Victory Oilfield Tech (VYEY) 10-K 27 Jan 20 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Jan. 27, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	VICTORY OILFIELD TECH, INC.
Entity Central Index Key	0000700764
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Interactive Data Current	No
Entity Incorporation State Country Code	NV
Entity File Number	002-76219-NY
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		28,037,713
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Public Float	$ 178,464

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 76,746	$ 24,383
Accounts receivables, net	399,325
Inventory	62,575
Prepaid & other current assets	107,360	113,967
Total current assets	646,006	138,350
Property, plant and equipment	721,983	43,622
Accumulated depreciation	(106,316)	(43,133)
Property, plant and equipment, net	615,667	489
Goodwill	145,149
Other intangible assets, net	3,027,860	17,630,000
Total Assets	4,434,682	17,768,839
Current Liabilities
Accounts payable	700,234	590,870
Accrued and other short term liabilities	118,130	383,564
Short term notes payable, net	867,484
Short term notes payable - affiliate, net	1,115,400	896,500
Total current liabilities	2,801,248	1,870,934
Long term notes payable, net	436,770
Total long term liabilities	436,770
Total Liabilities	3,238,018	1,870,934
Stockholders' Equity
Common stock, $0.001 par value, 300,000,000 shares authorized, 28,037,713 shares and 5,206,174 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively	28,038	5,206
Receivable for stock subscription	(245,000)	(4,800,000)
Additional paid-in capital	95,584,164	87,552,737
Accumulated deficit	(94,170,546)	(66,861,036)
Total stockholders' equity	1,196,664	15,897,905
Total Liabilities and Stockholders' Equity	4,434,682	17,768,839
Preferred Series B stock
Stockholders' Equity
Preferred stock, value		800
Preferred Series C stock
Stockholders' Equity
Preferred stock, value		180
Preferred Series D stock
Stockholders' Equity
Preferred stock, value	$ 8	$ 18

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, issued	28,037,713	5,206,174
Common stock, outstanding	28,037,713	5,206,174
Preferred Series B stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	0	800,000
Preferred stock, shares issued	0	800,000
Preferred stock, shares outstanding	0	800,000
Preferred Series C stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	0	810,000
Preferred stock, shares issued	0	180,000
Preferred stock, shares outstanding	0	180,000
Preferred Series D stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	8,333	18,333
Preferred stock, shares outstanding	8,333	18,333

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Total revenue	$ 1,034,317
Total cost of revenue	504,091
Gross profit	530,226
Operating expenses
Selling, general and administrative	13,701,391	2,190,467
Impairment loss	14,165,833
Total operating expenses	27,867,224	2,190,467
Loss from operations	(27,336,998)	(2,190,467)
Other income/(expense)
Other income	11,198
Interest expense	(246,035)	(338,236)
Total other income/(expense)	(234,837)	(338,236)
Loss from continuing operations before tax benefit	(27,571,835)	(2,528,703)
Tax benefit	93,531
Loss from continuing operations	(27,478,304)	(2,528,703)
Income/(loss) from discontinued operations	168,794	(18,191,583)
Loss applicable to common stockholders	$ (27,309,510)	$ (20,720,286)
Basic and diluted
Loss per share from continuing operations	$ (1.29)	$ (2.43)
Income/(loss) per share from discontinued operations	0.01	(17.50)
Loss per share, basic and diluted	$ (1.28)	$ (19.93)
Weighted average shares, basic and diluted	21,290,933	1,039,420

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (27,309,510)	$ (20,720,286)
Adjustments to reconcile net loss to net cash used in operating activities
Loss on disposal of discontinued operations, net of tax		18,205,884
Accretion of asset retirement obligations		9,613
Amortization of deferred financing costs		6,237
Amortization of debt discount	41,060	210,000
Amortization of intangible assets	611,355
Provision for deferred taxes	(88,820)
Impairment of intangible assets	14,165,833
Warrants issued with note payable	37,109
Depreciation	63,183	91,321
Share-based compensation	11,413,072	312,351
Change in operating assets and liabilities:
Accounts receivable	(135,247)	(2,304)
Accounts receivable - affiliate		126,243
Inventory	(8,211)
Prepaid & Other Current Assets	16,541	(104,016)
Accounts payable	53,806	215,924
Accrued liabilities - related parties		(58,435)
Accrued and other short term liabilities	(261,859)	(312,172)
Accrued interest on short term notes payable - affiliate		81,500
Net cash used in operating activities	(1,401,688)	(1,938,140)
CASH FLOWS FROM INVESTING ACTIVITIES
Revisions of furniture and fixtures		3,261
Acquisition of Pro-Tech, net of cash acquired	(563,633)
Net cash provided by (used in) investing activities	(563,633)	3,261
CASH FLOWS FROM FINANCING ACTIVITIES
Non-controlling interest contributions		1,170,000
Debt financing proceeds - affiliate	1,729,100	1,135,000
Repayment of debt - affiliate	(100,000)
Proceeds from long-term notes payable	747,664	(570,500)
Payment of long-term notes payable	(87,500)
Debt forgiveness	(11,196)
Receivable for stock subscription		200,000
Contributions - affiliate	(70,384)
Redemption of preferred stock	(190,000)	(31,694)
Net cash provided by financing activities	2,017,684	1,902,806
Net change in cash and cash equivalents	52,363	(32,073)
Beginning cash and cash equivalents	24,383	56,456
Ending cash and cash equivalents	76,746	24,383
Cash paid for:
Interest	22,625	20,469
Non-cash investing and financing activities:
Accrued interest and amortization of debt discount	224,656	317,767
Equity conversion of note payable	1,410,200
Revisions to depreciation		6,086
Intangible assets acquired	172,519	17,330,000
Receivable for stock subscription		4,800,000
Note payable to seller	$ 614,223

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity - USD ($)	Common Stock	Receivable for Stock Subscription	Additional Paid In Capital	Accumulated Deficit	Noncontrolling Interest	Preferred B $0.001 Par Value	Preferred C $0.001 Par Value	Preferred D $0.001 Par Value	Total
Beginning balance, shares at Dec. 31, 2016	823		35,825,876	(46,140,750)	7,885,166				(2,428,885)
Beginning balance at Dec. 31, 2016	$ 823,278
Contributions from noncontrolling interest owners					$ 1,170,000				$ 1,170,000
Change in non-controlling interest					$ (9,055,166)				(9,055,166)
Discount on note payable			$ 210,000						210,000
Share based compensation			$ 312,351						312,351
Receivable for stock subscription		$ (4,800,000)							$ (4,800,000)
Preferred shares issued, net of redemptions, shares			99,907,100			800	180	18	99,908,098
Preferred shares issued, net of redemptions						$ 800,000	$ 180,000	$ 18,333
Discount on preferred stock			$ (75,500,259)						$ (75,500,259)
Issuance of common stock, shares	4,383		26,797,669						26,802,052
Issuance of common stock	$ 4,382,896
Loss attributable to common stokholders				$ (20,720,286)					$ (20,720,286)
Ending balance, shares at Dec. 31, 2017	5,206	(4,800,000)	87,552,737	(66,861,036)		800	180	18	15,897,905
Ending balance at Dec. 31, 2017	$ 5,206,174					$ 800,000	$ 180,000	$ 18,333
Cancellation of Preferred Series B	$ 20,000	$ (245,000)	$ 225,800			$ (800)
Cancellation of Preferred Series B, shares	20,000,000					(800,000)
Issuance of warrants			5,677,910						5,677,910
Preferred Series C conversion	$ 940		(760)				$ (180)
Preferred Series C conversion, shares	940,270						(180,000)
Preferred Series D redemptions			$ 10					$ (10)
Preferred Series D redemptions, shares								(10,000)
ProTech acquisition	$ 11
ProTech acquisition, shares	11,000		8,261						8,272
Redemption of preferred stock			$ (317,265)						$ (317,265)
Settlement of Note payable - affiliate	$ 1,881		1,410,200						1,412,081
Settlement of Note payable - affiliate, shares	1,880,269
Share based compensation			133,350						133,350
Stock grant per Settlement Agreement			5,638,921						5,638,921
Receivable for stock subscription		55,000							55,000
Stock subscription receivable write-off		$ 4,745,000	$ (4,745,000)
Loss attributable to common stokholders				$ (27,309,510)					$ (27,309,510)
Ending balance, shares at Dec. 31, 2018	28,038	(245,000)	95,584,164	(94,170,546)				8	1,196,664
Ending balance at Dec. 31, 2018	$ 28,037,713							$ 8,333

