Victory Oilfield Tech (VYEY) 10-K 3 Sep 21 2020 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Sep. 03, 2021
Document Information Line Items
Entity Registrant Name	VICTORY OILFIELD TECH, INC.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		28,037,713
Entity Public Float	$ 193,214
Amendment Flag	false
Entity Central Index Key	0000700764
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	002-76219
Entity Incorporation, State or Country Code	NV
Entity Interactive Data Current	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 192,337	$ 17,076
Accounts receivable, net	149,972	510,226
Inventory	17,007	50,053
Other receivables	48,560	62,432
Prepaid and other current assets	27,884	115,939
Total current assets	435,760	755,726
Property, plant and equipment	731,741	721,983
Accumulated depreciation	(375,614)	(242,077)
Property, plant and equipment, net	356,127	479,906
Goodwill	145,149	145,149
Other intangible assets, net	130,827	148,079
Total Assets	1,067,863	1,528,860
Current Liabilities
Accounts payable	536,955	719,011
Accrued and other short term liabilities	66,645	176,593
Short term advance from shareholder	185,150	185,150
Short term notes payable, net		703,377
Short term notes payable - affiliate, net	3,081,676	1,978,900
Total current liabilities	3,870,426	3,763,031
Long term notes payable, net	318,800
Total long term liabilities	318,800
Total Liabilities	4,189,226	3,763,031
Stockholders’ Equity
Preferred Series D stock, $0.001 par value, 20,000 shares authorized, 8,333 shares issued and outstanding at each of December 31, 2020 and 2019	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, 2020 and 2019	28,038	28,038
Receivable for stock subscription	(245,000)	(245,000)
Additional paid-in capital	95,750,830	95,684,164
Accumulated deficit	(98,655,239)	(97,701,381)
Total stockholders’ equity	(3,121,363)	(2,234,171)
Total Liabilities and Stockholders’ Equity	$ 1,067,863	$ 1,528,860

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	28,037,713	28,037,713
Common stock, shares outstanding	28,037,713	28,037,713
Preferred Series D Stock
Preferred stock, par value (in Dollars per share)	$ 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, 2020	Dec. 31, 2019
Income Statement [Abstract]
Total revenue	$ 851,393	$ 2,204,104
Total cost of revenue	537,427	1,015,855
Gross profit	313,966	1,188,249
Operating expenses
Selling, general and administrative	1,165,009	1,705,704
Depreciation and amortization	19,609	265,318
Impairment loss		2,616,705
Total operating expenses	1,184,618	4,587,727
Loss from operations	(870,652)	(3,399,478)
Other income/(expense)
Other income	7,000
Interest expense	(87,677)	(197,851)
Total other income/(expense)	(80,677)	(197,851)
Loss from continuing operations before tax benefit	(951,329)	(3,597,329)
Tax expense	(2,529)
Loss from continuing operations	(953,858)	(3,597,329)
Income from discontinued operations		66,494
Loss applicable to common stockholders	$ (953,858)	$ (3,530,835)
Basic and diluted:
Loss per share from continuing operations (in Dollars per share)	$ (0.03)	$ (0.13)
Income (loss) per share from discontinued operations (in Dollars per share)	0	0
Loss per share, basic and diluted (in Dollars per share)	$ (0.03)	$ (0.13)
Weighted average shares, basic and diluted (in Shares)	28,037,713	28,037,713

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (953,858)	$ (3,530,835)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	25,018	135,304
Amortization of intangible assets	17,252	260,547
Impairment of intangible assets		2,616,705
Depreciation	133,537	135,761
Share-based compensation	66,666	100,000
Changes in operating assets and liabilities:
Accounts receivable	360,254	(110,901)
Other receivable	13,872	(62,432)
Inventory	33,046	12,522
Prepaid and other current assets	88,055	(6,050)
Accounts payable	(182,056)	18,777
Accrued and other short term liabilities	(109,948)	58,463
Net cash used in operating activities	(508,162)	(372,139)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in fixed assets	(9,758)
Net cash used in investing activities	(9,758)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable - affiliate	1,102,776	785,000
Payments on notes payable	(728,395)	(657,681)
Short term advance from shareholder		185,150
Proceeds from long term notes payable	318,800
Net cash provided by financing activities	693,181	312,469
Net change in cash and cash equivalents	175,261	(59,670)
Beginning cash and cash equivalents	17,076	76,746
Ending cash and cash equivalents	192,337	17,076
Cash paid for:
Interest	$ 87,677	$ 197,851

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity - USD ($)	Common Stock $0.001 Par Value	Preferred D $0.001 Par Value	Receivable for Stock Subscription	Additional Paid In Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2018	$ 28,038	$ 8	$ (245,000)	$ 95,584,164	$ (94,170,546)	$ 1,196,664
Balance (in 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)
Balance at Dec. 31, 2019	$ 28,038	$ 8	(245,000)	95,684,164	(97,701,381)	(2,234,171)
Balance (in Shares) at Dec. 31, 2019	28,037,713	8,333
Share based compensation				66,666		66,666
Loss attributable to common stockholders					(953,858)	(953,858)
Balance at Dec. 31, 2020	$ 28,038	$ 8	$ (245,000)	$ 95,750,830	$ (98,655,239)	$ (3,121,363)
Balance (in Shares) at Dec. 31, 2020	28,037,713	8,333

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [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. Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of Victory and Pro-Tech, its wholly owned subsidiary, for all periods presented. 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 $(98,655,239) through December 31, 2020 and has a working capital deficit of $(3,434,666) at December 31, 2020. 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 12, 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 2020 the Company received loan proceeds of $1,102,776 from VPEG. 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 $150,224. The Company is actively seeking additional capital from VPEG and potential sources of equity and/or debt financing. 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, 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, 2020 and December 31, 2019. Fair 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). Receivables are carried at amounts that approximate fair value. Receivables are recognized net of an allowance for doubtful accounts receivable. The allowance for doubtful accounts reflects the current estimate of credit losses expected to be incurred over the life of the financial asset, based on historical experience current conditions and reasonable forecasts of future economic conditions. Accounts receivable are written down or off when a portion or all of such account receivable is determined to be uncollectible. Inventories are valued at the lower of cost or net realizable value with cost being determined on the weighted average cost method. Elements of cost in inventories include: ● raw materials, ● direct labor, and ● manufacturing and indirect overhead. Supplies are valued at the lower of cost or net realizable value; cost is generally determined by the weighted average cost method. Inventories deemed to have costs greater than their respective market values are reduced to net realizable value with a loss recorded in income in the period recognized. At December 31, 2020 and 2019, the carrying value of the Company’s 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. Revenue Recognition The Company recognizes revenue as it satisfies contractual performance obligations by transferring promised goods or services to the customers. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for those promised goods or services A good or service is transferred to a customer when, or as, the customer obtains control of that good or service. 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, 2020 and 2019, the Company recognized revenue of $851,393 and $2,204,104, 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. 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. An allowance of $13,056 has been recorded at December 31, 2020. There were no allowances recorded at December 31, 2019. The company suffered bad debt losses in 2020 of $26,545. There were no bad debts recorded in 2019. 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, 2020 and 2019, four customers comprised 73% and 66% of the Company’s gross accounts receivables, respectively. For the years ended December 31, 2020 and 2019, two and two customers comprised 64% and 35%, respectively, of the Company’s total 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, 2020 and 2019. 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 4, 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, 2020 and 2019, 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. The Company’s other intangible assets are comprised of contract-based and marketing-related intangible assets, as well as acquisition-related intangibles. Acquisition-related intangibles include the value of Pro-Tech’s trademark and customer relationships, both of which are being amortized over their expected useful lives of 10 years beginning August 2018. 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 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 5, Goodwill and Other Intangible Assets PPP Loans The Company accounts for loans issued pursuant to the Paycheck Protection Program of the U.S. Small Business Administration as debt. The Company will continue to record the PPP Note as debt until either (1) the PPP Note is partially or entirely forgiven and the Company has been legally released, at which point the amount forgiven will be recorded as income or (2) the Company pays off the PPP Note. See Note 7, Notes Payable 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 10, 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, 2020 and 2019, respectively. The weighted average number of common shares outstanding was 28,037,713 at each of December 31, 2020 and 2019. 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 2020 2019 Common Stock Shares Outstanding 28,037,713 28,037,713 Common Stock Equivalents Outstanding Warrants 2,706,847 2,783,626 Stock Options 211,186 211,186 Total Common Stock Equivalents Outstanding 2,918,033 2,994,812

