Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 104

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 104
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 date of grant) and are exercisable through  September 23, 2033. The fair value of the options at the date of grant amounted to approximately $227,000, and was recognized during the years 2023 and 2024.  
     
  viii.  Options to purchase 55,000 shares of Common Stock to three consultants at an exercise price of $0.0676 per share. The options vest on  September 23, 2024 (one year from the date of grant) and are exercisable through  September 23, 2033. The fair value of the options at the date of grant amounted to approximately $3,000, and was recognized during the years 2023 and 2024.  

        F-
       19

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   D. Warrants and Options
    
   The Company has reserved 62,204,034 shares of common stock as of  December 31, 2024, for the exercise of warrants and options to employees and non-employees, of which 62,204,034 are exercisable. These warrants and options could potentially dilute basic earnings per share in future years. The warrants and options exercise prices and expiration dates are as follows:

                  Warrants 
   Exercise    Number of    Expiration    or 
   Price    Shares    Date    Options 
   US$           
 To non-employees              
   0.01   10,000   October 1, 2027    Options 
   0.01   7,500   January 1, 2028    Options 
   0.01   30,000   February 28, 2028    Options 
   0.01   80,000   November 18, 2029    Options 
   0.01   20,000   August 12, 2032    Options 
   0.07   55,000   September 22, 2033    Options 
   0.15   50,000   April 15, 2032    Options 
   0.16   75,000   December 10, 2029    Options 

 To employees