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	Note 1 – Organization and Summary of Significant Accounting Policies: Organization and nature of operations Victory Oilfield Tech, Inc. ("Victory"), a Nevada corporation, is an oilfield technology products company offering patented oil and gas drilling products designed to improve well performance and extend the lifespan of the industry's most sophisticated and expensive equipment. On July 31, 2018, Victory entered into an agreement to acquire Pro-Tech Hardbanding Services, Inc., an Oklahoma corporation ("Pro-Tech"), which provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing and drill collars. See Note 4, Pro-Tech Acquisition Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of Victory for all periods presented and the accounts of Pro-Tech for periods occurring after the date of acquisition. All significant intercompany transactions and accounts between Victory and Pro-Tech (together, the "Company") have been eliminated. The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the full year or any future periods. Going Concern Historically the Company has experienced, and continues to experience, net losses, net losses from operations, negative cash flow from operating activities, and working capital deficits. The Company has incurred an accumulated deficit of $94,170,546 through December 31, 2018 and has a working capital balance of $(2,155,242) at December 31, 2018. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date of issuance of the consolidated financial statements. The consolidated financial statements do not reflect any adjustments that might result if the Company was unable to continue as a going concern. The Company anticipates that operating losses will continue in the near term as Management continues efforts to leverage the Company's intellectual property through the platform provided by the acquisition of Pro-Tech and, potentially, other acquisitions. The Company intends to meet near-term obligations through funding under the New VPEG Note (defined below in Note 13, Related Party Transactions In addition to increasing cashflow from operations, we will be required to obtain other liquidity resources in order to support ongoing operations. We are addressing this need by developing additional capital sources, including the Proposed Private Placement (defined below in Note 13, Related Party Transactions Based upon the anticipated Proposed Private Placement, and ongoing near-term funding provided through the New VPEG Note, we believe we will have enough capital to cover expenses through at least the next twelve months. We will continue to monitor liquidity carefully, and in the event we do not have enough capital to cover expenses, we will make the necessary and appropriate reductions in spending to remain cash flow positive. Capital Resources During 2018 and 2017, we converted several related party debt instruments to equity, including the McCall Settlement Agreement, the Navitus Settlement Agreement, the Insider Settlement Agreement, the VPEG Private Placement, the VPEG Settlement Agreement, the VPEG Note and the Settlement Agreement. Cash proceeds from loans and new contributions to the Aurora partnership by Navitus have allowed the Company to continue operations and enter into agreements including the Purchase Agreement, the Transaction Agreement, the AVV Sublicense and the Trademark License. We currently rely on financing obtained from VPEG through the New VPEG Note to fund operations while we enact our strategy to become a technology-focused oilfield services company and seek to close the Proposed Private Placement. Use of Estimates The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation and amortization expense, property costs, estimated future net cash flows from proved reserves, assumptions related to abandonments and impairments of oil and natural gas properties, taxes and related valuation allowance, accruals of capitalized costs, operating costs and production revenue, general and administrative costs and interest, purchase price allocation on properties acquired, various common stock, warrants and option transactions, and loss contingencies. Summary of Significant Accounting Policies Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. The Company had no cash equivalents at December 31, 2018 and December 31, 2017. Fair Value At December 31, 2018 and 2017, the carrying value of our financial instruments such as prepaid expenses and payables approximated their fair values based on the short-term maturities of these instruments. The carrying value of other liabilities approximated their fair values because the underlying interest rates approximated market rates at the balance sheet dates. Management believes that due to our current credit worthiness, the fair value of debt could be less than the book value. Financial Accounting Standard Board, or FASB, Accounting Standards Codification, or ASC, Topic 820, Fair Value Measurements and Disclosures Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Leve1 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Leve1 2 input must be observable for substantially the full term of the asset or liability; and Leve1 3 - unobservable inputs for the asset or liability. These unobservable inputs reflect the entity's own assumptions about the assumptions that market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances (which might include the reporting entity's own data). Revenue Recognition Effective January 1, 2018, the Company adopted Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers The Company has one revenue stream, which relates to the provision of hardbanding services by its subsidiary Pro-Tech. All performance obligations of the Company's contracts with customers are satisfied over the duration of the contract as customer-owned equipment is serviced and then made available for immediate use as completed during the service period. The Company has reviewed its contracts with Pro-Tech customers and determined that due to their short-term nature, with durations of several days of service at the customer's location, it is only those contracts that occur near the end of a financial reporting period that will potentially require allocation to ensure revenue is recognized in the proper period. The Company has reviewed all such transactions and recorded revenue accordingly. For the twelve months ended December 31, 2018, the Company recognized revenue of $1,034,317 from contracts with oilfield operators, and the Company did not recognize impairment losses on any receivables or contract assets. The Company had no revenue for the twelve months ended December 31, 2017. Because the Company's contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations. Management evaluated, and determined that no disaggregation of revenue disclosure was appropriate. Concentration of Credit Risk, Accounts Receivable and Allowance for Doubtful Accounts Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality institutions and accounts receivable due from Pro-Tech's customers. Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that it reasonably believes to be collectable from the customer. Accounts receivable are written off at the point they are considered uncollectible. Due to historically very low uncollectible balances and no specific indications of current uncollectibility, the Company has not recorded an allowance for doubtful accounts at December 31, 2018 and 2017. If the financial conditions of Pro-Tech's customers were to deteriorate or if general economic conditions were to worsen, additional allowances may be required in the future. As of December 31, 2018, one customer comprised 27%, one customer comprised 16% and a third customer comprised 13% of the Company's gross accounts receivables. As of December 31, 2018, two customers comprised 36% of the Company's revenues. The Company had no revenue or accounts receivable for the twelve months ended December 31, 2017. Inventory The Company's inventory balances are stated at the lower of cost or net realizable value on a first-in, first-out basis. Inventory consists of products purchased by Pro-Tech for use in the process of providing hardbanding services. No impairment losses on inventory were recorded for the twelve months ended December 31, 2018 and 2017. Property, Plant and Equipment Property, Plant and Equipment is stated at cost. Maintenance and repairs are charged to expense as incurred and the costs of additions and betterments that increase the useful lives of the assets are capitalized. When property, plant and equipment is disposed of, the cost and related accumulated depreciation are removed from the consolidated balance sheets and any gain or loss is included in Other income/(expense) in the consolidated statements of operations. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, as follows: Asset category Useful Life Welding equipment, Trucks, Machinery and equipment 5 years Office equipment 5 - 7 years Computer hardware and software 7 years See Note 5, Property, Plant and Equipment Goodwill and Other Intangible Assets Finite-lived intangible assets are recorded at cost, net of accumulated amortization and, if applicable, impairment charges. Amortization of finite-lived intangible assets is provided over their estimated useful lives on a straight-line basis or the pattern in which economic benefits are consumed, if reliably determinable. The Company reviews its finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We perform an impairment test of goodwill annually and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. To date, an impairment of goodwill has not been recorded. The Company's Goodwill balance consists of the amount recognized in connection with the acquisition of Pro-Tech. See Note 4, Pro-Tech Acquisition The Company's contract-based intangible assets include an agreement to sublicense certain patents belonging to AVV (the "AVV Sublicense") and a license (the "Trademark License") to the trademark of Liquidmetal Coatings Enterprises LLC ("Liquidmetal"). The contract-based intangible assets have useful lives of approximately 11 years for the AVV Sublicense and 15 years for the Trademark License. With the initiation of a multi-year strategy plan involving synergies between the acquisition of Pro-Tech and the Company's existing intellectual property, the Company has begun to use the economic benefits of its intangible assets, and therefore began amortization of its intangible assets on a straight-line basis over the useful lives indicated above beginning July 31, 2018, the effective date of the Pro-Tech acquisition. See Note 6, Goodwill and Other Intangible Assets Business Combinations Business combinations are accounted for using the acquisition method of accounting. Under the acquisition method, assets acquired and liabilities assumed are recorded at their respective fair values as of the acquisition date in the Company's consolidated financial statements. The excess of the fair value of consideration transferred over the fair value of the net assets acquired is recorded as goodwill. Share-Based Compensation The Company from time to time may issue stock options, warrants and restricted stock as compensation to employees, directors, officers and affiliates, as well as to acquire goods or services from third parties. In all cases, the Company calculates share-based compensation using the Black-Scholes option pricing model and expenses awards based on fair value at the grant date on a straight-line basis over the requisite service period, which in the case of third party suppliers is the shorter of the period over which services are to be received or the vesting period, and for employees, directors, officers and affiliates is typically the vesting period. Share-based compensation is included in general and administrative expenses in the consolidated statements of operations. See Note 11, Stock Options Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes, Earnings per Share Basic earnings per share are computed using the weighted average number of common shares outstanding at December 31, 2018 and 2017, respectively. The weighted average number of common shares outstanding was 21,290,933 and 1,039,420, respectively, at December 31, 2018 and 2017. Diluted earnings per share reflect the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Given the historical and projected future losses of the Company, all potentially dilutive common stock equivalents are considered anti-dilutive. The following table outlines outstanding common stock shares and common stock equivalents. Years Ended December 31, 2018 2017 Common Stock Shares Outstanding 28,037,713 5,206,174 Common Stock Equivalents Outstanding Warrants 2,713,103 527,367 Stock Options 221,713 223,556 Unconverted Preferred A Shares 68,966 137,932 Total Common Stock Equivalents Outstanding 3,003,782 888,855 The presentation of loss per share and weighted average shares outstanding for the year ended December 31, 2017 has been restated from its previous presentation, as a result of erroneously including anti-dilutive shares in the calculation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements Recently Issued Accounting Standards In February 2016, the FASB issued ASU No. 2016-02, Leases In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting Recently Adopted Accounting Standards Effective January 1, 2018, the Company adopted Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers Organization and Summary of Significant Accounting Policies Revenue Recognition . On May 17, 2017, FASB issued Accounting Standards Update ("ASU") 2017-09, Scope of Modification Accounting ( Compensation – Stock Compensation In January 2017, FASB issued Accounting Standards Update 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 3 – Discontinued Operations Divestiture of Aurora On August 21, 2017, the Company entered into a divestiture agreement with Navitus, and on September 14, 2017, the Company entered into amendment no. 1 to the divestiture agreement (as amended, the "Divestiture Agreement"). Pursuant to the Divestiture Agreement, the Company agreed to divest and transfer its 50% ownership interest in Aurora to Navitus, which owned the remaining 50% interest, in consideration for a release from Navitus of all of the Company's obligations under the second amended partnership agreement, dated October 1, 2011, between the Company and Navitus, including, without limitation, obligations to return to Navitus investors their accumulated deferred capital, deferred interest and related allocations of equity. The Company also agreed to (i) issue 4,382,872 shares of common stock to Navitus and (ii) pay off or otherwise satisfy all indebtedness and other material liabilities of Aurora at or prior to closing of the Divestiture Agreement. Closing of the Divestiture Agreement was completed on December 31, 2017. The Divestiture Agreement contained usual pre- and post-closing representations, warranties and covenants. In addition, Navitus agreed that the Company may take any steps necessary to amend the exercise price of warrants issued to Navitus Partners, LLC to reflect an exercise price of $1.52. The Company also agreed to provide Navitus with demand registration rights with respect to the shares to be issued to it under the Divestiture Agreement, whereby the Company agreed to, upon Navitus' request, file a registration statement on an appropriate form with the SEC covering the resale of such shares and use commercially reasonable efforts to cause such registration statement to be declared effective within one hundred twenty (120) days following such filing. The registration statement was filed on February 5, 2018 and amended on February 8, 2018. The Company has not yet amended the exercise price of warrants issued to Navitus Partners, LLC to reflect an exercise price of $1.52. Closing of the Divestiture Agreement was subject to customary closing conditions and certain other specific conditions, including the following: (i) the issuance of 4,382,872 shares of common stock to Navitus; (ii) the payment or satisfaction by the Company of all indebtedness or other liabilities of Aurora, which total approximately $1.2 million; (iii) the receipt of any authorizations, consents and approvals of all governmental authorities or agencies and of any third parties; (iv) the execution of a mutual release by the parties; and (v) the execution of customary officer certificates by the Company and Navitus regarding the representations, warrants and covenants contained in the Divestiture Agreement. Consequently, the Company issued 4,382,872 shares of common stock to Navitus on December 14, 2017. Aurora's revenues, related expenses and loss on disposal are components of "income (loss) from discontinued operations" in the consolidated statements of operations. The consolidated statements of cash flows are reported on a consolidated basis without separately presenting cash flows from discontinued operations for all periods presented. Results from discontinued operations were as follows: 12 Months Ended December 31, 2018 2017 Revenues from discontinued operations $ 284,397 $ 276,705 Income from discontinued operations before tax benefit 168,794 14,301 Tax benefit - - Net income from discontinued operations 168,794 14,301 Loss on disposal of discontinued operations, net of tax - (18,205,884 ) Income (loss) from discontinued operations, net of tax $ 168,794 $ (18,191,583 )

