Victory Oilfield Tech, Inc. (VYEY) Financial Statements (2026 and earlier)

Company Profile

Business Address 14425 FALCON HEAD BLVD., BLDG E
AUSTIN, TX 78738
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6674531921777
Cash and cash equivalent6674531921777
Receivables  163153150510399
Inventory, net of allowances, customer advances and progress billings  3225175063
Inventory  3225175063
Prepaid expense    62 
Deferred costs  (76)(59)(42)  
Disposal group, including discontinued operation 289     
Other undisclosed current assets 9939790118116107
Total current assets:1,349290262436756646
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization (728)162243356480616
Intangible asset, including goodwill, after accumulated amortization, including: 1451451451453,173
Goodwill  145145145145145
Intangible asset, excluding goodwill, after accumulated amortization 1932272622963,028
Other undisclosed intangible asset, including goodwill, after accumulated amortization  (193)(227)(262)(296) 
Disposal group, including discontinued operation, noncurrent assets 289     
Other undisclosed noncurrent assets 72896114131148 
Total noncurrent assets:2894045026327733,789
TOTAL ASSETS:1,6386937641,0681,5294,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities342150101537719700
Accounts payable331150101537719700
Accrued liabilities 11     
Debt3,8693,7539 703867
Disposal group, including discontinued operation 90     
Due to related parties✕✕ 3,5503,0821,9791,115
Other undisclosed current liabilities 1,266233247252362118
Total current liabilities:5,5664,1363,9073,8703,7632,801
Noncurrent Liabilities
Long-term debt and lease obligation 159262240319 437
Long-term debt, excluding current maturities 159262240319 437
Total noncurrent liabilities: 159262240319 437
Other undisclosed liabilities      
Total liabilities:5,7254,3974,1474,1893,7633,238
Equity
Equity, attributable to parent, including:(4,087)(3,704)(3,382)(3,121)(2,234)1,197
Preferred stock 00000 
Preferred stock, shares subscribed but unissued, subscriptions receivable     (245)(245)
Common stock292828282828
Additional paid in capital95,90595,75195,75195,75195,68495,584
Accumulated deficit(99,776)(99,238)(98,916)(98,655)(97,701)(94,171)
Stockholders' equity note, subscriptions receivable(245)(245)(245)(245)  
Other undisclosed equity, attributable to parent     0
Total equity:(4,087)(3,704)(3,382)(3,121)(2,234)1,197
TOTAL LIABILITIES AND EQUITY:1,6386937641,0681,5294,435

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues 1,6258158512,2041,034
Other income  25277 11
Cost of revenue  (904)(492)(537)(1,016)(504)
Gross profit:  7213243141,188530
Operating expenses(804)(1,016)(1,052)(1,185)(4,588)(27,867)
Other undisclosed operating loss      
Operating loss:(804)(295)(729)(871)(3,399)(27,337)
Nonoperating income (expense)221  (81)(198)(235)
Investment income, nonoperating      
Other nonoperating income (expense) 249  (81)  
Interest and debt expense(28)(28)(59)(88)(198)(246)
Other undisclosed income from continuing operations before equity method investments, income taxes    198246
Loss from continuing operations before equity method investments, income taxes:(611)(323)(788)(1,039)(3,597)(27,572)
Other undisclosed income (loss) from continuing operations before income taxes28  88  
Loss from continuing operations before income taxes:(584)(323)(788)(951)(3,597)(27,572)
Income tax expense (benefit)    (3) 94
Loss from continuing operations:(584)(323)(788)(954)(3,597)(27,478)
Loss before gain (loss) on sale of properties:✕✕✕(788)(954)(3,531)(27,310)
Income from discontinued operations 45   66169
Other undisclosed net income 2527   
Net loss:(539)(321)(261)(954)(3,531)(27,310)
Net income attributable to noncontrolling interest  321261   
Other undisclosed net income (loss) attributable to parent (321)261   
Net income (loss) available to common stockholders, diluted:(539)(321)261(954)(3,531)(27,310)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(539)(321)(261)(954)(3,531)(27,310)
Comprehensive loss, net of tax, attributable to parent:(539)(321)(261)(954)(3,531)(27,310)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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