Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 115

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 115
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26

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 – Stockholders’ Equity (cont’d)
    
   On  September 15, 2020, the Company extended the termination date of the ZNWAH Warrant by two (2) years from the expiration date of  April 2, 2021 to  April 2, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   As of  April 2, 2023, any outstanding ZNWAH warrants expired.
    
   On  September 15, 2020, the Company extended the termination date of the ZNWAJ Warrant by two (2) years from the expiration date of  October 29, 2021 to  October 29, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   On  October 29, 2023, any outstanding ZNWAJ warrants expired.
    
   On  September 15, 2020, the Company extended the termination date of the ZNWAK warrant by two (2) years from the expiration date of  February 25, 2021 to  February 25, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   As of  February 25, 2023, any outstanding ZNWAK warrants expired.
    
   On  September 15, 2020, the Company extended the termination date of the ZNWAL Warrant by two (2) years from the expiration date of  August 26, 2021 to  August 26, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   As of  August 26, 2023, any outstanding ZNWAL warrants expired.
    
   Under our Plan, the Company under a Request For Waiver Program executed Waiver Term Sheets of a unit option program consisting of a Unit (shares of stock and warrants) of its securities and subsequently an option program consisting of shares of stock to