Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 2257

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 2257
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 years, (3) expected volatility of 113% based on the trading history of the Company, and (4) zero expected dividends. During the period ended December 31, 2023, 315,333 options expired unexercised. During the year ended December 31, 2024 and 2023, the Company recognized stock option-based compensation expense related to options of $278,000 and $422,000, respectively. The remaining amount of unamortized stock options expense at December 31, 2024 and 2023 was $194,000 and $210,000, respectively. There was no intrinsic value of outstanding and exercisable options at December 31, 2024 and 2023, respectively. Option activity during the years ended December 31, 2024 and 2023 was:   2024  2023   Number of Stock Options    Weighted Average Grant Price   Weighted Average Remaining Contract Term (Years)   Number of Stock Options    Weighted Average Grant Price   Weighted Average Remaining Contract Term (Years)  Outstanding at Beginning of Period   1,632,334  $1.28   2.8   1,407,667  $1.51   2.7  Granted   460,000   0.68       540,000   1.09      Expired/Canceled   (256,667)  1.30       (315,333)  1.99      Outstanding at End of Period   1,835,667  $1.12   2.4   1,632,334  $1.28   2.8  Exercisable at End of Period   935,667  $1.35   1.4   665,667  $1.45   1.9 

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NOTE 13 – EARNINGS PER COMMON SHARE  Earnings per common share-basic is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Net income 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