VIVK on Nasdaq
Vivakor, Inc.
Vivakor, Inc. is an American refuse systems company based in Dallas, listed on Nasdaq (VIVK).1
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Last updated Oct 21, 2026.
Overview
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- TickerVIVK on Nasdaq1
- IndustryRefuse Systems1
- HeadquartersDallas, Texas1
- Incorporated inNV2
- Business address5220 Spring Valley Rd., Suite Ll20, Dallas, Tx 752542
- Filer category, Emerging growth company2
- Legal formCorporation
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Vivakor, Inc. was originally organized in 2006 as a Nevada limited liability company and converted to a Nevada corporation in 2008. Since then, we have grown through strategic acquisitions and the development of our integrated midstream platform, which provides crude oil transportation, terminaling, and marketing services across major U.S. producing basins.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Revenues brought in 81% of the revenue Vivakor, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Revenues | $58.6M | $84.2M |
| Revenues Related Party | $31.2M | $20.2M |
Business segments
Supply and Trading brought in 68% of the revenue Vivakor, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Supply and Trading | $57.6M | |
| Transportation and Logistics | $18.8M | $23.2M |
| Terminaling and Storage | $39.8M | $3.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue64¢$66.7M
- Other costs36¢$37.6M
- Income tax0¢$117.0K
Out of $104.4M in revenue.45 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $104.4M | $89.8M |
| Cost of revenues | $66.7M | $79.6M |
| Gross profit | $37.7M | $10.2M |
| Sales and marketing | $8.2K | $15.3K |
| General and administrative | $43.0M | $12.2M |
| Impairment expense | $40.6M | $8.6M |
| Amortization and depreciation | $18.0M | $11.4M |
| Total operating expenses | $101.6M | $32.2M |
| Gain (loss) from operations | -$63.8M | -$22.0M |
| Unrealized gain (loss) on marketable securities | -$413.2K | $165.3K |
| Gain (loss) on disposition of assets | -$1.2M | $57.2K |
| Gain on deconsolidation of subsidiary | $177.6K | |
| Loss on conversion of debt | -$17.4M | |
| Interest income | $73.5K | $60.4K |
| Interest expense | -$26.7M | -$4.7M |
| Interest expense - related parties | -$444.3K | -$121.5K |
| Other income (loss) | -$216.2K | $127.5K |
| Total other income (expense) | -$46.3M | -$4.2M |
| Loss before provision for income taxes | -$110.1M | -$26.2M |
| Provision for income taxes | -$117.0K | -$126.9K |
| Consolidated net loss | -$110.2M | -$26.4M |
| Less: Net loss attributable to noncontrolling interests | -$5.1K | -$4.2M |
| Net loss attributable to Vivakor, Inc. | -$110.2M | -$22.2M |
| Series A Preferred Stockholder Dividends | $5.1M | $853.2K |
| Net loss to common shareholders | -$115.3M | -$23.0M |
| Basic net loss per share | -$318.01 | -$151.32 |
| Diluted net loss per share | -$318.01 | -$151.32 |
| Basic weighted average common shares outstanding | 362.6K shares | 152.3K shares |
| Diluted weighted average common shares outstanding | 362.6K shares | 152.3K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $265.0K | $651.0K | |
| Cash - restricted | $1.8M | $3.0M | |
| Accounts receivable, net of allowance for credit losses of $0 at December 31, 2025 and December 31, 2024, respectively | $3.5M | $1.6M | |
| Accounts receivable - related party | $1.4M | $4.6M | |
| Prepaid expenses | $832.8K | $1.2M | |
| Marketable securities | $247.9K | $661.1K | |
| Inventories | $82.4K | $205.5K | |
| Total current assets | $8.2M | $12.0M | |
| Other assets | $491.2K | $3.6M | |
| Notes receivable | $279.6K | $242.7K | |
| Property and equipment, net | $58.3M | $100.0M | |
| Right of use assets - operating leases | $494.8K | $4.9M | |
| Intellectual property, net | $7.5M | $8.3M | |
