Victory Oilfield Tech, Inc. (VYEY) Financial Statements (2025 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)
| 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 investments | 66 | 74 | 53 | 192 | 17 | 77 | |||
| Cash and cash equivalents | 66 | 74 | 53 | 192 | 17 | 77 | |||
| Receivables | 163 | 153 | 150 | 510 | 399 | ||||
| Inventory, net of allowances, customer advances and progress billings | 32 | 25 | 17 | 50 | 63 | ||||
| Inventory | 32 | 25 | 17 | 50 | 63 | ||||
| Prepaid expense | 62 | ||||||||
| Deferred costs | (76) | (59) | (42) | ||||||
| Disposal group, including discontinued operation | 289 | ||||||||
| Other undisclosed current assets | 993 | 97 | 90 | 118 | 116 | 107 | |||
| Total current assets: | 1,349 | 290 | 262 | 436 | 756 | 646 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | (728) | 162 | 243 | 356 | 480 | 616 | |||
| Intangible assets, net (including goodwill), including: | 145 | 145 | 145 | 145 | 3,173 | ||||
| Goodwill | 145 | 145 | 145 | 145 | 145 | ||||
| Intangible assets, net (excluding goodwill) | 193 | 227 | 262 | 296 | 3,028 | ||||
| Other undisclosed intangible assets, net (including goodwill) | (193) | (227) | (262) | (296) | |||||
| Disposal group, including discontinued operation, noncurrent assets | 289 | ||||||||
| Other undisclosed noncurrent assets | 728 | 96 | 114 | 131 | 148 | ||||
| Total noncurrent assets: | 289 | 404 | 502 | 632 | 773 | 3,789 | |||
| TOTAL ASSETS: | 1,638 | 693 | 764 | 1,068 | 1,529 | 4,435 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 342 | 150 | 101 | 537 | 719 | 700 | |||
| Accounts payable | 331 | 150 | 101 | 537 | 719 | 700 | |||
| Accrued liabilities | 11 | ||||||||
| Debt | 3,869 | 3,753 | 9 | 703 | 867 | ||||
| Disposal group, including discontinued operation | 90 | ||||||||
| Due to related parties | ✕ | ✕ | 3,550 | 3,082 | 1,979 | 1,115 | |||
| Other undisclosed current liabilities | 1,266 | 233 | 247 | 252 | 362 | 118 | |||
| Total current liabilities: | 5,566 | 4,136 | 3,907 | 3,870 | 3,763 | 2,801 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 159 | 262 | 240 | 319 | 437 | ||||
| Long-term debt, excluding current maturities | 159 | 262 | 240 | 319 | 437 | ||||
| Total noncurrent liabilities: | 159 | 262 | 240 | 319 | 437 | ||||
| Other undisclosed liabilities | |||||||||
| Total liabilities: | 5,725 | 4,397 | 4,147 | 4,189 | 3,763 | 3,238 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (4,087) | (3,704) | (3,382) | (3,121) | (2,234) | 1,197 | |||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | ||||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | (245) | (245) | |||||||
| Common stock | 29 | 28 | 28 | 28 | 28 | 28 | |||
| Additional paid in capital | 95,905 | 95,751 | 95,751 | 95,751 | 95,684 | 95,584 | |||
| 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: | 1,638 | 693 | 764 | 1,068 | 1,529 | 4,435 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,625 | 815 | 851 | 2,204 | 1,034 | |||
| Other income | 2 | 527 | 7 | 11 | ||||
| Cost of revenue | (904) | (492) | (537) | (1,016) | (504) | |||
| Gross profit: | 721 | 324 | 314 | 1,188 | 530 | |||
| 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 | 198 | 246 | ||||||
| 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 taxes | 28 | 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 | 66 | 169 | |||||
| Other undisclosed net income | 2 | 527 | ||||||
| Net loss: | (539) | (321) | (261) | (954) | (3,531) | (27,310) | ||
| Net income attributable to noncontrolling interest | 321 | 261 | ||||||
| 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)
| 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.