Victory Oilfield Tech (VYEY) 10-K 9 Feb 21 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Jan. 29, 2021
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, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Incorporation State Country Code	NV
Entity File Number	002-76219-NY
Entity Emerging Growth Company	false
Entity Public Float	$ 301,413
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		28,037,713
Entity Interactive Data Current	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 17,076	$ 76,746
Accounts receivables, net	510,226	399,325
Inventory	50,053	62,575
Receivable for tax overpayment	62,432
Prepaid and other current assets	115,939	107,360
Total current assets	755,726	646,006
Property, plant and equipment	721,983	721,983
Accumulated depreciation	(242,077)	(106,316)
Property, plant and equipment, net	479,906	615,667
Goodwill	145,149	145,149
Other intangible assets, net	148,079	3,027,860
Total Assets	1,528,860	4,434,682
Current Liabilities
Accounts payable	719,011	700,234
Accrued and other short term liabilities	176,593	118,130
Short term advance from shareholder	185,150
Short term notes payable, net	703,377	867,484
Short term notes payable - affiliate, net	1,978,900	1,115,400
Total current liabilities	3,763,031	2,801,248
Long term notes payable, net		436,770
Total long term liabilities		436,770
Total Liabilities	3,763,031	3,238,018
Stockholders' Equity
Preferred Series D stock, $0.001 par value, 20,000 shares authorized, 8,333 issued and outstanding at each of December 31, 2019 and 2018	8	8
Common stock, $0.001 par value, 300,000,000 shares authorized, 28,037,713 shares issued and outstanding at each of December 31, 2019 and 2018	28,038	28,038
Receivable for stock subscription	(245,000)	(245,000)
Additional paid-in capital	95,684,164	95,584,164
Accumulated deficit	(97,701,381)	(94,170,546)
Total stockholders' equity	(2,234,171)	1,196,664
Total Liabilities and Stockholders' Equity	$ 1,528,860	$ 4,434,682

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, issued	28,037,713	28,037,713
Common stock, outstanding	28,037,713	28,037,713
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	8,333
Preferred stock, shares outstanding	8,333	8,333

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Total revenue	$ 2,204,104	$ 1,034,317
Total cost of revenue	1,015,855	504,091
Gross profit	1,188,249	530,226
Operating expenses
Selling, general and administrative	1,705,704	13,087,683
Depreciation and amortization	265,318	613,708
Impairment loss	2,616,705	14,165,833
Total operating expenses	4,587,727	27,867,224
Loss from operations	(3,399,478)	(27,336,998)
Other income/(expense)
Other income		11,198
Interest expense	(197,851)	(246,035)
Total other income/(expense)	(197,851)	(234,837)
Loss from continuing operations before tax benefit	(3,597,329)	(27,571,835)
Tax benefit		93,531
Loss from continuing operations	(3,597,329)	(27,478,304)
Income from discontinued operations	66,494	168,794
Loss applicable to common stockholders	$ (3,530,835)	$ (27,309,510)
Basic and diluted:
Loss per share from continuing operations	$ (0.13)	$ (1.29)
Income (loss) per share from discontinued operations	0	0.01
Loss per share, basic and diluted	$ (0.13)	$ (1.28)
Weighted average shares, basic and diluted	28,037,713	21,290,933

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (3,530,835)	$ (27,309,510)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	135,304	41,060
Amortization of intangible assets	260,547	611,355
Provision for deferred taxes		(88,820)
Impairment of intangible assets	2,616,705	14,165,833
Warrants issued with note payable		37,109
Depreciation expense	135,761	63,183
Share-based compensation	100,000	11,413,072
Changes in operating assets and liabilities:
Accounts receivable	(110,901)	(135,247)
Receivable for tax overpayment	(62,432)
Inventory	12,522	(8,211)
Prepaid and other current assets	(6,050)	16,541
Accounts payable	18,777	53,806
Accrued and other short term liabilities	58,463	(261,859)
Net cash used in operating activities	(372,139)	(1,401,688)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of Pro-Tech, net of cash acquired		(563,633)
Net cash provided by (used in) investing activities		(563,633)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable		747,664
Proceeds from notes payable - affiliate	785,000	1,729,100
Payments on notes payable	(657,681)	(98,696)
Payments on notes payable - affiliate		(100,000)
Contributions - affiliate		(70,384)
Short term advance from shareholder	185,150
Redemption of preferred stock		(190,000)
Net cash provided by financing activities	312,469	2,017,684
Net change in cash and cash equivalents	(59,670)	52,363
Beginning cash and cash equivalents	76,746	24,383
Ending cash and cash equivalents	17,076	76,746
Cash paid for:
Interest	197,851	22,625
Non-cash investing and financing activities:
Note payable to seller		614,223
Equity conversion of note payable		1,410,200
Intangible assets acquired		$ 172,519

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity - USD ($)	Common Stock $0.001 Par Value	Receivable for Stock Subscription	Additional Paid In Capital	Accumulated Deficit	Preferred B $0.001 Par Value	Preferred C $0.001 Par Value	Preferred D $0.001 Par Value	Total
Beginning balance at Dec. 31, 2017	$ 5,206	$ (4,800,000)	$ 87,552,737	$ (66,861,036)	$ 800	$ 180	$ 18	$ 15,897,905
Beginning balance, shares 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		8,261					8,272
ProTech acquisition, shares	11,000
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
Stock subscription receivable receipt		55,000						55,000
Stock subscription receivable write-off		4,745,000	(4,745,000)
Loss attributable to common stockholders				(27,309,510)				(27,309,510)
Ending balance at Dec. 31, 2018	$ 28,038	(245,000)	95,584,164	(94,170,546)			$ 8	1,196,664
Ending balance, shares at Dec. 31, 2018	28,037,713						8,333
Share based compensation			100,000					100,000
Loss attributable to common stockholders				(3,530,835)				(3,530,835)
Ending balance at Dec. 31, 2019	$ 28,038	$ (245,000)	$ 95,684,164	$ (97,701,381)			$ 8	$ (2,234,171)
Ending balance, shares at Dec. 31, 2019	28,037,713						8,333