| Customer relationships, net | $38.2M | $43.0M | |
| Goodwill | $68.9M | $15.0M | |
| Total assets | $113.5M | $241.0M | |
| Accounts payable and accrued expenses | $14.0M | $34.3M | |
| Accounts payable and accrued expenses - related parties | $1.8M | $832.0K | |
| Accrued compensation | $41 | $1.2M | |
| Unearned revenue | $9.1M | $9.1M | |
| Operating lease liabilities, current | $272.5K | $2.6M | |
| Finance lease liabilities, current | $9.1M | $4.3M | |
| Loans and notes payable, current | $7.4M | $39.0M | |
| Loans and notes payable, current - related parties | $3.6M | $22.1M | |
| Derivative liabilities | $9.1M | ||
| Other liabilities | $7.1M | ||
| Total current liabilities | $61.5M | $113.5M | |
| Operating lease liabilities, long term | $222.3K | $2.2M | |
| Finance lease liabilities, long term | $5.1M | ||
| Loans and notes payable, long term | $7.9M | $4.9M | |
| Loans and notes payable, long term - related parties | $6.7M | ||
| Deferred tax liability | $0 | $154.4K | |
| Total liabilities | $76.3M | $125.9M | |
| Preferred stock, $0.001 par value; 15,000,000 shares authorized, 96,731 and 107,789 outstanding as of December 31, 2025 and December 31, 2024 | $97 | $108 | |
| Common stock, $0.001 par value; 500,000,000 shares authorized; 2,013,106 and 208,546 were issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $402.6K | $41.7K | |
| Additional paid-in capital | $245.2M | $208.2M | |
| Treasury stock, at cost | -$20.0K | -$20.0K | |
| Accumulated deficit | -$204.3M | -$89.0M | |
| Total Vivakor, Inc. stockholders equity (deficit) | $41.3M | $119.2M | |
| Noncontrolling interest | -$4.1M | -$4.1M | |
| Total stockholders equity (deficit) | $37.2M | $115.1M | $17.2M |
| Total liabilities and stockholders equity (deficit) | $113.5M | $241.0M | |
| Allowance for credit losses | $0 | $0 | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock shares authorized | 15.0M shares | 15.0M shares | |
| Preferred stock shares outstanding | 96.7K shares | 107.8K shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares outstanding | 2.0M shares | 208.5K shares | |
| Common stock, shares issued | 2.0M shares | 208.5K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $265.0K | $651.0K | |
| Cash - restricted | $1.8M | $3.0M | |
| Accounts receivable, net of allowance for credit losses of $0 at December 31, 2025 and December 31, 2024, respectively | $3.5M | $1.6M | |
| Accounts receivable - related party | $1.4M | $4.6M | |
| Prepaid expenses | $832.8K | $1.2M | |
| Marketable securities | $247.9K | $661.1K | |
| Inventories | $82.4K | $205.5K | |
| Total current assets | $8.2M | $12.0M | |
| Other assets | $491.2K | $3.6M | |
| Notes receivable | $279.6K | $242.7K | |
| Property and equipment, net | $58.3M | $100.0M | |
| Right of use assets - operating leases | $494.8K | $4.9M | |
| Intellectual property, net | $7.5M | $8.3M | |
| Customer relationships, net | $38.2M | $43.0M | |
| Goodwill | $68.9M | $15.0M | |
| Total assets | $113.5M | $241.0M | |
| Accounts payable and accrued expenses | $14.0M | $34.3M | |
| Accounts payable and accrued expenses - related parties | $1.8M | $832.0K | |
| Accrued compensation | $41 | $1.2M | |
| Unearned revenue | $9.1M | $9.1M | |
| Operating lease liabilities, current | $272.5K | $2.6M | |
| Finance lease liabilities, current | $9.1M | $4.3M | |
| Loans and notes payable, current | $7.4M | $39.0M | |
| Loans and notes payable, current - related parties | $3.6M | $22.1M | |
| Derivative liabilities | $9.1M | ||
| Other liabilities | $7.1M | ||
| Total current liabilities | $61.5M | $113.5M | |
| Operating lease liabilities, long term | $222.3K | $2.2M | |
| Finance lease liabilities, long term | $5.1M | ||
| Loans and notes payable, long term | $7.9M | $4.9M | |
| Loans and notes payable, long term - related parties | $6.7M | ||
| Deferred tax liability | $0 | $154.4K | |
