Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 762

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 762
---
 0.05

      03/31/2025 

     23,428,348

     -

     -

     -

     23,428,348

      ZNWAZ 
      
     $
     0.25

      07/17/2024 

     153,800

     -

     -

     (153,800
     )

     -

      Outstanding warrants 

     29,697,020

     -

     -

     (393,868
     )

     29,303,152

Tabular Disclosure of Contractual Obligations  

The following summarizes our contractual consolidated financial obligations for continuing operations at December 31, 2024, and the effect such obligations are expected to have on our liquidity and cash flow in future periods.

      Payment due by period (in Thousands of USD) 

      2025 

      2026 

      2027 

      2028 

      Thereafter 

      Total 

      Exploration Related Commitments 

     1,175

     -

     -

     -

     -

     1,175

      Operating Leases 

     157

     157

     152

     151

     127

     744

      Employment Agreements 

     1,897

     -

     -

     -

     -

     1,897

      Total 

     3,229

     157

     152

     151

     127

     3,816

Off-Balance Sheet Arrangements

We do not currently use any off-balance sheet arrangements to enhance our liquidity or capital resource position, or for any other purpose.

Recently Issued Accounting Pronouncements 

In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses among other disclosure requirements. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments will be applied retrospectively to all prior periods presented in the financial statements. Zion adopted this ASU effective January 1, 2023. The adoption of this ASU did not have any impact on its consolidated financial statements.

Other Recent Accounting Pronouncements