CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 5,879	$ 2,384
Accounts receivable - less allowance for doubtful accounts of $0, and $200,000 for September 30, 2016 and December 31, 2015, respectively	43,367	37,690
Accounts receivable - affiliates	134,997	131,584
Prepaid expenses	3,496	8,734
Total current assets	187,739	180,392
Fixed Assets
Furniture and equipment	46,883	46,883
Accumulated depreciation	(29,277)	(24,429)
Total furniture and fixtures, net	17,606	22,454
Oil gas properties, net of impairment (successful efforts method)	2,787,986	3,033,279
Accumulated depletion, depreciation and amortization	(2,142,806)	(2,274,188)
Total oil and gas properties, net	645,180	759,091
Other Assets
Deferred debt financing costs	16,443	47,060
Total Assets	866,968	1,008,997
Current Liabilities
Accounts payable	1,114,619	1,591,764
Accrued liabilities	409,104	534,619
Accrued liabilities - related parties	1,131,306	805,179
Liability for unauthorized preferred stock issued	9,283	9,283
Note payable	672,000	680,000
Asset retirement obligation	52,321	14,403
Total current liabilities	3,388,633	3,635,248
Other Liabilities
Asset retirement obligations	31,129	94,768
Total long term liabilities	31,129	94,768
Total Liabilities	3,419,762	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 September 30, 2016 and December 31, 2015, respectively	31,220	31,220
Additional paid-in capital	35,780,817	35,708,746
Accumulated deficit	(45,469,743)	(44,289,126)
Total Victory Energy Corporation stockholders' deficit	(9,657,706)	(8,549,160)
Non-controlling interest	7,104,912	5,828,141
Total stockholders' equity (deficit)	(2,552,794)	(2,721,019)
Total Liabilities and Stockholders' Equity	$ 866,968	$ 1,008,997