PEDEVCO Corp. is an oil and gas exploration, development, and production company primarily in the United States, focusing on onshore assets.

# PEDEVCO Corp. Company Summary

**Company Name:** PEDEVCO Corp.  
**Incorporation:** Texas  
**Stock Symbol:** PED (NYSE American)  
**Address:** 575 N. Dairy Ashford, Suite 210, Houston, Texas 77079  
**Phone:** (713) 221-1768

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## Business Focus
PEDEVCO Corp. is an oil and gas company engaged in the exploration, development, and production of oil and natural gas resources, primarily in the United States. The company operates focusing on onshore oil and gas assets, with involvement in various exploration and production activities.

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## Key Details and Disclosures
- **Number of Employees:** Not specified in the provided document.
- **Number of Customers:** Not specified.
- **Revenue & Income:** Not disclosed in the excerpt provided.
- **Market Value (as of June 30, 2024):** The market value of voting and non-voting common equity held by non-affiliates was approximately `$0`, based on the closing stock price of `$0.9046` on June 28, 2024.
- **Stock Outstanding:** As of March 28, 2025, shares of common stock with a par value of $0.001 per share were outstanding.
- **Business Scope:** The company is involved in oil exploration and production, focusing on domestic U.S. operations with an emphasis on onshore assets.

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## Management and Governance
- **Chairman:** Dr. Simon G. Kukes, with over 40 years of experience in the oil industry, serves as the Executive Chairman.
- **CEO and President:** J. Douglas Schick, with over 25 years of industry experience, serves as President and CEO.
- **Other Key Officers:** Include the Chief Accounting Officer, Chief Commercial Officer, and General Counsel.
- **Board Composition:** Includes experienced industry leaders such as Dr. Kukes, Mr. Schick, and other independent directors.

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## Additional Notes
- The company is classified as a **smaller reporting company** and an **emerging growth company**.
- **Financials** are not detailed in this document; this is an amendment strictly related to XBRL tagging and does not alter previous disclosures.
- The document confirms it is not a shell company and adheres to SEC and NYSE American governance standards.

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**Note:** The provided excerpt does not include specific financial figures such as revenue, net income, number of customers, or employees. It primarily provides governance, strategic structuring, and high-level company information.

ped_10qa.htm





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K/A
(Amendment No. 1)
(Mark One)


☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
--+-------------------------------------------------------------------------------------


For the fiscal year ended December 31, 2023


☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
--+-----------------------------------------------------------------------------------------


For the transition period from ________________ to ____________

Commission file number: 001-35922

PEDEVCO Corp. 
------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)



Texas | 22-3755993 
---------------------------------------------------------------+-------------------------------------
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.)



575 N. Dairy Ashford, Suite 210, Houston, Texas | 77079 
------------------------------------------------+-----------
(Address of Principal Executive Offices) | (Zip Code)


Registrant’s Telephone Number, Including Area Code: (713) 221-1768

Securities registered pursuant to Section 12(b) of the Act:


Title of each class | Trading Symbols(s) | Name of each exchange on which registered
-----------------------------------------+--------------------+------------------------------------------
Common Stock, $0.001 Par Value Per Share | PED | NYSE American 


Securities registered pursuant to Section 12(g) of the Act:

None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐   No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes ☐   No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒   No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer | ☐ | Accelerated filer | ☐
------------------------+---+---------------------------+--
Non-accelerated filer | ☒ | Smaller reporting company | ☒
 | | Emerging growth company | ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.   ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.   ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).   ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes ☐   No ☒

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of June 30, 2023 (the last trading day of the registrant’s most recently completed second fiscal quarter), based upon the closing price reported on such date was approximately $22,883,897. For purposes of calculating the aggregate market value of shares held by non-affiliates, we have assumed that all outstanding shares are held by non-affiliates, except for shares held by each of our executive officers, directors and 5% or greater stockholders. In the case of 5% or greater stockholders, we have not deemed such stockholders to be affiliates unless there are facts and circumstances which would indicate that such stockholders exercise any control over our company, or unless they hold 10% or more of our outstanding common stock. These assumptions should not be deemed to constitute an admission that all executive officers, directors and 5% or greater stockholders are, in fact, affiliates of our company, or that there are not other persons who may be deemed to be affiliates of our company.

As of March 15, 2024, 89,355,267 shares of the registrant’s common stock, $0.001 par value per share, were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

None.






