Vivakor Inc 2024年度报告

☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year EndedDecember 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number:001-41286 VIVAKOR, INC.(Exact name of registrant as specified in its charter) Nevada26-2178141(State or other jurisdiction of(IRS Employer incorporation or organization)Identification No.) Dallas,TX75254(Address of principal executive office)(Zip code) Registrant’s telephone number, including area code:(949)281-2606 Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined by Rule405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The aggregate market value of the 29,135,547 voting common stock held by non-affiliates of the registrant as of June30, 2024 was$58,271,094based on the closing price of $2.00 per share of the registrant’s common stock as quoted on The Nasdaq Capital Marketon that date. As of April14, 2025, there were44,575,570shares of registrant’s common stock outstanding. TABLE OF CONTENTS PART I Item1.Business1Item1A.Risk Factors12Item1B.Unresolved Staff Comments28Item1C.Cybersecurity28Item2.Properties29Item3.Legal Proceedings29Item4.Mine Safety Disclosures30 Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities31Item6.[Reserved]36Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item7A.Quantitative and Qualitative Disclosures about Market Risk44Item8.Financial Statements and Supplementary Data44Item9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosures44Item9A.Controls and Procedures44Item9B.Other Information45Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections45 PART III Item10.Directors, Executive Officers and Corporate Governance46Item11.Executive Compensation51Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters55Item13.Certain Relationships and Related Transactions, and Director Independence57Item14.Principal Accounting Fees and Services60 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements that present our current expectations or forecasts of futureevents. These statements do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertaintiesand include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies andopportunity, antici