Vivakor, Inc. is a publicly traded company based in Nevada that operates in energy-related sectors with a focus on energy acquisition and asset management.

# Vivakor, Inc. Company Summary

**Company Name:** Vivakor, Inc.  
**State of Incorporation:** Nevada  
**Headquarters Address:** 5220 Spring Valley Road, Suite 500, Dallas, TX 75254  
**Telephone:** (949) 281-2606  

## Business Overview
Vivakor, Inc. is a publicly traded company listed on The Nasdaq Capital Market under the ticker symbol **VIVK**. It operates in the sectors relevant to energy, technology, or resource management, as suggested by its involvement in energy acquisition and asset management, although specific business activities are not detailed in the provided excerpt.

## Capital Structure
- **Common Stock:** $0.001 par value
- **Outstanding Shares (as of April 14, 2025):** 44,575,570 shares
- **Market Value (as of June 30, 2024):** $58,271,094 (based on closing price of $2.00 per share)

## Business Size and Operations
- **Number of Customers:** Not specified
- **Number of Employees:** Not specified
- **Revenue:** Not specified
- **Net Income:** Not specified

## Filing Details
- **Form:** 10-K/A (Amendment No. 1)
- **Fiscal Year End:** December 31, 2024
- **Filing Date:** April 15, 2025  

## Key Points
- The company filed an initial Annual Report on Form 10-K for the year 2024 and is amending it specifically to include the omitted Exhibit 97, its Compensation Recovery Policy.
- It is classified as an *emerging growth company* and a *smaller reporting company*.
- The company’s financial specifics and operational metrics such as revenue, profits, customer base, and employee count are not provided within this excerpt. 

**Note:** The document primarily outlines regulatory and legal filing information, including details about organizational structure, stock data, and the filing history, without specific operational or financial data.

Vivakor, Inc. specializes in acquiring and develop technologies in the oil and gas sector, providing environmentally sustainable solutions like crude oil operations and soil remediation services.

# Vivakor, Inc. Overview

**Business Sector**:  
Vivakor, Inc. is a socially responsible operator, acquirer, and developer of technologies and assets primarily in the oil and gas industry. The company also provides related environmental solutions, including crude oil gathering, storage, transportation, and contaminated soil remediation services.

## Operations

1. **Crude Oil Operations**:
   - **Facilities**:
     - Operates crude oil gathering, storage, and transportation facilities in Louisiana and Texas.
     - SFD facility gathers and sells approximately 1,400 to 2,000 barrels of crude oil daily, with a capacity of up to 4,000 barrels per day.
     - WC Crude operates a 120,000-barrel crude oil storage tank in Colorado City, Texas, currently connected to the Lotus pipeline system.

   - **Revenue**:
     - For the fiscal year ending December 31, 2023, generated $59.3 million in total revenue, of which:
       - **$46.3 million** was from product revenue from third parties.
       - **$13.1 million** from product revenue from related parties.

2. **Soil Remediation Services**:
   - Specializes in remediation technology aimed at extracting hydrocarbons from contaminated soil.
   - Uses patented Remediation Processing Centers (RPCs) to process contaminated material.
   - Currently active projects include a collaboration with Kuwait Oil Company for a multi-billion dollar cleanup project funded by the United Nations, focusing on oil contamination from the Gulf Wars.

3. **Market Presence**:
   - The company has made significant strides in the midstream oil and gas sector, focusing on acquiring assets and technologies that are complementary to its existing operations.

## Financials

- **Revenue Growth**: 
  - Revenue increased from **$28.1 million in 2022** to **$59.3 million in 2023**, reflecting an increase of **111.06%**.
  
- **Cost of Revenue**: 
  - Increased from **$25.2 million in 2022** to **$54.3 million in 2023**.

- **Gross Profit**: 
  - Improved from **$2.9 million in 2022** to **$5 million in 2023**.

- **Net Loss**: 
  - For 2023, the net loss was **$10.8 million**, reduced from a loss of **$20.2 million in 2022**.

## Employees
- As of the report date, Vivakor employs **5 full-time employees** including the CEO, CFO, and additional administrative and operational staff. The company relies on independent contractors for various operational roles.

## Customer Base
- The company’s revenues are primarily derived from two major customers, one of which is a related party, indicating a high concentration of revenue and potential risk associated with reliance on a small number of clients.

## Conclusion
Vivakor, Inc. shows significant growth potential in the oil and gas sector with a focus on environmentally sustainable practices through soil remediation and effective management of hydrocarbon extraction technologies. However, it also faces financial challenges, as evidenced by historical net losses and ongoing capital requirements. The company is actively working on growth strategies, including expanding its operations and customer base while managing financial health and compliance obligations.

Vivakor, Inc.

10-K / May 2, 2025

10-K / April 17, 2024

10-K / May 2, 2025

Vivakor, Inc. Company Summary

Business Overview

Capital Structure

Business Size and Operations

Filing Details

Key Points