Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 3

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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)Revenue payable  1,201   (2,079)Net cash provided by operating activities  5,508   295          Cash Flows From Investing Activities:        Cash paid for drilling and completion costs  (3,675)  (12,290)Cash received for sale of oil and gas properties  2,635   - Cash received for sale of vehicle  -   12 Cash paid for vehicle  -   (55)Net cash used in investing activities  (1,040)  (12,333)         Cash Flows From Financing Activities:        Proceeds from issuance of shares, net of offering costs  139   - Net cash provided by investing activities  139   -          Net increase (decrease) in cash and restricted cash  4,607   (12,038)Cash and restricted cash at beginning of period  6,607   20,715 Cash and restricted cash at end of period $11,214  $8,677          Supplemental Disclosure of Cash Flow Information        Noncash investing and financing activities:        Change in accrued oil and gas development costs $(4,780) $5,067 Changes in estimates of asset retirement costs, net $119  $145 Issuance of restricted common stock $3  $2 

See accompanying notes to unaudited consolidated financial statements.

 6Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

(amounts in thousands, except share amounts)

  Common Stock  Additional Paid-in   Accumulated       Shares  Amount  Capital  Deficit  Total Balances at December 31, 2024  89,495,267  $89  $227,013  $(106,002) $121,100 Issuance of restricted common stock   1,844,118   2   (2)  -   - Share-based compensation  -   -   475   -   475 Net income  -   -   -