Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Oil and gas sales $ 1,678,817 $ 10,494,079
Power generation units and parts 2,137,601 0
Service and repairs 2,103,699 0
Total revenue 5,920,117 10,494,079
Operating expenses    
Cost of goods sold 2,451,309 0
Lease operating costs 568,515 4,746,016
General and administrative 5,294,161 1,121,235
Stock based compensation 292,808 273,750
Depreciation, depletion and amortization 499,769 2,357,002
Accretion - ARO 35,066 142,366
Total operating expenses 9,141,628 8,640,369
Income (loss) from operations (3,221,511) 1,853,710
Other income (expense)    
Interest expense (133,762) (3,252,495)
Amortization of debt discount (92,522) (1,058,356)
Change in fair value of derivatives 0 (5,668,606)
Loss on financing settlements 0 (926,531)
Interest income 100,231  
Other income (expense) (295,500) 5
Total other income (expense) (421,553) (10,905,983)
Net loss before income taxes (3,643,064) (9,052,273)
Income tax benefit (expense) 0 0
Net loss (3,643,064) (9,052,273)
Net loss attributable to noncontrolling interest (360,505) 0
Net loss attributable to Viking Energy Group, Inc. $ (3,282,559) $ (9,052,273)
Earnings (loss) per common share    
Basic and diluted $ (0.03) $ (0.13)
Weighted average number of common shares outstanding    
Basic and diluted 113,943,002 66,561,107