2023 Q4 Form 10-Q Financial Statement
#000165495423014022 Filed on November 09, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
Revenue | $6.742M | $7.330M |
YoY Change | 13.79% | -1.9% |
Cost Of Revenue | $2.291M | $2.250M |
YoY Change | -1.29% | -22.89% |
Gross Profit | $4.451M | $5.090M |
YoY Change | 23.5% | 11.77% |
Gross Profit Margin | 66.02% | 69.44% |
Selling, General & Admin | $1.890M | $1.297M |
YoY Change | 8.25% | 6.31% |
% of Gross Profit | 42.46% | 25.48% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $2.465M | $2.930M |
YoY Change | -47.84% | 26.68% |
% of Gross Profit | 55.38% | 57.56% |
Operating Expenses | $4.354M | $6.474M |
YoY Change | -32.73% | 0.36% |
Operating Profit | $97.00K | $856.0K |
YoY Change | -103.38% | -16.16% |
Interest Expense | $150.0K | $90.00K |
YoY Change | 94.81% | |
% of Operating Profit | 154.64% | 10.51% |
Other Income/Expense, Net | $0.00 | $93.00K |
YoY Change | -100.0% | 60.34% |
Pretax Income | -$4.021M | $950.0K |
YoY Change | 44.43% | -11.96% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$4.021M | $949.0K |
YoY Change | 44.43% | -12.05% |
Net Earnings / Revenue | -59.64% | 12.95% |
Basic Earnings Per Share | $0.01 | |
Diluted Earnings Per Share | -$0.05 | $0.01 |
COMMON SHARES | ||
Basic Shares Outstanding | 87.25M shares | 87.04M shares |
Diluted Shares Outstanding | 87.11M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $18.52M | $13.20M |
YoY Change | -37.09% | -51.76% |
Cash & Equivalents | $20.72M | $13.20M |
Short-Term Investments | ||
Other Short-Term Assets | $260.0K | $300.0K |
YoY Change | 4.42% | -5.06% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $5.790M | $5.600M |
Other Receivables | $42.00K | $0.00 |
Total Short-Term Assets | $24.61M | $19.16M |
YoY Change | -23.36% | -36.9% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $91.91M | $87.90M |
YoY Change | 14.57% | 24.88% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.443M | $3.803M |
YoY Change | -35.42% | 2.18% |
Total Long-Term Assets | $95.45M | $91.73M |
YoY Change | 13.63% | 23.77% |
TOTAL ASSETS | ||
Total Short-Term Assets | $24.61M | $19.16M |
Total Long-Term Assets | $95.45M | $91.73M |
Total Assets | $120.1M | $110.9M |
YoY Change | 3.4% | 6.14% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $6.580M | $1.054M |
YoY Change | 322.88% | 46.59% |
Accrued Expenses | $8.712M | $2.354M |
YoY Change | -37.03% | 29.34% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $18.90M | $5.347M |
YoY Change | 11.42% | 46.25% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $2.393M | $3.200M |
YoY Change | -11.01% | 53.85% |
Total Long-Term Liabilities | $2.393M | $3.200M |
YoY Change | -11.01% | 53.85% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $18.90M | $5.347M |
Total Long-Term Liabilities | $2.393M | $3.200M |
Total Liabilities | $21.29M | $8.593M |
YoY Change | 8.35% | 49.81% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$126.5M | -$122.5M |
YoY Change | -0.21% | -1.21% |
Common Stock | $87.00K | $87.00K |
YoY Change | 1.16% | 1.16% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $98.77M | $102.3M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $120.1M | $110.9M |
YoY Change | 3.4% | 6.14% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$4.021M | $949.0K |
YoY Change | 44.43% | -12.05% |
Depreciation, Depletion And Amortization | $2.465M | $2.930M |
YoY Change | -47.84% | 26.68% |
Cash From Operating Activities | $12.05M | $3.060M |
YoY Change | 303.45% | -47.81% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $6.966M | $2.690M |
YoY Change | 730.27% | -296.93% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$1.127M | $380.0K |
YoY Change | 7950.0% | |
Cash From Investing Activities | -$8.083M | -$2.320M |
YoY Change | 847.6% | 69.84% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 0.000 | 0.000 |
YoY Change | -100.0% | |
NET CHANGE | ||
Cash From Operating Activities | 12.05M | 3.060M |
Cash From Investing Activities | -8.083M | -2.320M |
Cash From Financing Activities | 0.000 | 0.000 |
Net Change In Cash | 3.968M | 740.0K |
YoY Change | 87.26% | -83.54% |
FREE CASH FLOW | ||
Cash From Operating Activities | $12.05M | $3.060M |
Capital Expenditures | $6.966M | $2.690M |
Free Cash Flow | $5.085M | $370.0K |
YoY Change | 136.73% | -94.88% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q3 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
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Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
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CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
337000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
71000 | usd |
CY2023Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
3803000 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
110883000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
7540000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
8076000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1546000 | usd | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
24042000 | usd | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
24109000 | usd | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.07 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
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0001141197 | ||
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Amendment Flag
AmendmentFlag
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false | ||
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Current Fiscal Year End Date
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--12-31 | ||
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Document Fiscal Period Focus
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Q3 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
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2023 | ||
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
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CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
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Common Stock Shares Outstanding
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Document Type
DocumentType
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10-Q | ||
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Document Quarterly Report
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true | ||
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Document Period End Date
DocumentPeriodEndDate
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2023-09-30 | ||
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Document Transition Report
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|
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Entity File Number
EntityFileNumber
|
001-35922 | ||
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Entity Registrant Name
EntityRegistrantName
|
PEDEVCO Corp. | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
TX | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
22-3755993 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
575 N. Dairy Ashford | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
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Suite 210 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Houston | ||
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Entity Address State Or Province
EntityAddressStateOrProvince
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TX | ||
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EntityAddressPostalZipCode
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77079 | ||
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City Area Code
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713 | ||
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Local Phone Number
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221-1768 | ||
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|
Common Stock, $0.001 par value per share | ||
dei |
Trading Symbol
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|
PED | ||
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Security Exchange Name
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NYSE | ||
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Entity Current Reporting Status
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Yes | ||
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Entity Interactive Data Current
EntityInteractiveDataCurrent
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
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Oil And Gas Producing Properties Of Rate Regulated Companies Unamortized Cost
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Oil And Gas Producing Properties Of Rate Regulated Companies Unamortized Cost
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Mineral Properties Net
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CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
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CY2023Q3 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2022Q4 | us-gaap |
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Common Stock Par Or Stated Value Per Share
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0.001 | |
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CY2022Q3 | us-gaap |
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us-gaap |
Depreciation And Amortization
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Depreciation And Amortization
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Operating Expenses
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Other Income
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Other Income
OtherIncome
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Other Income
OtherIncome
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Depreciation Depletion And Amortization
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us-gaap |
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Operating Lease Right Of Use Asset Amortization Expense
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Share Based Compensation
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Increase Decrease In Accounts Payable
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Increase Decrease In Accrued Liabilities
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us-gaap |
Increase Decrease In Accrued Liabilities
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Increase Decrease Revenue Payable
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-62000 | usd | |
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Increase Decrease Revenue Payable
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58000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11425000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12994000 | usd | |
ped |
Drilling And Completion Costs Payment
DrillingAndCompletionCostsPayment
|
-27985000 | usd | |
ped |
Drilling And Completion Costs Payment
DrillingAndCompletionCostsPayment
|
-11413000 | usd | |
us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
366000 | usd | |
us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
0 | usd | |
us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
9000 | usd | |
us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
0 | usd | |
ped |
Payment For Cash Paid For Vehicle
PaymentForCashPaidForVehicle
|
45000 | usd | |
ped |
Payment For Cash Paid For Vehicle
PaymentForCashPaidForVehicle
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-27655000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11413000 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
50000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
50000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-16230000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1631000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
32977000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29227000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16747000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30858000 | usd |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
ped |
Accrued Oil And Gas Development Costs
AccruedOilAndGasDevelopmentCosts
|
12558000 | usd | |
ped |
Accrued Oil And Gas Development Costs
AccruedOilAndGasDevelopmentCosts
|
1791000 | usd | |
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
131000 | usd | |
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
158000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2000 | usd | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96459000 | usd |
CY2023Q1 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
518000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1762000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
98739000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
517000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1574000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
100830000 | usd |
CY2023Q3 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
511000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
102290000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
91483000 | usd |
CY2022Q1 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
563000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1339000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
93385000 | usd |
CY2022Q2 | ped |
Sale Of Common Stock To Non Affiliate Amount
SaleOfCommonStockToNonAffiliateAmount
|
50000 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
537000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3210000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
97182000 | usd |
CY2022Q3 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
472000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1079000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
98733000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
7330000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
7472000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13200000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
29430000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
3547000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
3547000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
16747000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
32977000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
176253000 | usd |
CY2023Q3 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
186108000 | usd |
CY2022Q4 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
775000 | usd |
CY2023Q3 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
5981000 | usd |
CY2022Q4 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
1407000 | usd |
CY2023Q3 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
1538000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
98288000 | usd |
CY2023Q3 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
106041000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
80147000 | usd |
CY2023Q3 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
87586000 | usd |
us-gaap |
Cost Depletion
CostDepletion
|
9985000 | usd | |
ped |
Description Of Additional Acquired