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements Recently Issued Accounting Standards In December 2019, the FASB issued ASU 2019-12, “ Simplifying the Accounting for Income Taxes Recently Adopted Accounting Standards From time to time, new accounting pronouncements are issued by the FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption. On October 1, 2019, the Company 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.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2020
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, 2020 2019 Income from discontinued operations before tax benefit $ - $ 66,494 Tax benefit - - Net income from discontinued operations - 66,494 Loss on disposal of discontinued operations, net of tax - - Income from discontinued operations, net of tax $ - $ 66,494

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property, plant and equipment	Note 4 – Property, plant and equipment Property, plant and equipment, at cost, consisted of the following at December 31: December 31, 2020 2019 Trucks $ 360,057 $ 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 731,741 721,983 Less -- accumulated depreciation (375,614 ) (242,077 ) Property, plant and equipment, net $ 356,127 $ 479,906 Depreciation expense for the twelve months ended December 31, 2020 and 2019 was $133,537 and $135,761, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 5 – Goodwill and Other Intangible Assets The Company recorded $17,252 and $260,547 of amortization of intangible assets for the twelve months ended December 31, 2020 and 2019, 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. Effective September 1, 2020, the Company and AVV 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 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. The following table shows intangible assets, other than goodwill, and related accumulated amortization as of December 31, 2020 and 2019. December 31, December 31, Pro-Tech customer relationships $ 129,680 $ 129,680 Pro-Tech trademark 42,840 42,840 Accumulated amortization & impairment (41,693 ) (24,440 ) Other intangible assets, net $ 130,827 $ 148,079

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 6 – Income Taxes There was no material provision for (benefit of) income taxes for the years ended December 31, 2020 and 2019, 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 resulted in a limitation of pre-change in control net operating loss carry forwards to $8,163,000 over a 20-year period. For the years ending December 31, 2020 and 2019, the Company incurred a net operating loss carry forward of $668,000 and $425,000, respectively. Combined with the Section 382 limitation, as of December 31, 2020 the Company has net operating losses available of approximately $8,954,000 which will expire in between 2028 and 2038, and $2,510,000 that will carryforward indefinitely. Total Combined NOL is $11,464,000. 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, 2020 and 2019, 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. All deferred income tax assets and liabilities, including NOL’s have been measured using a 21% rate and are reflected in the valuation of these assets as of December 31, 2020. Significant components of the Company’s deferred income tax assets are as follows: 2020 2019 Net operating loss carryforwards $ 2,423,000 $ 2,268,000 Depreciation and accretion (78,000 ) (102,000 ) Equity based expenses 244,000 213,000 Other 11,000 - Deferred taxes 2,600,000 2,379,000 Valuation allowance (2,600,000 ) (2,379,000 ) Net deferred income tax assets $ - $ - Reconciliation of the effective income tax rate to the U.S. statutory rate is as follows: 2020 2019 Federal taxes at statutory rate 21 % 21.0 % Noncompulsory stock warrants 0.0 % 0.0 % State tax & other permanent items 1.3 % -0.3 % Change in state tax rate 1.8 % 0.0 % Intangible impairment % -17.0 % Change in valuation allowance -24.1 % -4.2 % Effective income tax rate 0.0 % -0.5 % 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, 2020 and 2019 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 2017 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, 2020
Debt Disclosure [Abstract]
Notes Payable	Note 7 – Notes Payable Notes payable were comprised of the following at December 31: 2020 2019 Rogers Note $ - $ 215,985 Kodak Note - 250,000 Matheson Note - 262,500 Economic Injury Disaster Loan 150,000 Paycheck Protection Program Loan 168,800 New VPEG Note 3,081,676 1,978,900 Total notes payable 3,400,476 2,707,295 Less unamortized discount and issuance costs - (25,018 ) Total notes payable, net $ 3,400,476 $ 2,682,277 Current portion of notes payable 3,081,676 2,682,277 Long term notes payable, net $ 318,800 $ - Amortization of discount and issuance costs during the years ended December 31, 2020 and 2019 was $25,018 and $135,304, respectively. Future payments on notes payable at December 31, 2020 were: 2021 $ 3,081,676 2022 and beyond 318,800 Total $ 3,400,476 Paycheck Protection Program Loan On April 15, 2020, the Company received loan proceeds in the amount of $168,800 under the Paycheck Protection Program (the “PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act of 2020 (the “CARES Act”) and administered by the U.S. Small Business Administration (the “SBA”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The unsecured loan (the “First PPP Loan”) is evidenced by a promissory note (the “First PPP Note”) issued by the Company, dated April 14, 2020, in the principal amount of $168,800 with Arvest Bank. Under the terms of the First PPP Note and the PPP, interest accrues on the outstanding principal at the rate of 1.0% per annum with a deferral of payments for the first seven months. The term of the First PPP Note is two years, though it may be payable sooner in connection with an event of default under the First PPP Note. To the extent the amount of the First PPP Loan is not forgiven under the PPP, the Company will be obligated to make equal monthly payments of principal and interest beginning after a seven-month deferral period provided in the First PPP Note and through April 14, 2022. The CARES Act and the PPP provide a mechanism for forgiveness of up to the full amount borrowed. Under the PPP, the Company may apply for forgiveness for all or a part of the First PPP Loan. The amount of First PPP Loan proceeds eligible for forgiveness is based on a formula that takes into account a number of factors, including: (i) the amount of First PPP Loan proceeds that are used by the Company during the 24-week period after the First PPP Loan origination date for certain specified purposes including payroll costs, interest on certain mortgage obligations, rent payments on certain leases, and certain qualified utility payments, provided that at least 75% of the First PPP Loan amount is used for eligible payroll costs; (ii) the Company maintaining or rehiring employees, and maintaining salaries at certain levels; and (iii) other factors established by the SBA. Subject to the other requirements and limitations on First PPP Loan forgiveness, only that portion of the First PPP Loan proceeds spent on payroll and other eligible costs during the covered twenty-four-week period will qualify for forgiveness. As of August 6, 2021 the Company received notice from Arvest Bank and the SBA that the full amount of the First PPP Loan in the amount of $168,800 has been forgiven. See Note 16, Subsequent Events The foregoing description of the First PPP Note does not purport to be complete and is qualified in its entirety by reference to the full text of the First PPP Note, a copy of which is filed as Exhibit 10.5 to the Quarterly Report on Form 10-Q for the periods ended June 30, 2020. Economic Injury Disaster Loan Additionally, on June 15, 2020, the Company received $150,000 in loan funding from the SBA under the Economic Injury Disaster Loan (“EIDL”) program administered by the SBA, which program was expanded pursuant to the CARES Act. The EIDL is evidenced by a promissory note, dated June 11, 2020 (the “EIDL Note”) in the original principal amount of $150,000 with the SBA, the lender. Under the terms of the EIDL Note, interest accrues on the outstanding principal at the rate of 3.75% per annum. The term of the EIDL Note is 30 years, though it may be payable sooner upon an event of default under the EIDL Note. Under the EIDL Note, the Company will be obligated to make equal monthly payments of principal and interest beginning on July 11, 2021 through the maturity date of June 11, 2050. The EIDL Note may be prepaid in part or in full, at any time, without penalty. The EIDL Note provides for certain customary events of default, including: (i) a failure to comply with any provision of the EIDL Note, the related Loan Authorization and Agreement, or other EIDL loan documents; (ii) a default on any other SBA loan; (iii) a sale or transfer of, or failure to preserve or account to SBA’s satisfaction for, any of the collateral or its proceeds; (iv) a failure of the Company or anyone acting on its behalf to disclose any material fact to SBA; (v) the making of a materially false or misleading representation to SBA by the Company or anyone acting on their behalf; (vi) a default on any loan or agreement with another creditor, if SBA believes the default may materially affect the Company’s ability to pay the EIDL Note; (vii) a failure to pay any taxes when due; (viii) if the Company becomes the subject of a proceeding under any bankruptcy or insolvency law; (ix) if a receiver or liquidator is appointed for any part of the Company’s business or property; (x) the making of an assignment for the benefit of creditors; (xi) has any adverse change in financial condition or business operation that SBA believes may materially affect the Company’s ability to pay the EIDL Note; (xii) effects any reorganization, merger, consolidation, or other transaction changing ownership or business structure without SBA’s prior written consent; or (xiii) becomes the subject of a civil or criminal action that SBA believes may materially affect the Company’s ability to pay the EIDL Note. The foregoing description of the EIDL Note does not purport to be complete is qualified in its entirety by reference to the full text of the EIDL Note, a copy of which is filed as Exhibit 10.6 to the Quarterly Report on Form 10-Q for the periods ended June 30, 2020. 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. The New Rogers Settlement Agreement was repaid through 24 equal monthly installments of approximately $16,607 per month beginning January 2019 and ending December 2020. The Company also agreed to reimburse Louise H. Rogers for attorney fees in the amount of $7,686, which was paid on 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 Company recorded interest expense of $0.00 and $0.00 related to the Rogers Settlement Agreement for the twelve months ended December 31, 2020 and 2019, 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”). 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, the Company paid to Kodak interest on the Loan for the fourth quarter of 2019 in the amount of $11,059.03, and an extension fee in the amount of $14,062.50. The Company agreed to: (i) pay a total of $12,500.00 to Kodak and its manager, which represents due diligence fees; (ii) pay to Kodak and its manager a total of $27,500, which represents $25,000 of loan monitoring fees and $2,500 of loan extension fees; (iii) on or before October 31, 2019, pay to Kodak the sum of $125,000, as a payment of principal, and the Company would incur a late fee of $5,000 for every seven (7) days (or portion thereof) that the balance remained 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 would incur a late fees of $5,000 for every seven (7) days (or portion thereof) that the balance remained unpaid after November 29, 2019; and (v) on or before December 30, 2019, the Company would 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 was not paid in full by December 30, 2019, the Company would pay to Kodak $25,000 as liquidated damages. As of January 10, 2020, VPEG, on behalf of the Company, 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. 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 was fully amortized into interest expense during 2019 using a method consistent with the interest method. The Company amortized $13,916 related to the Kodak Note during 2019. Matheson Note In connection with the purchase of Pro-Tech, the Company was 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 treated 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 was amortized into interest expense on a method consistent with the interest method. The Company recorded interest expense of $25,018 and $42,888 related to the Matheson Note for the twelve months ended December 31, 2020 and 2019, respectively. New VPEG Note See Note 12, Related Party Transactions The outstanding balance on the New VPEG Note was $3,081,676 at December 31, 2020. The Company recorded interest expense of $72,600 related to the New VPEG Note for the twelve months ended December 31, 2020. The outstanding balance on the New VPEG Note was $1,978,900, including $78,500 of original issue discount, at December 31, 2019, and the Company recorded interest expense of $78,500 related to the New VPEG Note for the twelve months ended December 31, 2019.

