CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash	$ 112,966	$ 2,941
Accounts receivable - less allowance for doubtful accounts of $200,000, and $200,000 for September 30, 2015 and December 31, 2014, respectively	24,551	41,565
Accounts receivable - affiliates	129,284	124,367
Prepaid expenses	3,954	21,846
Total current assets	270,755	190,719
Fixed Assets
Furniture and equipment	46,883	46,883
Accumulated depreciation	(22,813)	(17,965)
Total furniture and equipment	24,070	28,918
Oil and gas properties, net of accumulated impairment (successful efforts method)	3,578,864	2,838,573
Accumulated depletion, depreciation and amortization	(2,036,467)	(1,942,380)
Total oil and gas properties, net	1,542,397	896,193
Other Assets
Deferred debt financing costs, net	57,266	87,883
Total Assets	1,894,488	1,203,713
Current Liabilities
Accounts payable	2,173,957	1,119,896
Accrued liabilities	495,551	221,209
Accrued liabilities - affiliates	679,111	477,934
Liability for unauthorized preferred stock issued	9,283	9,283
Revolving credit facility	730,000	800,000
Asset retirement obligations	14,299	3,721
Total current liabilities	4,102,201	2,632,043
Other Long Term Liabilities
Asset retirement obligations	33,292	40,493
Total long term liabilities	33,292	40,493
Total liabilities	4,135,493	2,672,536
Stockholders' Deficit
Common stock, $0.001 par value, 47,500,000 shares authorized, 30,607,826 shares and 29,202,826 shares issued and outstanding for September 30, 2015 and December 31, 2014, respectively	30,608	29,203
Additional paid-in capital	35,553,772	34,974,441
Accumulated deficit	(43,788,466)	(40,111,826)
Total Victory Energy Corporation stockholders' deficit	(8,204,086)	(5,108,182)
Non-controlling interest	5,963,081	3,639,359
Total stockholders' deficit	(2,241,005)	(1,468,823)
Total Liabilities and Stockholders' Deficit	$ 1,894,488	$ 1,203,713