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5. OIL AND GAS PROPERTIES (Tables) | 12 Months Ended
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Dec. 31, 2016
Oil and gas interests |
|  | January 1, 2016 |  |  | Additions |  |  | Disposals |  |  | Transfers |  |  | December 31, 2016 |
Oil and gas properties subject to amortization |  | $ | 64,655 |  |  | $ | 3,651 |  |  | $ | - |  |  | $ | - |  |  | $ | 68,306 |
Oil and gas properties not subject to amortization |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Asset retirement costs |  |  | 137 |  |  |  | 26 |  |  |  | - |  |  |  | - |  |  |  | 163 |
Accumulated depreciation, depletion and impairment |  |  | (6,025 | ) |  |  | (5,049 | ) |  |  | - |  |  |  | - |  |  |  | (11,074 | )
Total oil and gas properties, net |  | $ | 58,767 |  |  | $ | (1,372 | ) |  | $ | - |  |  | $ | - |  |  | $ | 57,395 |
|  | January 1, 2015 |  |  | Additions |  |  | Disposals |  |  | Transfers |  |  | December 31, 2015 |
Oil and gas properties subject to amortization |  | $ | 24,057 |  |  | $ | 47,561 |  |  | $ | (7,252 | ) |  | $ | 289 |  |  | $ | 64,655 |
Oil and gas properties not subject to amortization |  |  | 8,159 |  |  |  | - |  |  |  | (7,870 | ) |  |  | (289 | ) |  |  | - |
Asset retirement costs |  |  | 76 |  |  |  | 63 |  |  |  | (2 | ) |  |  | - |  |  |  | 137 |
Accumulated depreciation, depletion and impairment |  |  | (10,237 | ) |  |  | (6,441 | ) |  |  | 10,653 |  |  |  | - |  |  |  | (6,025 | )
Total oil and gas properties, net |  | $ | 22,055 |  |  | $ | 41,183 |  |  | $ | (4,471 | ) |  | $ | - |  |  | $ | 58,767 |
Summary of Purchase Price |
|  | Assets Acquired |
Accounts receivable – oil and gas |  | $ | 793 |
Oil and gas properties, subject to amortization |  |  | 3,587 |
Total assets |  | $ | 4,380 |
|  | Liabilities Assumed |
Accounts payable |  | $ | (4,361 | )
Asset retirement obligation |  |  | (19 | )
Total liabilities |  |  | (4,380 | )
Net purchase price |  | $ | - |
Golden Globe Energy [Member] |
Summary of Purchase Price |
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 |
|  | For the Year Ended |
|  | December 31, 2015 |
|  | PEDEVCO |  |  | Net Acquisitions/Dispositions |  |  | Pro Forma Combined |
Revenue |  | $ | 5,326 |  |  | $ | 780 |  |  | $ | 6,106 |
Lease operating costs |  | $ | (1,830 | ) |  | $ | (275 | ) |  | $ | (2,105 | )
Net income (loss) |  | $ | (20,484 | ) |  | $ | 505 |  |  | $ | (19,979 | )
Net income (loss) per common share |  | $ | (0.49 | ) |  | $ | 0.01 |  |  | $ | (0.48 | )

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- Definition Tabular disclosure of actual developed and undeveloped gas and oil acreage in which the entity owns an interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1208 -Paragraph (b) + Details
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