Pro-Tech Acquisition

Pro-Tech Acquisition	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Pro-Tech Acquisition	Note 4 – Pro-Tech Acquisition On July 31, 2018, the Company entered into a stock purchase agreement (the "Purchase Agreement") to purchase 100% of the issued and outstanding common stock of Pro-Tech, a hardbanding service provider servicing Oklahoma Texas, Kansas, Arkansas, Louisiana, and New Mexico. The Company believes that the acquisition of Pro-Tech will create opportunities to leverage its existing portfolio of intellectual property to fulfill its mission of operating as a technology-focused oilfield services company. In exchange for the outstanding common stock of Pro-Tech, Victory agreed to pay consideration of approximately $1,386,000, comprised of the following: (i) a total of $500,000 in cash at closing, including $150,000 previously deposited into escrow; (ii) 11,000 shares of the Company's common stock valued at $0.75 per share; (iii) $264,078 in cash on the 60th day following the closing date, and (iv) a zero-coupon note payable with discounted value of $614,223 at the date of acquisition (for further information, see Note 8, Notes Payable The fair value of customer relationships and trademarks is provisional pending determination of final valuation of those assets. The Company believes the methodology and estimates utilized to determine the net tangible assets and intangible assets are reasonable. Net tangible assets acquired, at fair value $ 1,068,905 Intangible assets acquired: - Customer relationships 129,680 Trademark 42,840 Goodwill 145,148 Total purchase price $ 1,386,573 The following table summarizes the components of the net tangible assets acquired, at fair value: Cash and cash equivalents $ 203,883 Accounts receivable 264,078 Inventories 54,364 Property and equipment 678,361 Deferred tax liability (87,470 ) Other assets and liabilities, net (44,311 ) Net tangible assets acquired $ 1,068,905 Pro-Tech's results of operations subsequent to the July 31, 2018 acquisition date are included in the Company's consolidated financial statements. The below unaudited combined pro-forma financial data of Victory and Pro-Tech reflects results of operations as though the companies had been combined as of the beginning of each of the periods presented. 12 Months Ended December 31, 2018 2017 Pro forma net revenue $ 2,224,031 $ 1,641,153 Pro forma net loss $ (27,374,775 ) $ (20,698,319 ) Pro forma net loss per share (basic) $ (1.29 ) $ (18.12 ) Pro forma net loss per share (diluted) $ (1.29 ) $ (18.12 ) This unaudited pro-forma combined financial data is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the merger had taken place at the beginning of each of the periods presented.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 5 – Property, plant and equipment Property, plant and equipment, at cost, consisted of the following at December 31: 2018 2017 Trucks $ 350,299 $ - Welding equipment 285,991 - Office equipment 23,408 - Machinery and equipment 18,663 - Furniture and office equipment 12,768 12,768 Computer hardware 8,663 8,663 Computer software 22,191 22,191 Total property, plant and equipment, at cost 721,983 43,622 Less -- accumulated depreciation (106,316 ) (43,133 ) Property, plant and equipment, net $ 615,667 $ 489 Depreciation expense for the twelve months ended December 31, 2018 and 2017 was $63,183 and $91,321, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 6 – Goodwill and Other Intangible Assets The Company recorded $611,355 of amortization of intangible assets for the twelve months ended December 31, 2018, and no amortization of intangible assets for the twelve months ended December 31, 2017. For the twelve months ended December 31, 2018, the Company recorded impairments to the AVV Sublicense, the Trademark License and the Non-Compete Agreements of $9,115,833, $4,847,500 and $202,500, respectively, for a total impairment loss of $14,165,833, based on a revision of estimated future net cash flows to be generated by these assets. The revaluation was performed by a third party business valuation firm. This loss was recorded to Impairment Loss on the Company's consolidated statements of operations. The following table shows intangible assets and related accumulated amortization as of December 31, 2018 and 2017. December 31, December 31, 2018 2017 AVV sublicense $ 11,330,000 $ 11,330,000 Trademark license 6,030,000 6,030,000 Non-compete agreements 270,000 270,000 Pro-Tech customer relationships 129,680 - Pro-Tech trademark 42,839 - Accumulated amortization and impairment (14,777,188 ) - Other intangible assets, net $ 3,025,331 $ 17,630,000

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 7 – Income Taxes There was no provision for (benefit of) income taxes for the years ended December 31, 2018 and 2017, after the application of ASC 740 "Income Taxes." The Internal Revenue Code of 1986, as amended, imposes substantial restrictions on the utilization of net operating losses in the event of an "ownership change" of a corporation. Accordingly, a company's ability to use net operating losses may be limited as prescribed under Internal Revenue Code Section 382 ("IRC Section 382"). Events which may cause limitations in the amount of the net operating losses that the Company may use in any one year include, but are not limited to, a cumulative ownership change of more than 50% over a three-year period. There have been transactions that have changed the Company's ownership structure since inception that may have resulted in one or more ownership changes as defined by the IRC Section 382. The Company's transaction in 2017 has resulted in a limitation of pre-change in control net operating loss carry forwards to $8,163,281 over a 20-year period. For the years ending December 31, 2018 and 2017, the Company incurred a net operating loss carry forward of $1,118,000 and $2,186,513, respectively. Combined with the Section 382 limitation, the Company has net operating losses available of approximately $10,369,000 as of December 31, 2018. The Federal net operating loss carry forwards begin to expire in 2028. Capital loss carryovers may only be used to offset capital gains. Given the Company's history of net operating losses, management has determined that it is more likely than not that the Company will not be able to realize the tax benefit of the net operating loss carry forwards. ASC 740 requires that a valuation allowance be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. Accordingly, the Company has recorded a full valuation allowance against its net deferred tax assets at December 31, 2018 and 2017, respectively. Upon the attainment of taxable income by the Company, management will assess the likelihood of realizing the deferred tax benefit associated with the use of the net operating loss carry forwards and will recognize a deferred tax asset at that time. The Tax Cuts and Jobs Act ("TCJA") reduced the corporate income tax rate from 34% to 21% effective January 1, 2018. All deferred income tax assets and liabilities, including NOL's have been measured using the new rate under the TCJA and are reflected in the valuation of these assets as of December 31, 2018. Significant components of the Company's deferred income tax assets are as follows: 2018 2017 Net operating loss carryforwards $ 2,179,000 $ 1,880,000 Depreciation and accretion 2,920,000 - Equity based expenses 192,000 119,000 Other (2,000 ) - Deferred taxes 5,289,000 1,999,000 Valuation allowance (5,289,000 ) (1,999,000 ) Net deferred income tax assets $ - $ - Reconciliation of the effective income tax rate to the U.S. statutory rate is as follows: 2018 2017 Federal taxes at statutory rate 21.0 % 34.0 % Noncompulsary stock warrants -8.5 % 0.0 % Rate reduction due to the TCJA -0.1 % -49.2 % Net operating loss reduction due to IRC 382 0.0 % 203.3 % Change in valuation allowance -12.0 % 218.5 % Effective income tax rate 0.4 % 0.0 % ASC 740 provides guidance which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under the current accounting guidelines, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. As of December 31, 2018 and 2017 the Company does not have a liability for unrecognized tax benefits. The Company has elected to include interest and penalties related to uncertain tax positions as a component of income tax expense. To date, no penalties or interest has been accrued. Tax years 2015 forward are open and subject to examination by the Federal taxing authority. The Company is not currently under examination and it has not been notified of a pending examination.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Notes Payable	Note 8 – Notes Payable Notes payable were comprised of the following at December 31: 2018 2017 Rogers Note $ 398,576 $ - Kodak Note 375,000 - Matheson Note 612,500 - VPEG Note - 896,500 New VPEG Note 1,115,400 - Total notes payable 2,501,476 896,500 Less unamortized discount and issuance costs (81,823 ) - Total notes payable, net $ 2,419,653 $ 896,500 Current portion of notes payable 1,982,884 896,500 Long term notes payable, net $ 436,770 $ - Amortization of discount and issuance costs during the year ended December 31, 2018 was $41,063. The Company did not record amortization of discount and issuance costs during the year ended December 31, 2017. Future payments on notes payable at December 31, 2018 were: 2019 $ 2,039,688 2020 461,788 Total $ 2,501,476 Rogers Note In February 2015, the Company entered into an 18% Contingent Promissory Note in the amount of $250,000 with Louise H. Rogers (the "Rogers Note"), in connection with a proposed business combination with Lucas Energy Inc. Subsequent to the issuance of the Rogers Note, the Company and Louise H. Rogers entered into an agreement (the "Rogers Settlement Agreement") to terminate the Rogers Note with a lump sum payment of $258,125 to be made on or before July 15, 2015. The Company's failure to make the required payment resulted in default interest on the amount due accruing at a rate of $129.0625 per day. On October 17, 2018, the Company entered into a settlement agreement with Louise H. Rogers (the "New Rogers Settlement Agreement"), pursuant to which the amount owed by the Company under the Rogers Settlement Agreement was reduced to a $375,000 principal balance, which accrues interest at the rate of 5% per annum. A gain of $11,198, or $0.00 per share, was recorded in Other income on the Company's consolidated statements of operations for the twelve months ended December 31, 2018 in connection with the New Rogers Settlement Agreement. The New Rogers Settlement Agreement is being repaid through 24 equal monthly installments of approximately $16,607 per month beginning January 2019. The Company also agreed to reimburse Louise H. Rogers for attorney fees in the amount of $7,686, to be paid on or before November 10, 2018, and to reimburse Louise H. Rogers for additional attorney fees incurred in connection with the New Rogers Settlement Agreement. In connection with the New Rogers Settlement Agreement, the Company agreed to pay Sharon E. Conway, the attorney for Louise H. Rogers, a total of $26,616 in three equal installment payments of $8,872, the first of which was paid in November 2018 and the last of which was paid in February 2019. The amount due pursuant to the Rogers Settlement Agreement, including accrued interest, was $398,576 at December 31, 2018. Of this amount, $199,288 is reported in Short term notes payable, net and $199,288 is reported in Long term notes payable, net on the Company's consolidated balance sheets. At December 31, 2017, the amount due pursuant to the Rogers Settlement Agreement, including accrued interest, was $374,281 and was included in Accrued liabilities in the consolidated balance sheets in the Company's Annual Report on Form 10-K. The Company recorded interest expense of $35,492 and $47,108 related to the Rogers Settlement Agreement for the twelve months ended December 31, 2018 and 2017, respectively. Kodak Note On July 31, 2018, the Company entered into a loan agreement to fund the acquisition of Pro-Tech with Kodak Brothers Real Estate Cash Flow Fund, LLC, a Texas limited liability company ("Kodak"), pursuant to which the Company borrowed $375,000 from Kodak under a 10% secured convertible promissory note maturing March 31, 2019, with an option to extend maturity to June 30, 2019 (the "Kodak Note"). See Note 17, Subsequent Events, Pursuant to the issuance of the Kodak Note, the Company issued to an affiliate of Kodak a five-year warrant to purchase 375,000 shares of the Company's common stock with an exercise price of $0.75 per share (the "Kodak Warrants"). The grant date fair value of the Kodak Warrants was recorded as a discount of approximately $37,000 on the Kodak Note and will be amortized into interest expense using a method consistent with the interest method. The Company amortized $23,193 related to the Kodak Note for the twelve months ended December 31, 2018. Matheson Note In connection with the Purchase Agreement (see Note 4, Pro-Tech Acquisition The Company recorded interest expense of $17,870 related to the Matheson Note for the twelve months ended December 31, 2018. New VPEG Note See Note 13, Related Party Transactions

Stockholders Equity

Stockholders Equity	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Stockholders Equity	Note 9 – Stockholders Equity Preferred Stock 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. On August 21, 2017, the Company designated 800,000 shares as Series B Preferred Stock and issued 800,000 shares. On April 10, 2018, all shares of Series B Preferred Stock were canceled. On April 23, 2018, the Company filed a Certificate of Withdrawal with the Nevada Secretary of State to withdraw the designation of the Series B Preferred Stock and return such shares to undesignated preferred stock of the Company. Common Stock On July 31, 2018, the Company issued 11,000 shares of its $0.001 par value common stock to Stewart Matheson, the seller of Pro-Tech, in connection with the acquisition. See Note 4, Pro-Tech Acquisition

