Company: PED
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005762
Chunk: 36

Company: PEDEVCO CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Unaudited)

(amounts in thousands, except share amounts)

  Common Stock  Additional Paid-in  Accumulated       Shares  Amount  Capital  Deficit  Totals Balances at December 31, 2024  89,495,267  $89  $227,013  $(106,002) $121,100 Issuance of restricted common stock   1,844,118   2   (2)  -   - Share-based compensation  -   -   475   -   475 Net income  -   -   -   140   140 Balances at March 31, 2025  91,339,385  $91  $227,486  $(105,862) $121,715 

  Common Stock  Additional Paid-in  Accumulated       Shares  Amount  Capital  Deficit  Totals Balances at December 31, 2023  87,250,267  $87  $225,156  $(126,477) $98,766 Issuance of restricted common stock   2,105,000   2   (2)  -   - Share-based compensation  -   -   475   -   475 Net income  -   -   -   773   773 Balances at March 31, 2024  89,355,267  $89  $225,629  $(125,704) $100,014 

See accompanying notes to unaudited consolidated financial statements.

 7Table of Contents

PEDEVCO CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 – BASIS OF PRESENTATION The accompanying interim unaudited consolidated financial statements of PEDEVCO Corp. (“PEDEVCO” or the “Company”), have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial