Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 81

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 81
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)  (286,559)
 Total stockholders’ equity   28,381   22,018 
         
 Total liabilities and stockholders’ equity   31,794   25,181 

The accompanying notes are an integral part of the consolidated financial statements.

      F-3

Zion Oil & Gas, Inc.

Consolidated Statements of Operations

      For the    For the  
   year ended    year ended  
   December    December  
   2024    2023  
   US$    US$  
   thousands    thousands  
 General and administrative   4,645   5,193 
 Impairment of unproved oil and gas properties   -   135 
 Other   2,694   2,627 
 Loss from operations   (7,339)  (7,955)
         
 Other income (expense), net         
 Foreign exchange (loss)   (6)  (4)
 Financial gain (expenses), net   2   2 
         
 Loss before income taxes   (7,343)  (7,957)
 Income taxes   -   - 
         
 Net loss   (7,343)  (7,957)
         
 Net loss per share of common stock - basic and diluted (in US$)   (0.01)  (0.01)
         
 Weighted-average shares outstanding–basic and diluted (in thousands)   797,267   568,351 

The accompanying notes are an integral part of the consolidated financial statements.

      F-4

Zion Oil & Gas, Inc.

Consolidated Statements of Changes in Stockholders’ Equity

For the years ended December 31, 2024 and 2023

              Additional          
   Common Stock    paid-in    Accumulated      
   Shares    Amounts    Capital    deficit    Total  
       US$    US$    US$    US$  
   thousands    thousands    thousands    thousands    thousands  
 Balances as of December 31, 2022   524,231   5,242   296,460   (278,602)  23,100 
 Funds received from sale of DSPP units and shares and