Warrants for Stock

Warrants for Stock	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Warrants for Stock	Note 10 – Warrants for Stock At December 31, 2018 and 2017 warrants outstanding for common stock of the Company were as follows: Number of Weighted Balance at January 1, 2018 527,367 $ 5.53 Granted 2,255,267 0.75 Exercised — — Canceled 69,531 10.90 Balance at December 31, 2018 2,713,103 $ 1.42 Number of Weighted Balance at January 1, 2017 292,308 $ 11.71 Granted 291,011 2.74 Exercised — — Canceled (55,952 ) 23.27 Balance at December 31, 2017 527,367 $ 5.53 During the year ended December 31, 2018, the Company granted 375,000 warrants in connection with the Kodak Note. See Note 8, Notes Payable During the year ended December 31, 2017, the Company granted 30,799 warrants for $1,170,000 in capital contributions through Navitus Partners, LLC. The Company granted 53,808 warrants in exchange for services during the year ended December 31, 2017. The Company granted 69,476 warrants to purchase shares of common stock to directors, officers and employees for services related to fiscal year 2016 during the year ended December 31, 2017. The Company also issued 136,928 warrants to purchase shares of common stock to Visionary Private Equity Group I, LP in conjunction with a private placement during the year ended December 31, 2017. All warrants were valued using the Black Scholes pricing model. The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2018: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $13.30 147,346 $ 8.92 1.45 147,346 $ 8.92 $0.75 – $3.51 2,565,757 $ 0.99 4.19 2,565,757 $ 0.99 2,713,103 2,713,103 The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2017: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $17.48 216,877 $ 9.56 1.81 216,877 $ 9.56 $1.52 – $3.51 310,490 $ 2.72 4.19 310,490 $ 2.72 527,367 527,367 These common stock purchase warrants do not trade in an active securities market, and as such, the Company estimates the fair value of these warrants using the Black-Scholes Option Pricing Model using the following assumptions: 2018 2017 Risk free interest rates 2.67% – 2.83% 1.19% – 2.13% Expected life 5 years 5 years Estimated volatility 1.0% 918.7% – 972.10% Dividend yield 0% 0% Expected volatility is based primarily on historical volatility. The schedule of fair value assumptions of warrant Historical volatility was computed using daily pricing observations for recent periods that correspond to the expected term of the warrants. The Company believes this method produces an estimate that is representative of future volatility over the expected term of these warrants. The Company currently has no reason to believe future volatility over the expected term of these warrants is likely to differ materially from historical volatility. The expected term is based on the remaining term of the warrants. The risk-free interest rate is based on U.S. Treasury securities. At December 31, 2018 and 2017 the aggregate intrinsic value of the warrants outstanding and exercisable was $0 and $408,938, respectively. The intrinsic value of a warrant is the amount by which the market value of the underlying warrant exercise price exceeds the market price of the stock at December 31 of each year.

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2018
Share-based Payment Arrangement [Abstract]
Stock Options	Note 11 – Stock Options The following table summarizes stock option activity in the Company's stock-based compensation plans for the year ended December 31, 2018. All options issued were non-qualified stock options. Number of Weighted Aggregate Number of Weighted Outstanding at December 31, 2016 27,766 $ 12.47 — 21,187 $ 13.16 Granted at Fair Value 197,369 1.52 — — — Exercised — — — — — Canceled (1,579 ) 38.00 — — — Outstanding at December 31, 2017 223,556 $ 2.62 $ 489,475 44,827 $ 13.49 Granted at Fair Value — — — — — Exercised — — — — — Canceled (12,370 ) 10.71 — — — Outstanding at December 31, 2018 211,186 $ 2.15 $ — 101,537 $ 2.83 (1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at the balance sheet date. If the exercise price exceeds the market value, there is no intrinsic value. During the year ended December 31, 2018, the Company did not grant employee stock options or stock options for consulting services. The fair value of the stock option grants is amortized over the respective vesting period using the straight-line method. Forfeitures and cancellations are recorded as they occur. Compensation expense related to stock options included in general and administrative expense in the accompanying consolidated statements of operations for the years ended December 31, 2018 and 2017, was $133,350 and $312,351, respectively. Stock options are granted at the fair market value of the Company's common stock on the date of grant. Options granted to officers and other employees vest immediately or over 36 months as provided in the option agreements at the date of grant. The fair value of each option granted in 2017 was estimated using the Black-Scholes Option Pricing Model. No options were granted in 2018. The following assumptions were used to compute the weighted average fair value of options granted during the periods presented. 2018 2017 Expected term of option N/A 10 Years Risk free interest rates N/A 2.18% Estimated volatility N/A 972.1 Dividend yield N/A 0% The following table summarizes information about stock options outstanding at December 31, 2018: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52- $13.30 211,186 8.48 $ 2.15 $ — 101,537 $ 2.83 $ — The following table summarizes information about options outstanding at December 31, 2017: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52- $13.30 223,556 9.04 $ 2.62 $ 489,475 44,827 $ 13.49 $ 54,386 A summary of the Company's non-vested stock options at December 31, 2018 and December 31, 2017 and changes during the years are presented below. Non-Vested Stock Options Options Weighted Non-Vested at December 31, 2017 178,729 $ 1.68 Granted — $ — Vested 69,080 $ — Forfeited (12,370 ) $ — Non-Vested at December 31, 2018 109,649 $ 1.52

