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8. EQUITY METHOD INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
Interest expense related to the PIK and Additional PIK |
Activity related to settlement |
|  | Items Received by PEDEVCO |
Extinguishment of accrued liabilities |  | $ | 3,280 |
Extinguishment of original debt with MIE net of cash payments of $100,000 |  |  | 6,070 |
Proceeds from cash payments made by MIE to RJ Credit and the Agent |  |  | 500 |
Total |  | $ | 9,850 |
|  | Items Received by MIEJ |
Issuance of new MIEJ note |  | $ | 4,925 |
Extinguishment of note receivable with Condor |  |  | 1,272 |
Historical cost of oil and gas property sold to Condor |  |  | 620 |
Total |  |  | 6,817 |
Net gain on settlement |  | $ | 3,033 |
Shedule of allocation of gain on settlement |
|  | Allocated Value |  |  | Historical Cost |  |  | Gain on Settlement |
Oil and gas properties |  | $ | 895 |  |  | $ | 620 |  |  | $ | 275 |
Investment in Condor |  |  | 1,838 |  |  |  | 1,272 |  |  |  | 566 |
Note payable – MIEJ |  |  | 7,117 |  |  |  | 4,925 |  |  |  | 2,192 |
Total |  | $ | 9,850 |  |  | $ | 6,817 |  |  | $ | 3,033 |
Condors financial information |
|  | For the Period from January 1-February 23, 2015 |
Revenue |  | $ | 108 |
Operating expenses |  |  | (368 | )
Operating income (loss) |  |  | (260 | )
Interest expense |  |  | (195 | )
Net loss |  | $ | (455 | )

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- Definition Custom Element. + References No definition available. + Details
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Balance Type: | na
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Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
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Namespace Prefix: | PEDO_
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Period Type: | duration

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- Definition Custom Element. + References No definition available. + Details
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Namespace Prefix: | PEDO_
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