| Total liabilities | $76.3M | $125.9M | |
| Preferred stock, $0.001 par value; 15,000,000 shares authorized, 96,731 and 107,789 outstanding as of December 31, 2025 and December 31, 2024 | $97 | $108 | |
| Common stock, $0.001 par value; 500,000,000 shares authorized; 2,013,106 and 208,546 were issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $402.6K | $41.7K | |
| Additional paid-in capital | $245.2M | $208.2M | |
| Treasury stock, at cost | -$20.0K | -$20.0K | |
| Accumulated deficit | -$204.3M | -$89.0M | |
| Total Vivakor, Inc. stockholders equity (deficit) | $41.3M | $119.2M | |
| Noncontrolling interest | -$4.1M | -$4.1M | |
| Total stockholders equity (deficit) | $37.2M | $115.1M | $17.2M |
| Total liabilities and stockholders equity (deficit) | $113.5M | $241.0M | |
| Allowance for credit losses | $0 | $0 | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock shares authorized | 15.0M shares | 15.0M shares | |
| Preferred stock shares outstanding | 96.7K shares | 107.8K shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares outstanding | 2.0M shares | 208.5K shares | |
| Common stock, shares issued | 2.0M shares | 208.5K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Consolidated net loss | -$110.2M | -$26.4M |
| Amortization and depreciation | $18.0M | $11.4M |
| Impairment loss | $40.6M | $8.6M |
| Stock-based compensation | $1.5M | $2.6M |
| Stock-based compensation - consultant | $1.9M | $20.0K |
| Unrealized gain (loss) on marketable securities | $413.2K | -$165.3K |
| Gain (loss) on disposition of assets | $1.2M | |
| Loss on conversion of debt | $17.4M | |
| Gain on forgiveness of debt | -$2.0M | |
| Gain on deconsolidation of subsidiary | -$177.6K | |
| Noncash interest charges | $17.4M | $4.8M |
| Deferred tax liability | $117.0K | $66.1K |
| Adjustments from operating leases | -$243.8K | $39.4K |
| Interest on notes receivable | -$36.8K | -$25.5K |
| Accounts receivable | -$22.8M | -$5.1M |
| Prepaid expenses | $351.9K | $970.2K |
| Inventories | $101.6K | -$114.4K |
| Other assets | $25.0K | -$2.2M |
| Accounts payable and accrued expenses | $13.4M | $7.5M |
| Operating lease liabilities | $7.1M | $0 |
| Net cash provided by (used in) operating activities | -$15.8M | $1.8M |
| Return of cash for divestiture | -$746.1K | |
| Acquisition of assets | $4.8M | |
| Proceeds from sale of property and equipment | $2.4M | |
| Purchase of equipment | -$25.5K | -$4.5M |
| Net cash provided by (used in) investing activities | $1.7M | $302.2K |
| Payment on financing lease liabilities | -$2.6M | -$2.0M |
| Proceeds from loans and notes payable | $18.0M | $5.8M |
| Proceeds from loans and notes payable - related party | $3.1M | $1.7M |
| Payment of notes payable | -$12.9M | -$3.3M |
| Payment of notes payable - related party | -$2.7M | -$2.8M |
| Proceeds from sale of common stock | $9.7M | $1.4M |
| Net cash provided by (used in) financing activities | $12.5M | $819.7K |
| Net increase (decrease) in cash and cash equivalents | -$1.6M | $2.9M |
| Interest | $1.1M | $1.0M |
| Return of preferred stock as consideration for divestiture, net | $1.5M | |
| Common stock and Series A preferred stock issued for acquisition | $116.3M | |
| Accounts payable on purchase of equipment | $2.8M | |
| Notes payable settled against working capital items for netting arrangement | $19.2M | |
| Security deposits and reserves applied to finance lease liabilities | $3.0M | |
| Series A preferred shareholder stock dividends | $5.1M | $853.2K |
| Common stock issued with debt | $1.4M | $944.3K |
| Common stock issued for a reduction in liabilities | 719.6K shares | 859.3K shares |
| Common stock issued for legal settlement | 2.0M shares | |
| Common stock issued for services | $735.6K | |
| Common stock issued on conversion of debt | $16.6M | $2.2M |
No quarter-by-quarter statement was filed.
