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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Revenue: |  |  |  |
Oil and gas sales | $ 1,318 | $ 1,090 | $ 4,593 | $ 4,192
Operating expenses: |  |  |  |
Lease operating costs | 495 | 105 | 1,434 | 1,367
Exploration expense | 165 | 88 | 693 | 1,213
Selling, general and administrative expense | $ 1,389 | 2,198 | 5,672 | 6,207
Impairment of oil and gas properties |  | 322 | 1,337 | 354
Depreciation, depletion, amortization and accretion | $ 1,072 | $ 273 | $ 3,379 | 753
Loss on settlement of payables |  |  |  | 39
Total operating expenses | $ 3,121 | $ 2,986 | $ 12,515 | 9,933
Gain (Loss) on sale of oil and gas properties |  | $ (5) | 275 | (5,413)
Gain (loss) on sale of equity investment |  |  | $ 566 | (1,028)
Loss on sale of deposit for business acquisition |  |  |  | (1,945)
Loss from equity method investments |  | $ (46) | $ (91) | (463)
Operating loss | $ (1,803) | (1,947) | (7,172) | (14,590)
Other income (expense): |  |  |  |
Interest expense | $ (3,656) | (3,033) | (10,145) | (7,131)
Interest income |  | 75 | 40 | 207
Gain (loss) on debt extinguishment |  | (60) | 2,192 | (823)
Total other expense | $ (3,656) | (3,018) | (7,913) | (7,747)
Net loss | (5,459) | (4,965) | (15,085) | (22,337)
Less: Net loss attributable to noncontrolling interests | (4) | (161) | (4) | (168)
Net loss attributable to PEDEVCO common stockholders | $ (5,455) | $ (4,804) | $ (15,081) | $ (22,169)
Net loss per common share: |  |  |  |
Basic and diluted | $ (0.12) | $ (0.17) | $ (0.37) | $ (0.81)
Weighted average number of common shares outstanding: |  |  |  |
Basic and diluted | 44,390,161 | 29,081,197 | 40,302,489 | 27,334,655

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