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8. EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

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	)