Corporate structure
Vivakor, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Vivakor, Inc.
- James H. Ballengee Filed SC 13D on Vivakor, Inc., latest Aug 11, 2022
- Vivakor, Inc. Dallas, Texas
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Vivakor, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $66.1M4 Dec 31, 2025 | $108.7M4 Dec 31, 2024 | −39.2% |
| Accumulated depreciation | $7.8M4 Dec 31, 2025 | $8.7M4 Dec 31, 2024 | −10.2% |
| Property and equipment, net | $58.3M4 Dec 31, 2025 | $100.0M4 Dec 31, 2024 | −41.7% |
| Operating-lease assets (leased space) | $494.8K4 Dec 31, 2025 | $4.9M4 Dec 31, 2024 | −89.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $265.0K4 Dec 31, 2025 | $651.0K4 Dec 31, 2024 | −59.3% |
Intangibles and goodwill
Inventory
Properties, in its own words
Through a subsidiary, we currently lease executive office space in Dallas, Texas.
We own the following properties through various subsidiaries:
The rest of Item 2
● · Approximately 9.4 acres in Richland Parish, Louisiana, underlying our Delhi, Louisiana facility.
● · Approximately 7 acres in Scurry County, Texas, underlying our Colorado City, Texas terminal facility.
● · Easements and rights of way covering approximately 45 miles related with the Omega Gathering Pipeline.
In addition, we lease land or hold access rights for the operation of ten crude oil pipeline injection truck stations in Texas, New Mexico, and North Dakota through an operating subsidiary in our facilities segment. We believe these facilities are in good condition. Another operating subsidiary leases a portion of approximately 58.8 acres of land in Frio County, Texas, used for a truck yard, office, and shop, and we also lease approximately five acres in Ward County, Texas for a truck yard and shop.