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
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 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 $(97,701,381) through December 31, 2019 and has a working capital deficit of $(3,007,305) at December 31, 2019. 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 our 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 (see Note 13, Related Party Transactions In addition to increasing cash flow 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 which we believe will enable us to execute our recapitalization and growth plan. This plan includes the expansion of Pro-Tech's core hardbanding business through additional drilling services and the development of additional products and services including wholesale materials, RFID enclosures and mid-pipe coating solutions. Based upon anticipated new sources of capital, 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. While management believes our plans help mitigate the substantial doubt that we are a going concern, there is no guarantee that our plans will be successful or if they are, will fully alleviate the conditions that raise substantial doubt that we are a going concern. Capital Resources During 2019 the Company received loan proceeds of $785,000 from VPEG and advances of $185,150 from Ron Zamber, who is a Director and shareholder. As of the date of this report and for the foreseeable future, we expect to cover operating shortfalls with funding through the New VPEG Note while we enact our strategy to become a technology-focused oilfield services company and seek additional sources of capital. As of the date of this report the remaining amount available to the Company for additional borrowings on the New VPEG Note was approximately $377,324. In addition, during 2019, the Company extended the maturity date of the Kodak Note (defined below in Note 8, Notes Payable Subsequent Events, During 2018 and 2017, the Company 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. See Note 13 Related Party Transactions/ 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, purchase price allocation on business combinations, various common stock, warrants and option transactions, evaluation of intangible assets, 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, 2019 and December 31, 2018. Fair Value At December 31, 2019 and 2018, the carrying value of our financial instruments such as accounts receivable and payables approximated their fair values based on the short-term nature of these instruments. The carrying value of short term notes and advances 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, 2019 and 2018, the Company recognized revenue of $2,204,104 and $1,034,317, respectively from contracts with oilfield operators.. 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, 2019 and 2018. 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, 2019, three customers comprised 66% of the Company's gross accounts receivables. As of December 31, 2019, two customers comprised 35% of the Company's revenues. 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, 2019 and 2018. 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. A goodwill impairment loss is recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. We have determined that the Company is comprised of one reporting unit at December 31, 2019 and 2018, and the goodwill balances of $145,149 at December of each year are included in the single reporting unit. To date, an impairment of goodwill has not been recorded. For the year ended December 31, 2020, we bypassed the qualitative assessment, and proceeded directly to the quantitative test for goodwill impairment. 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 Armacor Victory Ventures, LLC (the "AVV Sublicense") and a license (the "Trademark License") to the trademark of a proprietary coating technology. The contract-based intangible assets have useful lives of approximately 11 years for the AVV Sublicense and 15 years for the Trademark License. The Company began 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. However, during the twelve months ended December 31, 2019, the Company determined that the AVV Sublicense and the Trademark License were unlikely to produce future cash flows and, accordingly, those intangible assets were written down to zero. 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 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, 2019 and 2018, respectively. The weighted average number of common shares outstanding was 28,037,713 at each of December 31, 2019 and 2018. Diluted earnings per share reflect the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Given the exercise prices of these instruments outstanding, 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, 2019 2018 Common Stock Shares Outstanding 28,037,713 28,037,713 Common Stock Equivalents Outstanding Warrants 2,783,626 2,713,103 Stock Options 211,186 221,713 Unconverted Preferred A Shares 68,966 68,966 Total Common Stock Equivalents Outstanding 3,063,778 3,003,782

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements Recently Issued Accounting Standards In December 2019, the FASB issued Accounting Standards Update ("ASU") 2019-12, "Simplifying the Accounting for Income Taxes" as part of its initiative to reduce complexity in accounting standards. The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The new standard is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of ASU 2019-12 on our financial statements. Recently Adopted Accounting Standards On October 1, 2019, we adopted ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" , On January 1, 2019, we adopted ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting On January 1, 2019, we adopted ASU 2016-02, Leases (Topic 842) The new standard provides a number of optional practical expedients in transition. We elected the package of practical expedients, which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The new standard also provides practical expedients for an entity's ongoing accounting. We elected the short term lease recognition exemption and we will not recognize ROU assets or lease liabilities for qualifying leases (leases with a term of less than 12 months from lease commencement). We also elected the accounting policy election to not separate lease and non-lease components for all asset classes. The Company has determined that adoption of this standard does not have a material impact on its consolidated financial statements because it does not currently have any arrangements that must be accounted for as leases. 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, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued operations	Note 3 – Discontinued Operations On August 21, 2017, the Company entered into a divestiture agreement with Navitus Energy Group ("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 Energy Partners ("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 4,382,896 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 4,382,896 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: Years Ended December 31, 2019 2018 Income from discontinued operations before tax benefit $ 66,494 $ 168,794 Tax benefit - - Net income from discontinued operations 66,494 168,794 Loss on disposal of discontinued operations, net of tax - - Income from discontinued operations, net of tax $ 66,494 $ 168,794

Pro-Tech Acquisition

Pro-Tech Acquisition	12 Months Ended
	Dec. 31, 2019
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 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. Year Ended December 31, 2018 Pro forma revenue $ 2,224,031 Pro forma net loss $ (27,374,775 ) Pro forma net loss per share (basic and diluted) $ (1.29 ) 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 as of the beginning of 2018.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2019
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: December 31, 2019 2018 Trucks $ 350,299 $ 350,299 Welding equipment 285,991 285,991 Office equipment 23,408 23,408 Machinery and equipment 18,663 18,663 Furniture and office equipment 12,767 12,767 Computer hardware 8,663 8,663 Computer software 22,191 22,191 Total property, plant and equipment, at cost 721,983 721,983 Less -- accumulated depreciation (242,077 ) (106,316 ) Property, plant and equipment, net $ 479,906 $ 615,667 Depreciation expense for the twelve months ended December 31, 2019 and 2018 was $135,761 and $63,183, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 6 – Goodwill and Other Intangible Assets The Company recorded $260,547 and $611,355 of amortization of intangible assets for the twelve months ended December 31, 2019 and 2018, respectively. For the twelve months ended December 31, 2019, the Company recorded impairments to the AVV Sublicense, the Trademark License and the Non-Compete Agreements of $2,214,167, $1,182,500 and $67,500, respectively, which, net of accumulated amortization of $847,462 represented 100% of the remaining value of each of these assets, for a total impairment loss of $2,616,705. The assets were written down to zero based upon the determination by the Company that the possibility of generating any future net cash flows from these assets was remote. This loss was recorded to Impairment Loss on the Company's consolidated statements of operations. 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 would 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, other than goodwill, and related accumulated amortization as of December 31, 2019 and 2018. December 31, 2019 December 31, 2018 AVV sublicense $ - $ 11,330,000 Trademark license - 6,030,000 Non-compete agreements - 270,000 Pro-Tech customer relationships 129,680 129,680 Pro-Tech trademark 42,840 42,840 Accumulated amortization & impairment (24,441 ) (14,774,659 ) Other intangible assets, net $ 148,079 $ 3,027,860 See Note 17, Subsequent Events

