Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 861

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 861
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 Accounts payable   604   777 
 Insurance financing (see note 9G)   490   432 
 Lease obligation – current (see Note 8)   107   167 
 Asset retirement obligation   571   571 
 Accrued liabilities   456   693 
 Total current liabilities   2,228   2,640 
         
 Long-term liabilities         
 Lease obligation – non-current (see Note 8)   637   24 
 Provision for severance pay   548   499 
 Total long-term liabilities   1,185   523 
         
 Total liabilities   3,413   3,163 
         
 Commitments and contingencies (see Note 9)           
         
 Stockholders’ equity         
 Common stock, par value $.01; Authorized: 1,200,000,000 shares at December 31, 2024 : Issued and outstanding: 965,362,131 and 640,002,580 shares at December 31, 2024 and 2023, respectively   9,654   6,400 
 Additional paid-in capital   312,629   302,177 
 Accumulated deficit   (293,902)  (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,