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12 – Commitments and Contingencies Leases Rent expense for the years ended December 31, 2018 and 2017 was $30,000 for both years. The Company's office space in Austin, Texas is leased on a month-to-month basis, and the lease agreement for the Pro-Tech facility in Oklahoma County, Oklahoma is cancellable at any time by giving 90 days notice. Therefore, future annual minimum payments under non-cancellable operating leases are $0 for the years ending December 31, 2018 and 2017. We are subject to legal claims and litigation in the ordinary course of business, including but not limited to employment, commercial and intellectual property claims. The outcome of any such matters is currently not determinable, and the Company is not actively involved in any ongoing litigation as of the date of this report.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions VPEG Private Placement On February 3, 2017, the Company completed a private placement (the "VPEG Private Placement") with Visionary Private Equity Group I, LP, a Missouri limited partnership ("VPEG"), pursuant to which VPEG purchased a unit comprised of $320,000 principal amount of a 12% unsecured six-month promissory note and a common stock purchase warrant to purchase 136,928 shares of common stock at an exercise price of $3.5074 per share. Visionary PE GP I, LLC is the general partner of VPEG and Dr. Ronald Zamber, a director of the Company, is the Managing Director of Visionary PE GP I, LLC. The value attributed to the warrants issued in connection with the VPEG Private Placement was amortized over the life of the underlying promissory note using a method consistent with the interest method and reported in interest expense. Interest expense related to this amortization was $160,000 for the twelve months ended December 31, 2017. Settlement Agreement On April 10, 2018, the Company and VPEG entered into a settlement agreement and mutual release (the "Settlement Agreement"), pursuant to which VPEG agreed to release and discharge the Company from its obligations under the VPEG Note. Pursuant to the Settlement Agreement, and in consideration and full satisfaction of the outstanding indebtedness of $1,410,200 under the VPEG Note, the Company issued to VPEG 1,880,267 shares of its common stock and a five-year warrant to purchase 1,880,267 shares of its common stock at an exercise price of $0.75 per share, to be reduced to the extent the actual price per share in the Proposed Private Placement is less than $0.75. The Company recorded share based compensation of $11,281,602 in connection with the Settlement Agreement. On April 10, 2018, in connection with the Settlement Agreement, the Company and VPEG entered into a loan Agreement (the "New Debt Agreement"), pursuant to which VPEG may, at is discretion, loan to the Company up to $2,000,000 under a secured convertible original issue discount promissory note (the "New VPEG Note"). Any loan made pursuant to the New VPEG Note will reflect a 10% original issue discount, will not bear interest in addition to the original issue discount, will be secured by a security interest in all of the Company's assets, and at the option of VPEG will be convertible into shares of the Company's common stock at a conversion price equal to $0.75 per share or, such lower price as shares of Common Stock are sold to investors in the Proposed Private Placement. The balance of the New VPEG Note was $1,115,400 as of December 31, 2018 (see Note 8, Notes Payable VPEG Settlement Agreement On August 21, 2017, the Company entered into a settlement agreement and mutual release (the "VPEG Settlement Agreement") with VPEG, pursuant to which all obligations of the Company to VPEG to repay indebtedness for borrowed money (other than the VPEG Note), which totaled approximately $873,409.64, was converted into approximately 110,000 shares of Series C Preferred Stock. Pursuant to the VPEG Settlement Agreement, the 12% unsecured six-month promissory note was repaid in full and terminated, but VPEG retained the common stock purchase warrant. On January 24, 2018, these shares of Series C Preferred Stock were automatically converted into 940,272 shares of common stock. VPEG Note On August 21, 2017, the Company entered into a secured convertible original issue discount promissory note issued by the Company to VPEG (the "VPEG Note"). The VPEG Note reflects an original issue discount of $50,000 such that the principal amount of the VPEG Note is $550,000, notwithstanding the fact that the loan is in the amount of $500,000. The VPEG Note does not bear any interest in addition to the original issue discount, matures on September 1, 2017, and is secured by a security interest in all of the Company's assets. On October 11, 2017, the Company and VPEG entered into an amendment to the VPEG Note, pursuant to which the parties agreed (i) to increase the loan amount to $565,000, (ii) to increase the principal amount of the VPEG Note to $621,500, reflecting an original issue discount of $56,500, (iii) to extend the maturity date to November 30, 2017 and (iv) that VPEG will have the option, but not the obligation, to loan the Company up to an additional $250,000 under the VPEG Note. The balance of the VPEG Note was $896,500 at December 31, 2017. On January 17, 2018, the Company and VPEG entered into a second amendment to the VPEG Note, pursuant to which the parties agreed (i) to extend the maturity date to a date that is five business days following VPEG's written demand for payment on the VPEG Note; (ii) that VPEG will have the option but not the obligation to loan the Company additional amounts under the VPEG Note; and (iii) that, in the event that VPEG exercises its option to convert the note into shares of common stock at any time after the maturity date and prior to payment in full of the principal amount of the VPEG Note, the Company shall issue to VPEG a five year warrant to purchase a number of additional shares of common stock equal to the number of shares issuable upon such conversion, at an exercise price of $1.52 per share. Navitus Settlement Agreement On August 21, 2017, the Company entered into a settlement agreement and mutual release (the "Navitus Settlement Agreement") with Dr. Ronald Zamber and Mr. Greg Johnson, an affiliate of Navitus, pursuant to which all obligations of the Company to Dr. Zamber and Mr. Johnson to repay indebtedness for borrowed money, which totaled approximately $520,800, was converted into approximately 65,591 shares of Series C Preferred Stock, approximately 46,700 shares of which were issued to Dr. Zamber and approximately 18,891 shares of which were issued to Mr. Johnson. On January 24, 2018, these shares of Series C Preferred Stock were automatically converted into 342,633 shares of common stock, with 243,948 shares issued to Dr. Zamber and 98,685 shares issued to Mr. Johnson. Insider Settlement Agreement On August 21, 2017, the Company entered into a settlement agreement and mutual release (the "Insider Settlement Agreement") with Dr. Ronald Zamber and Mrs. Kim Rubin Hill, the wife of Kenneth Hill, the Company's Chief Executive Officer and Chief Financial Officer, pursuant to which all obligations of the Company to Dr. Zamber and Mrs. Hill to repay indebtedness for borrowed money, which totaled approximately $35,000, was converted into approximately 4,408 shares of Series C Preferred Stock, approximately 1,889 shares of which were issued to Dr. Zamber and approximately 2,519 shares of which were issued to Mrs. Hill. On January 24, 2018, these shares of Series C Preferred Stock were automatically converted into 23,027 shares of common stock, with 9,869 shares issued to Dr. Zamber and 13,158 shares issued to Mrs. Hill. Transaction Agreement On August 21, 2017, the Company entered into a transaction agreement (the "Transaction Agreement") with Armacor Victory Ventures, LLC, a Delaware limited liability company ("AVV"), pursuant to which AVV (i) granted to the Company a worldwide, perpetual, royalty free, fully paid up and exclusive sublicense to all of AVV's owned and licensed intellectual property for use in the Oilfield Services industry, except for a tubular solutions company headquartered in France, and (ii) agreed to contribute to the Company $5,000,000 (the "Cash Contribution"), in exchange for which the Company issued 800,000 shares of its newly designated Series B Convertible Preferred Stock. To date, AVV has contributed a total of $255,000 to the Company. On August 21, 2017, in connection with the Transaction Agreement, the Company entered into a settlement agreement and mutual release with David McCall, the former general counsel and former director of Victory (the "McCall Settlement Agreement"), pursuant to which all obligations of the Company to David McCall to repay indebtedness related to payment for legal services rendered by David McCall, which totaled $380,323 including accrued interest, was converted into 20,000 shares of the Company's newly designated Series D Preferred Stock. During the twelve months ended December 31, 2017, the Company did not redeem any shares of Series D Preferred Stock. During the twelve months ended December 31, 2018, the Company redeemed 16,666 shares of Series D Preferred Stock for cash payments of $316,942. Supplementary Agreement On April 10, 2018, the Company and AVV entered into a supplementary agreement (the "Supplementary Agreement") to address breaches or potential breaches under the Transaction Agreement, including AVV's failure to contribute the full amount of the Cash Contribution. Pursuant to the Supplementary Agreement, the Series B Convertible Preferred Stock issued under the Transaction Agreement was canceled and, in lieu thereof, the Company issued to AVV 20,000,000 shares of its common stock (the "AVV Shares"). The Supplementary Agreement contains certain covenants by AVV, including a covenant that AVV will use its best efforts to help facilitate approval of a proposed $7 million private placement of the Company's common stock at a price per share of $0.75, which will include 50% warrant coverage at an exercise price of $0.75 per share (the "Proposed Private Placement"), and that AVV will invest a minimum of $500,000 in the Proposed Private Placement. On April 23, 2018, the Company filed a Certificate of Withdrawal with the Nevada Secretary of State to withdraw the designation of the Series B Convertible Preferred Stock and return such shares to undesignated preferred stock of the Company. Consulting Fees During the twelve months ended December 31, 2018 and 2017, the Company paid $105,030 and $120,000, respectively, in consulting fees to Kevin DeLeon, a director of the Company.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Segment and Geographic Information	Note 14 – Segment and Geographic Information The Company has one reportable segment: Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing and drill collars. All Hardband Services revenue is generated in the United States, and all assets related to Hardband Services are located in the United States. Because the Company operates with only one reportable segment in one geographical area, there is no supplementary revenue or asset information to present.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Net Loss Per Share	Note 15 – Net Loss Per Share Basic loss per share is computed using the weighted average number of common shares outstanding at December 31, 2018 and 2017, respectively. Diluted loss per share reflects the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. The following table sets forth the computation of net loss per common share – basic and diluted: 12 months ended December 31, 2018 2017 Numerator: Net loss (27,309,510 ) (20,720,286 ) Denominator Basic weighted average common shares outstanding 21,290,933 1,039,420 Net loss per common share Basic and diluted (1.28 ) (19.93 ) For the years ended December 31, 2018 and 2017, potentially dilutive shares of 3,003,782 and 888,855, respectively, were excluded from the calculation of dilutive shares because the effect of including them would have been anti-dilutive.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2018
Employee Benefit Plan [Abstract]
Employee Benefit Plan	Note 16 – Employee Benefit Plan The Company sponsors a defined-contribution savings plan under Section 401(k) of the Internal Revenue Code covering full-time employees of Pro-Tech ("Pro-Tech 401(k) Plan"). The Pro-Tech 401(k) Plan is intended to qualify under Section 401 of the Internal Revenue Code. Participants meeting certain criteria, as defined in the plan document, are eligible for a matching contribution, in amounts determined at the discretion of the Company. Contributions to the Molecular Templates 401(k) Plan by the Company were $7,915 and $0 for the years ended December 31, 2018 and 2017, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 17 – Subsequent Events On April 1, 2019, the Company elected to extend the maturity date of the Kodak Note from March 31, 2019 to June 30, 2019, and paid an extension fee of $9,375 in connection with this extension. On July 10, 2019, the Company entered into an Extension and Modification Agreement with Kodak (the "Kodak Extension"), under which the terms of the Kodak Note were amended as follows: (i) the maturity date was extended to September 30, 2019, (ii) the interest rate was increased to 15% beginning July 1, 2019, with a prepayment of interest in the amount of $14,063 for the period from July through September 2019 made upon execution of the Kodak Extension, and (iii) an extension fee of $14,063 was paid to Kodak upon execution of the Kodak Extension. On October 21, 2019, the Company, Kodak and Pro-Tech entered into a Second Extension and Modification Agreement, effective September 30, 2019, pursuant to which the maturity date of the Kodak Note was extended from September 30, 2019 to December 20, 2019, and the interest rate was increased from 15% to 17.5%. Upon the execution of the Second Extension and Modification Agreement, we paid to Kodak interest on the Loan for the fourth quarter of 2019 in the amount of $11,059.03, and an extension fee in the amount of $14,062.50. The Company agreed to: (i) pay a total of $12,500.00 to Kodak and its manager, which represents due diligence fees; (ii) pay to Kodak and its manager a total of $27,500, which represents $25,000 of loan monitoring fees and $2,500 of loan extension fees; (iii) on or before October 31, 2019, pay to Kodak the sum of $125,000, as a payment of principal, and the Company will incur a late of $5,000 for every seven (7) days (or portion thereof) that the balance remains unpaid after October 31, 2019; (iv) on or before November 29, 2019, pay to Kodak the sum of $125,000, as a payment of principal, and the Company will incur a late fees of $5,000 for every seven (7) days (or portion thereof) that the balance remains unpaid after November 29, 2019; and (v) on or before December 30, 2019, the Company will pay to Kodak any unpaid and/or outstanding balances owed on the Note. If the Note and any late fees, other fees, interest, or principal is not paid in full by December 30, 2019, the Company will pay to Kodak $25,000 as liquidated damages. As of January 10, 2020, VPEG, on behalf of the Company, has paid in full all amounts due in connection with the Kodak Note. The November 29, 2019 payment was not paid timely and therefore Victory incurred a $5,000 penalty. The December 30, 2019 payment was not paid timely and accordingly Victory incurred penalties of $45,000 and interest of $9,076. During the period of January 1, 2019 through December 31, 2019 the Company received additional loan proceeds of $798,750 from VPEG.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. The Company had no cash equivalents at December 31, 2018 and December 31, 2017.
Fair Value	Fair Value At December 31, 2018 and 2017, the carrying value of our financial instruments such as prepaid expenses and payables approximated their fair values based on the short-term maturities of these instruments. The carrying value of other liabilities approximated their fair values because the underlying interest rates approximated market rates at the balance sheet dates. Management believes that due to our current credit worthiness, the fair value of debt could be less than the book value. Financial Accounting Standard Board, or FASB, Accounting Standards Codification, or ASC, Topic 820, Fair Value Measurements and Disclosures Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Leve1 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Leve1 2 input must be observable for substantially the full term of the asset or liability; and Leve1 3 - unobservable inputs for the asset or liability. These unobservable inputs reflect the entity's own assumptions about the assumptions that market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances (which might include the reporting entity's own data).
Revenue Recognition	Revenue Recognition Effective January 1, 2018, the Company adopted Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers The Company has one revenue stream, which relates to the provision of hardbanding services by its subsidiary Pro-Tech. All performance obligations of the Company's contracts with customers are satisfied over the duration of the contract as customer-owned equipment is serviced and then made available for immediate use as completed during the service period. The Company has reviewed its contracts with Pro-Tech customers and determined that due to their short-term nature, with durations of several days of service at the customer's location, it is only those contracts that occur near the end of a financial reporting period that will potentially require allocation to ensure revenue is recognized in the proper period. The Company has reviewed all such transactions and recorded revenue accordingly. For the twelve months ended December 31, 2018, the Company recognized revenue of $1,034,317 from contracts with oilfield operators, and the Company did not recognize impairment losses on any receivables or contract assets. The Company had no revenue for the twelve months ended December 31, 2017. Because the Company's contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations. Management evaluated, and determined that no disaggregation of revenue disclosure was appropriate.
Concentration of Credit Risk, Accounts Receivable and Allowance for Doubtful Accounts	Concentration of Credit Risk, Accounts Receivable and Allowance for Doubtful Accounts Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality institutions and accounts receivable due from Pro-Tech's customers. Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that it reasonably believes to be collectable from the customer. Accounts receivable are written off at the point they are considered uncollectible. Due to historically very low uncollectible balances and no specific indications of current uncollectibility, the Company has not recorded an allowance for doubtful accounts at December 31, 2018 and 2017. If the financial conditions of Pro-Tech's customers were to deteriorate or if general economic conditions were to worsen, additional allowances may be required in the future. As of December 31, 2018, one customer comprised 27%, one customer comprised 16% and a third customer comprised 13% of the Company's gross accounts receivables. As of December 31, 2018, two customers comprised 36% of the Company's revenues. The Company had no revenue or accounts receivable for the twelve months ended December 31, 2017.
Inventory	Inventory The Company's inventory balances are stated at the lower of cost or net realizable value on a first-in, first-out basis. Inventory consists of products purchased by Pro-Tech for use in the process of providing hardbanding services. No impairment losses on inventory were recorded for the twelve months ended December 31, 2018 and 2017.
Property, Plant and Equipment	Property, Plant and Equipment Property, Plant and Equipment is stated at cost. Maintenance and repairs are charged to expense as incurred and the costs of additions and betterments that increase the useful lives of the assets are capitalized. When property, plant and equipment is disposed of, the cost and related accumulated depreciation are removed from the consolidated balance sheets and any gain or loss is included in Other income/(expense) in the consolidated statements of operations. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, as follows: Asset category Useful Life Welding equipment, Trucks, Machinery and equipment 5 years Office equipment 5 - 7 years Computer hardware and software 7 years See Note 5, Property, Plant and Equipment
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Finite-lived intangible assets are recorded at cost, net of accumulated amortization and, if applicable, impairment charges. Amortization of finite-lived intangible assets is provided over their estimated useful lives on a straight-line basis or the pattern in which economic benefits are consumed, if reliably determinable. The Company reviews its finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We perform an impairment test of goodwill annually and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. To date, an impairment of goodwill has not been recorded. The Company's Goodwill balance consists of the amount recognized in connection with the acquisition of Pro-Tech. See Note 4, Pro-Tech Acquisition The Company's contract-based intangible assets include an agreement to sublicense certain patents belonging to AVV (the "AVV Sublicense") and a license (the "Trademark License") to the trademark of Liquidmetal Coatings Enterprises LLC ("Liquidmetal"). The contract-based intangible assets have useful lives of approximately 11 years for the AVV Sublicense and 15 years for the Trademark License. With the initiation of a multi-year strategy plan involving synergies between the acquisition of Pro-Tech and the Company's existing intellectual property, the Company has begun to use the economic benefits of its intangible assets, and therefore began amortization of its intangible assets on a straight-line basis over the useful lives indicated above beginning July 31, 2018, the effective date of the Pro-Tech acquisition. See Note 6, Goodwill and Other Intangible Assets
Business Combinations	Business Combinations Business combinations are accounted for using the acquisition method of accounting. Under the acquisition method, assets acquired and liabilities assumed are recorded at their respective fair values as of the acquisition date in the Company's consolidated financial statements. The excess of the fair value of consideration transferred over the fair value of the net assets acquired is recorded as goodwill.
Share-Based Compensation	Share-Based Compensation The Company from time to time may issue stock options, warrants and restricted stock as compensation to employees, directors, officers and affiliates, as well as to acquire goods or services from third parties. In all cases, the Company calculates share-based compensation using the Black-Scholes option pricing model and expenses awards based on fair value at the grant date on a straight-line basis over the requisite service period, which in the case of third party suppliers is the shorter of the period over which services are to be received or the vesting period, and for employees, directors, officers and affiliates is typically the vesting period. Share-based compensation is included in general and administrative expenses in the consolidated statements of operations. See Note 11, Stock Options
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes,
Earnings per Share policy	Earnings per Share Basic earnings per share are computed using the weighted average number of common shares outstanding at December 31, 2018 and 2017, respectively. The weighted average number of common shares outstanding was 21,290,933 and 1,039,420, respectively, at December 31, 2018 and 2017. Diluted earnings per share reflect the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Given the historical and projected future losses of the Company, all potentially dilutive common stock equivalents are considered anti-dilutive. The following table outlines outstanding common stock shares and common stock equivalents. Years Ended December 31, 2018 2017 Common Stock Shares Outstanding 28,037,713 5,206,174 Common Stock Equivalents Outstanding Warrants 2,713,103 527,367 Stock Options 221,713 223,556 Unconverted Preferred A Shares 68,966 137,932 Total Common Stock Equivalents Outstanding 3,003,782 888,855 The presentation of loss per share and weighted average shares outstanding for the year ended December 31, 2017 has been restated from its previous presentation, as a result of erroneously including anti-dilutive shares in the calculation.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of estimated useful lives of the related assets used in computation of depreciation	Asset category Useful Life Welding equipment, Trucks, Machinery and equipment 5 years Office equipment 5 - 7 years Computer hardware and software 7 years
Schedule of outstanding common stock shares and common stock equivalents	Years Ended December 31, 2018 2017 Common Stock Shares Outstanding 28,037,713 5,206,174 Common Stock Equivalents Outstanding Warrants 2,713,103 527,367 Stock Options 221,713 223,556 Unconverted Preferred A Shares 68,966 137,932 Total Common Stock Equivalents Outstanding 3,003,782 888,855