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018, 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, 2019 and 2018, the Company incurred a net operating loss carry forward of $425,000 and $1,118,000, respectively. Combined with the Section 382 limitation, the Company has net operating losses available of approximately $10,796,000 as of December 31, 2019. 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, 2019 and 2018, 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, 2019. Significant components of the Company's deferred income tax assets are as follows: 2019 2018 Net operating loss carryforwards $ 2,268,000 $ 2,179,000 Depreciation and accretion (102,000 ) 2,920,000 Equity based expenses 213,000 192,000 Other - (2,000 ) Deferred taxes 2,379,000 5,289,000 Valuation allowance (2,379,000 ) (5,289,000 ) Net deferred income tax assets $ - $ - Reconciliation of the effective income tax rate to the U.S. statutory rate is as follows: 2019 2018 Federal taxes at statutory rate 21.0 % 21.0 % Noncompulsary stock warrants 0.0 % -8.5 % State tax & other permanent items -0.3 % 0.0 % Rate reduction due to the TCJA 0.0 % -0.1 % Intangible impairment -17.0 % 0.0 % Change in valuation allowance -4.2 % -12.0 % Effective income tax rate -0.5 % 0.4 % 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, 2019 and 2018 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 2016 and 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, 2019
Debt Disclosure [Abstract]
Notes Payable	Note 8 – Notes Payable Notes payable were comprised of the following at December 31: 2019 2018 Rogers Note $ 215,895 $ 398,576 Kodak Note 250,000 375,000 Matheson Note 262,500 612,500 New VPEG Note 1,978,900 1,115,400 Total notes payable 2,707,295 2,501,476 Less unamortized discount and issuance costs (25,018 ) (81,823 ) Total notes payable, net $ 2,682,277 $ 2,419,653 Current portion of notes payable 2,682,277 1,982,884 Long term notes payable, net $ - $ 436,770 Amortization of discount and issuance costs during the years ended December 31, 2019 and 2018 was $135,304 and $41,063, respectively. Future payments on notes payable at December 31, 2019 were: 2020 $ 2,682,277 2021 - Total $ 2,682,277 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 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, which was treated as a troubled debt restructuring. The New Rogers Settlement Agreement is being repaid through 24 equal monthly installments of approximately $16,607 per month beginning January 2019 and ending December 2021. 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. The Company recorded interest expense of $0.00 and $35,492 related to the Rogers Settlement Agreement for the twelve months ended December 31, 2019 and 2018, 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"). 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 $13,916 and $23,193 related to the Kodak Note for the twelve months ended December 31, 2019 and 2018, respectively. 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, and an extension fee in the amount of $14,063. 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. See Note 17, Subsequent Events, Matheson Note In connection with the Purchase Agreement (see Note 4, Pro-Tech Acquisition The Company recorded interest expense of $42,888 and $17,870 related to the Matheson Note for the twelve months ended December 31, 2019 and 2018, respectively. New VPEG Note See Note 13, Related Party Transactions

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders’ Equity	Note 9 – Stockholders' Equity Preferred Stock Series D Preferred Stock The terms of the Series D Preferred Stock are governed by a certificate of designation (the "Series D Certificate of Designation") filed by the Company with the Nevada Secretary of State on August 21, 2017. Pursuant to the Series D Certificate of Designation, the Company designated 20,000 shares of its preferred stock as Series D Preferred Stock. Dividends Liquidation Voting Rights Redemption Conversion Other Rights Series C 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. Series B Preferred Stock 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 The Company did not issue any shares of its common stock during the year ended December 31, 2019. 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, 2019
Equity [Abstract]
Warrants for Stock	Note 10 – Warrants for Stock At December 31, 2019 and 2018 warrants outstanding for common stock of the Company were as follows: Number of Shares Underlying Warrants Weighted Average Exercise Price Balance January 1, 2018 527,367 $ 5.53 Granted 2,255,267 $ 0.75 Exercised - $ - Canceled (69,531 ) $ 10.90 Balance December 31, 2018 2,713,103 $ 1.42 Granted 100,000 $ 0.80 Exercised - - Canceled (29,477 ) $ 11.28 Balance December 31, 2019 2,783,626 $ 1.29 During the year ended December 31, 2019, the Company granted a warrant to purchase 100,000 shares of its common stock at $0.80 per share, to Kevin DeLeon, in connection with an employment offer letter dated October 18, 2019 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, 2018, the Company granted 1,880,267 warrants to VPEG in connection with the Settlement Agreement. See Note 13, Related Party Transactions 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, 2019: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $13.30 117,869 $ 8.33 0.71 117,869 $ 8.33 $0.75 – $3.51 2,665,757 $ 0.98 3.18 2,665,757 $ 3.18 2,783,626 2,783,626 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 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: 2019 2018 Risk free interest rates 1.62% 2.67% – 2.83% Expected life 3 years 5 years Estimated volatility 1.0% 1.0% 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, 2019 and 2018 the aggregate intrinsic value of the warrants outstanding and exercisable was $0 and $0, 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, 2019
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 years ended December 31, 2019 and 2018. All options issued were non-qualified stock options. Number of Weighted Aggregate Number of Weighted Outstanding at January 1, 2018 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 Granted at Fair Value — — — — — Exercised — — — — — Canceled — — — — — Outstanding at December 31, 2019 211,186 $ 2.15 $ — 167,326 $ 2.31 (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, 2019, 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, 2019 and 2018 was $100,000 and $133,350, 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 options granted are estimated using the Black-Scholes Option Pricing Model. No options were granted in 2019 or 2018. The following table summarizes information about stock options outstanding at December 31, 2019: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52 - $13.30 211,186 7.48 $ 2.15 $ — 167,326 $ 2.31 $ — The following table summarizes information about 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 $ 215 $ — 101,537 $ 2.83 $ — A summary of the Company's non-vested stock options at December 31, 2019 and December 31, 2018 and changes during the years are presented below. Non-Vested Stock Options Options Weighted Non-Vested at December 31, 2018 109,649 $ 1.52 Granted — $ — Vested 65,789 $ — Forfeited — $ — Non-Vested at December 31, 2019 43,860 $ 1.52

