Company: PED
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005762
Chunk: 39

Company: PEDEVCO CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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gregation of Revenue from Contracts with Customers. The following table disaggregates revenue by significant product type in the periods indicated (in thousands):   Three Months Ended March 31,   2025  2024 Oil sales $7,074  $7,454 Natural gas sales  842   333 Natural gas liquids sales  820   329 Total revenue from customers $8,736  $8,116  There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of March 31, 2025. 

NOTE 5 – CASH AND CASH EQUIVALENTS The following table provides a reconciliation of cash and restricted cash reported within the balance sheets, which sum to the total of such amounts in the periods indicated (in thousands):    March 31, 2025  December 31, 2024 Cash  $10,413  $4,010 Restricted cash included in other assets*  2,747   2,597 Total cash and cash equivalents and restricted cash $13,160  $6,607  * Increase in restricted cash is related to additional collateral under for a surety bond required by the Colorado Bureau of Land Management with respect to the Company’s Colorado operations.

NOTE 6 – OIL AND GAS PROPERTIES The following table summarizes the Company’s oil and gas activities by classification for the three months ended March 31, 2025 (in thousands):   Balance at December 31, 2024  Additions  Disposals  Transfers  Balance at March 31, 2025 Oil and gas properties, subject to amortization $210,039  $442  $(2,028) $-  $208,453 Oil and gas properties, not subject to amortization  8,442   5,238   -   -   13,680 Asset retirement costs  4,326   1,085   -   -   5,411 Accumulated depreciation, depletion and impairment  (119,295)  (3,272)  -   -   (122,567)Total oil and gas assets $103,512  $3,493  $(2,028) $-  $104,977