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations	12 Months Ended December 31, 2018 2017 Revenues from discontinued operations $ 284,397 $ 276,705 Income from discontinued operations before tax benefit 168,794 14,301 Tax benefit - - Net income from discontinued operations 168,794 14,301 Loss on disposal of discontinued operations, net of tax - (18,205,884 ) Income (loss) from discontinued operations, net of tax $ 168,794 $ (18,191,583 )

Pro-Tech Acquisition (Tables)

Pro-Tech Acquisition (Tables)	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Schedule of methodology and estimates utilized to determine the net tangible assets and intangible assets	Net tangible assets acquired, at fair value $ 1,068,905 Intangible assets acquired: - Customer relationships 129,680 Trademark 42,840 Goodwill 145,148 Total purchase price $ 1,386,573
Summary of components of net tangible assets acquired, at fair value	Cash and cash equivalents $ 203,883 Accounts receivable 264,078 Inventories 54,364 Property and equipment 678,361 Deferred tax liability (87,470 ) Other assets and liabilities, net (44,311 ) Net tangible assets acquired $ 1,068,905
Schedule of unaudited combined pro-forma financial data	12 Months Ended December 31, 2018 2017 Pro forma net revenue $ 2,224,031 $ 1,641,153 Pro forma net loss $ (27,374,775 ) $ (20,698,319 ) Pro forma net loss per share (basic) $ (1.29 ) $ (18.12 ) Pro forma net loss per share (diluted) $ (1.29 ) $ (18.12 )

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	2018 2017 Trucks $ 350,299 $ - Welding equipment 285,991 - Office equipment 23,408 - Machinery and equipment 18,663 - Furniture and office equipment 12,768 12,768 Computer hardware 8,663 8,663 Computer software 22,191 22,191 Total property, plant and equipment, at cost 721,983 43,622 Less -- accumulated depreciation (106,316 ) (43,133 ) Property, plant and equipment, net $ 615,667 $ 489

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets and related accumulated amortization	December 31, December 31, 2018 2017 AVV sublicense $ 11,330,000 $ 11,330,000 Trademark license 6,030,000 6,030,000 Non-compete agreements 270,000 270,000 Pro-Tech customer relationships 129,680 - Pro-Tech trademark 42,839 - Accumulated amortization and impairment (14,777,188 ) - Other intangible assets, net $ 3,025,331 $ 17,630,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	2018 2017 Net operating loss carryforwards $ 2,179,000 $ 1,880,000 Depreciation and accretion 2,920,000 - Equity based expenses 192,000 119,000 Other (2,000 ) - Deferred taxes 5,289,000 1,999,000 Valuation allowance (5,289,000 ) (1,999,000 ) Net deferred income tax assets $ - $ -
Schedule of Effective Income Tax Rate Reconciliation	2018 2017 Federal taxes at statutory rate 21.0 % 34.0 % Noncompulsary stock warrants -8.5 % 0.0 % Rate reduction due to the TCJA -0.1 % -49.2 % Net operating loss reduction due to IRC 382 0.0 % 203.3 % Change in valuation allowance -12.0 % 218.5 % Effective income tax rate 0.4 % 0.0 %

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of notes payable	2018 2017 Rogers Note $ 398,576 $ - Kodak Note 375,000 - Matheson Note 612,500 - VPEG Note - 896,500 New VPEG Note 1,115,400 - Total notes payable 2,501,476 896,500 Less unamortized discount and issuance costs (81,823 ) - Total notes payable, net $ 2,419,653 $ 896,500 Current portion of notes payable 1,982,884 896,500 Long term notes payable, net $ 436,770 $ -
Schedule of future payments on notes payable	2019 $ 2,039,688 2020 461,788 Total $ 2,501,476

Warrants for Stock (Tables)

Warrants for Stock (Tables)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Schedule of warrants outstanding for common stock	Number of Weighted Balance at January 1, 2018 527,367 $ 5.53 Granted 2,255,267 0.75 Exercised — — Canceled 69,531 10.90 Balance at December 31, 2018 2,713,103 $ 1.42 Number of Weighted Balance at January 1, 2017 292,308 $ 11.71 Granted 291,011 2.74 Exercised — — Canceled (55,952 ) 23.27 Balance at December 31, 2017 527,367 $ 5.53
Schedule of information about stock warrants	The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2018: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $13.30 147,346 $ 8.92 1.45 147,346 $ 8.92 $0.75 – $3.51 2,565,757 $ 0.99 4.19 2,565,757 $ 0.99 2,713,103 2,713,103 The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2017: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $17.48 216,877 $ 9.56 1.81 216,877 $ 9.56 $1.52 – $3.51 310,490 $ 2.72 4.19 310,490 $ 2.72 527,367 527,367
Schedule of fair value of each warrant	2018 2017 Risk free interest rates 2.67% – 2.83% 1.19% – 2.13% Expected life 5 years 5 years Estimated volatility 1.0% 918.7% – 972.10% Dividend yield 0% 0%

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2018
Share-based Payment Arrangement [Abstract]
Schedule of stock option activity	Number of Weighted Aggregate Number of Weighted Outstanding at December 31, 2016 27,766 $ 12.47 — 21,187 $ 13.16 Granted at Fair Value 197,369 1.52 — — — Exercised — — — — — Canceled (1,579 ) 38.00 — — — Outstanding at December 31, 2017 223,556 $ 2.62 $ 489,475 44,827 $ 13.49 Granted at Fair Value — — — — — Exercised — — — — — Canceled (12,370 ) 10.71 — — — Outstanding at December 31, 2018 211,186 $ 2.15 $ — 101,537 $ 2.83
Schedule of stock option fair value assumptions	2018 2017 Expected term of option N/A 10 Years Risk free interest rates N/A 2.18% Estimated volatility N/A 972.1 Dividend yield N/A 0%
Schedule of information about stock options	The following table summarizes information about stock options outstanding at December 31, 2018: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52- $13.30 211,186 8.48 $ 2.15 $ — 101,537 $ 2.83 $ — The following table summarizes information about options outstanding at December 31, 2017: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52- $13.30 223,556 9.04 $ 2.62 $ 489,475 44,827 $ 13.49 $ 54,386
Schedule of non-vested stock options	Non-Vested Stock Options Options Weighted Non-Vested at December 31, 2017 178,729 $ 1.68 Granted — $ — Vested 69,080 $ — Forfeited (12,370 ) $ — Non-Vested at December 31, 2018 109,649 $ 1.52

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of computation of net loss per common share basic and diluted	12 months ended December 31, 2018 2017 Numerator: Net loss (27,309,510 ) (20,720,286 ) Denominator Basic weighted average common shares outstanding 21,290,933 1,039,420 Net loss per common share Basic and diluted (1.28 ) (19.93 )

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2018
Welding equipment, Trucks, Machinery and equipment [Member]
Useful Life	5 years
Office equipment [Member] | Minimum [Member]
Useful Life	5 years
Office equipment [Member] | Maximum [Member]
Useful Life	7 years
Computer hardware and software [Member]
Useful Life	7 years

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies (Details 1) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Total common stock equivalents outstanding	3,003,782	888,855
Unconverted Preferred A Shares [Member]
Outstanding common stock shares and common stock equivalents	68,966	137,932
Stock Options [Member]
Outstanding common stock shares and common stock equivalents	221,713	223,556
Common Stock Shares Outstanding [Member]
Outstanding common stock shares and common stock equivalents	28,037,713	5,206,174
Warrants [Member]
Outstanding common stock shares and common stock equivalents	2,713,103	527,367

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables
Useful life of contract-based intangible assets	10 years
Expected duration of Company's contracts		1 year
Accumulated deficit		$ (94,170,546)	$ (66,861,036)
Working capital deficit		(2,155,242)
Revenue from contract		$ 1,034,317
Weighted average shares, basic and diluted		21,290,933	1,039,420
Two Customer [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables		36.00%
Sublicense Agreement [Member]
Summary of Significant Accounting Policies (Textual)
Useful life of contract-based intangible assets		11 years
Trademarks [Member]
Summary of Significant Accounting Policies (Textual)
Useful life of contract-based intangible assets		15 years
Accounts Receivable [Member] | One Customer [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables		27.00%
Accounts Receivable [Member] | Two Customer [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables		16.00%
Accounts Receivable [Member] | Three Customer [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables		13.00%

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of discontinued operations, net of tax		$ (18,205,884)
Income (loss) from discontinued operations, net of tax	168,794	(18,191,583)
Discontinued Operations, Disposed of by Means Other than Sale, Exchange [Member] | Aurora Energy Partners [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues from discontinued operations	284,397	276,705
Income from discontinued operations before tax benefit	168,794	14,301
Tax benefit
Net income from discontinued operations	168,794	14,301
Loss on disposal of discontinued operations, net of tax		(18,205,884)
Income (loss) from discontinued operations, net of tax	$ 168,794	$ (18,191,583)

Discontinued Operations (Deta_2

Discontinued Operations (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 14, 2017	Aug. 21, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock, issued (in shares)	28,037,713	5,206,174
Warrant exercise price (in dollars per share)	$ 1.52
Divestiture Agreement, description	(i) the issuance of 4,382,872 shares of common stock to Navitus; (ii) the payment or satisfaction by the Company of all indebtedness or other liabilities of Aurora, which total approximately $1.2 million; (iii) the receipt of any authorizations, consents and approvals of all governmental authorities or agencies and of any third parties; (iv) the execution of a mutual release by the parties; and (v) the execution of customary officer certificates by the Company and Navitus regarding the representations, warrants and covenants contained in the Divestiture Agreement. Consequently, the Company issued 4,382,872 shares of common stock to Navitus on December 14, 2017.
Subsidiaries [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncontrolling ownership percentage of subsidiary				50.00%
Navitus Partners, LLC [Member] | Subsidiaries [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncontrolling ownership percentage of subsidiary				50.00%
Aurora Energy Partners [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, liabilities	$ 1,200,000
Navitus Partners, LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Warrant exercise price (in dollars per share)	$ 1.52
Navitus Partners, LLC [Member] | Aurora Energy Partners [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock, issued (in shares)			4,382,872