Item 2 of the 10-K filed Apr 15, 2026.3
Leadership
Who has led Vivakor, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief executive officerMatthew Nicosia Feb 18, 2022 to Jun 13, 202212
- Chief executive officerJames H. Ballengee Nov 29, 2022 to now13
- Chief executive officerEd Corrente Oct 13, 2009 to Oct 13, 200914
- Chief executive officerTannin J. Fuja Dec 23, 2008 to Oct 13, 200915
- ChairJames H. Ballengee Aug 6, 2024 to now16
- PresidentJames H. Ballengee Aug 6, 2024 to now16
- PresidentEd Corrente Oct 13, 2009 to Oct 13, 200914
- PresidentTannin J. Fuja Dec 23, 2008 to Oct 13, 200915
- Chief financial officerKimberly Ann Hawley Dec 4, 2025 to now17
- Chief financial officerTyler Robert Nelson Mar 2, 2022 to Jun 13, 202218
- Chief financial officerEd Corrente Dec 23, 2008 to Oct 13, 200919
Board members and other officers (10)
- EVP, Gen. Counsel, & SecretaryPatrick Knapp Jul 30, 2024 to Jul 30, 202420
- Board memberTrent Philip Staggs Feb 24, 2022 to Oct 26, 202221
- Board memberJoseph S. Spence Jr. Feb 28, 2022 to Feb 28, 202222
- Board memberJames H. Ballengee Nov 29, 2022 to now13
- Board memberDavid Natan Dec 19, 2022 to Dec 19, 202223
- Board memberJohn Gryga Oct 9, 2009 to Apr 20, 201024
- Board memberFritz Lin Dec 4, 2009 to Apr 20, 201025
- Board memberFrancis Wen-Hou Chen Dec 9, 2009 to Dec 9, 200926
- Board memberMatthew Nicosia Dec 23, 2008 to Jun 13, 202227
- Board memberTannin J. Fuja Dec 23, 2008 to Oct 13, 200915
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Oct 15, 20268-K Unregistered sale of shares29
- Oct 9, 20268-K Unregistered sale of shares; Regulation FD disclosure30
- Oct 6, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure31
- Sep 30, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure32
- Sep 9, 20268-K Unregistered sale of shares; Regulation FD disclosure33
- Aug 13, 20268-K Unregistered sale of shares; Regulation FD disclosure34
- Aug 4, 20268-K Unregistered sale of shares35
- Jul 27, 20268-K Unregistered sale of shares; Regulation FD disclosure36
- Jul 21, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure37
- Jul 16, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure38
- Jul 10, 20268-K Entered a material agreement; Unregistered sale of shares39
- Jun 30, 20268-K Shareholder vote; Regulation FD disclosure40
- Nov 29, 2022New chief executive James H. Ballengee becomes CEO13
- Feb 18, 2022New chief executive Matthew Nicosia becomes CEO12
- Oct 13, 2009New chief executive Ed Corrente becomes CEO14
- Dec 23, 2008New chief executive Tannin J. Fuja becomes CEO15
Calendar
Coming up
- Nov 18, 2026Reports results for the quarter ending Sep/202641
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
266 filings to the SEC since October 2021: 7 annual reports, 14 quarterly reports, 119 major events, 30 insider forms, 1 large holders, 1 private raises, 94 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 9, 20268-K EDGAR
- Oct 6, 20268-K EDGAR
- Sep 30, 20268-K EDGAR
- Sep 9, 20268-K EDGAR
- Aug 19, 202610-Q EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Aug 13, 20268-K EDGAR
- Aug 4, 20268-K EDGAR
- Jul 27, 20268-K EDGAR
- Jul 21, 20268-K EDGAR
- Jul 21, 2026424B3 EDGAR
- Jul 16, 2026EFFECT EDGAR
- Jul 16, 20268-K EDGAR
- Jul 10, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- Jun 25, 2026S-1/A EDGAR
- Jun 18, 20268-K EDGAR
- Jun 15, 20268-K EDGAR
- Jun 10, 2026S-8 EDGAR
The 266 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 15 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 3, 2024 | Ballengee James H.CEO | Buy | 1,000 | $1.57 | $1.6K | Form 4 |