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12 – Commitments and Contingencies Rent expense for the years ended December 31, 2019 and 2018 was $27,212 and $30,000, respectively. 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 notice of 90 days. As such there are no future annual minimum payments as of December 31, 2019 and 2018, respectively. 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, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions 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 was in the amount of $500,000. The VPEG Note did not bear any interest in addition to the original issue discount, matured on September 1, 2017, and was 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. 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. 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 and $1,978,900 as of December 31, 2019. On October 30, 2020, the Company and VPEG amended the New Debt Agreement. See Note 8, Notes Payable Subsequent Events 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. Navitus Energy Corp 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 Energy Group ("Navius"), 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. In connection with the Transaction Agreement, on August 21, 2017 the Company entered into (i) an exclusive sublicense agreement with AVV, or the AVV Sublicense, pursuant to which AVV granted the License to the Company, and (ii) a trademark license agreement, or the Trademark License, with Liquidmetal Coatings Enterprises, LLC ("LMCE"), an affiliate of AVV, pursuant to which LMCE granted a license for the Liquidmetal® Coatings Products and Armacor® trademarks and service marks to the Company in accordance with a mutually agreeable supply agreement. See Note 17, Subsequent Events McCall Settlement Agreement 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, 2019 and 2018, the Company paid $76,500 and $105,030, respectively, in consulting fees to Kevin DeLeon, a director of the Company and, effective April 23, 2019, its Interim Chief Executive Officer.

Segment and Geographic Informat

Segment and Geographic Information and Revenue Disaggregation	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment and Geographic Information and Revenue Disaggregation	Note 14 – Segment and Geographic Information and Revenue Disaggregation 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 segment revenue or asset information to present. To provide users of the financial statements information depicting how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors, we have disaggregated revenue by customer, with customers representing more than five percent of total annual revenues comprising the first category, and those representing less than five percent of total annual revenues comprising the second category. Year Ended December 31, Category 2019 2018 >5% $ 1,310,206 $ 648,659 <5% 893,898 385,658 $ 2,204,104 $ 1,034,317

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018, 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: Years Ended December 31, 2019 2018 Numerator: Net loss $ (3,530,835 ) $ (27,309,510 ) Denominator Basic weighted average common shares outstanding 28,037,713 21,290,933 Effect of dilutive securities - - Diluted weighted average common shares outstanding 28,037,713 21,290,933 Net loss per common share Basic and diluted $ (0.13 ) $ (1.28 ) For the years ended December 31, 2019 and 2018, potentially dilutive shares of 3,103,782 and 3,003,782, 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, 2019
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 $15,402 and $7,915 for the years ended December 31, 2019 and 2018, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 17 – Subsequent Events During the period of January 1, 2020 through January 29, 2021 the Company received additional loan proceeds of $1,143,776 from VPEG pursuant to the New VPEG Note. 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 the Company incurred a $5,000 penalty. The December 30, 2019 payment was not paid timely and accordingly the Company incurred penalties of $45,000 and interest of $9,076. Effective September 1, 2020, the Company and AVV have mutually agreed to terminate the AVV Sublicense Agreement and Trademark License. Since the date of the Transaction Agreement, the Company has not realized any revenue from products or services related to the AVV Sublicense Agreement or Trademark License. Also effective September 1, 2020, the Company and LMCE have agreed to terminate the supply and services agreement dated September 6, 2019 although the Company continues to purchase and utilize the products of LMCE. The Company is evaluating its business strategy in light of the current conditions of the national and global oil and gas markets. On October 30, 2020, the Company and VPEG entered into an amendment to the New Debt Agreement, pursuant to which the parties agreed to increase the loan amount to up to $3,000,000 to cover advances from VPEG through October 30, 2020 and the Company's working capital needs. On February 8, 2021 the Company and VPEG entered into an amendment to the New Debt Agreement, pursuant to which the parties agreed to increase the loan amount to up to $3,500,000 to cover future working capital needs.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
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, 2019 and December 31, 2018.
Fair Value	Fair Value At December 31, 2019 and 2018, the carrying value of our financial instruments such as accounts receivable and payables approximated their fair values based on the short-term nature of these instruments. The carrying value of short term notes and advances 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, 2019 and 2018, the Company recognized revenue of $2,204,104 and $1,034,317, respectively from contracts with oilfield operators.. 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, 2019 and 2018. 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, 2019, three customers comprised 66% of the Company's gross accounts receivables. As of December 31, 2019, two customers comprised 35% of the Company's revenues.
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, 2019 and 2018.
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. A goodwill impairment loss is recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. We have determined that the Company is comprised of one reporting unit at December 31, 2019 and 2018, and the goodwill balances of $145,149 at December of each year are included in the single reporting unit. To date, an impairment of goodwill has not been recorded. For the year ended December 31, 2020, we bypassed the qualitative assessment, and proceeded directly to the quantitative test for goodwill impairment. 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 Armacor Victory Ventures, LLC (the "AVV Sublicense") and a license (the "Trademark License") to the trademark of a proprietary coating technology. The contract-based intangible assets have useful lives of approximately 11 years for the AVV Sublicense and 15 years for the Trademark License. The Company began 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. However, during the twelve months ended December 31, 2019, the Company determined that the AVV Sublicense and the Trademark License were unlikely to produce future cash flows and, accordingly, those intangible assets were written down to zero. 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 ASC 740, Income Taxes,
Earnings per Share	Earnings per Share Basic earnings per share are computed using the weighted average number of common shares outstanding at December 31, 2019 and 2018, respectively. The weighted average number of common shares outstanding was 28,037,713 at each of December 31, 2019 and 2018. Diluted earnings per share reflect the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Given the exercise prices of these instruments outstanding, 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, 2019 2018 Common Stock Shares Outstanding 28,037,713 28,037,713 Common Stock Equivalents Outstanding Warrants 2,783,626 2,713,103 Stock Options 211,186 221,713 Unconverted Preferred A Shares 68,966 68,966 Total Common Stock Equivalents Outstanding 3,063,778 3,003,782

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of estimated useful lives of the related assets	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, 2019 2018 Common Stock Shares Outstanding 28,037,713 28,037,713 Common Stock Equivalents Outstanding Warrants 2,783,626 2,713,103 Stock Options 211,186 221,713 Unconverted Preferred A Shares 68,966 68,966 Total Common Stock Equivalents Outstanding 3,063,778 3,003,782

