CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 10,630	$ 56,456
Accounts receivable	37,755	44,379
Accounts receivable - affiliates	207,828	137,556
Prepaid expenses	10,096	9,951
Total current assets	266,309	248,342
Fixed Assets
Furniture and equipment	43,622	46,883
Accumulated depreciation	(41,672)	(30,893)
Total furniture and fixtures, net	1,950	15,990
Oil and gas properties, net of impairment (successful efforts method)	2,787,986	2,787,986
Accumulated depletion, depreciation and amortization	(2,234,098)	(2,166,643)
Total oil and gas properties, net	553,888	621,343
Intangible assets	17,630,000	0
Total Assets	18,452,147	885,675
Current Liabilities
Accounts payable	572,295	420,559
Accrued liabilities	419,069	746,491
Accrued liabilities - related parties	65,000	1,489,973
Liability for unauthorized preferred stock issued	9,283	9,283
Note payable (net of unamortized deferred financing costs)	0	564,263
Note payable (net of debt discount) - affiliate	550,000	0
Asset retirement obligation	63,421	76,850
Total current liabilities	1,679,068	3,307,419
Other Liabilities
Asset retirement obligations	29,688	7,141
Total long term liabilities	29,688	7,141
Total Liabilities	1,708,756	3,314,560
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, 2017 and December 31, 2016, respectively	31,220	31,220
Receivable for stock subscription	(5,000,000)	0
Additional paid-in capital	60,680,232	35,795,479
Accumulated deficit	(47,992,475)	(46,140,750)
Total Victory Energy Corporation stockholders' equity (deficit)	7,719,977	(10,314,051)
Non-controlling interest	9,023,414	7,885,166
Total stockholders' equity (deficit)	16,743,391	(2,428,885)
Total Liabilities and Stockholders' Equity (Deficit)	18,452,147	885,675
Preferred Series B stock, $0.001 par value, 800,000 shares authorized, 800,000 shares and 0 shares issued and outstanding for September 30, 2017 and December 31, 2016, respectively
Stockholders' Equity (Deficit)
Preferred stock	800	0
Preferred Series C stock, $0.001 par value, 810,000 shares authorized, 180,000 shares and 0 shares issued and outstanding for September 30, 2017 and December 31, 2016, respectively
Stockholders' Equity (Deficit)
Preferred stock	180	0
Preferred Series D stock, $0.001 par value, 20,000 shares authorized, 20,000 shares and 0 shares issued and outstanding for September 30, 2017 and December 31, 2016, respectively
Stockholders' Equity (Deficit)
Preferred stock	$ 20	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.