Company: PED
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005762
Chunk: 33

Company: PEDEVCO CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
PEDEVCO CORP.

CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except share and per share data)

  March 31, 2025  December 31,   (Unaudited)  2024 Assets      Current assets:      Cash and cash equivalents $10,413  $4,010 Note receivable, current  498   293 Accounts receivable – oil and gas  11,848   7,995 Prepaid expenses and other current assets  836   917 Total current assets  23,595   13,215          Oil and gas properties:        Oil and gas properties, subject to amortization, net  93,556   95,070 Oil and gas properties, not subject to amortization, net  11,421   8,442 Total oil and gas properties, net  104,977   103,512          Note receivable  769   933 Operating lease – right-of-use asset  200   224 Deferred income taxes  12,675   12,751 Other assets  3,359   3,210 Total assets $145,575  $133,845          Liabilities and Shareholders’ Equity        Current liabilities:        Accounts payable $3,526  $2,625 Accrued expenses  9,176   2,255 Revenue payable  3,432   1,266 Operating lease liabilities – current  101   99 Asset retirement obligations – current  674   663 Total current liabilities  16,909   6,908          Long-term liabilities:        Operating lease liabilities, net of current portion  102   129 Asset retirement obligations, net of current portion  6,849   5,708 Total liabilities  23,860   12,745          Commitments and contingencies                 Shareholders’ equity:        Common stock, $0.001 par value, 200,000,000 shares authorized; 91,339,385 and 89,355,267 shares issued and outstanding, respectively  91   89 Additional paid-in capital  227,486   227,013 Accumulated deficit  (105,