Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 2

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
   -                  Net (loss) income $(1,676) $2,681  $(1,536) $3,454                  Income (loss) per common share:                Basic $(0.02) $0.03  $(0.02) $0.04 Diluted $(0.02) $0.03  $(0.02) $0.04                  Weighted average number of common shares outstanding:                Basic  91,403,552   89,326,805   91,137,310   89,040,322 Diluted  91,403,552   89,326,805   91,137,310   89,040,322 

See accompanying notes to unaudited consolidated financial statements.

 5Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(amounts in thousands)

  Six Months Ended June 30,    2025  2024 Cash Flows From Operating Activities:      Net (loss) income $(1,536) $3,454 Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation, depletion, amortization and accretion  7,203   7,727 Impairment of oil and gas properties  742   - Note receivable-credit loss  1,378   - Amortization of right-of-use asset  75   55 Share-based compensation expense  949   937 Disposition of escrow cash account  -   (50)Deferred income taxes  (414)  - Gain on sale of oil and gas properties, net  (1,021)  - Gain on disposal of fixed asset  -   (12)Changes in operating assets and liabilities:        Accounts receivable – oil and gas  (672)  (2,837)Note receivable accrued interest  (41)  (53)Prepaid expenses and other current assets  349   125 Accounts payable  (2,224)  (359)Accrued expenses  (481)  (6,613