Company: PED
Filing Date: 2025-10-29
Form Type: 10-K/A
Source: 0001654954-25-012328
Chunk: 152

Company: PEDEVCO CORP
Filing Date: 2025-10-29
Form: 10-K/A
Chunk 152
---
 December 31, 2024                                        |     | $                      | (106,022 | ) |     | $                    | (5,496 | ) |     | $           | (11,518 | ) |

| 104 |

NOTE 5 – CASH

The following table provides a reconciliation of cash and restricted cash reported within the balance sheets on December 31, 2024 and 2023, which sum to the total of such amounts shown in the accompanying consolidated statements of cash flows (in thousands):

|                                           |     |   |  2024 |     |   |   2023 |
|:------------------------------------------|:----|:--|------:|:----|:--|-------:|
| Cash                                      |     | $ | 4,010 |     | $ | 18,515 |
| Restricted cash included in other assets* |     |   | 2,597 |     |   |  2,200 |
| Total cash and restricted cash            |     | $ | 6,607 |     | $ | 20,715 |

* Increase in restricted cash is primarily related to additional collateral for surety bonds for the Company’s New Mexico operations, due to an updated assessment from the New Mexico Bureau of Land Management.

NOTE 6 – REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue from Contracts with Customers. The following table disaggregates revenue by significant product type for the years ended December 31, 2024 and 2023 (in thousands):

|                              |     |   |   2024 |     |   |   2023 |
|:-----------------------------|:----|:--|-------:|:----|:--|-------:|
| Oil sales                    |     | $ | 36,193 |     | $ | 27,925 |
| Natural gas sales            |     |   |  1,216 |     |   |  1,438 |
| Natural gas liquids sales    |     |   |  2,144 |     |   |  1,421 |
| Total revenue from customers |     | $ | 39,553 |     | $ | 30,784 |

There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of December 31, 2024 or 2023, respectively.

| 105 |

NOTE 7 – OIL AND GAS PROPERTIES

The following tables summarize the