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	Note 8 – 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 Common Stock The Company did not issue any shares of its common stock during the years ended December 31, 2020 and 2019.

Warrants for Stock

Warrants for Stock	12 Months Ended
	Dec. 31, 2020
Warrantsfor Stock Disclosure Table [Abstract]
Warrants for Stock	Note 9 – Warrants for Stock At December 31, 2020 and 2019 warrants outstanding for common stock of the Company were as follows: Number of Weighted Balance January 1, 2019 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 Granted - $ - Exercised - - Canceled (76,779 ) $ 9.14 Balance December 31, 2020 2,706,847 $ 1.07 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. 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, 2020: Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $13.30 41,090 $ 6.83 0.53 41,090 $ 6.83 $0.75 – $3.51 2,665,757 $ 0.98 2.18 2,665,757 $ 0.98 2,706,847 2,706,847 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 $ 0.98 2,783,626 2,783,626 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 Risk free interest rates 1.62 % Expected life 3 years Estimated volatility 1.0 % Dividend yield 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 each of December 31, 2020 and 2019 the aggregate intrinsic value of the warrants outstanding and exercisable was $0. 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, 2020
Disclosure Text Block Supplement [Abstract]
Stock Options	Note 10 – Stock Options The following table summarizes stock option activity in the Company’s stock-based compensation plans for the years ended December 31, 2020 and 2019. All options issued were non-qualified stock options. Number of Weighted Aggregate Number of Weighted Outstanding at January 1, 2019 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 Granted at Fair Value — — — — — Exercised — — — — — Canceled — — — — — Outstanding at December 31, 2020 211,186 $ 2.15 $ — 211,186 $ 2.15 (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, 2020, 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, 2020 and 2019 was $66,666 and $100,000, respectively. As of December 31, 2020, all share-based compensation for unvested options, net of expected forfeitures, was fully recognized. 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 2020 or 2019. The following table summarizes information about stock options outstanding at December 31, 2020: Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52 - $13.30 211,186 6.48 $ 2.15 $ — 211,186 $ 2.15 $ — The following table summarizes information about 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 $ — A summary of the Company’s non-vested stock options at December 31, 2020 and December 31, 2019 and changes during the years are presented below. Non-Vested Stock Options Options Weighted Non-Vested at December 31, 2019 43,860 $ 1.52 Granted — $ — Vested (43,860 ) $ 1.52 Forfeited — $ — Non-Vested at December 31, 2020 — $ —

