Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 250

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 250
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 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)  (7,957)
 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