Vivakor Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 000-41286 VIVAKOR, INC.(Exact name of registrant as specified in its charter) (Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section12(b) of the Act: 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallreporting company. See the definitions of “large accelerated filer,” “accelerated filer,” a “smaller reporting company” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. 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 Section7(a)(2)(B) of the Securities Act:☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of May20, 2026, there were 4,295,647 shares of the registrant’s common stock outstanding. 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 wholeshare. Unless otherwise noted, the share and per share information in this Quarterly Report on Form 10-Q has been adjusted to reflectthe Reverse Stock Split, including the financial statements and notes thereto. VIVAKOR, INC.FORM 10-QFOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026 TABLE OF CONTENTS PagePART 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.CONDENSED CONSOLIDATED BALANCE SHEETS See accompanying notes to condensed consolidated financial statements VIVAKOR, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) VIVAKOR, INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(UNAUDITED) VIVAKOR, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) VIVAKOR, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 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 midstreaminfrastructure assets located in several of the nation’s oil-producing basins, complemented by related environmental service offerings. The Company conducts its operations through three primary business segments: transportation and logistics, terminaling and storageservices, and supply and tra