Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 282

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 282
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.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected life of the options.
    
   The expected life represents the weighted average period of time that options granted are expected to be outstanding. The expected life of the options granted to employees and directors is calculated based on the Simplified Method as allowed under Staff Accounting Bulletin No. 110 (“SAB 110”), giving consideration to the contractual term of the options and their vesting schedules, as the Company does not have sufficient historical exercise data at this time. The expected life of the option granted to non-employees equals their contractual term. In the case of an extension of the option life, the calculation was made on the basis of the extended life.
    
   D. Compensation Cost for Warrant and Option Issuances 
    
   The following table sets forth information about the compensation cost of warrant and option issuances recognized for employees and directors:
    
    For the year ended December 31,  
 2024    2023  
 US$ thousands    US$ thousands  
331  1,031 

   The following table sets forth information about the compensation cost of warrant and option issuances recognized for non-employees:
    
    For the year ended December 31,  
 2024    2023  
 US$ thousands    US$ thousands  
3  3 

   The following table sets forth information about the compensation cost of option issuances recognized and capitalized to Unproved Oil & Gas properties:
    
    For the year ended December 31,  
 2024    2023  
 US$ thousands    US$ thousands  
-  - 

   As of  December 31, 2024, and 2023, there was $nil and $320,000, respectively, of unrecognized compensation cost, related to non-vested stock options granted under the Company’s various stock option plans. The $320,000 was recognized during 2024.

        F-
       25

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   E. Dividend Reinvestment and Stock Purchase Plan (“DSPP”)
    
   On  March 13, 2014 Zion filed a registration statement on Form S-3 that was part of a replacement registration statement that was filed with