Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 72

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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umulated deficit  (113,359)  (111,498)Total shareholders’ equity  115,368   115,604 Total liabilities and shareholders’ equity $135,888  $128,349 

See accompanying notes to unaudited consolidated financial statements.

 4Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

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

  Three Months Ended   Nine Months Ended    September 30,  September 30,   2025  2024  2025  2024 Revenue:            Oil and gas sales $6,961  $9,050  $22,669  $28,977                  Operating expenses:                Lease operating costs  2,095   2,556   8,305   8,635 Selling, general and administrative expense  1,525   1,343   4,815   4,221 Impairment of oil and gas properties  165   -   907   - Depreciation, depletion, amortization and accretion  4,010   3,055   11,213   10,782 Total operating expenses  7,795   6,954   25,240   23,638                  Gain on sale of oil and gas properties  -   735   1,021   735 Note receivable – credit loss  -   -   (1,378)  -                  Operating income (loss)  (834)  2,831   (2,928)  6,074                  Other income (expense), net:                Interest income  69   84   196   326 Interest expense  (102)  -   (102)  - Gain on sale of fixed asset  -   -   -   12 Other income (expense)  378   -   395   (43)Total other income   345   84   489   295 Income (loss) before income taxes  (489)  2,915   (