CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current Assets
Cash	$ 1,224,482	$ 20,858
Accounts receivable - less allowance for doubtful accounts of $200,000, and $200,000 for June 30, 2014 and December 31, 2013, respectively	39,032	116,542
Accounts receivable - affiliate	154,358	68,571
Prepaid expenses	23,111	38,663
Total current assets	1,440,983	244,634
Fixed Assets
Furniture, equipment, and application software	46,883	43,173
Accumulated depreciation	(14,733)	(11,597)
Total furniture and fixtures, net	32,150	31,576
Oil gas properties (successful efforts method)	4,749,341	3,715,648
Accumulated depletion, depreciation and amortization	(1,309,763)	(1,517,836)
Total oil and gas properties, net	3,439,578	2,197,812
Other Assets
Deferred debt financing costs	108,295
Total Assets	5,021,006	2,474,022
Current Liabilities
Accounts payable	196,703	351,435
Accrued liabilities	197,114	196,913
Accrued liabilities – affiliates	60,932	18,542
Liability for unauthorized preferred stock issued	9,283	9,283
Total current liabilities	464,032	576,173
Other Liabilities
Asset retirement obligations	35,157	51,954
Long term note payable	800,000
Total long term liabilities	835,157	51,954
Total liabilities	1,299,189	628,127
Stockholders' Equity
Common stock, $0.001 par value, 47,500,000 shares authorized, 28,598,619 shares and 27,563,619 shares issued and outstanding for June 30, 2014 and December 31, 2013, respectively	28,599	27,564
Additional paid in capital	34,795,356	34,404,239
Accumulated deficit	(37,065,008)	(36,901,894)
Total Victory Energy Corporation stockholders' deficit	(2,241,053)	(2,470,091)
Non-controlling interest	5,962,870	4,315,986
Total stockholders' equity	3,721,817	1,845,895
Total Liabilities and Stockholders' Equity	$ 5,021,006	$ 2,474,022