Stockholders Equity	3 Months Ended
Mar. 31, 2018
Equity [Abstract]
Stockholders Equity	Stockholders Equity Preferred stock The Company is authorized to issue 10,000,000 shares of $0.001 par value preferred stock. As of March 31, 2018, the Company has designated 200,000 shares of its preferred stock as Series A Preferred Stock, 800,000 shares as Series B Convertible Preferred Stock and 20,000 shares as Series D Preferred Stock. As of March 31, 2018, no shares of Series A Preferred Stock, 800,000 shares of Series B Convertible Preferred Stock and 13,333 shares of Series D Preferred Stock are issued and outstanding. On August 21, 2017, the Company designated 810,000 shares as Series C Preferred Stock and issued 180,000 shares. On January 24, 2018, all shares of Series C Preferred Stock were automatically converted into 940,272 shares of common stock. On February 5, 2018, the Company filed a Certificate of Withdrawal with the Nevada Secretary of State to withdraw the designation of the Series C Preferred Stock and return such shares to undesignated preferred stock of the Company. Common stock The Company is authorized to issue 300,000,000 shares of $0.001 par value common stock, and has 6,146,446 shares of common stock outstanding as of March 31, 2018. 2014 Long-Term Incentive Plan In 2014, the Board of Directors and stockholders of the Company approved the 2014 Long Term Incentive Plan for the employees, directors and consultants of the Company and its affiliates. As of March 31, 2018, 3,367,500 shares of unrestricted common stock and 595,000 options were issued under the 2014 Long Term Incentive Plan. As of March 31, 2018, no shares remain available under the 2014 Long Term Incentive Plan. 2017 Equity Incentive Plan On September 14, 2017, the Board of Directors of the Company approved the Victory Energy Corporation 2017 Equity Incentive Plan (the “2017 Plan”), which was adopted by the Company’s stockholders on November 20, 2017. The 2017 Plan provides for awards of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock awards, performance share awards, and performance compensation awards to officers, employees, consultants, and directors of the Company and its subsidiaries. The plan is administered by the compensation committee. The maximum number of shares of common stock that may be delivered to participants under the 2017 Plan is 15,000,000 shares. Shares subject to an award under the 2017 Plan for which the award is canceled, forfeited or expires again become available for grants under the 2017 Plan. The maximum number of shares that may be covered by awards to any single individual in any year is 250,000 shares and the maximum cash payment that can be made to any individual for any single or combined performance goals for any performance period is $250,000. As of March 31, 2018, no shares of unrestricted common stock and no options had been issued under the 2017 Plan. Stock Based Compensation The Company estimates the fair value of employee stock options and warrants granted using the Black-Scholes Option Pricing Model. Key assumptions used to estimate the fair value of warrants and stock options include the exercise price of the award, the fair value of the Company’s common stock on the date of grant, the expected warrant or option term, the risk free interest rate at the date of grant, the expected volatility and the expected annual dividend yield on the Company’s common stock. During the three months ended March 31, 2018 and 2017, the Company did not grant stock awards to directors, officers, or employees.

Stockholders Equity

Preferred stock

The Company is authorized to issue 10,000,000 shares of $0.001 par value preferred stock. As of March 31, 2018, the Company has designated 200,000 shares of its preferred stock as Series A Preferred Stock, 800,000 shares as Series B Convertible Preferred Stock and 20,000 shares as Series D Preferred Stock. As of March 31, 2018, no shares of Series A Preferred Stock, 800,000 shares of Series B Convertible Preferred Stock and 13,333 shares of Series D Preferred Stock are issued and outstanding.

On August 21, 2017, the Company designated 810,000 shares as Series C Preferred Stock and issued 180,000 shares. On January 24, 2018, all shares of Series C Preferred Stock were automatically converted into 940,272 shares of common stock. On February 5, 2018, the Company filed a Certificate of Withdrawal with the Nevada Secretary of State to withdraw the designation of the Series C Preferred Stock and return such shares to undesignated preferred stock of the Company.

Common stock

The Company is authorized to issue 300,000,000 shares of $0.001 par value common stock, and has 6,146,446 shares of common stock outstanding as of March 31, 2018.

2014 Long-Term Incentive Plan

In 2014, the Board of Directors and stockholders of the Company approved the 2014 Long Term Incentive Plan for the employees, directors and consultants of the Company and its affiliates. As of March 31, 2018, 3,367,500 shares of unrestricted common stock and 595,000 options were issued under the 2014 Long Term Incentive Plan. As of March 31, 2018, no shares remain available under the 2014 Long Term Incentive Plan.

2017 Equity Incentive Plan

On September 14, 2017, the Board of Directors of the Company approved the Victory Energy Corporation 2017 Equity Incentive Plan (the “2017 Plan”), which was adopted by the Company’s stockholders on November 20, 2017. The 2017 Plan provides for awards of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock awards, performance share awards, and performance compensation awards to officers, employees, consultants, and directors of the Company and its subsidiaries. The plan is administered by the compensation committee. The maximum number of shares of common stock that may be delivered to participants under the 2017 Plan is 15,000,000 shares. Shares subject to an award under the 2017 Plan for which the award is canceled, forfeited or expires again become available for grants under the 2017 Plan. The maximum number of shares that may be covered by awards to any single individual in any year is 250,000 shares and the maximum cash payment that can be made to any individual for any single or combined performance goals for any performance period is $250,000. As of March 31, 2018, no shares of unrestricted common stock and no options had been issued under the 2017 Plan.

Stock Based Compensation

The Company estimates the fair value of employee stock options and warrants granted using the Black-Scholes Option Pricing Model. Key assumptions used to estimate the fair value of warrants and stock options include the exercise price of the award, the fair value of the Company’s common stock on the date of grant, the expected warrant or option term, the risk free interest rate at the date of grant, the expected volatility and the expected annual dividend yield on the Company’s common stock.

During the three months ended March 31, 2018 and 2017, the Company did not grant stock awards to directors, officers, or employees.