Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1911

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1911
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(amounts in thousands, except share and per share data)

  December 31,   2024  2023 Assets    As Restated Current assets:      Cash and cash equivalents $4,010  $18,515 Accounts receivable – oil and gas  7,995   5,790 Note receivable, current  293   42 Prepaid expenses and other current assets  917   260 Total current assets  13,215   24,607          Oil and gas properties:        Oil and gas properties, subject to amortization, net  95,070   81,872 Oil and gas properties, not subject to amortization, net  8,442   12,407 Total oil and gas properties, net  103,512   94,279          Note receivable  933   1,099 Operating lease – right-of-use asset  224   316 Deferred income taxes  12,751   - Other assets  3,210   2,443 Total assets $133,845  $122,744          Liabilities and Shareholders’ Equity        Current liabilities:        Accounts payable $2,625  $6,580 Accrued expenses  2,255   8,712 Revenue payable  1,266   3,371 Operating lease liabilities – current  99   89 Asset retirement obligations – current  663   147 Total current liabilities  6,908   18,899          Long-term liabilities:        Operating lease liabilities, net of current portion  129   227 Asset retirement obligations, net of current portion  5,708   2,166 Total liabilities  12,745   21,292          Commitments and contingencies                 Shareholders’ equity:        Common stock, $0.001 par value, 200,000,000 shares authorized; 89,495,267 and 87,250,267 shares issued and outstanding, respectively  89   87 Additional paid-in capital  227,013   225,156 Accumulated deficit  (106,002)  (123,791)Total shareholders’ equity  121,100   101,