Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 90

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 recipient’s continued service with the Company. The aggregate fair value of the options on the date of grant, using the Black-Scholes model, was $195,000. Variables used in the Black-Scholes option-pricing model for the options issued include: (1) a discount rate of 4.45% based on the applicable US Treasury bill rate, (2) expected term of 3.5 years, (3) expected volatility of 64.5% based on the trading history of the Company, and (4) zero expected dividends. During the three and nine months ended September 30, 2025 and 2024, the Company recognized stock option expense of $55,000 and $68,000 and $166,000 and $210,000, respectively. The remaining amount of unamortized stock options expense at September 30, 2025 was $155,000. The intrinsic value of outstanding and exercisable options at September 30, 2025 was $-0-. 

 15Table of Contents

Option activity during the nine months ended September 30, 2025, was:    Number ofStock Options  Weighted Average Exercise Price   Weighted Average Remaining ContractTerm (Years) Outstanding at December 31, 2024  1,835,667  $1.12   2.4 Granted  464,000  $0.85     Expired/Canceled  (215,667) $1.68     Outstanding at September 30, 2025   2,084,000  $1.00   2.5 Exercisable at September 30, 2025  1,156,666  $1.14   1.6 

NOTE 12 – EARNINGS (LOSS) PER COMMON SHARE  Earnings (loss) per common share-basic is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Net income (loss) per common share-diluted assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock, as defined above, outstanding plus potentially dilutive securities. Net income (loss) per common share-diluted considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion