Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 801

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 801
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2.00   1,498,804   January 31, 2026    Warrants 

 Total outstanding   0.24*   62,204,034      

    *  Weighted Average 

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        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   The stock option transactions since  January 1, 2023 are shown in the table below:

           Weighted  
       Average  
   Number of    exercise  
   shares    price  
       US$  
 Outstanding, December 31, 2022   26,391,250   0.30 
         
 Changes during 2023 to:         
 Granted to employees, officers, directors and others*   8,135,000   0.07 
 Expired/Cancelled/Forfeited   (285,000)  1.65 
 Exercised   (150,000)  0.07 
 Outstanding, December 31, 2023   34,091,250   0.23 
         
 Changes during 2024 to:         
 Granted to employees, officers, directors and others*   210,000   0.06 
 Expired/Cancelled/Forfeited   (862,193)  1.66 
 Exercised   (538,175)  0.07 
 Outstanding, December 31, 2024   32,900,882   0.20 
 Exercisable, December 31, 2024   32,900,882   0.20 

   The aggregate intrinsic value of options exercised during 2024, and 2023 was approximately $22,000, and $4,000 respectively.
    
   The aggregate intrinsic value of the outstanding options and warrants as of  December 31, 2024, totaling 62,204,034 was approximately $2,414,000.
    
   The aggregate intrinsic value of the outstanding options and warrants as of  December 31, 2023, totaling 63,788,270 was approximately $844,000.

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       22

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders