Vivakor Inc. 2026年季度报告

Securities registered pursuant to Section12(b) of the Act: EXPLANATORY NOTE In this Quarterly Report on Form 10-Q, unless the context otherwise requires, all references to “the Company,” “we,” “our”, “us” and“Vivakor” refer to Vivakor, Inc., a Nevada corporation. At the commencement of trading on March24, 2026, we completed a 1-for-200 reverse split of our outstanding shares of commonstock (the “Reverse Stock Split”) of our quoted common stock. No fractional shares of the Company’s common stock were issued as aresult of the Reverse Stock Split. Any fractional shares resulting from the Reverse Stock Split were rounded up to the nearest whole TABLE OF CONTENTSPagePART I. FINANCIAL INFORMATION1ITEM 1.Financial Statements1Condensed Consolidated Balance Sheets as ofMarch31, 2026 (unaudited) and December31, 20251Condensed Consolidated Statements of Operations for the Three Months EndedMarch31, 2026 and 2025(unaudited)2Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months EndedMarch31,2026 and 2025 (unaudited)3Condensed Consolidated Statements of Cash Flows for the Three Months EndedMarch31, 2026 and 2025(unaudited)4Notes to Condensed Consolidated Financial Statements (unaudited)5ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17ITEM 3.Quantitative and Qualitative Disclosures about Market Risk24ITEM 4.Controls and Procedures24PART II. OTHER INFORMATION25ITEM 1.Legal Proceedings25ITEM 1A.Risk Factors27ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds27ITEM 3.Defaults Upon Senior Securities29ITEM 4.Mine Safety Disclosures29ITEM 5.Other Information30ITEM 6.Exhibits34SIGNATURES39i VIVAKOR, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1. Description of Business Vivakor, Inc. (collectively “we”, “us,” “our,” “Vivakor,” or the “Company”) is an integrated provider of midstream services andenvironmental solutions within the oil and gas industry. The Company owns and operates a diversified portfolio of midstream The Company conducts its operations through three primary business segments: transportation and logistics, terminaling and storageservices, and supply and trading. The transportation and logistics segment includes crude oil gathering and transportation assets,including pipeline and trucking operations in the Permian and Anadarko Basins. The terminaling and storage services segment consists The Company is also developing an environmental services business through the planned deployment of Remediation ProcessingCenters (“RPCs”), which are designed to recover hydrocarbons from contaminated soils and related waste streams. The RPC is under On October1, 2024, the Company acquired certain entities (the “Endeavor Entities”), expanding its midstream operations. During2025, the Company completed the sale of certain non-core assets acquired in this transaction as part of a strategic review. On July30,2025, the Company sold certain non-core business units of Meridian Equipment Leasing, LLC and Equipment Transport, LLC, bothsubsidiaries included with the Endeavor Entities, in order to streamline operations and focus on core midstream transportation, Note 2. Summary of Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and pursuant to therules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and disclosures normallyincluded in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financialstatements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December31, 2025. The consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. Allintercompany balances and transactions have been eliminated in consolidation. Operating results for the interim periods presented are Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to makeestimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could Change in Estimated Useful Lives During the three months ended March31, 2026, the Company reassessed the estimated useful lives of certain property and equipmentbased on operational experience, expected usage, and updated maintenance and replacement assumptions. As a result, the Company The change in estimate was accounted for prospectively in accordance with ASC 250, Accounting Changes and Error Corrections. Theeffect of the change was to