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – Commitments and Contingencies Rent expense for the years ended December 31, 2020 and 2019 was $4,470 and $27,212, 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, 2020 and 2019, respectively. On or about January 19, 2010, James Capital Energy, LLC and the Company filed a lawsuit against numerous parties for fraud, fraudulent inducement, negligent misrepresentation, breach of contract, breach of fiduciary duty, trespass, conversion and a few other related causes of action. The name of the lawsuit is “Cause No. CV-47,230; James Capital Energy, LLC and Victory Energy Corporation v. Jim Dial, et al.; In the 142nd District Court of Midland County, Texas.” This lawsuit stems from an investment the Company entered into for the purchase of six wells on the Adams Baggett Ranch with the right of first refusal on option acreage. On December 9, 2010, the Company was granted an interlocutory Default Judgment against Defendants Jim Dial, 1st Texas Natural Gas Company, Inc., Universal Energy Resources, Inc., Grifco International, Inc., and Precision Drilling & Exploration, Inc. The total judgment amounted to approximately $17,183,987. The Company has added additional parties to this lawsuit. Discovery is ongoing in this case and no trial date has been set at this time. The Company believes it will be victorious against all the remaining Defendants in this case. On October 20, 2011, Defendant Remuda filed a Motion to Consolidate and a Counterclaim against our Company. Remuda is seeking to consolidate this case with two other cases wherein Remuda is the named Defendant. An objection to this motion was filed and the cases have not been consolidated. Additionally, we do not believe that the counterclaim made by Remuda has any legal merit. There was no further activity related to this case during the years ended December 31, 2020 and 2019, 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 other ongoing litigation as of the date of this report.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 12 – Related Party Transactions Settlement Agreement 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 was subsequently amended on October 11, 2017 and again on January 17, 2018. On April 10, 2018, the Company and Visionary Private Equity Group I, LP, a Missouri limited partnership (“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 (see below). 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 a proposed future private placement (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. On October 30, 2020, the Company and VPEG entered into an amendment to the New Debt Agreement (the “Amendment”), 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. See Note 7, Notes Payable, , Subsequent Events, 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 (the “AVV Sublicense”), pursuant to which AVV granted the License to the Company, and (ii) a trademark license agreement (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 us in accordance with a mutually agreeable supply agreement. 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. Consulting Fees During the twelve months ended December 31, 2019, the Company paid $76,500 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, 2020
Segment Reporting [Abstract]
Segment and Geographic Information and Revenue Disaggregation	Note 13 – 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 2020 2019 >5% $ 750,734 $ 1,310,206 <5% 100,659 893,898 $ 851,393 $ 2,204,104

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Net Loss Per Share	Note 14 – Net Loss Per Share Basic loss per share is computed using the weighted average number of common shares outstanding at December 31, 2020 and 2019, 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, 2020 2019 Numerator: Net loss $ (953,858 ) $ (3,530,835 ) Denominator Basic weighted average common shares outstanding 28,037,713 28,037,713 Effect of dilutive securities - - Diluted weighted average common shares outstanding 28,037,713 28,037,713 Net loss per common share Basic and diluted $ (0.03 ) $ (0.13 ) For the years ended December 31, 2020 and 2019, potentially dilutive shares of 2,986,999 and 3,063,778, 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, 2020
Retirement Benefits [Abstract]
Employee Benefit Plan	Note 15 – 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 Pro Tech Hardbanding 401(k) Plan by the Company were $11,293 and $15,402 for the years ended December 31, 2020 and 2019, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 16 – Subsequent Events During the period of January 1, 2020 through August 20, 2021 the Company received additional loan proceeds of $1,380,876 from VPEG pursuant to the New VPEG Note. On January 31, 2021, the Company and VPEG entered into an amendment to the New Debt Agreement (the “Second Amendment”), pursuant to which the parties agreed to increase the loan amount to up to $3,500,000 to cover future working capital needs. On September 3, 2021 the Company and VPEG entered into an Amendment No. 3 to the New Debt Agreement, pursuant to which the parties agreed to increase the loan amount to up to $4,000,000 to cover future working capital needs. As of August 6, 2021 the Company has received notice from Arvest Bank and the SBA that the full amount of the First PPP Note in the amount of $168,800 has been forgiven (see Note 7, Notes Payable On February 1, 2021, the Company received loan proceeds in the amount of $98,622 pursuant to a second draw loan under the PPP. The unsecured loan (the “Second PPP Loan”) is evidenced by a promissory note (the “Second PPP Note”) issued by the Company, dated January 28, 2021, in the principal amount of $98,622 with Arvest Bank. Under the terms of the Second PPP Note and the PPP, interest accrues on the outstanding principal at the rate of 1.0% per annum with a deferral of payments for the first 10 months. The term of the Second PPP Note is five years, though it may be payable sooner in connection with an event of default under the Second PPP Note. To the extent the amount of the Second PPP Loan is not forgiven under the PPP, the Company will be obligated to make equal monthly payments of principal and interest beginning after a 10 month deferral period provided in the Second PPP Note and through January 28, 2026. The CARES Act and the PPP provide a mechanism for forgiveness of up to the full amount borrowed. Under the PPP, the Company may apply for forgiveness for all or a part of the Second PPP Loan. The amount of Second PPP Loan proceeds eligible for forgiveness is based on a formula established by the SBA. Subject to the other requirements and limitations on Second PPP Loan forgiveness, only that portion of the Second PPP Loan proceeds spent on payroll and other eligible costs during the covered twenty-four -week period will qualify for forgiveness. Although the Company has used the entire amount of the Second PPP Loan for qualifying expenses, no assurance is provided that the Company will obtain forgiveness of the Second PPP Loan in whole or in part. The Second PPP Note may be prepaid in part or in full, at any time, without penalty. The Second PPP Note provide for certain customary events of default, including the Company’s: (i) failure to make a payment when due; (ii) breach of the note terms; (iii) default on any other loan with the Lender; (iv) filing of a bankruptcy petition by or against the Company; (v) reorganization merger, consolidation or other change in ownership or business structure without the Lender’s prior written consent; (vi) adverse change in financial condition or business operation that the Lender believes may affect the Company’s ability to pay the Second PPP Note; and (vii) default on any loan or agreement with another creditor, if the Lender believes the default may materially affect the Company’s ability to pay the Second PPP Note. Upon the occurrence of an event of default, the Lender has customary remedies and may, among other things, require immediate payment of all amounts owed under the Second PPP Note, collect all amounts owing from the Company and file suit and obtain judgment against the Company. The foregoing description of the Second PPP Note does not purport to be complete is qualified in its entirety by reference to the full text of the Second PPP Note, a copy of which is filed as Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the periods ended June 30, 2020. In January 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a “Public Health Emergency of International Concern,” which continues to spread throughout the world and has adversely impacted global commercial activity and contributed to significant declines and volatility in financial markets. The coronavirus outbreak and government responses are creating disruption in global supply chains and adversely impacting many industries. The outbreak could have a continued material adverse impact on economic and market conditions and trigger a period of global economic slowdown. The rapid development and fluidity of this situation precludes any prediction as to the ultimate material adverse impact of the coronavirus outbreak. Nevertheless, the outbreak presents uncertainty and risk with respect to the Company, its performance, and its financial results. On September 16, 2020, the Securities and Exchange Commission (“SEC”) adopted extensive amendments to Rule 15c2-11 (“Rule”) under the Securities Exchange Act of 1934 (“Exchange Act”) effective in September 2021. The Rule governs the publication of quotations for securities in the over-the-counter (“OTC”) market, including the OTC Pink Market where the Company’s common stock is quoted. Rule 15c2-11 makes it unlawful for a broker-dealer to initiate a quotation for a security unless the broker dealer has in its records prescribed information about the issuer that is current and publicly available. The lack of full time accounting personnel and financial constraints resulting in delayed payments to the Company’s external professional services providers have restricted its ability to gather, analyze and properly review information related to financial reporting in a timely manner. For these reasons, the Company was unable to timely file its quarterly and annual reports during 2019 and 2020 and its quarterly report for the first and second quarters of 2021. The Company continues to actively seek additional sources of capital which it believes will allow the resumption of timely current public reporting practices no later than the third quarter of 2021.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Organization and nature of operations	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.
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of Victory and Pro-Tech, its wholly owned subsidiary, for all periods presented. 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	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 $(98,655,239) through December 31, 2020 and has a working capital deficit of $(3,434,666) at December 31, 2020. 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 12, 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	Capital Resources During 2020 the Company received loan proceeds of $1,102,776 from VPEG. 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 $150,224. The Company is actively seeking additional capital from VPEG and potential sources of equity and/or debt financing.
Use of Estimates	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, various common stock, warrants and option transactions, evaluation of intangible assets, and loss contingencies.
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, 2020 and December 31, 2019.
Fair Value	Fair 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). Receivables are carried at amounts that approximate fair value. Receivables are recognized net of an allowance for doubtful accounts receivable. The allowance for doubtful accounts reflects the current estimate of credit losses expected to be incurred over the life of the financial asset, based on historical experience current conditions and reasonable forecasts of future economic conditions. Accounts receivable are written down or off when a portion or all of such account receivable is determined to be uncollectible. Inventories are valued at the lower of cost or net realizable value with cost being determined on the weighted average cost method. Elements of cost in inventories include: ● raw materials, ● direct labor, and ● manufacturing and indirect overhead. Supplies are valued at the lower of cost or net realizable value; cost is generally determined by the weighted average cost method. Inventories deemed to have costs greater than their respective market values are reduced to net realizable value with a loss recorded in income in the period recognized. At December 31, 2020 and 2019, the carrying value of the Company’s 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.
Revenue Recognition	Revenue Recognition The Company recognizes revenue as it satisfies contractual performance obligations by transferring promised goods or services to the customers. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for those promised goods or services A good or service is transferred to a customer when, or as, the customer obtains control of that good or service. 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, 2020 and 2019, the Company recognized revenue of $851,393 and $2,204,104, 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.
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. An allowance of $13,056 has been recorded at December 31, 2020. There were no allowances recorded at December 31, 2019. The company suffered bad debt losses in 2020 of $26,545. There were no bad debts recorded in 2019. 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, 2020 and 2019, four customers comprised 73% and 66% of the Company’s gross accounts receivables, respectively. For the years ended December 31, 2020 and 2019, two and two customers comprised 64% and 35%, respectively, of the Company’s total 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, 2020 and 2019.
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 4, 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, 2020 and 2019, 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. The Company’s other intangible assets are comprised of contract-based and marketing-related intangible assets, as well as acquisition-related intangibles. Acquisition-related intangibles include the value of Pro-Tech’s trademark and customer relationships, both of which are being amortized over their expected useful lives of 10 years beginning August 2018. 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 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 5, Goodwill and Other Intangible Assets
PPP Loans	PPP Loans The Company accounts for loans issued pursuant to the Paycheck Protection Program of the U.S. Small Business Administration as debt. The Company will continue to record the PPP Note as debt until either (1) the PPP Note is partially or entirely forgiven and the Company has been legally released, at which point the amount forgiven will be recorded as income or (2) the Company pays off the PPP Note. See Note 7, Notes Payable
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 10, 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, 2020 and 2019, respectively. The weighted average number of common shares outstanding was 28,037,713 at each of December 31, 2020 and 2019. 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 2020 2019 Common Stock Shares Outstanding 28,037,713 28,037,713 Common Stock Equivalents Outstanding Warrants 2,706,847 2,783,626 Stock Options 211,186 211,186 Total Common Stock Equivalents Outstanding 2,918,033 2,994,812