DescriptionOfAdditionalAcquired
|
The Company also acquired approximately 282 net mineral acres, and 6,305 net lease acres | ||
CY2023Q3 | ped |
Cost Of Due Deligence
CostOfDueDeligence
|
493000 | usd |
CY2022Q4 | ped |
Cost Of Due Deligence
CostOfDueDeligence
|
4946000 | usd |
CY2023Q3 | us-gaap |
Development Costs
DevelopmentCosts
|
16000 | usd |
CY2023Q3 | ped |
Proceeds From Net
ProceedsFromNet
|
366000 | usd |
CY2023Q3 | ped |
Description Of Additional Acquired
DescriptionOfAdditionalAcquired
|
Evolution acquired a 50% working interest share in existing leases, covering the initial two Development Blocks (which equals Evolution’s share of the acreage portion for nine drilling locations therein), and upon completion of the wells in each Development Block, Evolution will have the right, but not the obligation, to acquire a 50% working interest | |
CY2023Q3 | us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.50 | pure |
CY2023Q3 | us-gaap |
Depletion
Depletion
|
2616000 | usd |
CY2022Q3 | us-gaap |
Depletion
Depletion
|
2084000 | usd |
us-gaap |
Depletion
Depletion
|
7753000 | usd | |
us-gaap |
Depletion
Depletion
|
5956000 | usd | |
ped |
Asset Retirement Obligations
AssetRetirementObligations
|
3161000 | usd | |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
642000 | usd | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
42000 | usd | |
ped |
Changes In Estimates Net Value
ChangesInEstimatesNetValue
|
131000 | usd | |
ped |
Asset Retirement Obligations Ending
AssetRetirementObligationsEnding
|
3892000 | usd | |
CY2022Q4 | ped |
Settlement Cureent Asset Retirement
SettlementCureentAssetRetirement
|
472000 | usd |
CY2023Q3 | ped |
Settlement Cureent Asset Retirement
SettlementCureentAssetRetirement
|
896000 | usd |
ped |
Office Space
OfficeSpace
|
5200 | sqft | |
ped |
Office Spaceleaseexpirationdate
OfficeSpaceleaseexpirationdate
|
2023-08-31 | ||
us-gaap |
Other Expenses
OtherExpenses
|
10000 | usd | |
us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2027-02-28 | ||
ped |
Lease Payments Description
LeasePaymentsDescription
|
The base monthly rent will be approximately $9,200 for the first 18 months and increase to approximately $9,500 thereafter. The Company paid both a security deposit and prepaid rent for $14,700, respectively | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
77000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
337000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
87000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
250000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
337000 | usd |
ped |
Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
|
P3Y4M24D | ||
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0790 | pure |
ped |
Supplemental Information Related To Operating Leasetabletextblock
SupplementalInformationRelatedToOperatingLeasetabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Remainder of 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">28</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">110</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2025</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">112</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">2026</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">115</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Thereafter</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">19</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total lease payments</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">384</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Less imputed interest</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(47</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total lease liability</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">337</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | ||
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
28000 | usd |
CY2023Q3 | ped |
Lessee Operating Lease Liability Payments Due Next One Months
LesseeOperatingLeaseLiabilityPaymentsDueNextOneMonths
|
110000 | usd |
CY2023Q3 | ped |
Lessee Operating Lease Liability Payments Due Next Two Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwoMonths
|
112000 | usd |
CY2023Q3 | ped |
Lessee Operating Lease Liability Payments Due Next Three Months
LesseeOperatingLeaseLiabilityPaymentsDueNextThreeMonths
|
115000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
19000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
384000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
47000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
337000 | usd |
us-gaap |
Other Commitments Description
OtherCommitmentsDescription
|
In the Permian Basin Asset, 32 acres are due to expire during the remainder of 2023 and 40 net acres expire thereafter (net to our direct ownership interest only) | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
1460000 | shares | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
1229000 | usd | |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
1211000 | usd |
CY2023Q3 | ped |
Intrinsic Value Of Outstanding And Exercisable
IntrinsicValueOfOutstandingAndExercisable
|
0 | usd |
ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Numbers
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumbers
|
1407667000 | shares | |
ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Weighted Average Exercise Price Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingWeightedAverageExercisePriceEnding
|
1.51 | ||
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P2Y8M12D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
540000000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.09 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
241666000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
2.14 | ||
ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumber
|
1706001000 | shares | |
ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingWeightedAverageExercisePrice
|
1.29 | ||
ped |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2a
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2a
|
P3Y | ||
ped |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Numbers
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumbers
|
739334000 | shares | |
ped |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrices
|
1.46 | ||
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P1Y10M24D | ||
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
949000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1079000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4285000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
5628000 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87108745 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85644180 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86958033 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85419689 | shares | |
CY2023Q3 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
CY2022Q3 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87108745 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85644180 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86958033 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85419689 | shares | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | ||
CY2023Q3 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1706001 | shares |
ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1456000 | shares | |
CY2022Q3 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1706001 | shares |
ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1456000 | shares |