XML 24 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue:    
Oil and gas sales $ 3,968 $ 5,326
Operating expenses:    
Lease operating costs 1,687 1,830
Exploration expense 231 701
Selling, general and administrative expense 3,912 6,962
Impairment of oil and gas properties 0 1,337
Depreciation, depletion, amortization and accretion 5,080 5,145
Gain on settlement of payables (1,282) 0
Total operating expenses 9,628 15,975
Gain on sale of oil and gas properties 0 526
Gain on sale of equity investment 0 566
Loss from equity method investments 0 (91)
Operating Loss (5,660) (9,648)
Other income (expense):    
Interest expense (13,959) (13,904)
Interest income 0 40
Gain on debt extinguishment 0 2,192
Total other expense (13,959) (11,672)
Net loss (19,619) (21,320)
Less: net loss attributable to non-controlling interests 0 (4)
Net loss attributable to PEDEVCO common shareholders $ (19,619) $ (21,316)
Net loss per common share:    
Basic and diluted $ (0.40) $ (0.51)
Weighted average number of common shares outstanding:    
Basic and diluted 48,860,252 41,533,800