{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-003701","form_type":"8-K","ticker":"PED","cik":"0001141197","company_name":"PEDEVCO CORP","filed_at":"2025-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.032314+00:00","generated_at":"2026-05-24T01:30:58.747961+00:00","sec_items":["2.02","4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PEDEVCO restates FY2022 & FY2023 financials; depletion error overstated expense by ~$2.65M","bullets":["Audit Committee concluded prior audited FY2022 and FY2023 financials should no longer be relied upon due to depletion-expense accounting errors.","Depletion expense overstated by ~$1.4M for 2023 and ~$1.25M for 2022; net income will increase by those amounts.","No impact on cash, revenues, or liquidity; material weakness in internal control over financial reporting identified as of Dec 31, 2024.","Company plans to file 2024 10-K with restated financials and has initiated a remediation plan for the material weakness."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-003701","json":"https://secwatch.observer/filing/0001654954-25-003701.json","markdown":"https://secwatch.observer/filing/0001654954-25-003701.md","text":"https://secwatch.observer/filing/0001654954-25-003701.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141197/000165495425003701/0001654954-25-003701-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141197/000165495425003701/ped_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T01:30:58.747961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}