CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current Assets
Cash and cash equivalents	$ 2,941	$ 20,858
Accounts receivable - less allowance for doubtful accounts of $200,000, and $200,000 for 2014 and 2013, respectively	41,565	116,542
Accounts receivable - affiliate	124,367	18,571
Prepaid expenses	21,846	38,663
Total current assets	190,719	194,634
Fixed Assets
Furniture and equipment	46,883	43,173
Accumulated depreciation	(17,965)	(11,597)
Total furniture and fixtures, net	28,918	31,576
Oil gas properties, net of impairment (successful efforts method)	2,838,573	3,715,648
Accumulated depletion, depreciation and amortization	(1,942,380)	(1,517,836)
Oil and natural gas properties, net	896,193	2,197,812
Other Assets
Deferred debt financing costs	87,883	0
Total Assets	1,203,713	2,424,022
Current Liabilities
Accounts payable	1,119,896	351,435
Accrued liabilities	221,209	196,913
Accrued liabilities - related parties	477,934	118,542
Liability for unauthorized preferred stock issued	9,283	9,283
Note payable	800,000	0
Asset retirement obligation	3,721	0
Total current liabilities	2,632,043	676,173
Other Liabilities
Asset retirement obligations	40,493	51,954
Total long term liabilities	40,493	51,954
Total liabilities	2,672,536	728,127
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 47,500,000 shares authorized, 29,202,826 shares and 27,563,619 shares issued and outstanding for 2014 and 2013, respectively	29,203	27,564
Additional paid-in capital	34,974,441	34,404,239
Accumulated deficit	(40,111,826)	(36,901,894)
Total Victory Energy Corporation stockholders' deficit	(5,108,182)	(2,470,091)
Non-controlling interest	3,639,359	4,165,986
Total stockholders' equity (deficit)	(1,468,823)	1,695,895
Total Liabilities and Stockholders' Equity	$ 1,203,713	$ 2,424,022