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
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 2020 2019 Common Stock Shares Outstanding 28,037,713 28,037,713 Common Stock Equivalents Outstanding Warrants 2,706,847 2,783,626 Stock Options 211,186 211,186 Total Common Stock Equivalents Outstanding 2,918,033 2,994,812

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations	Years Ended December 31, 2020 2019 Income from discontinued operations before tax benefit $ - $ 66,494 Tax benefit - - Net income from discontinued operations - 66,494 Loss on disposal of discontinued operations, net of tax - - Income from discontinued operations, net of tax $ - $ 66,494

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	December 31, 2020 2019 Trucks $ 360,057 $ 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 731,741 721,983 Less -- accumulated depreciation (375,614 ) (242,077 ) Property, plant and equipment, net $ 356,127 $ 479,906

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets other than goodwill and related accumulated amortization	December 31, December 31, Pro-Tech customer relationships $ 129,680 $ 129,680 Pro-Tech trademark 42,840 42,840 Accumulated amortization & impairment (41,693 ) (24,440 ) Other intangible assets, net $ 130,827 $ 148,079

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of deferred income tax assets	2020 2019 Net operating loss carryforwards $ 2,423,000 $ 2,268,000 Depreciation and accretion (78,000 ) (102,000 ) Equity based expenses 244,000 213,000 Other 11,000 - Deferred taxes 2,600,000 2,379,000 Valuation allowance (2,600,000 ) (2,379,000 ) Net deferred income tax assets $ - $ -
Schedule of effective income tax rate	2020 2019 Federal taxes at statutory rate 21 % 21.0 % Noncompulsory stock warrants 0.0 % 0.0 % State tax & other permanent items 1.3 % -0.3 % Change in state tax rate 1.8 % 0.0 % Intangible impairment % -17.0 % Change in valuation allowance -24.1 % -4.2 % Effective income tax rate 0.0 % -0.5 %

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of notes payable	2020 2019 Rogers Note $ - $ 215,985 Kodak Note - 250,000 Matheson Note - 262,500 Economic Injury Disaster Loan 150,000 Paycheck Protection Program Loan 168,800 New VPEG Note 3,081,676 1,978,900 Total notes payable 3,400,476 2,707,295 Less unamortized discount and issuance costs - (25,018 ) Total notes payable, net $ 3,400,476 $ 2,682,277 Current portion of notes payable 3,081,676 2,682,277 Long term notes payable, net $ 318,800 $ -
Schedule of future payments	2021 $ 3,081,676 2022 and beyond 318,800 Total $ 3,400,476

Warrants for Stock (Tables)

Warrants for Stock (Tables)	12 Months Ended
	Dec. 31, 2020
Warrantsfor Stock Disclosure Table [Abstract]
Schedule of warrants outstanding for common stock	Number of Weighted Balance January 1, 2019 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 Granted - $ - Exercised - - Canceled (76,779 ) $ 9.14 Balance December 31, 2020 2,706,847 $ 1.07
Schedule of outstanding warrants for common stock outstanding and exercisable	Warrants Outstanding Warrants Exercisable Range of Exercise Prices Number of Weighted Weighted Average Number of Weighted $4.94 – $13.30 41,090 $ 6.83 0.53 41,090 $ 6.83 $0.75 – $3.51 2,665,757 $ 0.98 2.18 2,665,757 $ 0.98 2,706,847 2,706,847 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 $ 0.98 2,783,626 2,783,626
Schedule of fair value of warrants	2019 Risk free interest rates 1.62 % Expected life 3 years Estimated volatility 1.0 % Dividend yield 0 %

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Schedule of stock option activity	Number of Weighted Aggregate Number of Weighted Outstanding at January 1, 2019 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 Granted at Fair Value — — — — — Exercised — — — — — Canceled — — — — — Outstanding at December 31, 2020 211,186 $ 2.15 $ — 211,186 $ 2.15 (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	Range of Exercise Prices Number of Weighted Weighted Aggregate Number Exercisable Weighted Aggregate $1.52 - $13.30 211,186 6.48 $ 2.15 $ — 211,186 $ 2.15 $ — 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 $ —
Schedule of non-vested stock options	Non-Vested Stock Options Options Weighted Non-Vested at December 31, 2019 43,860 $ 1.52 Granted — $ — Vested (43,860 ) $ 1.52 Forfeited — $ — Non-Vested at December 31, 2020 — $ —

