Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 83

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 83
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 of options issued to employees, directors and others as non-cash compensation   334   1,034 
 Post impairment of unproved oil and gas properties   -   135 
 Loss on sale of property and equipment   63   - 
 Change in assets and liabilities, net:         
 Other deposits   -   483 
 Prepaid expenses and other   (52)  85 
 Governmental receivables   (1)  249 
 Other receivables   115   20 
 Lease obligation - current and non current   (276)  (269)
 Severance pay, net   (17)  (9)
 Accounts payable   (30)  90 
 Accrued liabilities   (66)  (21)
 Net cash used in operating activities   (6,230)  (5,133)
         
 Cash flows from investing activities         
 Acquisition of property and equipment   (59)  (1)
 Proceeds from sale of property and equipment   35   - 
 Acquisition of drilling rig and related equipment   (178)  - 
 Investment in unproved oil and gas properties   (5,072)  (2,353)
 Net cash used in investing activities   (5,274)  (2,354)
         
 Cash flows from financing activities         
 Proceeds from exercise of stock options   36   12 
 Costs paid related to the issuance of new shares   (3,088)  (953)
 Proceeds from issuance of stock and exercise of warrants   16,257   6,949 
 Net cash provided by financing activities   13,205   6,008 
         
 Net decrease in cash, cash equivalents and restricted cash   1,701   (1,479)
 Cash, cash equivalents and restricted cash – beginning of period   1,635   3,114 
 Cash, cash equivalents and restricted cash – end of period   3,336   1,635 
         
 Non-cash investing and financing activities:         
 Unpaid investments in oil and gas properties   604   670 
 Depreciation of oil and gas equipment   23   32 
 Unpaid Costs associated with the issuance of shares   167   167 
 Addition of right of use lease assets and lease obligations   829