Pro-Tech Acquisition (Details)

Pro-Tech Acquisition (Details)	Jul. 31, 2018USD ($)
Business Combinations [Abstract]
Net tangible assets acquired, at fair value	$ 1,068,905
Intangible assets acquired:
Customer relationships	129,680
Trademark	42,840
Goodwill	145,148
Total purchase price	$ 1,386,573

Pro-Tech Acquisition (Details 1

Pro-Tech Acquisition (Details 1)	Jul. 31, 2018USD ($)
Business Combinations [Abstract]
Cash and cash equivalents	$ 203,883
Accounts receivable	264,078
Inventories	54,364
Property and equipment	678,361
Deferred tax liability	(87,470)
Other assets and liabilities, net	(44,311)
Net tangible assets acquired	$ 1,068,905

Pro-Tech Acquisition (Details 2

Pro-Tech Acquisition (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Business Combinations [Abstract]
Pro forma net revenue	$ 2,224,031	$ 1,641,153
Pro forma net loss	$ (27,374,775)	$ (20,698,319)
Pro forma net loss per share (basic)	$ (1.29)	$ (18.12)
Pro forma net loss per share (diluted)	$ (1.29)	$ (18.12)

Pro-Tech Acquisition (Details T

Pro-Tech Acquisition (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Pro-Tech Acquisition (Textual)
Percentage of voting interest acquired	100.00%
Purchase consideration	$ 1,386,000
Cash payment	500,000
Escrow account released for payment of shares acquired	$ 150,000
Number of shares issued in consideration	11,000
Share price	$ 0.75
Cash payment of accounts receivable	$ (264,078)	$ (563,633)
Zero-coupon note payable	$ 614,223

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 721,983	$ 43,622
Less -- accumulated depreciation	(106,316)	(43,133)
Property, plant and equipment, net	615,667	489
Trucks [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	350,299
Welding equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	285,991
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	23,408
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	18,663
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	12,768	12,768
Computer hardware [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	8,663	8,663
Computer software [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 22,191	$ 22,191

Property, Plant and Equipment_3

Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment (Textual)
Depreciation expense	$ 63,183	$ 91,321

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Intangible assets and related accumulated amortization
AVV sublicense	$ 11,330,000	$ 11,330,000
Trademark license	6,030,000	6,030,000
Non-compete agreements	270,000	270,000
Pro-Tech customer relationships	129,680
Pro-Tech trademark	42,839
Accumulated amortization and impairment	(14,777,188)
Other intangible assets, net	$ 3,025,331	$ 17,630,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Amortization of intangible assets	$ 611,355
Total impairment loss	14,165,833
AVV Sublicense [Member]
Total impairment loss	9,115,833
Trademark License [Member]
Total impairment loss	4,847,500
Non-Compete Agreements [Member]
Total impairment loss	$ 202,500

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 2,179,000	$ 1,880,000
Depreciation and accretion	2,920,000
Equity based expenses	192,000	119,000
Other	(2,000)
Deferred taxes	5,289,000	1,999,000
Valuation allowance	(5,289,000)	(1,999,000)
Net deferred income tax assets

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal taxes at statutory rate	21.00%	34.00%
Noncompulsary stock warrants	(8.50%)	0.00%
Rate reduction due to the TCJA	(0.10%)	(49.20%)
Net operating loss reduction due to IRC 382	0.00%	203.30%
Change in valuaton allowance	(12.00%)	218.50%
Effective income tax rate	0.40%	0.00%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Taxes (Textual)
Tax benefit	$ (93,531)
Operating loss carryforwards		$ 8,163,281
Limitation on operating loss carryforwards, period		20 years
Operating loss carryforwards incurred	$ 1,118,000	$ 2,186,513
Income taxes, description	Events which may cause limitations in the amount of the net operating losses that the Company may use in any one year include, but are not limited to, a cumulative ownership change of more than 50% over a three-year period.
Net operating loss	$ 10,369,000
Expire date	Dec. 31, 2028
Minimum [Member]
Income Taxes (Textual)
Coporate income tax rate	34.00%
Maximum [Member]
Income Taxes (Textual)
Coporate income tax rate	21.00%

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Total notes payable	$ 2,501,476	$ 896,500
Less unamortized discount and issuance costs	(81,823)
Total notes payable, net	2,419,653	896,500
Current portion of notes payable	1,982,884	896,500
Long term notes payable, net	436,770
Roger Note [Member]
Total notes payable	398,576
Kodak Note [Member]
Total notes payable	375,000
Matheson Note [Member]
Total notes payable	612,500
VPEG Note [Member]
Total notes payable		896,500
New VPEG Note [Member]
Total notes payable	$ 1,115,400

Notes Payable (Details 1)

Notes Payable (Details 1)	Dec. 31, 2018USD ($)
Debt Disclosure [Abstract]
2019	$ 2,039,688
2020	461,788
Total	$ 2,501,476

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	1 Months Ended				12 Months Ended
	Nov. 10, 2018	Oct. 17, 2018	Jul. 31, 2018	Feb. 28, 2015	Dec. 31, 2018	Dec. 31, 2017	Jan. 31, 2019	Jul. 15, 2015
Notes Payable (Textual)
Amortization of discount and issuance costs						$ 6,237
Warrant exercise price (in dollars per share)					$ 1.52
Notes payable					$ 2,419,653	896,500
Monthly installments							$ 16,607
Short term notes payable					867,484
Long term notes payable					436,770
Rogers Settlement Agreement [Member]
Notes Payable (Textual)
Interest expense					$ 35,492	47,108
Louise H Rogers [Member]
Notes Payable (Textual)
Collaboration agreement, settlement agreement, total settlement payments due								$ 258,125
Accrued interest						374,281
Attorney fees	$ 7,686
Settlement agreement, description					In connection with the New Rogers Settlement Agreement, the Company agreed to pay Sharon E. Conway, the attorney for Louise H. Rogers, a total of $26,616 in three equal installment payments of $8,872, the first of which was paid in November 2018 and the last of which was paid in February 2019.
Louise H Rogers [Member] | Rogers Settlement Agreement [Member]
Notes Payable (Textual)
Accrued interest					$ 398,576
Short term notes payable					199,288
Long term notes payable					199,288
Louise H Rogers [Member] | Lucas Energy Inc [Member]
Notes Payable (Textual)
Stated interest rate				18.00%
Notes payable				$ 250,000
Interest on the amount due				$ 129
Convertible Notes Payable [Member]
Notes Payable (Textual)
Amortization of discount and issuance costs					41,063
Stated interest rate			10.00%
Principal amount		$ 375,000	$ 375,000
Number of shares called by warrants (in shares)			375,000
Warrant exercise price (in dollars per share)			$ 0.75
Accrued interest, percentage		5.00%
Gain on other income		$ 11,198
Other income per share		$ 0
amortized of interest expense			$ 37,000		23,193
Matheson Note [Member]
Notes Payable (Textual)
Interest expense					$ 17,870
Purchase agreement, description					In connection with the Purchase Agreement (see Note 4, Pro-Tech Acquisition, for further information), the Company is required to make a series of eight quarterly payments of $87,500 each beginning October 31, 2018 and ending July 31, 2020 to Stewart Matheson, the seller of Pro-Tech (the “Matheson Note”). The Company is treating this obligation as a 12% zero-coupon note, with amounts falling due in less than one year included in Short-term notes payables and the remainder included in Long-term notes payable on the Company’s consolidated balance sheets.
New VPEG Note [Member]
Notes Payable (Textual)
Interest expense					$ 101,400	210,000
Outstanding balance amount					$ 1,115,400	$ 896,500

Stockholders Equity (Details)

Stockholders Equity (Details) - $ / shares	1 Months Ended
	Jul. 31, 2018	Jan. 24, 2018	Dec. 31, 2018	Dec. 31, 2017	Aug. 21, 2017
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001
Pro-Tech Hardbanding Services Inc [Member] | Stewart Matheson [Member]
Stock awards grants during period (in shares)	11,000
Common stock, par value (in dollars per share)	$ 0.001
Series C Preferred Stock [Member]
Preferred stock, shares authorized			0	810,000	810,000
Preferred stock, shares issued			0	180,000	180,000
Debt converted to shares (in shares)		940,272
Series B Preferred Stock [Member]
Preferred stock, shares authorized			0	800,000	800,000
Preferred stock, shares issued			0	800,000	800,000

Warrants for Stock (Details)

Warrants for Stock (Details) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Balance, shares	527,367	292,308
Granted	2,255,267	291,011
Exercised
Canceled	69,531	(55,952)
Balance, shares	2,713,103	527,367
Balance	$ 5.53	$ 11.71
Granted	0.75	2.74
Exercised
Canceled	10.90	23.27
Balance	$ 1.42	$ 5.53

Warrants for Stock (Details 1)

Warrants for Stock (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Shares Underlying Warrants	2,713,103	527,367
Number of Shares Underlying Warrants	2,713,103	527,367
Exercise Price Warrants One [Member] | Warrants [Member]
Exercise prices range, lower limit	$ 4.94	$ 4.94
Exercise prices range, upper limit	$ 13.30	$ 17.48
Number of Shares Underlying Warrants	147,346	216,877
Weighted Average Exercise Price	$ 8.92	$ 9.56
Weighted Average Remaining Contractual Life	1 year 5 months 12 days	1 year 9 months 22 days
Number of Shares Underlying Warrants	147,346	216,877
Weighted Average Exercise Price	$ 8.92	$ 9.56
Exercise Price Warrants Two [Member] | Warrants [Member]
Exercise prices range, lower limit	0.75	1.52
Exercise prices range, upper limit	$ 3.51	$ 3.51
Number of Shares Underlying Warrants	2,565,757	310,490
Weighted Average Exercise Price	$ 0.99	$ 2.72
Weighted Average Remaining Contractual Life	4 years 2 months 8 days	4 years 2 months 8 days
Number of Shares Underlying Warrants	2,565,757	310,490
Weighted Average Exercise Price	$ 0.99	$ 2.72

Warrants for Stock (Details 2)

Warrants for Stock (Details 2) - Warrants [Member]	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Expected life	5 years	5 years
Estimated volatility	1.00%
Dividend yield	0.00%	0.00%
Minimum [Member]
Risk free interest rates	2.67%	1.19%
Estimated volatility		918.70%
Maximum [Member]
Risk free interest rates	2.83%	2.13%
Estimated volatility		972.10%

Warrants for Stock (Details Tex

Warrants for Stock (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Warrants [Member]
Warrants for Stock (Textual)
warrant granted	375,000	30,799
Capital contributions		$ 1,170,000
Aggregate intrinsic value	$ 0	$ 408,938
Warrants One [Member]
Warrants for Stock (Textual)
warrant granted		53,808
Warrants Two [Member]
Warrants for Stock (Textual)
warrant granted		69,476
Warrants Three [Member]
Warrants for Stock (Textual)
warrant granted		136,928

Stock Options (Details)

