Company: PED
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005762
Chunk: 9

Company: PEDEVCO CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 amount of unamortized stock options expense at March 31, 2025 was $266,000.

 13Table of Contents

The intrinsic value of outstanding and exercisable options at March 31, 2025 was $3,500. Option activity during the three months ended March 31, 2025, was:     Number of Stock Options  Weighted Average Exercise Price   Weighted Average Remaining Contract Term (Years) Outstanding at December 31, 2024  1,835,667  $1.12   2.4 Granted  464,000  $0.85     Expired/Canceled  (215,667) $1.68     Outstanding at March 31, 2025   2,084,000  $1.00   3.0 Exercisable at March 31, 2025  1,156,666  $1.14   2.1 

NOTE 12 – EARNINGS PER COMMON SHARE  Earnings per common share-basic is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Net income per common share-diluted assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock, as defined above, outstanding plus potentially dilutive securities. Net income per common share-diluted considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares, as defined above, would have an anti-dilutive effect.  The calculation of earnings per share for the periods indicated below were as follows (amounts in thousands, except share and per share data): Numerator: March 31, 2025  March 31, 2024 Net income $140  $773          Effect of common stock equivalents  -   - Net income adjusted for common stock equivalents $140  $773          Denominator:        Weighted average common shares – basic  90,868,110   88,753,838          Dilutive effect of common stock equivalents:        Options  -   -          Denominator:        Weighted average common shares – diluted  90,868,110