Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,917,855 $ 3,239,349
Accounts receivable, net 6,486,165 5,276,622
Inventory 10,413,666 10,276,662
Prepaids and other current assets 265,728 158,107
Total current assets 19,083,414 18,950,740
Oil and gas properties, full cost method    
Proved oil and gas properties, net 1,224,588 1,285,918
Total oil and gas properties, net 1,224,588 1,285,918
Fixed assets, net 1,667,281 1,716,200
Right of use assets, net 4,031,934 4,357,328
ESG Clean Energy license, net 4,501,015 4,577,131
Other intangibles - Simson Maxwell, net 3,213,239 3,254,600
Other intangibles - Variable Interest Entities 15,433,340 15,433,340
Due from related parties 327,452 327,132
Deposits and other assets 10,300 10,300
TOTAL ASSETS 49,492,563 49,912,689
Current liabilities:    
Accounts payable 5,110,975 3,905,247
Accrued expenses and other current liabilities 817,841 1,248,301
Customer deposits 5,696,819 5,447,025
Due to Camber Energy, Inc. 6,077,300 6,572,300
Undistributed revenues and royalties 2,329,939 2,378,739
Current portion of operating lease liability 1,255,745 1,304,047
Due to related parties 718,435 629,073
Current portion of notes payable - related parties 57,892 56,916
Bank indebtedness - credit facility 3,429,485 3,111,350
Derivative liability 2,810,824 0
Current portion of long-term debt - net of discount 96,926 637,335
Total current liabilities 28,402,181 25,290,333
Long term debt - net of current portion and debt discount 421,571 2,106,281
Notes payable - related parties - net of current portion 612,802 627,153
Operating lease liability, net of current portion 2,866,140 3,160,654
Contingent obligations 1,435,757 1,435,757
Asset retirement obligation 1,958,578 1,927,196
TOTAL LIABILITIES 35,697,029 34,547,374
Commitments and contingencies (Note 13) 0 0
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value, 500,000,000 shares authorized, 114,780,967 shares issued and outstanding as of March 31, 2023 and December 31, 2022 114,781 114,781
Additional paid-in capital 127,687,341 127,687,341
Accumulated other comprehensive loss (363,131) (425,677)
Accumulated deficit (123,739,772) (122,187,673)
Parent's stockholders' equity in Viking 3,699,252 5,188,805
Non-controlling interest 10,096,282 10,176,510
TOTAL STOCKHOLDERS' EQUITY 13,795,534 15,365,315
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 49,492,563 49,912,689
Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, value 28 28
Series E Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, value $ 5 $ 5