Segment and Geographic Inform_2

Segment and Geographic Information and Revenue Disaggregation (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of financial statements information	Year Ended December 31, Category 2020 2019 >5% $ 750,734 $ 1,310,206 <5% 100,659 893,898 $ 851,393 $ 2,204,104

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of computation of net loss per common share – basic and diluted	Years Ended December 31, 2020 2019 Numerator: Net loss $ (953,858 ) $ (3,530,835 ) Denominator Basic weighted average common shares outstanding 28,037,713 28,037,713 Effect of dilutive securities - - Diluted weighted average common shares outstanding 28,037,713 28,037,713 Net loss per common share Basic and diluted $ (0.03 ) $ (0.13 )

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Accumulated deficit	$ (98,655,239)	$ (97,701,381)
Working capital deficit	(3,434,666)
Loan proceeds	1,102,776
Additional borrowings amount	150,224
Recognized revenue	851,393	2,204,104
Receivable allowance	13,056
Dad debt losses	26,545
Goodwill	$ 145,149	$ 145,149
Useful life of contract-based intangible assets	10 years
Weighted average shares, basic and diluted (in Shares)	28,037,713	28,037,713
One customers [Member] | Accounts Receivable [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage	73.00%
Two customers [Member] | Accounts Receivable [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage		66.00%
AVV Sublicense [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Useful life of contract-based intangible assets	11 years
Trademarks License [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Useful life of contract-based intangible assets	15 years
Total Revenues [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage	64.00%	35.00%

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of the related assets	12 Months Ended
	Dec. 31, 2020
Welding Equipment, Trucks, Machinery and Equipment [Member]
Organization and Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of the related assets [Line Items]
Useful Life	5 years
Computer Hardware and Software [Member]
Organization and Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of the related assets [Line Items]
Useful Life	7 years
Minimum [Member] | Office Equipment [Member]
Organization and Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of the related assets [Line Items]
Useful Life	5 years
Maximum [Member] | Office Equipment [Member]
Organization and Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of the related assets [Line Items]
Useful Life	7 years

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies (Details) - Schedule of outstanding common stock shares and common stock equivalents - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of outstanding common stock shares and common stock equivalents [Abstract]
Common Stock Shares Outstanding	28,037,713	28,037,713
Warrants	2,706,847	2,783,626
Stock Options	211,186	211,186
Total Common Stock Equivalents Outstanding	2,918,033	2,994,812

Discontinued Operations (Detail

Discontinued Operations (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Aug. 21, 2017
Discontinued Operations (Details) [Line Items]
Stock issued	4,382,872
Exercise price	$ 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 (Details) [Line Items]
Noncontrolling ownership percentage of subsidiary		50.00%
Exercise price	$ 1.52
Aurora Energy Partners [Member] | Navitus [Member]
Discontinued Operations (Details) [Line Items]
Noncontrolling ownership percentage of subsidiary		50.00%

Discontinued Operations (Deta_2

Discontinued Operations (Details) - Schedule of discontinued operations - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of discontinued operations [Abstract]
Income from discontinued operations before tax benefit		$ 66,494
Tax benefit
Net income from discontinued operations		66,494
Loss on disposal of discontinued operations, net of tax
Income from discontinued operations, net of tax		$ 66,494

Property, plant and equipment_2

Property, plant and equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 133,537	$ 135,761

Property, plant and equipment_3

Property, plant and equipment (Details) - Schedule of property, plant and equipment - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 731,741	$ 721,983
Less -- accumulated depreciation	(375,614)	(242,077)
Property, plant and equipment, net	356,127	479,906
Trucks [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	360,057	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 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

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 17,252	$ 260,547
AVV sublicense		2,214,167
Trademark license		1,182,500
Non-compete agreements		67,500
Accumulated amortization & impairment		$ 847,462
Percentage of accumulated amortization		100.00%
Impairment loss		$ 2,616,705

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details) - Schedule of intangible assets other than goodwill and related accumulated amortization - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of intangible assets other than goodwill and related accumulated amortization [Abstract]
Pro-Tech customer relationships	$ 129,680	$ 129,680
Pro-Tech trademark	42,840	42,840
Accumulated amortization and impairment	(41,693)	(24,440)
Other intangible assets, net	$ 130,827	$ 148,079

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes (Details) [Line Items]
Net operating loss carryforwards	$ 8,163,000
Operating loss carryforwards, period	20 years
Net operating loss	$ 11,464,000
Corporate income tax rate	21.00%
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, description	the Company has net operating losses available of approximately $8,954,000 which will expire in between 2028 and 2038, and $2,510,000 that will carryforward indefinitely.
Operating Loss Carry Forward [Member]
Income Taxes (Details) [Line Items]
Net operating loss carryforwards	$ 668,000	$ 425,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of deferred income tax assets - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of deferred income tax assets [Abstract]
Net operating loss carryforwards	$ 2,423,000	$ 2,268,000
Depreciation and accretion	(78,000)	(102,000)
Equity based expenses	244,000	213,000
Other	11,000
Deferred taxes	2,600,000	2,379,000
Valuation allowance	(2,600,000)	(2,379,000)
Net deferred income tax assets

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of effective income tax rate	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of effective income tax rate [Abstract]
Federal taxes at statutory rate	21.00%	21.00%
Noncompulsory stock warrants	0.00%	0.00%
State tax & other permanent items	1.30%	(0.30%)
Change in state tax rate	1.80%	0.00%
Intangible impairment		(17.00%)
Change in valuation allowance	(24.10%)	(4.20%)
Effective income tax rate	0.00%	(0.50%)

Notes Payable (Details)

Notes Payable (Details) - USD ($)

Aug. 06, 2021

Apr. 15, 2020

Nov. 29, 2019

Oct. 21, 2019

Oct. 17, 2018

Feb. 28, 2015

Dec. 31, 2020

Dec. 31, 2019

Dec. 30, 2019

Jun. 15, 2020

Jun. 11, 2020

Jul. 31, 2018

Jul. 15, 2015

Notes Payable (Details) [Line Items]

Amortization discount

$ 25,018

$ 135,304

Loan proceeds

$ 168,800

Accrued interest, percentage

1.00%

Note payable , description

The CARES Act and the PPP provide a mechanism for forgiveness of up to the full amount borrowed. Under the PPP, the Company may apply for forgiveness for all or a part of the First PPP Loan. The amount of First PPP Loan proceeds eligible for forgiveness is based on a formula that takes into account a number of factors, including: (i) the amount of First PPP Loan proceeds that are used by the Company during the 24-week period after the First PPP Loan origination date for certain specified purposes including payroll costs, interest on certain mortgage obligations, rent payments on certain leases, and certain qualified utility payments, provided that at least 75% of the First PPP Loan amount is used for eligible payroll costs; (ii) the Company maintaining or rehiring employees, and maintaining salaries at certain levels; and (iii) other factors established by the SBA. Subject to the other requirements and limitations on First PPP Loan forgiveness, only that portion of the First PPP Loan proceeds spent on payroll and other eligible costs during the covered twenty-four-week period will qualify for forgiveness.

Notes payable

$ 3,400,476

2,682,277

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, the Company paid to Kodak interest on the Loan for the fourth quarter of 2019 in the amount of $11,059.03, and an extension fee in the amount of $14,062.50. The Company agreed to: (i) pay a total of $12,500.00 to Kodak and its manager, which represents due diligence fees; (ii) pay to Kodak and its manager a total of $27,500, which represents $25,000 of loan monitoring fees and $2,500 of loan extension fees; (iii) on or before October 31, 2019, pay to Kodak the sum of $125,000, as a payment of principal, and the Company would incur a late fee of $5,000 for every seven (7) days (or portion thereof) that the balance remained 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 would incur a late fees of $5,000 for every seven (7) days (or portion thereof) that the balance remained unpaid after November 29, 2019; and (v) on or before December 30, 2019, the Company would 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 was not paid in full by December 30, 2019, the Company would pay to Kodak $25,000 as liquidated damages.

