Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 0

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
PEDEVCO CORP.

CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except share and per share data)

Assets June 30, 2025 (Unaudited)  December 31, 2024 Current assets:      Cash and cash equivalents $8,467  $4,010 Note receivable, current  -   293 Accounts receivable – oil and gas  8,556   7,995 Prepaid expenses and other current assets  568   917 Total current assets  17,591   13,215          Oil and gas properties:        Oil and gas properties, subject to amortization, net  96,194   95,070 Oil and gas properties, not subject to amortization  6,223   8,442 Total oil and gas properties, net  102,417   103,512          Note receivable  -   933 Operating lease – right-of-use asset  299   224 Deferred income taxes  13,165   12,751 Other assets  3,346   3,210 Total assets $136,818  $133,845          Liabilities and Shareholders’ Equity        Current liabilities:        Accounts payable $5,782  $2,625 Accrued expenses  1,561   2,255 Revenue payable  2,467   1,266 Operating lease liabilities – current  174   99 Asset retirement obligations – current  580   663 Total current liabilities  10,564   6,908          Long-term liabilities:        Operating lease liabilities, net of current portion  125   129 Asset retirement obligations, net of current portion  5,477   5,708 Total liabilities  16,166   12,745          Commitments and contingencies                 Shareholders’ equity:        Common stock, $0.001 par value, 200,000,000 shares authorized; 91,829,352 and 89,355,267 shares issued and outstanding, respectively  92   89 Additional paid-in capital  228,098   227,013 Accumulated deficit  (107,538)  (106,002