Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1361

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 1361
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Total liabilities and shareholders’ equity  116,110   1,251   117,361 

  As of December 31, 2022 CORRECTED CONSOLIDATED STATEMENTS OF OPERATIONS As previously reported  Impact of Adjustment  As Restated Depreciation, depletion, amortization and accretion $11,153  $(1,251) $9,902 Total operating expenses  27,404   (1,251)  26,153 Operating (loss) income  2,630   1,251   3,881 Net Income  2,844   1,251   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