Company: PED
Filing Date: 2025-10-29
Form Type: 10-K/A
Source: 0001654954-25-012328
Chunk: 162

Company: PEDEVCO CORP
Filing Date: 2025-10-29
Form: 10-K/A
Chunk 162
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|-----:|:----|:-------------------------------------------------|----:|
| 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 |

| 112 |

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 potentially dilutive securities. Net income per common share-diluted considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares, as defined above, would have an anti-dilutive effect.

The calculation of earnings per share for the years ended December 31, 2024 and December 31, 2023 were