Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 7

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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NOTE 4 – REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue from Contracts with Customers. The following table disaggregates revenue by significant product type in the periods indicated (in thousands):   Three Months Ended June 30,  Six Months Ended June 30,   2025  2024  2025  2024 Oil sales $6,180  $10,952  $13,254  $18,406 Natural gas sales  323   290   1,165   623 Natural gas liquids sales  469   569   1,289   898 Total oil and gas sales $6,972  $11,811  $15,708  $19,927  There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of June 30, 2025. 

NOTE 5 – CASH  The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the consolidated statements of cash flows (in thousands):    June 30, 2025  December 31, 2024 Cash  $8,467  $4,010 Restricted cash included in other assets*  2,747   2,597 Total cash and restricted cash $11,214  $6,607   * Increase in restricted cash is related to additional collateral for a surety bond required by the Colorado Bureau of Land Management with respect to the Company’s Colorado operations.

NOTE 6 – OIL AND GAS PROPERTIES The following table summarizes the Company’s oil and gas activities by classification for the six months ended June 30, 2025 (in thousands):   December 31, 2024*  Additions  Disposals  Transfers  June 30, 2025 Oil and gas properties, subject to amortization $210,039  $2,344  $- $5,561  $217,944 Oil and gas properties, not subject to amortization  14,738   6,111   (2,028)   (5,561)  13,260 Asset retirement costs  4,326   119   (91)