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of disposal groups, including discontinued operations	Years Ended December 31, 2019 2018 Income from discontinued operations before tax benefit $ 66,494 $ 168,794 Tax benefit - - Net income from discontinued operations 66,494 168,794 Loss on disposal of discontinued operations, net of tax - - Income from discontinued operations, net of tax $ 66,494 $ 168,794

Pro-Tech Acquisition (Tables)

Pro-Tech Acquisition (Tables)	12 Months Ended
	Dec. 31, 2019
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
Schedule 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	Year Ended December 31, 2018 Pro forma revenue $ 2,224,031 Pro forma net loss $ (27,374,775 ) Pro forma net loss per share (basic and diluted) $ (1.29 )

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	December 31, 2019 2018 Trucks $ 350,299 $ 350,299 Welding equipment 285,991 285,991 Office equipment 23,408 23,408 Machinery and equipment 18,663 18,663 Furniture and office equipment 12,767 12,767 Computer hardware 8,663 8,663 Computer software 22,191 22,191 Total property, plant and equipment, at cost 721,983 721,983 Less -- accumulated depreciation (242,077 ) (106,316 ) Property, plant and equipment, net $ 479,906 $ 615,667

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets and related accumulated amortization	December 31, 2019 December 31, 2018 AVV sublicense $ - $ 11,330,000 Trademark license - 6,030,000 Non-compete agreements - 270,000 Pro-Tech customer relationships 129,680 129,680 Pro-Tech trademark 42,840 42,840 Accumulated amortization & impairment (24,441 ) (14,774,659 ) Other intangible assets, net $ 148,079 $ 3,027,860

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of deferred income tax assets	2019 2018 Net operating loss carryforwards $ 2,268,000 $ 2,179,000 Depreciation and accretion (102,000 ) 2,920,000 Equity based expenses 213,000 192,000 Other - (2,000 ) Deferred taxes 2,379,000 5,289,000 Valuation allowance (2,379,000 ) (5,289,000 ) Net deferred income tax assets $ - $ -
Schedule of effective income tax rate	2019 2018 Federal taxes at statutory rate 21.0 % 21.0 % Noncompulsary stock warrants 0.0 % -8.5 % State tax & other permanent items -0.3 % 0.0 % Rate reduction due to the TCJA 0.0 % -0.1 % Intangible impairment -17.0 % 0.0 % Change in valuation allowance -4.2 % -12.0 % Effective income tax rate -0.5 % 0.4 %

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of notes payable	2019 2018 Rogers Note $ 215,895 $ 398,576 Kodak Note 250,000 375,000 Matheson Note 262,500 612,500 New VPEG Note 1,978,900 1,115,400 Total notes payable 2,707,295 2,501,476 Less unamortized discount and issuance costs (25,018 ) (81,823 ) Total notes payable, net $ 2,682,277 $ 2,419,653 Current portion of notes payable 2,682,277 1,982,884 Long term notes payable, net $ - $ 436,770
Schedule of future payments on notes payable	2020 $ 2,682,277 2021 - Total $ 2,682,277

Warrants for Stock (Tables)

Warrants for Stock (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of warrants outstanding for common stock	Number of Shares Underlying Warrants Weighted Average Exercise Price Balance January 1, 2018 527,367 $ 5.53 Granted 2,255,267 $ 0.75 Exercised - $ - Canceled (69,531 ) $ 10.90 Balance December 31, 2018 2,713,103 $ 1.42 Granted 100,000 $ 0.80 Exercised - - Canceled (29,477 ) $ 11.28 Balance December 31, 2019 2,783,626 $ 1.29
Schedule of outstanding warrants for common stock outstanding and exercisable	The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2019: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $13.30 117,869 $ 8.33 0.71 117,869 $ 8.33 $0.75 – $3.51 2,665,757 $ 0.98 3.18 2,665,757 $ 3.18 2,783,626 2,783,626 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
Schedule of fair value of warrants	2019 2018 Risk free interest rates 1.62% 2.67% – 2.83% Expected life 3 years 5 years Estimated volatility 1.0% 1.0% Dividend yield 0% 0%

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of stock option activity	Number of Weighted Aggregate Number of Weighted Outstanding at January 1, 2018 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 Granted at Fair Value — — — — — Exercised — — — — — Canceled — — — — — Outstanding at December 31, 2019 211,186 $ 2.15 $ — 167,326 $ 2.31 (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.
Schedule of information about stock options	The following table summarizes information about stock options outstanding at December 31, 2019: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52 - $13.30 211,186 7.48 $ 2.15 $ — 167,326 $ 2.31 $ — The following table summarizes information about 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 $ 215 $ — 101,537 $ 2.83 $ —
Schedule of non-vested stock options	Non-Vested Stock Options Options Weighted Non-Vested at December 31, 2018 109,649 $ 1.52 Granted — $ — Vested 65,789 $ — Forfeited — $ — Non-Vested at December 31, 2019 43,860 $ 1.52

Segment and Geographic Inform_2

Segment and Geographic Information and Revenue Disaggregation (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of financial statements information	Note 14 – Segment and Geographic Information and Revenue Disaggregation 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 segment revenue or asset information to present. To provide users of the financial statements information depicting how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors, we have disaggregated revenue by customer, with customers representing more than five percent of total annual revenues comprising the first category, and those representing less than five percent of total annual revenues comprising the second category. Year Ended December 31, Category 2019 2018 >5% $ 1,310,206 $ 648,659 <5% 893,898 385,658 $ 2,204,104 $ 1,034,317

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of computation of net loss per common share - basic and diluted	Years Ended December 31, 2019 2018 Numerator: Net loss $ (3,530,835 ) $ (27,309,510 ) Denominator Basic weighted average common shares outstanding 28,037,713 21,290,933 Effect of dilutive securities - - Diluted weighted average common shares outstanding 28,037,713 21,290,933 Net loss per common share Basic and diluted $ (0.13 ) $ (1.28 )

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2019
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, 2019	Dec. 31, 2018
Total common stock equivalents outstanding	3,063,778	3,003,782
Unconverted Preferred A Shares [Member]
Outstanding common stock shares and common stock equivalents	68,966	68,966
Stock Options [Member]
Outstanding common stock shares and common stock equivalents	211,186	221,713
Common Stock Shares Outstanding [Member]
Outstanding common stock shares and common stock equivalents	28,037,713	28,037,713
Warrants [Member]
Outstanding common stock shares and common stock equivalents	2,783,626	2,713,103

