Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 790

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 790
---
 Price   Weighted Average Remaining Contract Term (Years)   Number of Stock Options    Weighted Average Grant Price   Weighted Average Remaining Contract Term (Years)  Outstanding at Beginning of Period   1,632,334  $1.28   2.8   1,407,667  $1.51   2.7  Granted   460,000   0.68       540,000   1.09      Expired/Canceled   (256,667)  1.30       (315,333)  1.99      Outstanding at End of Period   1,835,667  $1.12   2.4   1,632,334  $1.28   2.8  Exercisable at End of Period   935,667  $1.35   1.4   665,667  $1.45   1.9 

 107Table of Contents

NOTE 13 – 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 years ended December 31, 2024 and December 31, 2023 were as follows (amounts in thousands, except share and per share data):   2024  2023 Numerator:   (As Restated) Net income $17,789  $1,699          Denominator:        Weighted average common shares – basic  89,234,611   87,031,692          Dilutive effect of common stock equivalents:        Options   1,626   -          Denominator:        Weighted average common shares – diluted  89,