Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 940

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 940
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 liabilities, net of current portion  129   227 Asset retirement obligations, net of current portion  5,708   2,166 Total liabilities  12,745   21,292          Commitments and contingencies                 Shareholders’ equity:        Common stock, $0.001 par value, 200,000,000 shares authorized; 89,495,267 and 87,250,267 shares issued and outstanding, respectively  89   87 Additional paid-in capital  227,013   225,156 Accumulated deficit  (106,002)  (123,791)Total shareholders’ equity  121,100   101,452 Total liabilities and shareholders’ equity $133,845  $122,744 

See accompanying notes to consolidated financial statements. 

 87Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

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

  December 31,   2024  2023 Revenue:   As Restated Oil and gas sales $39,553  $30,784          Operating expenses:        Lease operating costs  12,449   9,831 Selling, general and administrative expense  6,391   6,008 Depreciation, depletion, amortization and accretion  15,920   9,440 Total operating expenses  34,760   25,279          Loss on sale of oil and gas properties, net  (76)  (4,268)Operating income  4,717   1,237          Other income (Expense):        Interest income  351   422 Gain on sale of fixed asset  12   - Other (expense) income  (42)  40 Total other income   321   462 Income before income taxes  5,038   1,699 Income tax benefit  12,751   -          Net Income  $17,789  $1,699          Earnings per common share:        Basic $0.20  $0.02 Diluted $0.20  $0.02          Weighted average