The following tables summarize the purchase price and allocation of the purchase price to the net assets acquired (in thousands):

Purchase price on February 23, 2015
Fair value of common stock issued	$	2,734
Fair value of Series A Preferred stock issued		28,402
Assumption of subordinated notes payable		8,353
Kazakhstan option issued		5,000
Total purchase price	$	44,489

Fair value of net assets at February 23, 2015
Accounts receivable – oil and gas	$	1,578
Oil and gas properties, subject to amortization		43,562
Prepaid expenses and other assets		100
Total assets		45,240

Accounts payable		(664)
Asset retirement obligations		(87)
Total liabilities		(751)
Net assets acquired	$	44,489

Summary of pro forma sale

The following table presents the Company’s supplemental consolidated pro forma total revenues, lease operating costs, net income (loss) and net loss per common share as if the D-J Basin Acquisition completed in February 2015 had occurred on January 1, 2015 and the acquisition of D-J Basin Assets completed in March 2014 from Continental and simultaneous dispositions had occurred on January 1, 2014 (in thousands, except per share amounts).

	For the Nine Months Ended
	September 30, 2015

	PEDEVCO			Net Acquisitions/Dispositions			Combined
Revenue	$	4,593		$	780		$	5,373
Lease operating costs	$	(1,434	)	$	(275	)	$	(1,709	)
Net income (loss)	$	(15,081	)	$	505		$	(14,576	)
Net income (loss) per common share	$	(0.37	)	$	0.01		$	(0.36	)

	For the Nine Months Ended
	September 30, 2014

	PEDEVCO				Net Acquisitions/Dispositions				Combined
Revenue		$	4,192			$	1,401			$	5,593
Lease operating costs		$	(1,367	)		$	(1,288	)		$	(2,655	)
Net income (loss)		$	(22,169	)		$	113			$	(22,056	)
Net loss per common share		$	(0.81	)		$	0.00			$	(0.81	)