| May 31, 2024 | Ballengee James H.CEO | Buy | 12,612 | $1.53 | $19.3K | Form 4 |
| May 30, 2024 | Ballengee James H.CEO | Buy | 15,139 | $1.52 | $23.0K | Form 4 |
| May 29, 2024 | Ballengee James H.CEO | Buy | 42,098 | $1.35 | $56.8K | Form 4 |
| May 28, 2024 | Ballengee James H.CEO | Buy | 15,277 | $1.37 | $20.9K | Form 4 |
| May 24, 2024 | Ballengee James H.CEO | Buy | 41,381 | $1.27 | $52.6K | Form 4 |
| May 23, 2024 | Ballengee James H.CEO | Buy | 30,744 | $1.29 | $39.7K | Form 4 |
| Apr 24, 2024 | Ballengee James H.CEO | Buy | 47,500 | $1.59 | $75.5K | Form 4 |
| Apr 23, 2024 | Ballengee James H.CEO | Buy | 54,500 | $1.44 | $78.5K | Form 4 |
| Apr 22, 2024 | Ballengee James H.CEO | Buy | 138,000 | $1.37 | $189.1K | Form 4 |
| Apr 19, 2024 | Ballengee James H.CEO | Buy | 30,000 | $1.12 | $33.6K | Form 4 |
| Feb 23, 2022 | Nicosia MatthewChief Executive Officer | Buy | 3,528 | Form 4 | ||
| Feb 17, 2022 | Nicosia MatthewChief Executive Officer | Buy | 320 | $2.95 | $944 | Form 4 |
| Feb 16, 2022 | Nicosia MatthewChief Executive Officer | Buy | 591 | $3.05 | $1.8K | Form 4 |
| Feb 16, 2022 | Nicosia MatthewChief Executive Officer | Buy | 320 | $2.95 | $944 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- James H. BallengeeSC 13D, 1 filing Aug 11, 202242
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | James Ballengee | 60 | $1.0M | $1.0M43 |
| 2025 | Tyler Nelson | $478.8K | $595.4K43 | |
| 2025 | Pat Knapp, | $359.6K | $459.6K43 | |
| 2025 | Russ Shelton | $406.8K43 | ||
| 2025 | Les Patterson | $291.0K | $337.6K43 | |
| 2025 | Kimberly Hawley | $148.1K | $3.2K43 | |
| 2024 | Former CFO | $450.0K | $1.5M43 | |
| 2024 | CEO and Chairman | $1.0M | $1.1M43 | |
| 2024 | Former Exec VPGC and Secretary | $188.5K | $444.3K43 | |
| 2024 | Former COO | $76.5K | $231.2K43 |
Money raised
Private offerings the company reported to the SEC on Form D.
- May 14, 2025Raised $650,000 in a private offering of securities Form D: $5 million offered in all Form D
SEC filer profile
How Vivakor, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVivakor, Inc.1
- CIK0001450704
- Employer ID (EIN)26-21781413
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)4953 Refuse Systems1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address5220 Spring Valley Rd., Suite Ll20, Dallas, TX 752541
- Phone(949) 281-26061
- Shares outstanding8,183,626 as of Aug 18, 20265
- Public float$21.6M as of Jun 30, 20253
- AuditorUrish Popeck & Co., LLC, Pittsburgh, PA PCAOB ID 1013; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceNov 17, 20081
- Filings364 in all: 8-K (124), 4 (28), CORRESP (22), 10-Q (20), S-1/A (20), UPLOAD (19), 3 (17), NT 10-Q (15)1
All 40 form types
EFFECT (10), 10-K (7), 8-K/A (7), DEF 14A (6), NT 10-K (6), S-1 (6), POS AM (5), D (4), PRE 14A (4), S-8 (4), SC 13D (4), 10-Q/A (3), 424B3 (3), 424B5 (3), 10-K/A (2), 15-12G (2), 5 (2), D/A (2), DEFA14A (2), PRER14A (2), REGDEX (2), S-3 (2), SC 13G (2), 15-12G/A (1), 15-15D (1), 4/A (1), 424B4 (1), 425 (1), 8-A12B (1), 8-A12G (1), CERT (1), S-3/A (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) Jun 8, 2026
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value | VIVK | Nasdaq |
From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Vivakor, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 44 risks under these headings, as written.3
- Risks Related to Our Company
- Our business is substantially dependent on oil and natural gas exploration, development, and production activity.
- Our revenues are sensitive to fluctuations in oil and natural gas prices.
- Our business is dependent on the oil industry, which is subject to numerous worldwide variables.
