Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 449

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 15
Chunk 449
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,  
 2024    2023  
 US$ thousands    US$ thousands  
3  3 

   The following table sets forth information about the compensation cost of option issuances recognized and capitalized to Unproved Oil & Gas properties:
    
    For the year ended December 31,  
 2024    2023  
 US$ thousands    US$ thousands  
-  - 

   As of  December 31, 2024, and 2023, there was $nil and $320,000, respectively, of unrecognized compensation cost, related to non-vested stock options granted under the Company’s various stock option plans. The $320,000 was recognized during 2024.

        F-
       25

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   E. Dividend Reinvestment and Stock Purchase Plan (“DSPP”)
    
   On  March 13, 2014 Zion filed a registration statement on Form S-3 that was part of a replacement registration statement that was filed with the SEC using a “shelf” registration process. The registration statement was declared effective by the SEC on  March 31, 2014. On  February 23, 2017, the Company filed a Form S-3 with the SEC (Registration No. 333-216191) as a replacement for the Form S-3 (Registration No. 333-193336), for which the three-year period ended  March 31, 2017, along with the base Prospectus and Supplemental Prospectus. The Form S-3, as amended, and the new base Prospectus became effective on  March 10, 2017, along with the Prospectus Supplement that was filed and became effective on  March 10, 2017. The Prospectus Supplement under Registration No. 333-216191 describes the terms of the DSPP and replaces the prior Prospectus Supplement, as amended, under the prior Registration No. 333-193336.
    
   On  September 15, 2020, the Company extended the termination date of the ZNWAD Warrant by two (2) years from the expiration date of  May 2, 2021 to  May 2, 2023. Zion considers this warrant as permanent equity per ASC 815