Penalty

$ 5,000

$ 45,000

Interest expense

$ 87,677

197,851

$ 9,076

Warrant to purchase (in Shares)

375,000

Exercise price (in Dollars per share)

$ 0.75

Discount

$ 37,000

78,500

Amortized

13,916

Outstanding balance amount

1,978,900

Rogers Settlement Agreement [Member]

Notes Payable (Details) [Line Items]

Settlement agreement, description

The New Rogers Settlement Agreement was repaid through 24 equal monthly installments of approximately $16,607 per month beginning January 2019 and ending December 2020. The Company also agreed to reimburse Louise H. Rogers for attorney fees in the amount of $7,686, which was paid on November 10, 2018 and to reimburse Louise H. Rogers for additional attorney fees incurred in connection with the New Rogers Settlement Agreement.

Interest expense

$ 0

0

New VPEG Note Member

Notes Payable (Details) [Line Items]

Interest expense

78,500

Economic Injury Disaster Loan [Member]

Notes Payable (Details) [Line Items]

Principal amount

$ 150,000

Accrued interest, percentage

3.75%

Notes payable

$ 150,000

Kodak Note [Member]

Notes Payable (Details) [Line Items]

Principal amount

$ 375,000

Stated interest rate

10.00%

Matheson Note [Member]

Notes Payable (Details) [Line Items]

Interest expense

$ 25,018

$ 42,888

Purchase Agreement Description

In connection with the purchase of Pro-Tech, the Company was 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 treated 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 was amortized into interest expense on a method consistent with the interest method.

New VPEG Note Member

Notes Payable (Details) [Line Items]

Interest expense

72,600

Outstanding balance amount

$ 3,081,676

Louise H. Rogers [Member]

Notes Payable (Details) [Line Items]

Principal amount

$ 375,000

Accrued interest, percentage

5.00%

Payment of settlement termination

$ 258,125

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 (Details) [Line Items]

Notes payable

$ 250,000

Stated interest rate

18.00%

Interest on the amount due

$ 129

Paycheck Protection Program Loan [Member]

Notes Payable (Details) [Line Items]

Loan proceeds

$ 168,800

Principal amount

$ 168,800

Notes Payable (Details) - Sched

Notes Payable (Details) - Schedule of notes payable - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable	$ 3,400,476	$ 2,707,295
Less unamortized discount and issuance costs		(25,018)
Total notes payable, net	3,400,476	2,682,277
Current portion of notes payable	3,081,676	2,682,277
Long term notes payable, net	318,800
Rogers Note [Member]
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable		215,985
Kodak Note [Member]
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable		250,000
Matheson Note [Member]
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable		262,500
Economic Injury Disaster Loan [Member]
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable	150,000
Paycheck Protection Program Loan [Member]
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable	168,800
New VPEG Note [Member]
Notes Payable (Details) - Schedule of notes payable [Line Items]
Total notes payable	$ 3,081,676	$ 1,978,900

Notes Payable (Details) - Sch_2

Notes Payable (Details) - Schedule of future payments	Dec. 31, 2020USD ($)
Schedule of future payments [Abstract]
2021	$ 3,081,676
2022 and beyond	318,800
Total	$ 3,400,476

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017
Stockholders’ Equity (Details) [Line Items]
Conversion price	$ 0.04
Series D Preferred Stock [Member]
Stockholders’ Equity (Details) [Line Items]
Preferred stock, shares authorized	20,000	20,000
Preferred stock, value	$ 19.01615
Redeemed shares			1,667

Warrants for Stock (Details)

Warrants for Stock (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Warrants for Stock (Details) [Line Items]
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Warrants outstanding	$ 0
Exercisable		$ 0
Warrant [Member]
Warrants for Stock (Details) [Line Items]
Granted of warrant purchase (in Shares)		100,000
Common stock, par value (in Dollars per share)		$ 0.80

Warrants for Stock (Details) -

Warrants for Stock (Details) - Schedule of warrants outstanding for common stock - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Class of Warrant or Right [Line Items]
Number of Shares Underlying Warrants, beginning balance	2,783,626	2,713,103
Weighted Average Exercise Price, beginning balance	$ 1.29	$ 1.42
Number of Shares Underlying Warrants, Granted		100,000
Weighted Average Exercise Price,Granted		$ 0.80
Number of Shares Underlying Warrants,Exercised
Weighted Average Exercise Price,Exercised
Number of Shares Underlying Warrants,Canceled	(76,779)	(29,477)
Weighted Average Exercise Price,Canceled	$ 9.14	$ 11.28
Number of Shares Underlying Warrants, ending balance	2,706,847	2,783,626
Weighted Average Exercise Price, ending balance	$ 1.07	$ 1.29

Warrants for Stock (Details) _2

Warrants for Stock (Details) - Schedule of outstanding warrants for common stock outstanding and exercisable - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Warrants for Stock (Details) - Schedule of outstanding warrants for common stock outstanding and exercisable [Line Items]
Number of Shares Underlying Warrants (in Shares)	2,706,847	2,783,626
Number of Shares Underlying Warrants (in Shares)	2,706,847	2,783,626
Exercise Price Range
Warrants for Stock (Details) - Schedule of outstanding warrants for common stock outstanding and exercisable [Line Items]
Exercise prices range, lower limit	$ 4.94	$ 4.94
Number of Shares Underlying Warrants (in Shares)	41,090	117,869
Weighted Average Exercise Price	$ 6.83	$ 8.33
Weighted Average Remaining Contractual Life (in years)	193 days	259 days
Number of Shares Underlying Warrants (in Shares)	41,090	117,869
Weighted Average Exercise Price	$ 6.83	$ 8.33
Exercise prices range, upper limit	13.30	13.30
Exercise Price Range
Warrants for Stock (Details) - Schedule of outstanding warrants for common stock outstanding and exercisable [Line Items]
Exercise prices range, lower limit	$ 0.75	$ 0.75
Number of Shares Underlying Warrants (in Shares)	2,665,757	2,665,757
Weighted Average Exercise Price	$ 0.98	$ 0.98
Weighted Average Remaining Contractual Life (in years)	2 years 65 days	3 years 65 days
Number of Shares Underlying Warrants (in Shares)	2,665,757	2,665,757
Weighted Average Exercise Price	$ 0.98	$ 0.98
Exercise prices range, upper limit	$ 3.51	$ 3.51

Warrants for Stock (Details) _3

Warrants for Stock (Details) - Schedule of fair value of warrants - Warrant [Member]	12 Months Ended
	Dec. 31, 2019
Warrants for Stock (Details) - Schedule of fair value of warrants [Line Items]
Risk free interest rates	1.62%
Expected life	3 years
Estimated volatility	1.00%
Dividend yield	0.00%

Stock Options (Details)

Stock Options (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stock Option [Member]
Stock Options (Details) [Line Items]
Compensation expense related to stock options	$ 66,666	$ 100,000