- Low oil prices may substantially impact our ability to generate revenues.
- Our operations are subject to unforeseen interruptions and hazards inherent in the oil and gas industry, for which we may not be adequately insured and which could cause us to lose customers and substantial revenue.
- A substantial portion of our operating assets are located in the Permian and Eagle Ford Basins, making us vulnerable to risks associated with geographic concentration in two geographic areas.
- Our primary business is impacted by the oil industry and the manufacturing industry, which are subject to uncertain economic conditions.
- We may not be successful in pursuing additional commercial opportunities for our facilities and transportation assets.
- Our construction of new facilities and infrastructure and successful execution upon our growth plans is subject to regulatory, construction, supply chain and other risks common in the development and operation of facilities and other infrastructure.
- Because we rely on a limited number of key employees who are instrumental to our ability to conduct and grow our business, the loss of any of these individuals could materially and adversely affect our ability to successfully operate and expand our business.
- We may have difficulty raising additional capital when needed, and any such financing could result in dilution to existing stockholders or the issuance of securities with rights, preferences, or privileges that are senior to those of our common stock, which could materially and adversely affect existing stockholders.
The other 33 risks
- We are subject to the significant influence of one of our current officers and directors, and his interests may not always coincide with those of our other stockholders.
- Failure to effectively manage our expected growth could place strains on our managerial, operational and financial resources and could adversely affect our business and operating results.
- We have historically suffered net losses, and we may not be able to sustain profitability.
- Our financial condition casts doubts about our ability to continue as a going concern.
- We have identified material weaknesses in our internal control over financial reporting, and any failure of these controls could prevent accurate financial reporting or fraud prevention and materially undermine investor confidence in our common stock.
- Because we are required to obtain and maintain a variety of permits to operate our business, failure to successfully obtain or maintain such permits could materially and adversely affect our operations.
- Because we are required to pay permit and approval fees to operate in certain business segments and locations, failure to pay such fees could materially and adversely affect our business.
- Because we and our customers are subject to numerous domestic and international governmental regulations, our continued success depends on our ability to comply with these requirements.
- We currently depend, and are likely to continue to depend, on a limited number of customers for a significant portion of our revenues related to our operations.
- If we are unable to begin operations with our RPCs and remediation services, or if delays or other risks inherent in early-stage operations occur, we could incur substantial losses.
- We will continue to be subject to competition in our business segments.
- We carry insurance coverage against liabilities for personal injury, commercial liability, pollution, death and property damage, but there is no guarantee this coverage will be sufficient to cover us against all claims.
- We may be unable to adequately protect our proprietary rights.
- We may become involved in lawsuits to protect or enforce our patents that would be expensive and time consuming.
- Our business involves litigation risk, and we are currently involved in litigation that may impact our business.
- Because our operations depend on our ability to transport equipment to various locations, any increase in cost or disruption in the availability or reliability of transportation could adversely affect our business.
- The lands on which we conduct our business operations must be properly zoned for our services. If they aren’t then it could impact our business.
- Data security breaches are increasing worldwide. If we are the victim of such a breach it will materially impact our business.
- We may indemnify our directors and officers against liability to us and holders of our securities, and such indemnification could increase our operating costs.
- We may be subject to liability if our equipment, facilities, and assets do not perform as expected.
- Any accident at our facilities could subject us to substantial liability.
- Business operations could be materially affected if key components are unavailable or supplier production is delayed.
- Any shortage of skilled labor or inability to secure qualified third-party contractors could materially disrupt our operations and adversely affect our business.
- Union activities could adversely impact our business.
- Future acquisitions may fail, be costly, or difficult to integrate, which could materially harm our business and stock value.
- Our ability to grow and execute our core business operations may be limited.
- We may have insufficient resources to cover our operating expenses and the expenses of raising money and consummating acquisitions.
- The conflict in Iran, which escalated sharply in late February 2026, has caused uncertainty in the energy markets.
