Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 73

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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2,439)  6,369 Income tax benefit  164   -   578   -                  Net (loss) income $(325) $2,915  $(1,861) $6,369                  Earnings (loss) per common share:                Basic $(0.00) $0.03  $(0.02) $0.07 Diluted $(0.00) $0.03  $(0.02) $0.07                  Weighted average number of common shares outstanding:                Basic  92,161,635   89,428,310   91,482,504   89,147,092 Diluted  92,161,635   89,428,310   91,482,504   89,147,092 

See accompanying notes to unaudited consolidated financial statements. 

 5Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(amounts in thousands)

  Nine Months EndedSeptember 30,    2025  2024 Cash Flows From Operating Activities:      Net (loss) income $(1,861) $6,369 Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation, depletion, amortization and accretion  11,213   10,782 Impairment of oil and gas properties  907   - Note receivable – credit loss  1,378   - Amortization of right-of-use asset  122   83 Amortization of deferred financing costs  102  - Share-based compensation expense  1,486   1,401 Disposition of escrow cash account  -   50 Deferred income taxes  (578)  - Gain on sale of oil and gas properties, net  (1,021)  (735)Gain on disposal of fixed asset  -   (12)Changes in operating assets and liabilities:        Accounts receivable – oil and gas  2,882   467 Note receivable accrued interest  (41)  (78)Prepaid expenses and other