Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Power generation units and parts $ 2,458,295 $ 2,137,601
Service and repairs 4,540,697 2,103,699
Oil and gas 245,197 1,678,817
Total revenue 7,244,189 5,920,117
Operating expenses    
Cost of goods sold 4,786,631 2,451,309
Lease operating costs 125,363 568,515
General and administrative 3,050,321 5,294,161
Stock based compensation 0 292,808
Depreciation, depletion & amortization 231,148 499,769
Accretion - asset retirement obligation 31,382 35,066
Total operating expenses 8,224,845 9,141,628
Loss from operations (980,656) (3,221,511)
Other income (expense)    
Interest expense (146,671) (133,762)
Amortization of debt discount (53,732) (92,522)
Change in fair value of derivatives (534,607) 0
Loss on extinguishment of debt (154,763) 0
Interest income 6,834 100,231
Other income (expense) 231,268 (295,500)
Total other expense, net (651,671) (421,553)
Net loss before income taxes (1,632,327) (3,643,064)
Income tax benefit (expense) 0 0
Net loss (1,632,327) (3,643,064)
Net loss attributable to non-controlling interest (80,228) (360,505)
Net loss attributable to Viking Energy Group, Inc. $ (1,552,099) $ (3,282,559)
Loss per common share, basic and diluted $ (0.01) $ (0.03)
Weighted average number of common shares outstanding, basic and diluted 114,780,967 113,943,002