Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 791

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 791
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       I-35    Rig    Other      
   Drilling    Spare    Drilling      
   Rig    Parts    Assets    Total  
   US$    US$    US$    US$  
   thousands    thousands    thousands    thousands  
 December 31, 2022   5,225   619   437   6,281 
                 
 Asset Additions   -   -   -   - 
                 
 Asset Depreciation   (634)  -   (126)  (760)
                 
 Asset Disposals for Self-Consumption   -   (11)  -   (11)
                 
 December 31, 2023   4,591   608   311   5,510 
                 
 Asset Additions   -   178   -   178 
                 
 Asset Depreciation   (634)  -   (139)  (773)
                 
 Asset Disposals   -   -   (98)  (98)
                 
 Asset Disposals for Self-Consumption   -   (39)  -   (39)
                 
 December 31, 2024   3,957   747   74   4,778 

        F-
       14

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 2 - Summary of Significant Accounting Policies (cont’d)
    
          Q. Other Comprehensive Income
    
   The Company does not have any activity that results in Other Comprehensive Income.
    
   R. Recently Adopted Accounting Pronouncements
    
   In  November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses among other disclosure requirements. ASU 2023-07 is effective for fiscal years beginning after  December 15, 2023, and interim periods within fiscal years beginning after  December 15, 2024. Early adoption is permitted. The amendments will be applied retrospectively