EXPLANATORY NOTE

This Amendment No. 1 to Form 10-K (this “Amendment”) amends the Annual Report on Form 10‑K of PEDEVCO Corp. (the “Company”) for the year ended December 31, 2023, originally filed with the Securities and Exchange Commission (the “SEC”) on March 18, 2024 (the “Original Form 10-K”).  This Amendment is being filed solely to replace the consent of Marcum LLP (the “Consent”) previously filed as Exhibit 23.1 to the Original Form 10-K. Due to an administrative error, an incorrect version of the Consent was inadvertently included in the Original Form 10-K. The Company possessed a correct, manually signed copy of the Consent when the Original Form 10-K was filed with the SEC. Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), this Amendment also contains new certifications pursuant to Sections 302 of the Sarbanes-Oxley Act of 2002, which are attached hereto. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K under the Exchange Act, paragraphs 3, 4 and 5 of the certifications have been omitted. Except as set forth in this Amendment, no other changes have been made to the Original Form 10‑K. The Original Form 10-K has not been amended or updated to reflect events occurring after March 18, 2024, except as specifically set forth in this Amendment.


2


Part IV 

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES. 

(a) The following documents are filed as part of this report: 

(3) Exhibits: The exhibits listed in the following index are filed as a part of this Annual Report on Form 10-K/A. 


 | | | Incorporated by Reference
--------------+---------------------------------------------------------------------------------------------------------------------------------+---------------+--------------------------
ExhibitNumber | Exhibit Description | FiledHerewith | Form | FileNumber | Exhibit | FilingDate
23.1 | Consent of Marcum LLP | x | | | | 
31.1 | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | x | | | | 
31.2 | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | x | | | | 
104 | Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document contained in Exhibit 101 | | | | | 



3


SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 


 | PEDEVCO Corp. 
-------------------------+-------------------------------------------------------------------
Date: September 10, 2024 | /s/ Dr. Simon G. Kukes 
 | Dr. Simon G. Kukes 
 | Chief Executive Officer and Director (Principal Executive Officer)



4




PEDEVCO Corp. is a public energy company focused on the acquisition, exploration, and production of oil and natural gas, primarily in the Permian Basin of Texas.

## PEDEVCO Corp. Overview

PEDEVCO Corp. is a publicly traded energy company primarily engaged in the acquisition, exploration, and production of oil and natural gas in the United States. The company operates primarily in the Permian Basin and is involved in the development of high-quality, conventional and unconventional oil and gas properties.

### Operations
- **Core Business**: PEDEVCO focuses on the acquisition, development, and production of oil and natural gas resources.
- **Key Regions**: The company primarily operates in the **Permian Basin** of Texas, one of the most prolific oil-producing regions in the United States.
- **Production Strategy**: PEDEVCO employs modern technologies to optimize production and enhance efficiency in extracting oil and gas. 

### Financial Highlights
- **Revenue**: For the fiscal year 2023, PEDEVCO reported revenues which are available in their financial statements. Specific figures will depend on the financial results which can vary year by year.
- **Income**: The company may report net income or losses depending on its operational efficiency, commodity prices, and other economic factors.
  
### Company Size
- **Employees**: While specific employee counts can vary, PEDEVCO is classified as a smaller reporting company, indicating a smaller scale of operations compared to larger competitors in the industry.
  
### Customers
- **Customer Base**: PEDEVCO's customers primarily include refineries, oil marketers, and other related entities that require oil and natural gas products. The specifics regarding the number of customers are not typically disclosed in detail.

### Market Position
- **Trading Symbol**: The company is publicly traded on the **NYSE American** under the ticker symbol **PED**.
- **Market Capitalization**: As of June 30, 2023, the aggregate market value of the voting and non-voting common equity held by non-affiliates was approximately **$22.88 million**.

### Compliance and Reporting
- PEDEVCO Corp. complies with the regulations set by the Securities and Exchange Commission (SEC) and files various reports including annual reports, quarterly reports, and other necessary disclosures.

### Summary
PEDEVCO Corp. operates in the energy sector with a strong focus on oil and gas resource development in the Permian Basin. It aims to leverage advanced technologies and strategic acquisitions to enhance its production capabilities and financial performance.

PEDEVCO CORP

10-K / May 12, 2025

10-K / September 10, 2024

10-K / May 12, 2025

PEDEVCO Corp. Company Summary

Business Focus

Key Details and Disclosures

Management and Governance

Additional Notes