CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 2,384	$ 2,941
Accounts receivable - less allowance for doubtful accounts of $200,000, and $200,000 for 2015 and 2014, respectively	37,690	41,565
Accounts receivable - affiliate	131,584	124,367
Prepaid expenses	8,734	21,846
Total current assets	180,392	190,719
Fixed Assets
Furniture and equipment	46,883	46,883
Accumulated depreciation	(24,429)	(17,965)
Total furniture and fixtures, net	22,454	28,918
Oil gas properties, net of impairment (successful efforts method)	3,033,279	2,838,573
Accumulated depletion, depreciation and amortization	(2,274,188)	(1,942,380)
Total oil and gas properties, net	759,091	896,193
Other Assets
Deferred debt financing costs	47,060	87,883
Total Assets	1,008,997	1,203,713
Current Liabilities
Accounts payable	1,591,764	1,119,896
Accrued liabilities	534,619	221,209
Accrued liabilities - related parties	805,179	477,934
Liability for unauthorized preferred stock issued	9,283	9,283
Note payable	680,000	800,000
Asset retirement obligation	14,403	3,721
Total current liabilities	3,635,248	2,632,043
Other Liabilities
Asset retirement obligations	94,768	40,493
Total long term liabilities	94,768	40,493
Total liabilities	3,730,016	2,672,536
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 47,500,000 shares authorized, 31,220,326 shares and 29,202,826 shares issued and outstanding for 2015 and 2014, respectively	31,220	29,203
Additional paid-in capital	35,708,746	34,974,441
Accumulated deficit	(44,289,126)	(40,111,826)
Total Victory Energy Corporation stockholders' deficit	(8,549,160)	(5,108,182)
Non-controlling interest	5,828,141	3,639,359
Total stockholders' equity (deficit)	(2,721,019)	(1,468,823)
Total Liabilities and Stockholders' Equity	$ 1,008,997	$ 1,203,713