Stock Options (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Options
Beginning balance, shares	527,367
Ending balance, shares	2,713,103	527,367
Number of Options Exercisable
Beginning balance, shares	527,367
Ending balance, shares	2,713,103	527,367
Stock option [Member]
Number of Options
Beginning balance, shares	223,556	27,766
Granted at Fair Value		197,369
Exercised
Canceled	(12,370)	(1,579)
Ending balance, shares	211,186	223,556
Weighted Average Exercise Price
Beginning balance	$ 2.62	$ 12.47
Granted at Fair Value		1.52
Exercised
Canceled	10.71	38
Ending balance	$ 2.15	$ 2.62
Aggregate Intrinsic Value
Beginning balance	$ 489,475
Granted at Fair Value
Exercised
Canceled/Forfeited
Ending balance		$ 489,475
Number of Options Exercisable
Beginning balance, shares	44,827	21,187
Granted at Fair Value
Exercised
Canceled
Ending balance, shares	101,537	44,827
Weighted Average Fair Value At Date of Grant
Beginning balance	$ 13.49	$ 13.16
Granted at Fair Value
Exercised
Canceled
Ending balance	$ 2.83	$ 13.49

Stock Options (Details 1)

Stock Options (Details 1) - Stock Option [Member]	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Expected term of option	0 years	10 years
Risk free interest rates	0.00%	2.18%
Estimated volatility	0.00%	972.10%
Dividend yield	0.00%	0.00%

Stock Options (Details 2)

Stock Options (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Number of Options, shares	2,713,103	527,367
Number Exercisable	2,713,103	527,367
Stock Option [Member]
Number of Options, shares	211,186	223,556	27,766
Weighted Average Exercise Price	$ 2.15	$ 2.62	$ 12.47
Number Exercisable	101,537	44,827	21,187
Stock Option [Member] | $1.52- $13.30 [Member]
Range of Exercise Prices, lower limit	$ 1.52	$ 1.52
Range of Exercise Prices, upper limit	$ 13.30	$ 13.30
Number of Options, shares	211,186	223,556
Weighted Average Remaining Contractual Life (Years)	8 years 5 months 23 days	9 years 15 days
Weighted Average Exercise Price	$ 2.15	$ 2.62
Aggregate Intrinsic Value		$ 489,475
Number Exercisable	101,537	44,827
Weighted Average Exercise Price of Exercisable Options	$ 2.83	$ 13.49
Aggregate Intrinsic Value		$ 54,386

Stock Options (Details 3)

Stock Options (Details 3) - Equity Option [Member]	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Options
Non-vested beginning balance, shares | shares	178,729
Granted | shares
Vested | shares	69,080
Forfeited | shares	(12,370)
Non-vested ending balance, shares | shares	109,649
Weighted Average Grant Date Fair Value
Non-vested beginning balance | $ / shares	$ 1.68
Granted | $ / shares
Vested | $ / shares
Forfeited | $ / shares
Non-vested ending balance | $ / shares	$ 1.52

Stock Options (Details Textual)

Stock Options (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Equity Option [Member]
Stock Options (Textual)
Compensation expense related to stock options	$ 133,350	$ 312,351

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Commitments and Contingencies (Textual)
Rent expense	$ 30,000	$ 30,000
Commitments and Contingencies, description	The Company's office space in Austin, Texas is leased on a month-to-month basis, and the lease agreement for the Pro-Tech facility in Oklahoma County, Oklahoma is cancellable at any time by giving 90 days notice.
Future annual minimum payments under non-cancellable operating leases	$ 0	$ 0

Related Party Transactions (Det

Related Party Transactions (Details)	Apr. 10, 2018USD ($)$ / sharesshares	Oct. 11, 2017USD ($)	Jul. 31, 2018USD ($)	Jan. 24, 2018shares	Aug. 21, 2017USD ($)shares	Dec. 31, 2018USD ($)$ / shares	Feb. 03, 2018shares	Dec. 31, 2017USD ($)shares	Jan. 17, 2018$ / shares	Feb. 03, 2017USD ($)$ / shares
Related Party Transactions (Textual)
Warrant exercise price | $ / shares						$ 1.52
Amotization related to interest expense						$ 41,060		$ 210,000
Share based compensation						11,413,072		$ 312,351
Common stock, shares | shares								26,802,052
Cash payments			$ 264,078			563,633
Supplementary Agreement [Member]
Related Party Transactions (Textual)
Cash contribution for shares	$ 7,000,000
Shares issued in sale (in shares) | shares	20,000,000
Stock price (in dollars per share) | $ / shares	$ 0.75
Warrant coverage, percent	0.50
Minimum investment in Proposed Private Placement	$ 500,000
Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				940,272
Redeemed shares | shares								16,666
Series D Preferred Stock [Member]
Related Party Transactions (Textual)
Cash payments								$ 316,942
Armacor [Member] | Private Placement [Member]
Related Party Transactions (Textual)
Sale of stock, consideration receivable on transaction					$ 5,000,000
Cash contribution for shares					$ 255,000
Armacor [Member] | Series C Preferred Stock [Member] | Private Placement [Member]
Related Party Transactions (Textual)
Shares issued in sale (in shares) | shares					800,000
VPEG Note [Member]
Related Party Transactions (Textual)
Note principal amount		$ 250,000						896,500
Maturity date		Nov. 30, 2017
VPEG Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Common stock, shares | shares				940,272
VPEG Private Placement [Member]
Related Party Transactions (Textual)
Amotization related to interest expense								160,000
VPEG Private Placement [Member] | Securities Purchase Agreement [Member]
Related Party Transactions (Textual)
Note principal amount										$ 320,000
Stated interest rate										12.00%
Term period of promissory note							6 months
Warrants issued | shares							136,928
Warrant exercise price | $ / shares										$ 3.5074
Amotization related to interest expense								210,000
Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Navitus Energy Group [Member]
Related Party Transactions (Textual)
Amount borrowed from related party					$ 520,800
Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Navitus Energy Group [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				342,633	65,591
Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Ron Zamber [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				243,948	46,700
Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Greg Johnson [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				98,685	18,891
Insider Settlement Agreement [Member] | Affiliated Entity [Member]
Related Party Transactions (Textual)
Amount borrowed from related party					$ 35,000
Insider Settlement Agreement [Member] | Affiliated Entity [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				23,027	4,408
Insider Settlement Agreement [Member] | Affiliated Entity [Member] | Ron Zamber [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				9,869	1,889
Insider Settlement Agreement [Member] | Affiliated Entity [Member] | Rim Rubin Hill [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares				13,158	2,519
Visionary Private Equity Group I, LP [Member] | VPEG Note [Member]
Related Party Transactions (Textual)
Note principal amount		$ 621,500			$ 550,000
Warrant exercise price | $ / shares									$ 1.25
Original issue discount		56,500			50,000
Amount borrowed from related party		$ 565,000			$ 500,000
Visionary Private Equity Group I, LP [Member] | VPEG Settlement Agreement [Member]
Related Party Transactions (Textual)
Note principal amount						1,115,400
Term period of promissory note					6 months
Amount borrowed from related party					$ 873,410
Visionary Private Equity Group I, LP [Member] | VPEG Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Share price | shares					110,000
McCall Settlement Agreement [Member] | Affiliated Entity [Member] | McCall Law Firm [Member]
Related Party Transactions (Textual)
Amount borrowed from related party					$ 380,323
McCall Settlement Agreement [Member] | Affiliated Entity [Member] | McCall Law Firm [Member] | Series D Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares					20,000
Investor [Member] | Loan Agreement Amendment [Member] | Visionary Private Equity Group I, LP [Member]
Related Party Transactions (Textual)
Amount borrowed from related party	1,410,200
Investor [Member] | New Debt Agreement [Member] | Visionary Private Equity Group I, LP [Member]
Related Party Transactions (Textual)
Maximum borrowing capacity	$ 2,000,000
Debt conversion price (in dollars per share) | $ / shares	$ 0.75
Original issue debt discount	0.10
Investor [Member] | Issue of Warrants [Member] | Visionary Private Equity Group I, LP [Member]
Related Party Transactions (Textual)
Warrant exercise price | $ / shares	$ 0.75
Shares issued in sale (in shares) | shares	1,880,267
Stock price (in dollars per share) | $ / shares	$ 0.75
Number of shares called by warrants (in shares) | shares	1,880,267
Share based compensation	$ 11,281,602
Kevin DeLeon [Member]
Related Party Transactions (Textual)
Consulting Fees						$ 105,030		$ 120,000

Segment and Geographic Inform_2

Segment and Geographic Information (Details)	12 Months Ended
	Dec. 31, 2018instalment
Segment Reporting [Abstract]
Number of geographical area	1
Number of reportable segment	1

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Net loss	$ (27,309,510)	$ (20,720,286)
Denominator
Basic weighted average common shares outstanding	21,290,933	1,039,420
Net loss per common share
Basic and diluted	$ (1.28)	$ (19.93)

Net Loss Per Share (Details Tex

Net Loss Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net Loss Per Share (Textual)
Potentially dilutive shares	3,003,782	888,855

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Employee Benefit Plan [Abstract]
Contributions to the Molecular Templates	$ 7,915	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended			12 Months Ended
	Oct. 21, 2019	Jul. 10, 2019	Apr. 01, 2019	Dec. 31, 2019
Extension fee			$ 9,375
Maturity date, description			The Company elected to extend the maturity date of the Kodak Note from March 31, 2019 to June 30, 2019
Forecast [Member]
Extension and Modification Agreemen, description	Pursuant to which the maturity date of the Kodak Note was extended from September 30, 2019 to December 20, 2019, and the interest rate was increased from 15% to 17.5%. Upon the execution of the Second Extension and Modification Agreement, we paid to Kodak interest on the Loan for the fourth quarter of 2019 in the amount of $11,059.03, and an extension fee in the amount of $14,062.50. The Company agreed to: (i) pay a total of $12,500.00 to Kodak and its manager, which represents due diligence fees; (ii) pay to Kodak and its manager a total of $27,500, which represents $25,000 of loan monitoring fees and $2,500 of loan extension fees; (iii) on or before October 31, 2019, pay to Kodak the sum of $125,000, as a payment of principal, and the Company will incur a late of $5,000 for every seven (7) days (or portion thereof) that the balance remains unpaid after October 31, 2019; (iv) on or before November 29, 2019, pay to Kodak the sum of $125,000, as a payment of principal, and the Company will incur a late fees of $5,000 for every seven (7) days (or portion thereof) that the balance remains unpaid after November 29, 2019; and (v) on or before December 30, 2019, the Company will pay to Kodak any unpaid and/or outstanding balances owed on the Note. If the Note and any late fees, other fees, interest, or principal is not paid in full by December 30, 2019, the Company will pay to Kodak $25,000 as liquidated damages. As of January 10, 2020, VPEG, on behalf of the Company, has paid in full all amounts due in connection with the Kodak Note. The November 29, 2019 payment was not paid timely and therefore Victory incurred a $5,000 penalty. The December 30, 2019 payment was not paid timely and accordingly Victory incurred penalties of $45,000 and interest of $9,076.	The Company entered into an Extension and Modification Agreement with Kodak (the "Kodak Extension"), under which the terms of the Kodak Note were amended as follows: (i) the maturity date was extended to September 30, 2019, (ii) the interest rate was increased to 15% beginning July 1, 2019, with a prepayment of interest in the amount of $14,063 for the period from July through September 2019 made upon execution of the Kodak Extension, and (iii) an extension fee of $14,063 was paid to Kodak upon execution of the Kodak Extension.
Additional loan proceeds				$ 798,750