Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 71

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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ITEM 1. FINANCIAL STATEMENTS

PEDEVCO CORP.

CONSOLIDATED BALANCE SHEETS

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

Assets September 30, 2025 (Unaudited)  December 31, 2024(Restated) Current assets:      Cash and cash equivalents $10,922  $4,010 Note receivable, current  -   293 Accounts receivable – oil and gas  5,002   7,995 Prepaid expenses and other current assets  229   917 Total current assets  16,153   13,215          Oil and gas properties:        Oil and gas properties, subject to amortization, net  93,431   95,070 Oil and gas properties, not subject to amortization, net  14,400   8,442 Total oil and gas properties, net  107,831   103,512          Note receivable  -   933 Operating lease – right-of-use asset  256   224 Deferred income taxes  7,833   7,255 Other assets  3,815   3,210 Total assets $135,888  $128,349          Liabilities and Shareholders’ Equity        Current liabilities:        Accounts payable $10,295  $2,625 Accrued expenses  1,339   2,255 Revenue payable  2,208   1,266 Operating lease liabilities – current  178   99 Asset retirement obligations – current  616   663 Total current liabilities  14,636   6,908          Long-term liabilities:        Operating lease liabilities, net of current portion  79   129 Asset retirement obligations, net of current portion  5,805   5,708 Total liabilities  20,520   12,745          Commitments and contingencies                 Shareholders’ equity:        Common stock, $0.001 par value, 200,000,000 shares authorized; 92,519,352 and 89,495,267 shares issued and outstanding, respectively  93   89 Additional paid-in capital  228,634   227,013 Acc