Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 848

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 848
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 banks that earn no interest, was approximately 3.7%.
    
   The primary objective of our investment activities is to preserve principal while at the same time maximizing yields without significantly increasing risk. To achieve this objective, we invest our excess cash in short-term bank deposits and money market funds that  may invest in high quality debt instruments.

        F-
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        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 11 - Selected Quarterly Information (Unaudited)
    
   The following represents selected quarterly consolidated financial information for 2024 and 2023:

       For the three months ended  
   March 31    June 30    September 30    December 31  
   US$    US$    US$    US$  
   thousands    thousands    thousands    thousands  
 2024:                 
 Oil and gas sales   -   -   -   - 
                 
 Net (loss) gain   (1,752)  (2,054)  (1,791)  (1,746)
                 
 Net (loss) gain per share – basic and diluted   (0.003)  (0.003)  (0.002)  (0.002)
 Weighted-average shares outstanding–basic and diluted (in thousands)   667,023   745,565   843,211   931,449 
                 
 2023:                 
 Oil and gas sales   -   -   -   - 
                 
 Net (loss) gain   (2,139)  (2,334)  (1,743)  (1,741)
                 
 Net (loss) gain per share – basic and diluted   (0.004)  (0.004)  (0.003)  (0.003)
 Weighted-average shares outstanding–basic and diluted (in thousands)   531,023   542,812   578,497   618,233 

   Note 12 - Subsequent Events
    
   (i) On  January 4, 2025, the Company granted options under the 2021 Omnibus Incentive Plan to one senior officer, to purchase 25