- Risks Related to our Common Stock
- Although our shares of Common Stock are listed on The Nasdaq Capital Market, our shares of Common Stock are subject to potential delisting if we do not meet or continue to maintain the listing requirements of The Nasdaq Capital Market.
- Our Common Stock may be affected by limited trading volume and our share price may be volatile, which could adversely impact the value of our Common Stock.
- If our shares become subject to the penny stock rules, it would become more difficult to trade our shares.
- Conversion of our outstanding convertible notes could result in substantial dilution to existing stockholders and depress the market price of our common stock.
- Although we do not believe that we are, or will be, an investment company covered by the Investment Company Act of 1940, if we are deemed to be an investment company, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to engage in strategic transactions.
Legal proceedings
Vivakor, Inc. v. Al-Dali International General Trading and Contracting Company, et al., Case No. JDFC603 251052410 (Kuwait Court of First Instance, Mar. 25, 2025)—Plaintiff has asserted claims for breach of contract, unjust enrichment, and injunctive relief against Defendants Al-Dali Global Trading and Contracting Company, Al-Sayer Construction General Trading and Contracting Company, and Kuwait Oil Company relating to the placement and operation of oilfield remediation processing equipment in Kuwait. Plaintiff seeks total damages in excess of $15,000,000.00.
Vivakor, Inc., et al., v. Unique Funding Solutions, LLC et al., Cause No. DC-25-05926 (95th Dist. Ct., Dallas Cty., Tex.—April 15, 2025)—Plaintiffs allege fraud, fraudulent liens, fraudulent inducement, conversion, money had and received, and seek a declaratory judgment relating to claims of Defendants for payment on a receivables factoring contract claiming damages in excess of $5 million. The case is in initial pleadings. Plaintiffs intend to vigorously pursue the case.
AE Systems, LLC v. VivaVentures Remediation Corporation, (In re AE Systems, LLC) Ch. 7 Case No. 25-30186, Adv. No. 460285 (Bankr. S.D. Tex., filed Aug. 8, 2025)—Debtor claims breach of contract and damages of $156,356.00 for goods provided and services performed at Defendant’s site in Harris County, Texas. Defendant has contested the amount due on grounds that Debtor materially breached with their contract. Defendant has contested Debtor’s claims. No amount has been reserved in connection with the dispute.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARVivakor, Inc. filings on SEC EDGAR
- 2SEC EDGARVivakor, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARVivakor, Inc. 10-K for fiscal 2025
- 5SEC EDGARVivakor, Inc. 10-K for fiscal 2025
- 6SEC EDGARVivakor, Inc. 10-K for fiscal 2020
- 7SEC EDGARVivakor, Inc. 10-K for fiscal 2021
- 8SEC EDGARVivakor, Inc. 10-K for fiscal 2022
- 9SEC EDGARVivakor, Inc. 10-K for fiscal 2023
- 10SEC EDGARVivakor, Inc. 10-Q for fiscal 2025
- 11SEC EDGARVivakor, Inc. 10-Q for fiscal 2026
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- 13
- 14SEC EDGAREd Corrente, Chief executive officer
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- 16SEC EDGARJames H. Ballengee, Chair
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- 19SEC EDGAREd Corrente, Chief financial officer
- 20
- 21SEC EDGARTrent Philip Staggs, Board member
- 22SEC EDGARJoseph S. Spence Jr., Board member
- 23SEC EDGARDavid Natan, Board member
- 24SEC EDGARJohn Gryga, Board member
- 25SEC EDGARFritz Lin, Board member
- 26SEC EDGARFrancis Wen-Hou Chen, Board member
- 27SEC EDGARMatthew Nicosia, Board member
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- 29SEC EDGARUnregistered sale of shares
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- 31
- 32
- 33
- 34
- 35SEC EDGARUnregistered sale of shares
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- 41NasdaqNasdaq calendar
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