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, 2019	Dec. 31, 2018
Summary of Significant Accounting Policies (Textual)
Useful life of contract-based intangible assets	10 years
Accumulated deficit		$ (97,701,381)	$ (94,170,546)
Working capital deficit		(3,007,305)
Recognized revenue from contract		$ 2,204,104	$ 1,034,317
Weighted average shares, basic and diluted		28,037,713	28,037,713
Capital resources, description		The Company received loan proceeds of $785,000 from VPEG and advances of $185,150 from Ron Zamber, who is a Director and shareholder. As of the date of this report and for the foreseeable future, we expect to cover operating shortfalls with funding through the New VPEG Note while we enact our strategy to become a technology-focused oilfield services company and seek additional sources of capital. As of the date of this report the remaining amount available to the Company for additional borrowings on the New VPEG Note was approximately $377,324.
Including goodwill		$ 145,149	$ 145,149
Two Customer [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables		35.00%
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] | Three Customer [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of Company's gross accounts receivables		66.00%

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 66,494	$ 168,794
Discontinued operations [Member] | Aurora Energy Partners [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before tax benefit	66,494	168,794
Tax benefit
Net income from discontinued operations	66,494	168,794
Loss on disposal of discontinued operations, net of tax
Income from discontinued operations, net of tax	$ 66,494	$ 168,794

Discontinued Operations (Deta_2

Discontinued Operations (Details Textual) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Aug. 21, 2017
Discontinued Operations (Textual)
Common stock, issued (in shares)	28,037,713	28,037,713
Warrant exercise price (in dollars per share)	$ 1.52
Divestiture Agreement, description	The issuance of 4,382,896 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 4,382,896 shares of common stock to Navitus on December 14, 2017.
Navitus [Member]
Discontinued Operations (Textual)
Noncontrolling ownership percentage of subsidiary			50.00%
Warrant exercise price (in dollars per share)	$ 1.52
Navitus [Member] | Aurora Energy Partners [Member]
Discontinued Operations (Textual)
Noncontrolling ownership percentage of subsidiary			50.00%
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)	12 Months Ended
	Dec. 31, 2018USD ($)$ / shares
Business Combinations [Abstract]
Pro forma revenue	$ 2,224,031
Pro forma net loss	$ (27,374,775)
Pro forma net loss per share (basic and diluted) | $ / shares	$ (1.29)

Pro-Tech Acquisition (Details T

Pro-Tech Acquisition (Details Textual)	1 Months Ended
	Jul. 31, 2018USD ($)$ / sharesshares
Pro-Tech Acquisition (Textual)
Percentage of voting interest acquired	100.00%
Purchase consideration	$ 1,386,000
Cash at closing	500,000
Escrow deposit	$ 150,000
Number of shares issued in consideration | shares	11,000
Share price | $ / shares	$ 0.75
Zero-coupon note payable	$ 614,223
Cash	$ 264,078

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 721,983	$ 721,983
Less -- accumulated depreciation	(242,077)	(106,316)
Property, plant and equipment, net	479,906	615,667
Trucks [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	350,299	350,299
Welding equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	285,991	285,991
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	23,408	23,408
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	18,663	18,663
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	12,767	12,767
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, 2019	Dec. 31, 2018
Property, Plant and Equipment (Textual)
Depreciation expense	$ 135,761	$ 63,183

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Intangible assets and related accumulated amortization
AVV sublicense		$ 11,330,000
Trademark license		6,030,000
Non-compete agreements		270,000
Pro-Tech customer relationships	129,680	129,680
Pro-Tech trademark	42,840	42,840
Accumulated amortization & impairment	(24,441)	(14,774,659)
Other intangible assets, net	$ 148,079	$ 3,027,860

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amortization of intangible assets	$ 260,547	$ 611,355
Accumulated amortization	$ 847,462
Accumulated amortization remaing value percentage	100.00%
Total impairment loss	$ 2,616,705	14,165,833
AVV Sublicense [Member]
Accumulated amortization	2,214,167
Total impairment loss		9,115,833
Trademark License [Member]
Accumulated amortization	1,182,500
Total impairment loss		4,847,500
Non-Compete Agreements [Member]
Accumulated amortization	$ 67,500
Total impairment loss		$ 202,500

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 2,268,000	$ 2,179,000
Depreciation and accretion	(102,000)	2,920,000
Equity based expenses	213,000	192,000
Other		(2,000)
Deferred taxes	2,379,000	5,289,000
Valuation allowance	(2,379,000)	(5,289,000)
Net deferred income tax assets

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal taxes at statutory rate	21.00%	21.00%
Noncompulsary stock warrants	0.00%	(8.50%)
State tax & other permanent items	(0.30%)	0.00%
Rate reduction due to the TCJA	0.00%	(0.10%)
Intangible impairment	(17.00%)	0.00%
Change in valuation allowance	(4.20%)	(12.00%)
Effective income tax rate	(0.50%)	0.40%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes (Textual)
Provision tax benefit		$ (93,531)
Operating loss carryforwards	$ 8,163,281
Limitation on operating loss carryforwards, period	20 years
Operating loss carryforwards incurred	$ 425,000	$ 1,118,000
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	$ 10,796,000
Expire date	Dec. 31, 2028
Maximum [Member]
Income Taxes (Textual)
Corporate income tax rate	21.00%
Minimum [Member]
Income Taxes (Textual)
Corporate income tax rate	34.00%

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Total notes payable	$ 2,707,295	$ 2,501,476
Less unamortized discount and issuance costs	(25,018)	(81,823)
Total notes payable, net	2,682,277	2,419,653
Current portion of notes payable	2,682,277	1,982,884
Long term notes payable, net		436,770
Rogers Note [Member]
Total notes payable	215,895	398,576
Kodak Note [Member]
Total notes payable	250,000	375,000
Matheson Note [Member]
Total notes payable	262,500	612,500
New VPEG Note [Member]
Total notes payable	$ 1,978,900	$ 1,115,400

Notes Payable (Details 1)

Notes Payable (Details 1)	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 2,682,277
2021
Total	$ 2,682,277

