Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 309

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 309
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 extended the expiration date of the ZNWAM and ZNWAQ warrants to  March 31, 2025. 

    L  On  May 29, 2024, the Company filed Amendment No. 10 whereby the current unit option was extended to  August 31, 2024 and the exercise date and termination date of the related ZNWBA warrants were also extended. On  August 22, 2024, the Company filed Amendment No. 11 whereby the current unit option was extended to  October 15, 2024 and the exercise date and termination date of the related ZNWBA warrants were also extended.  On  October 9, 2024, the Company filed Amendment No. 12 whereby the current unit option was extended to  December 31, 2024 and the exercise date and termination date of the related ZNWBA warrants were also extended to  January 31, 2026. On  December 10, 2024, the Company filed Amendment No. 13 whereby the current unit option was extended to  February 28, 2025 and the exercise date and termination date of the related ZNWBA warrants were also extended to  March 31, 2026. 

        F-
       39

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 7 - Income Taxes
    
   The Company had no income tax expense due to the operating loss incurred for the years ended  December 31, 2024 and 2023.
    
   The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at  December 31, 2024 and 2023 are presented below:

       December 31,    December 31,  
   2024    2023  
   US$    US$  
   thousands    thousands  
 Deferred tax assets:         
 Net operating loss carry forwards   61,341   58,977 
 Other   3,976   3,869 
 Total gross deferred tax assets   65,317   62,846 
 Less – valuation allowance   (60,456)  (59,036)
 Net deferred tax assets   4,861   3,810 
         
 Deferred tax liabilities:         
 Property and equipment   193   153 
 Other   (