Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 1118

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 1118
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 associated with the issuance of shares   -   -   (1,120)  -   (1,120)
 Value of options granted to employees, directors and others as non-cash compensation   -   -   1,034   -   1,034 
 Net loss   -   -   -   (7,957)  (7,957)
 Balances as of December 31, 2023   640,002   6,400   302,177   (286,559)  22,018 
                     
 Funds received from sale of DSPP units and shares and exercise of warrants   324,821   3,248   13,009   -   16,257 
 Funds received from option exercises   539   6   30   -   36 
 Costs associated with the issuance of shares   -   -   (2,921)  -   (2,921)
 Value of options granted to employees, directors and others as non-cash compensation   -   -   334   -   334 
 Net loss   -   -   -   (7,343)  (7,343)
 Balances as of December 31, 2024   965,362   9,654   312,629   (293,902)  28,381 

The accompanying notes are an integral part of the consolidated financial statements.

      F-5

Zion Oil & Gas, Inc.

Consolidated Statements of Cash Flows

      For the year ended  
   December 31,  
   2024    2023  
   US$    US$  
   thousands    thousands  
 Cash flows from operating activities         
 Net loss   (7,343)  (7,957)
 Adjustments required to reconcile net loss to net cash used in operating activities:         
 Depreciation   779   767 
 Amortization of Right of Use Lease Asset   264   260 
 Cost 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