Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1463

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 1463
---
 retirement costs $3,501  $39 Issuance of restricted common stock  $2  $1 

See accompanying notes to consolidated financial statements.

 89Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

For the Years Ended December 31, 2024 and 2023

(amounts in thousands, except share amounts) 

        Additional         Common Stock  Paid-in  Accumulated      Shares  Amount  Capital  Deficit  Totals         (As Restated)  (As Restated) Balances at December 31, 2022  85,790,267  $86  $223,114  $(125,490) $97,710 Issuance of restricted common stock  1,460,000   1   (1)  -   - Stock-based compensation  -   -   2,043   -   2,043 Net income  -   -   -   1,699   1,699 Balances at December 31, 2023  87,250,267   87   225,156   (123,791)  101,452 Issuance of restricted common stock  2,315,000   2   (2)  -   - Rescinded restricted common stock  (70,000)  -   -   -   - Stock-based compensation  -   -   1,859   -   1,859 Net income  -   -   -   17,789   17,789 Balances at December 31, 2024  89,495,267  $89  $227,013  $(106,002) $121,100 

See accompanying notes to consolidated financial statements. 

 90Table of Contents

PEDEVCO CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 – BASIS OF PRESENTATION The accompanying consolidated financial statements of PEDEVCO Corp. (“PEDEVCO” or the “Company”), have been prepared in accordance with accounting principles generally accepted in