Stock Options (Details) - Sched

Stock Options (Details) - Schedule of stock option activity - Stock Option [Member] - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Stock Options (Details) - Schedule of stock option activity [Line Items]
Number of Options, Outstanding beginning balance		211,186	211,186
Weighted Average Exercise Price, Outstanding beginning balance		$ 2.15	$ 2.15
Aggregate Intrinsic Value, Outstanding beginning balance	[1]
Number of Options Exercisable, Outstanding beginning balance		167,326	101,537
Weighted Average Fair Value At Date of Grant, Outstanding beginning balance		$ 2.31	$ 2.83
Number of Options, Granted at Fair Value
Weighted Average Exercise Price, Granted at Fair Value
Aggregate Intrinsic Value, Granted at Fair Value	[1]
Number of Options Exercisable, Granted at Fair Value
Weighted Average Fair Value At Date of Grant, Granted at Fair Value
Number of Options, Exercised
Weighted Average Exercise Price, Exercised
Aggregate Intrinsic Value, Exercised	[1]
Number of Options Exercisable, Exercised
Weighted Average Fair Value At Date of Grant, Exercised
Number of Options, Canceled
Weighted Average Exercise Price, Canceled
Aggregate Intrinsic Value, Canceled	[1]
Number of Options Exercisable, Canceled
Weighted Average Fair Value At Date of Grant, Canceled
Number of Options, Outstanding ending balance		211,186	211,186
Weighted Average Exercise Price, Outstanding ending balance		$ 2.15	$ 2.15
Aggregate Intrinsic Value, Outstanding ending balance	[1]
Number of Options Exercisable, Outstanding ending balance		211,186	167,326
Weighted Average Fair Value At Date of Grant, Outstanding ending balance		$ 2.15	$ 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.

Stock Options (Details) - Sch_2

Stock Options (Details) - Schedule of information about stock options - Exercise Price Range - Stock Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stock Options (Details) - Schedule of information about stock options [Line Items]
Exercise prices range, lower limit	1.52	1.52
Number of Options	211,186	211,186
Weighted Average Remaining Contractual Life (Years)	6 years 175 days	7 years 175 days
Weighted Average Exercise Price (in Dollars per share)	$ 2.15	$ 2.15
Aggregate Intrinsic Value (in Dollars)
Number Exercisable	211,186	167,326
Weighted Average Exercise Price of Exercisable Options (in Dollars per share)	$ 2.15	$ 2.31
Aggregate Intrinsic Value (in Dollars)
Exercise prices range, upper limit	13.30	13.30

Stock Options (Details) - Sch_3

Stock Options (Details) - Schedule of non-vested stock options - Stock Option [Member]	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Stock Options (Details) - Schedule of non-vested stock options [Line Items]
Options, Non-Vested at beginning	43,860
Weighted Average Grant Date Fair Value, Non-Vested at beginning (in Dollars per share) | $ / shares	$ 1.52
Options, Non-Vested at ending
Weighted Average Grant Date Fair Value, Non-Vested at ending (in Dollars per share) | $ / shares
Options, Granted
Weighted Average Grant Date Fair Value, Granted (in Dollars per share) | $ / shares
Options, Vested	(43,860)
Weighted Average Grant Date Fair Value, Vested (in Dollars per share) | $ / shares	$ 1.52
Options, Forfeited
Weighted Average Grant Date Fair Value, Forfeited

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 09, 2010
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 4,470	$ 27,212
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.
Total amount			$ 17,183,987

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Sep. 01, 2020	Apr. 10, 2018	Aug. 21, 2017	Dec. 31, 2020	Dec. 31, 2019	Oct. 30, 2020
Related Party Transactions (Details) [Line Items]
Amount borrowed from related party					$ 1,978,900
Warrant exercise price (in Dollars per share)				$ 1.52
Stock price (in Dollars per share)				$ 0.75
Share based compensation				$ 66,666	$ 100,000
Debt conversion price (in Dollars per share)				$ 0.04
Increase the loan amount						$ 3,000,000
AVV Sublicense [Member]
Related Party Transactions (Details) [Line Items]
Trademark license, description	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.
Visionary Private Equity Group I, LP [Member]
Related Party Transactions (Details) [Line Items]
Shares issued (in Shares)		1,880,267
Visionary Private Equity Group I, LP [Member] | Loan Agreement Amendment [Member] | Investor [Member]
Related Party Transactions (Details) [Line Items]
Amount borrowed from related party		$ 1,410,200
Visionary Private Equity Group I, LP [Member] | Issue of Warrants [Member] | Investor [Member]
Related Party Transactions (Details) [Line Items]
Warrant exercise price (in Dollars per share)		$ 0.75
Stock price (in Dollars per share)		$ 0.75
Share based compensation		$ 11,281,602
Visionary Private Equity Group I, LP [Member] | Debt Agreement [Member] | Investor [Member]
Related Party Transactions (Details) [Line Items]
Maximum borrowing capacity		$ 2,000,000
Original issue debt discount percentage		10.00%
Debt conversion price (in Dollars per share)		$ 0.75
Armacor [Member] | Private Placement [Member]
Related Party Transactions (Details) [Line Items]
Sale of stock, consideration receivable on transaction			$ 5,000,000
Cash contribution for shares			$ 255,000
Armacor [Member] | Series B Preferred Stock [Member] | Private Placement [Member]
Related Party Transactions (Details) [Line Items]
Shares issued in sale (in Shares)			800,000

Segment and Geographic Inform_3

Segment and Geographic Information and Revenue Disaggregation (Details)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Number of reportable segment	1
Number of geographical area	1

Segment and Geographic Inform_4

Segment and Geographic Information and Revenue Disaggregation (Details) - Schedule of financial statements information - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segment and Geographic Information and Revenue Disaggregation (Details) - Schedule of financial statements information [Line Items]
Total annual revenues	$ 851,393	$ 2,204,104
More Than Five Percent [Member]
Segment and Geographic Information and Revenue Disaggregation (Details) - Schedule of financial statements information [Line Items]
Total annual revenues	750,734	1,310,206
Less Than Five Percent [Member]
Segment and Geographic Information and Revenue Disaggregation (Details) - Schedule of financial statements information [Line Items]
Total annual revenues	$ 100,659	$ 893,898

Net Loss Per Share (Details)

Net Loss Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Potentially dilutive shares	2,986,999	3,063,778

Net Loss Per Share (Details) -

Net Loss Per Share (Details) - Schedule of computation of net loss per common share – basic and diluted - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net loss (in Dollars)	$ (953,858)	$ (3,530,835)
Denominator
Basic weighted average common shares outstanding	28,037,713	28,037,713
Effect of dilutive securities
Diluted weighted average common shares outstanding	28,037,713	28,037,713
Net loss per common share
Basic and diluted (in Dollars per share)	$ (0.03)	$ (0.13)

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Contributions to the pro tech hardbanding	$ 11,293	$ 15,402

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Aug. 06, 2021	Aug. 20, 2020	Dec. 31, 2020	Sep. 03, 2021	Feb. 01, 2021	Jan. 31, 2021	Oct. 30, 2020
Subsequent Events (Details) [Line Items]
Increase the loan amount							$ 3,000,000
Percentage of interest accrues on the outstanding principal			1.00%
Term of PPP2 Note			5 years
January 1, 2020 through August 20, 2021 [Member]
Subsequent Events (Details) [Line Items]
Additional loan proceeds		$ 1,380,876
Paycheck Protection Program Loan [Member]
Subsequent Events (Details) [Line Items]
Unsecured loan principal amount					$ 98,622
VPEG [Member] | Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Increase the loan amount				$ 4,000,000		$ 3,500,000
Forecast [Member]
Subsequent Events (Details) [Line Items]
Forgiven amount	$ 168,800
Unsecured loan principal amount					$ 98,622