Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1814

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1814
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4,095 Earnings per common share:            Basic  0.03   0.02   0.05 Diluted  0.03   0.02   0.05 

  As of December 31, 2022 CORRECTED CONSOLIDATED STATEMENTS OF CASH FLOWS As previously reported  Impact of Adjustment  As Restated Cash Flows From Operating Activities:         Net income $2,844   1,251  $4,095 Depreciation, depletion and amortization  11,153   (1,251)  9,902 

  (Accumulated Deficit) CORRECTED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY As previously reported  Impact of Adjustment  As Restated Balances at December 31, 2022 $(126,741) $1,251  $(125,490)Net income  264   1,435   1,699 Balances at December 31, 2023  (126,477)  2,686   (123,791)

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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,