Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 4,902,157 $ 3,467,938
Accounts receivable, net 5,274,223 8,781,086
Inventory 8,438,164 5,490,435
Notes receivable 0 3,000,000
Prepaids and other current assets 316,937 1,065,967
Total current assets 18,931,481 21,805,426
Oil and gas properties, full cost method    
Proved developed producing oil and gas properties, net 725,607 6,609,198
Proved undeveloped and non-producing oil and gas properties, net 552,638 8,216,373
Total oil and gas properties, net 1,278,245 14,825,571
Fixed assets, net 1,787,350 1,487,012
Right of use assets, net 4,680,942 5,790,147
ESG Clean Energy license, net 4,654,939 4,885,825
Other intangibles - Simson Maxwell, net 3,748,653 3,874,117
Other intangibles - Variable Interest Entities 15,433,340 0
Due from related parties 456,068 4,835,153
Goodwill 0 252,290
Deposits and other assets 10,300 395,315
TOTAL ASSETS 50,981,318 58,150,856
Current liabilities:    
Accounts payable 3,602,329 8,325,469
Accrued expenses and other current liabilities 549,129 1,600,209
Customer deposits 3,799,585 23,015
Due to Camber Energy, Inc. 6,822,300 4,100,000
Undistributed revenues and royalties 2,809,138 1,332,282
Current portion of operating lease liability 1,342,762 1,324,722
Due to related parties 634,566 4,870,020
Current portion of notes payable - related parties 54,173 64,418
Bank indebtedness - credit facility 2,995,017 0
Current portion of long-term debt - net of discount 624,790 8,430,318
Total current liabilities 23,233,789 30,070,453
Long term debt - net of current portion and debt discount 2,268,350 2,741,190
Notes payable - related parties - net of current portion 632,747 724,502
Operating lease liability, net of current portion 3,462,407 4,474,832
Contingent obligations 1,435,757 0
Asset retirement obligation 1,979,544 2,111,650
TOTAL LIABILITIES 33,012,594 40,122,627
STOCKHOLDERS' EQUITY    
Preferred Stock Series C, $0.001 par value, 50,000 shares authorized, 28,092 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 28 28
Preferred Stock Series E, $0.001 par value, 2,075 shares authorized, 475 and 0 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 5 0
Common stock, $0.001 par value, 500,000,000 shares authorized, 114,780,967 and 111,030,965 shares issued and outstanding as of September 30, 2022, and December 31, 2021, respectively. 114,781 111,031
Additional paid-in capital 127,687,341 120,246,224
Accumulated other comprehensive loss (484,816) (177,981)
Accumulated deficit (120,323,427) (106,760,344)
Parent's Stockholders' Equity in Viking 6,993,912 13,418,958
Non-controlling interest 10,974,812 4,609,271
TOTAL STOCKHOLDERS' EQUITY 17,968,724 18,028,229
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 50,981,318 $ 58,150,856