Revenue Performance - For the three months ended September 30, 2023, the company reported revenues of $16,313,406, an increase of $4,547,431 or 38.65% compared to the same period in 2022[112]. - For the nine months ended September 30, 2023, revenues reached $45,448,916, representing an increase of $33,682,941 or 286.27% year-over-year[112]. Cost and Profit Analysis - The cost of revenue for the nine months ended September 30, 2023 was $41,174,082, an increase of $30,620,707 or 290.15% compared to the same period in 2022[115]. - Gross profit for the three months ended September 30, 2023 was $1,546,912, an increase of $334,312 or 27.57% from the previous year[116]. Operating Expenses - Operating expenses for the three months ended September 30, 2023 decreased by $1,251,500 or 35.32%, totaling $2,292,026[117]. - The company experienced a decrease in employee stock option expenses of $925,139 or 42.33% for the nine months ended September 30, 2023 compared to the previous year[118]. Financing and Liabilities - The company recorded a liability of $1,564,771 in accounts payable related to construction funded by Maxus for a new facility in Houston, Texas[109]. - The company issued a 15% secured promissory note for up to $1,950,000 to fund the relocation and installation of its Remediation Processing Center in Kuwait[108]. - The company has obligations to pay approximately $14.4 million in cash within one year, with $10 million satisfied through common stock issuance[127]. Cash Flow and Deficits - Net cash used in operating activities for the nine months ended September 30, 2023, was $(838,693), an improvement from $(3,452,980) in 2022[121]. - As of September 30, 2023, the accumulated deficit was approximately $62.1 million, up from $55.2 million as of December 31, 2022[122]. - Cash and cash equivalents as of September 30, 2023, were $1,199,097, down from $3,182,793 in 2022[123]. - The company has a working capital deficit of approximately $19 million as of September 30, 2023, which was partially addressed by a $10 million common stock issuance[127]. Investment Activities - Net cash used in investing activities for the nine months ended September 30, 2023, was primarily due to equipment purchases totaling $3,841,589 compared to $1,807,140 in 2022[126]. - Capitalized interest on construction in process was $735,919 for the nine months ended September 30, 2023, compared to $499,537 in 2022[128]. - The company anticipates further construction costs of approximately $1 million for its Texas remediation and wash plant facilities[128]. Interest and Market Performance - Interest expense for the three months ended September 30, 2023, increased by $832,879, or 162.60%, totaling $1,345,096 compared to $512,217 in 2022[119]. - Unrealized loss on marketable securities for the three months ended September 30, 2023, was $661,101, a decrease of $1,735,391, or 161.54%, from an unrealized gain of $1,074,290 in 2022[120]. Strategic Focus - The company is focusing its soil remediation efforts on projects in Kuwait and Houston, Texas, utilizing its patented processes[103]. - The company hired a new Vice President of Operations and Construction with an annual salary of $150,000 and additional stock compensation[110].

Revenue and Profit - For the three months ended June 30, 2023, the company reported revenues of $13,590,638, a 100% increase compared to none in the same period of 2022[116] - For the six months ended June 30, 2023, revenues reached $29,135,510, also a 100% increase compared to none in the same period of 2022[116] - Gross profit for the three months ended June 30, 2023, was $1,214,764, marking a 100% increase compared to none in the same period of 2022[119] - For the six months ended June 30, 2023, gross profit totaled $2,727,922, also a 100% increase compared to none in the same period of 2022[119] Cost of Revenue - The cost of revenue for the three months ended June 30, 2023, was $12,375,874, representing a 100% increase compared to none in the same period of 2022[118] - For the six months ended June 30, 2023, the cost of revenue was $26,407,588, reflecting a 100% increase compared to none in the same period of 2022[118] Operating Expenses and Cash Flow - Operating expenses for the six months ended June 30, 2023 decreased by $789,236, or 14.40%, compared to the same period in 2022, totaling $4,690,728[120] - Net cash used in operating activities for the six months ended June 30, 2023 was $1,296,778, an improvement from $2,808,793 in 2022[124] - Cash and cash equivalents as of June 30, 2023 were $2,637,971, down from $3,182,793 as of December 31, 2022[126] Debt and Financial Obligations - Interest expense for the six months ended June 30, 2023 increased by $2,354,211, or 2,048.10%, totaling $2,469,157, primarily due to $28,664,284 in notes payable from newly acquired entities[122] - The company has obligations to pay approximately $15.4 million in cash within one year, with $13.2 million potentially satisfied through common stock issuance[131] Investments and Future Plans - The company is focusing on soil remediation services, particularly in Kuwait and Houston, Texas[101] - A secured promissory note of up to $1,950,000 was issued to DIC for relocating and installing a Remediation Processing Center in Kuwait[106] - The company plans to connect a 120,000 barrel crude oil storage tank to major pipeline systems to enhance operations[100] - A new facility in Houston, Texas, is expected to be financed with approximately $2.2 million from Maxus Capital Group for build-out[111] - Capitalized interest on construction in process was $589,775 for the six months ended June 30, 2023, with anticipated further construction costs of approximately $1 million for wash plant facilities[132] Management and Compensation - The company has entered into new compensation agreements for management, with the current CEO's salary increasing from $375,000 to $1,000,000 annually, payable in common stock[121] Marketable Securities and Deficits - Unrealized loss on marketable securities for the six months ended June 30, 2023 decreased by $82,638, or 20.00%, totaling $330,551[123] - As of June 30, 2023, the accumulated deficit was approximately $59.5 million, with a working capital deficit of approximately $8.3 million[125] - The company received proceeds of $3,984,667 from the issuance of notes and other loans for the six months ended June 30, 2023[130]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 000-41286 VIVAKOR, INC. (Exact name of registrant as specified in its charter) | Nevada | 26-2178141 | | --- | --- | | (St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41286 VIVAKOR, INC. (Exact name of registrant as specified in its charter) | Nevada | 26-2178141 | | --- | --- | | (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 000-41286 VIVAKOR, INC. (Exact name of registrant as specified in its charter) Nevada 26-2178141 (St ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 000-41286 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 VIVAKOR, INC. (Exact name of registrant as specified in its charter) (State or other Jurisdicti ...

Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the Quarterly Period Ended March 31, 2022 or For the Transition Period from _________ to _________ Commission file number: 000-41286 VIVAKOR, INC. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Nevada 26-2178141 (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from _________ to __________ Commission File Number: 001-41286 VIVAKOR, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...