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	Oct. 01, 2019	Apr. 01, 2019	Oct. 17, 2018	Jul. 31, 2018	Feb. 28, 2015	Dec. 31, 2019	Dec. 31, 2018	Jul. 15, 2015
Notes Payable (Textual)
Amortization of discount and issuance costs						$ 135,304	$ 41,063
Warrant exercise price (in dollars per share)						$ 1.52
Notes payable						$ 2,682,277	2,419,653
Short term notes payable						703,377	867,484
Long term notes payable							436,770
Kodak Note [Member]
Notes Payable (Textual)
Stated interest rate				10.00%
Principal amount				$ 375,000
Number of shares called by warrants (in shares)				375,000
Warrant exercise price (in dollars per share)				$ 0.75
Amortized of interest expense				$ 37,000		13,916	23,193
Matheson Note [Member]
Notes Payable (Textual)
Interest expense						$ 42,888	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”), all of which were paid as of July 31, 2020. 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. The discount is being amortized into interest expense on a method consistent with the interest method.
New VPEG Note [Member]
Notes Payable (Textual)
Amortization of discount and issuance costs						$ 78,500
Interest expense						78,500	101,400
Outstanding balance amount						$ 1,978,900	1,115,400
Louise H. Rogers [Member]
Notes Payable (Textual)
Principal amount			$ 375,000
Collaboration agreement, settlement agreement, total settlement payments due								$ 258,125
Accrued interest, percentage			5.00%
Gain on other income			$ 11,198
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] | Lucas Energy Inc [Member]
Notes Payable (Textual)
Stated interest rate					18.00%
Notes payable					$ 250,000
Interest on the amount due					$ 129
Rogers Settlement Agreement [Member]
Notes Payable (Textual)
Interest expense						$ 0	$ 35,492
Other income per share							$ 0
Settlement agreement, description						The New Rogers Settlement Agreement is being repaid through 24 equal monthly installments of approximately $16,607 per month beginning January 2019 and ending December 2021. 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.
Rogers Settlement Agreement [Member] | Louise H. Rogers [Member]
Notes Payable (Textual)
Accrued interest							$ 398,576
Short term notes payable							199,288
Long term notes payable							$ 199,288
Loan Agreement [Member] | Kodak Note [Member]
Notes Payable (Textual)
Loan agreement, description		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.
Loan Agreement [Member] | Kodak and Pro-Tech [Member]
Notes Payable (Textual)
Loan agreement, description	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, and an extension fee in the amount of $14,063. 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.

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - $ / shares	1 Months Ended
	Jul. 31, 2018	Jan. 24, 2018	Dec. 31, 2019	Dec. 31, 2018	Aug. 21, 2017
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001
Conversion price			$ 0.04
Series C Preferred Stock [Member]
Preferred stock, shares authorized					810,000
Preferred stock, shares issued					180,000
Debt converted to shares (in shares)		940,272
Series B Preferred Stock [Member]
Preferred stock, shares authorized					800,000
Preferred stock, shares issued					800,000
Series D Preferred Stock [Member]
Preferred stock, shares authorized			20,000	20,000	20,000
Preferred stock, shares issued			8,333	8,333
Preferred stock, value					$ 19.01615
Redeemed shares				1,667
Stewart Matheson [Member] | Pro-Tech Hardbanding Services Inc [Member]
Stock awards grants during period (in shares)	11,000
Common stock, par value (in dollars per share)	$ 0.001

Warrants for Stock (Details)

Warrants for Stock (Details) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Balance, shares	2,713,103	527,367
Granted	100,000	2,255,267
Exercised
Canceled	(29,477)	69,531
Balance, shares	2,783,626	2,713,103
Balance	$ 1.42	$ 5.53
Granted	0.80	0.75
Exercised
Canceled	11.28	10.90
Balance	$ 1.29	$ 1.42

Warrants for Stock (Details 1)

Warrants for Stock (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares Underlying Warrants	2,783,626
Number of Shares Underlying Warrants	2,783,626
Exercise Price Warrants One [Member] | Warrants [Member]
Exercise prices range, lower limit	$ 4.94	$ 4.94
Exercise prices range, upper limit	$ 13.30	$ 13.30
Number of Shares Underlying Warrants	117,869	147,346
Weighted Average Exercise Price	$ 8.33	$ 8.92
Weighted Average Remaining Contractual Life	8 months 16 days	1 year 5 months 12 days
Number of Shares Underlying Warrants	117,869	147,346
Weighted Average Exercise Price	$ 8.33	$ 8.92
Exercise Price Warrants Two [Member] | Warrants [Member]
Exercise prices range, lower limit	0.75	0.75
Exercise prices range, upper limit	$ 3.51	$ 3.51
Number of Shares Underlying Warrants	2,665,757	2,565,757
Weighted Average Exercise Price	$ 0.98	$ 0.99
Weighted Average Remaining Contractual Life	3 years 2 months 5 days	4 years 2 months 8 days
Number of Shares Underlying Warrants	2,665,757	2,565,757
Weighted Average Exercise Price	$ 3.18	$ 0.999

Warrants for Stock (Details 2)

Warrants for Stock (Details 2) - Warrants [Member]	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Risk free interest rates	1.62%
Expected life	3 years	5 years
Estimated volatility	1.00%	1.00%
Dividend yield	0.00%	0.00%
Minimum [Member]
Risk free interest rates		2.67%
Maximum [Member]
Risk free interest rates		2.83%

Warrants for Stock (Details Tex

Warrants for Stock (Details Textual) - Warrants [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Warrants for Stock (Textual)
Warrant granted to purchase	100,000	375,000
Common stock per share value	$ 0.80
Aggregate intrinsic value	$ 0	$ 0
VPEG [Member]
Warrants for Stock (Textual)
Warrant granted to purchase		1,880,267

Stock Options (Details)

Stock Options (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Number of Options
Ending balance, shares		2,783,626
Number of Options Exercisable
Ending balance, shares		2,783,626
Stock option [Member]
Number of Options
Beginning balance, shares		211,186	223,556
Granted at Fair Value
Exercised
Canceled			(12,370)
Ending balance, shares		211,186	211,186
Weighted Average Exercise Price
Beginning balance		$ 2.15	$ 2.62
Granted at Fair Value
Exercised
Canceled			10.71
Ending balance		$ 2.15	$ 2.15
Aggregate Intrinsic Value
Beginning balance	[1]		$ 489,475
Granted at Fair Value	[1]
Exercised	[1]
Canceled	[1]
Ending balance	[1]
Number of Options Exercisable
Beginning balance, shares		101,537	44,827
Granted at Fair Value
Exercised
Canceled
Ending balance, shares		167,326	101,537
Weighted Average Fair Value At Date of Grant
Beginning balance		$ 2.83	$ 13.49
Granted at Fair Value
Exercised
Canceled
Ending balance		$ 2.31	$ 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.

