10-Q/A: PEDEVCO Corp. Files Amended Quarterly Report to Include XBRL Tagging
Quarterly Report Amendment
PEDEVCO Corp. files an amendment to its Form 10-Q for the quarter ended September 30, 2024, solely to include required XBRL tagging.
Summary
- PEDEVCO Corp. filed an amendment (No. 1) to its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024.
- The amendment was filed on May 9, 2025.
- The sole purpose of the amendment is to include certain required XBRL tagging under Part II, Item 5, 'Other Information'.
- The original Form 10-Q was filed on November 14, 2024.
- The amendment restates Part II, Item 5 of the original Form 10-Q to include the required XBRL tagging.
- New certifications from the principal executive officer and principal financial officer are filed as exhibits to the amendment.
- The amendment does not change or update any other disclosures from the original Form 10-Q and does not reflect events occurring after the original filing date.
- As of November 13, 2024, there were 89,495,267 shares of the Registrant's common stock outstanding.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the document is a routine amendment to correct a technical issue (XBRL tagging). It doesn't reflect any positive or negative business performance.
Positives
- The company is taking steps to comply with SEC regulations by including the required XBRL tagging.
Future Outlook
The amendment does not contain any forward-looking statements or guidance.
Management Comments
- J. Douglas Schick, President and Chief Executive Officer, and Paul A. Pinkston, Chief Accounting Officer, certified the report.
Industry Context
XBRL tagging is a standard requirement for SEC filings to improve data accessibility and comparability for investors and analysts.
Comparison to Industry Standards
- The inclusion of XBRL tagging is a standard practice for publicly traded companies in compliance with SEC regulations, similar to filings made by companies like ExxonMobil, Chevron, and ConocoPhillips.
- These companies also routinely file amended reports to correct errors or omissions, including XBRL tagging issues.
Stakeholder Impact
- The amendment ensures compliance with SEC regulations, which benefits shareholders by providing more accessible and comparable financial data.
Key Dates
| Date | Description |
|---|---|
| September 30, 2024 | End of the fiscal quarter for which the report is filed |
| November 13, 2024 | Date of outstanding shares calculation (89,495,267 shares) |
| November 14, 2024 | Filing date of the Original Form 10-Q |
| May 9, 2025 | Date of filing the Amendment No. 1 to Form 10-Q/A |
Keywords
XBRL, 10-Q, PEDEVCO, Amendment, Tagging, SEC Filing, Financial Reporting
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