CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets
Cash	$ 46,062	$ 20,858
Accounts receivable - less allowance for doubtful accounts of $200,000, and $200,000 for September 30, 2014 and December 31, 2013, respectively	56,541	116,542
Accounts receivable - affiliates	169,141	68,571
Prepaid expenses	21,956	38,663
Total current assets	293,700	244,634
Fixed Assets
Furniture, equipment, and application software	46,883	43,173
Accumulated depreciation	(16,349)	(11,597)
Total furniture and fixtures, net	30,534	31,576
Oil gas properties (successful efforts method)	6,619,685	3,715,648
Accumulated depletion, depreciation and amortization	(1,553,356)	(1,517,836)
Total oil and gas properties, net	5,066,329	2,197,812
Other Assets
Deferred debt financing costs	98,089	0
Total Assets	5,488,652	2,474,022
Current Liabilities
Accounts payable	1,361,558	351,435
Accrued liabilities	199,531	196,913
Accrued liabilities - affiliates	33,323	18,542
Liability for unauthorized preferred stock issued	9,283	9,283
Current note payable	800,000	0
Total current liabilities	2,403,695	576,173
Other Liabilities
Asset retirement obligations	42,117	51,954
Total long term liabilities	42,117	51,954
Total liabilities	2,445,812	628,127
Stockholders' Equity
Common stock, $0.001 par value, 47,500,000 shares authorized, 28,927,826 shares and 27,563,619 shares issued and outstanding for September 30, 2014 and December 31, 2013, respectively	28,928	27,564
Additional paid-in capital	34,915,154	34,404,239
Accumulated deficit	(37,687,804)	(36,901,894)
Total Victory Energy Corporation stockholders' deficit	(2,743,722)	(2,470,091)
Non-controlling interest	5,786,562	4,315,986
Total stockholders' equity	3,042,840	1,845,895
Total Liabilities and Stockholders' Equity	$ 5,488,652	$ 2,474,022