Stock Options (Details 1)

Stock Options (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Options, shares	2,783,626
Number Exercisable	2,783,626
Stock option [Member]
Number of Options, shares	211,186	211,186	223,556
Weighted Average Remaining Contractual Life (Years)	7 years 5 months 23 days	8 years 5 months 23 days
Weighted Average Exercise Price	$ 2.15	$ 2.15	$ 2.62
Aggregate Intrinsic Value
Number Exercisable	167,326	101,537	44,827
Weighted Average Exercise Price of Exercisable Options	$ 2.31	$ 2.83
Aggregate Intrinsic Value
Stock option [Member] | Range of exercise price one [Member]
Range of Exercise Prices, lower limit	$ 1.52	$ 1.52
Range of Exercise Prices, upper limit	$ 13.30	$ 13.30

Stock Options (Details 2)

Stock Options (Details 2) - Stock Option [Member]	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Options
Non-vested beginning balance, shares | shares	109,649
Granted | shares
Vested | shares	65,789
Forfeited | shares
Non-vested ending balance, shares | shares	43,860
Weighted Average Grant Date Fair Value
Non-vested beginning balance | $ / shares	$ 1.52
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, 2019	Dec. 31, 2018
Equity Option [Member]
Stock Options (Textual)
Compensation expense related to stock options	$ 100,000	$ 133,350

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies (Textual)
Rent expense	$ 27,212	$ 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 notice of 90 days.

Related Party Transactions (Det

Related Party Transactions (Details)	Apr. 10, 2018USD ($)$ / sharesshares	Oct. 11, 2017USD ($)	Aug. 21, 2017USD ($)shares	Jul. 31, 2018USD ($)	Jan. 24, 2018shares	Aug. 21, 2017USD ($)shares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)	Feb. 03, 2018	Dec. 31, 2017USD ($)shares	Jan. 17, 2018$ / shares
Related Party Transactions (Textual)
Warrant exercise price | $ / shares							$ 1.52
Debt conversion price (in dollars per share) | $ / shares							$ 0.04
Share based compensation							$ 100,000	$ 11,413,072
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
VPEG Note [Member]
Related Party Transactions (Textual)
Note principal amount		$ 250,000
Maturity date		Nov. 30, 2017
VPEG Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Common stock, shares | shares					940,272
Visionary Private Equity Group I, LP [Member] | VPEG Note [Member]
Related Party Transactions (Textual)
Note principal amount		$ 621,500	$ 550,000			$ 550,000
Warrant exercise price | $ / shares											$ 1.52
Original issue discount		56,500	50,000			50,000
Amount borrowed from related party		$ 565,000	$ 500,000			$ 500,000
Maturity date			Sep. 1, 2017
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
Visionary Private Equity Group I, LP [Member] | VPEG Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Stated interest rate			12.00%			12.00%
Share price | shares			110,000			110,000
Insider Settlement Agreement [Member] | Affiliated Entity [Member]
Related Party Transactions (Textual)
Amount borrowed from related party			$ 35,000			$ 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
Kevin DeLeon [Member]
Related Party Transactions (Textual)
Consulting Fees							$ 76,500	$ 105,030
VPEG Private Placement [Member] | Securities Purchase Agreement [Member]
Related Party Transactions (Textual)
Term period of promissory note									6 months
Visionary Private Equity Group I, LP [Member] | Investor [Member] | Issue of Warrants [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
Visionary Private Equity Group I, LP [Member] | Investor [Member] | Loan Agreement Amendment [Member]
Related Party Transactions (Textual)
Amount borrowed from related party	1,410,200
Visionary Private Equity Group I, LP [Member] | Investor [Member] | New Debt Agreement [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
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
Navitus Energy Group [Member] | Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member]
Related Party Transactions (Textual)
Amount borrowed from related party			520,800			$ 520,800
Navitus Energy Group [Member] | Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares					342,633
Sale of stock, consideration receivable on transaction						$ 65,591
Ron Zamber [Member] | Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares					243,948	46,700
Ron Zamber [Member] | Insider Settlement Agreement [Member] | Affiliated Entity [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares					9,869	1,889
Greg Johnson [Member] | Corporate Joint Venture [Member] | Navitus Settlement Agreement [Member] | Series C Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares					98,685	18,891
McCall Law Firm [Member] | McCall Settlement Agreement [Member] | Affiliated Entity [Member]
Related Party Transactions (Textual)
Amount borrowed from related party			$ 380,323			$ 380,323
McCall Law Firm [Member] | McCall Settlement Agreement [Member] | Affiliated Entity [Member] | Series D Preferred Stock [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares						20,000
Rim Rubin Hill [Member] | Insider Settlement Agreement [Member] | Affiliated Entity [Member]
Related Party Transactions (Textual)
Debt converted to shares in settlement (in shares) | shares					13,158	2,519

Segment and Geographic Inform_3

Segment and Geographic Information and Revenue Disaggregation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total annual revenues	$ 2,204,104	$ 1,034,317
More Than Five Percent [Member]
Total annual revenues	1,310,206	648,659
Less Than Five Percent [Member]
Total annual revenues	$ 893,898	$ 385,658

Segment and Geographic Inform_4

Segment and Geographic Information and Revenue Disaggregation (Details Textual)	12 Months Ended
	Dec. 31, 2019instalment
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, 2019	Dec. 31, 2018
Numerator:
Net loss	$ (3,530,835)	$ (27,309,510)
Denominator
Basic weighted average common shares outstanding	28,037,713	21,290,933
Effect of dilutive securities
Diluted weighted average common shares outstanding	28,037,713	21,290,933
Net loss per common share
Basic and diluted	$ (0.13)	$ (1.28)

Net Loss Per Share (Details Tex

Net Loss Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net Loss Per Share (Textual)
Potentially dilutive shares	3,103,782	3,003,782

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Employee Benefit Plan (Textual)
Contributions to the Molecular Templates	$ 15,402	$ 7,915

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 29, 2019	Dec. 31, 2019
Subsequent Events (Textual)
Extension and modification agreement, description	The Company incurred a $5,000 penalty. The December 30, 2019 payment was not paid timely and accordingly the Company incurred penalties of $45,000 and interest of $9,076.
January 1, 2020 through January 29, 2021 [Member]
Subsequent Events (Textual)
Additional loan proceeds		$ 1,143,776
VPEG [Member] | February 8, 2021 [Member]
Subsequent Events (Textual)
Increase the loan amount		3,500,000
VPEG [Member] | October 30, 2020 [Member]
Subsequent Events (Textual)
Increase the loan amount		$ 3,000,000