CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 28,071	$ 2,384
Accounts receivable - less allowance for doubtful accounts of $0, and $200,000 for March 31, 2016 and December 31, 2015, respectively	38,410	37,690
Accounts receivable - affiliates	132,920	131,584
Prepaid expenses	6,988	8,734
Total current assets	206,389	180,392
Fixed Assets
Furniture and equipment	46,883	46,883
Accumulated depreciation	(26,045)	(24,429)
Total furniture and fixtures, net	20,838	22,454
Oil gas properties, net of impairment (successful efforts method)	3,051,722	3,033,279
Accumulated depletion, depreciation and amortization	(2,319,512)	(2,274,188)
Total oil and gas properties, net	732,210	759,091
Other Assets
Deferred debt financing costs	36,854	47,060
Total Assets	996,291	1,008,997
Current Liabilities
Accounts payable	1,705,049	1,591,764
Accrued liabilities	381,229	534,619
Accrued liabilities - related parties	1,004,750	805,179
Liability for unauthorized preferred stock issued	9,283	9,283
Note payable	680,000	680,000
Asset retirement obligation	61,937	14,403
Total current liabilities	3,842,248	3,635,248
Other Liabilities
Asset retirement obligations	48,314	94,768
Total long term liabilities	48,314	94,768
Total Liabilities	3,890,562	3,730,016
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 47,500,000 shares authorized, 31,220,326 shares and 31,220,326 shares issued and outstanding for March 31, 2016 and December 31, 2015, respectively	31,220	31,220
Additional paid-in capital	35,732,161	35,708,746
Accumulated deficit	(44,730,751)	(44,289,126)
Total Victory Energy Corporation stockholders' deficit	(8,967,370)	(8,549,160)
Non-controlling interest	6,073,099	5,828,141
Total stockholders' equity (deficit)	(2,894,271)	(2,721,019)
Total Liabilities and Stockholders' Equity	$ 996,291	$ 1,008,997