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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