Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 119

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 119
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, there is no value assigned to this extension.
    
   On  August 21, 2023, the Company extended the termination date of the ZNWAQ warrant from  September 6, 2023 to  October 31, 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 19, 2023, the Company extended the termination date of the ZNWAQ warrant from  October 31, 2023 to  December 31, 2023. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.

        F-
       28

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 – Stockholders’ Equity (cont’d)
    
   On  December 18, 2023, the Company extended the termination date of the ZNWAQ warrant from  December 31, 2023 to  March 31, 2024. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   On  March 28, 2024, the Company extended the termination date of the ZNWAQ warrant from  March 31, 2024 to  December 31, 2024. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension. 
    
   On  January 21, 2025, the Company extended the termination date of the ZNWAQ warrant from  December 31, 2024 to  March 31, 2025. Zion considers this warrant as permanent equity per ASC 815-40-35-2. As such, there is no value assigned to this extension.
    
   On  March 18, 2025, the warrant holder exercised 5,624,000 of the ZNWAQ warrants at $.05 each for total proceeds to Zion of $218.200. On  March 25, 2025, the warrant holder exercised 3,000,000 of the ZNWAQ warrants at $.05 each for total proceeds to Zion of $150,000