loss NetIncomeLoss	-985098	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-585290	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1252551	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-26154	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-83196	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-28883	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-25798	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-31819	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-63672	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	316000	USD
CY2017Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-97811	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-186092	USD
CY2016Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	0	USD
CY2017Q2	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	284055	USD
CY2016Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2166643	USD
CY2017Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2214709	USD
CY2016Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Impairment OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment	8283321	USD
CY2017Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Impairment OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment	8283321	USD
CY2016Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	2787986	USD
CY2017Q2	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	2795557	USD
CY2016Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	621343	USD
CY2017Q2	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	580848	USD
CY2016Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	79185	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	145178	USD
CY2017Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	70680	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	155980	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-537809	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1004622	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-516362	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1092257	USD
CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9283	USD
CY2017Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9283	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	18442	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	0	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	9951	USD
CY2017Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	26715	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	320000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	8294	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
CY2016Q2	us-gaap	Production Tax Expense ProductionTaxExpense	3782	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	7055	USD
CY2017Q2	us-gaap	Production Tax Expense ProductionTaxExpense	3806	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	8491	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	-569628	USD
	us-gaap	Profit Loss ProfitLoss	-1068294	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	-614173	USD
	us-gaap	Profit Loss ProfitLoss	-1278349	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	46883	USD
CY2017Q2	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	43622	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	30893	USD
CY2017Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	40211	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	15990	USD
CY2017Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	3411	USD
CY2016Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	9695367	USD
CY2017Q2	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	9702938	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	0	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	1597	USD
CY2016Q2	vyey	Depletionand Accretion Expense DepletionandAccretionExpense	26651	USD
	vyey	Depletionand Accretion Expense DepletionandAccretionExpense	73054	USD
	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	1655	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
CY2017Q2	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	37259	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	62300	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-46140750	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-47393299	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	144009	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	210002	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	70680	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	155980	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	33994	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	57409	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	8337	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	179034	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-10314051	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	-11227566	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2428885	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2063198	USD
CY2016Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
CY2017Q2	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1375940	USD
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
CY2017Q2	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
	vyey	Amortizationof Deferred Financing Costsasa Resultof Debt Settlement AmortizationofDeferredFinancingCostsasaResultofDebtSettlement	0	USD
	vyey	Amortizationof Deferred Financing Costsasa Resultof Debt Settlement AmortizationofDeferredFinancingCostsasaResultofDebtSettlement	163392	USD
CY2017Q2	vyey	Depletionand Accretion Expense DepletionandAccretionExpense	26295	USD
	vyey	Depletionand Accretion Expense DepletionandAccretionExpense	49720	USD
	vyey	Investment Warrants Exercise Price1 InvestmentWarrantsExercisePrice1	0.06
CY2016Q2	vyey	Management Fee Related Party ManagementFeeRelatedParty	1305	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	2641	USD
CY2017Q2	vyey	Management Fee Related Party ManagementFeeRelatedParty	822	USD
	vyey	Management Fee Related Party ManagementFeeRelatedParty	1899	USD
CY2016Q4	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11071307	USD
CY2017Q2	vyey	Oil And Gas Property Successful Effort Method Cost OilAndGasPropertySuccessfulEffortMethodCost	11078878	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	972000	USD
	vyey	Relatedpartycontribution Relatedpartycontribution	1305000	USD
	vyey	Warrants Issued WarrantsIssued	2640000	shares
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<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;">Concentrations:</font></div><div style="line-height:120%;text-align:justify;text-indent:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There is a ready market for the sale of crude oil and natural gas. During 2017 and 2016, our gas field and our producing wells sold their respective gas and oil production to one purchaser for each field or well. However, because alternate purchasers of oil and natural gas are readily available at similar prices, we believe that the loss of any of our purchasers would not have a material adverse effect on our financial results. A majority of the Company’s production and reserves are from the Eagle Ford property in South Texas and the Permian Basin of West Texas.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
	us-gaap	Property Plant And Equipment Preproduction Design And Development Costs PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Property and Equipment:</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;">Our office equipment in Austin, Texas is being depreciated on the straight-line method over the estimated useful life of </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> years.</font></div></div>
	us-gaap	Revenue Recognition Allowances RevenueRecognitionAllowances	<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;">Revenue Recognition:</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 Company uses the sales method of accounting for oil and natural gas revenues. Under this method, revenues are recognized based on actual volumes of gas and oil sold to purchasers. The volumes sold may differ from the volumes to which the Company is entitled based on our interests in the properties. Differences between volumes sold and entitled volumes create oil and natural gas imbalances which are generally reflected as adjustments to reported proved oil and natural gas reserves and future cash flows in their supplemental oil and natural gas disclosures. If their excess takes of natural gas or oil exceed their estimated remaining proved reserves for a property, a natural gas or oil imbalance liability is recorded in the Consolidated Balance Sheets.</font></div></div>
	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;">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 GAAP requires 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
0001628280-17-008594-index-headers.html	Edgar Link	pending
0001628280-17-008594-index.html	Edgar Link	pending
0001628280-17-008594.txt	Edgar Link	pending
0001628280-17-008594-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q22017vyey_ex311.htm	Edgar Link	pending
q22017vyey_ex312.htm	Edgar Link	pending
q22017vyey_ex321.htm	Edgar Link	pending
q22017vyey_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
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
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
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-20170630.xml	Edgar Link	completed
vyey-20170630.xsd	Edgar Link	pending
vyey-20170630_cal.xml	Edgar Link	unprocessable
vyey-20170630_def.xml	Edgar Link	unprocessable
vyey-20170630_lab.xml	Edgar Link	unprocessable
vyey-20170630_pre.xml	Edgar Link	unprocessable
vyey06301710q.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$VYEY
VICTORY CLEAN ENERGY, INC. Stock $vyey

2017 Q3 Form 10-Q Financial Statement

#000162828017008594 Filed on August 11, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY VICTORY CLEAN ENERGY, INC. Stock $vyey

2017 Q3 Form 10-Q Financial Statement

#000162828017008594 Filed on August 11, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VYEY
VICTORY CLEAN ENERGY, INC. Stock $vyey