Company: PED
Filing Date: 2025-10-31
Form Type: 10-K/A
Source: 0001654954-25-012381
Chunk: 143

Company: PEDEVCO CORP
Filing Date: 2025-10-31
Form: 10-K/A
Chunk 143
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 | ) |
| Cash received for security deposit                                                |     |              |       - |   |     |             |       9 |   |
| Net cash used in investing activities                                             |     |              | (26,874 | ) |     |             | (35,743 | ) |
| Net decrease in cash and restricted cash                                          |     |              | (14,108 | ) |     |             | (12,262 | ) |
| Cash and restricted cash at beginning of year                                     |     |              |  20,715 |   |     |             |  32,977 |   |
| Cash and restricted cash at end of year                                           |     | $            |   6,607 |   |     | $           |  20,715 |   |
| Supplemental Disclosure of Cash Flow Information                                  |     |              |         |   |     |             |         |   |
| Cash paid for:                                                                    |     |              |         |   |     |             |         |   |
| Interest                                                                          |     | $            |       - |   |     | $           |       - |   |
| Income taxes                                                                      |     | $            |       - |   |     | $           |       - |   |
| Noncash investing and financing activities:                                       |     |              |         |   |     |             |         |   |
| Change in accrued oil and gas development costs                                   |     | $            |   5,747 |   |     | $           |   7,674 |   |
| Change in estimates of asset retirement costs                                     |     | $            |   3,501 |   |     | $           |      39 |   |
| Issuance of restricted common stock                                               |     | $            |       2 |   |     | $           |       1 |   |

<div align='center'>See accompanying notes to consolidated financial statements.</div>

| 92 |

<div align='center'>PEDEVCO CORP.

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

For the Years Ended December 31, 2024 and 2023

(amounts in thousands, except share amounts)</div>

|                                     |     | Common Stock 
 Shares       |            |   |     | Amount |    |     | Additional Paid-in Capital |         |   |     | Accumulated Deficit 
 (As Restated)