$ZNOG
ZION OIL & GAS INC

2012 Q3 Form 10-Q Financial Statement

#000114420412043058 Filed on August 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.590M $2.180M $1.950M
YoY Change -22.82% 11.79% 37.32%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00K $20.00K $10.00K
YoY Change 100.0% 100.0% 0.0%
% of Gross Profit
Operating Expenses $1.590M $2.180M $1.950M
YoY Change -22.44% 11.79% 37.32%
Operating Profit -$1.594M -$2.177M -$1.948M
YoY Change -96.42% 11.76%
Interest Expense $8.000K $7.000K $13.00K
YoY Change 0.0% -46.15% -116.25%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$1.587M -$2.200M -$1.910M
YoY Change -96.45% 15.18% -91.88%
Income Tax
% Of Pretax Income
Net Earnings -$1.587M -$2.200M -$1.910M
YoY Change -96.45% 15.18% -91.88%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.05 -$0.07 -$0.07
COMMON SHARES
Basic Shares Outstanding 31.01M shares 30.46M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.02M $17.13M $7.090M
YoY Change -31.67% 141.61% -25.99%
Cash & Equivalents $17.02M $17.13M $7.090M
Short-Term Investments
Other Short-Term Assets $710.0K $710.0K $1.220M
YoY Change 115.15% -41.8% 58.44%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $17.98M $18.04M $11.00M
YoY Change -30.86% 63.96% 0.36%
LONG-TERM ASSETS
Property, Plant & Equipment $232.0K $247.0K $42.35M
YoY Change -93.46% -99.42% 190.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $188.0K $171.0K $130.0K
YoY Change 44.62% 31.54% 116.67%
Total Long-Term Assets $6.258M $4.665M $42.47M
YoY Change 70.05% -89.02% 189.9%
TOTAL ASSETS
Total Short-Term Assets $17.98M $18.04M $11.00M
Total Long-Term Assets $6.258M $4.665M $42.47M
Total Assets $24.24M $22.70M $53.47M
YoY Change -18.35% -57.54% 108.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $548.0K $191.0K $250.0K
YoY Change 119.2% -23.6% -67.53%
Accrued Expenses $1.443M $1.680M $7.470M
YoY Change -52.69% -77.51% 3635.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.861M $2.741M $7.770M
YoY Change -31.39% -64.72% 511.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $480.0K $390.0K $430.0K
YoY Change 14.29% -9.3% 48.28%
Total Long-Term Liabilities $480.0K $390.0K $430.0K
YoY Change 14.29% -9.3% 48.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.861M $2.741M $7.770M
Total Long-Term Liabilities $480.0K $390.0K $430.0K
Total Liabilities $3.345M $3.132M $8.210M
YoY Change -27.12% -61.85% 426.28%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $136.0M $133.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.89M $19.57M $45.27M
YoY Change
Total Liabilities & Shareholders Equity $24.24M $22.70M $53.47M
YoY Change -18.35% -57.54% 108.79%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$1.587M -$2.200M -$1.910M
YoY Change -96.45% 15.18% -91.88%
Depreciation, Depletion And Amortization $20.00K $20.00K $10.00K
YoY Change 100.0% 100.0% 0.0%
Cash From Operating Activities -$1.480M -$2.590M -$2.770M
YoY Change -346.67% -6.5% 61.05%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $10.00K $70.00K
YoY Change -66.67% -85.71%
Acquisitions
YoY Change
Other Investing Activities -$1.170M -$480.0K -$6.510M
YoY Change -83.7% -92.63% 6.9%
Cash From Investing Activities -$1.180M -$490.0K -$6.580M
YoY Change -83.63% -92.55% 8.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.530M 670.0K 900.0K
YoY Change -89.64% -25.56% -82.14%
NET CHANGE
Cash From Operating Activities -1.480M -2.590M -2.770M
Cash From Investing Activities -1.180M -490.0K -6.580M
Cash From Financing Activities 2.530M 670.0K 900.0K
Net Change In Cash -130.0K -2.410M -8.450M
YoY Change -100.73% -71.48% 205.05%
FREE CASH FLOW
Cash From Operating Activities -$1.480M -$2.590M -$2.770M
Capital Expenditures $10.00K $10.00K $70.00K
Free Cash Flow -$1.490M -$2.600M -$2.840M
YoY Change -361.4% -8.45% 65.12%

Facts In Submission

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dei Entity Registrant Name
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zn Issuance Of Warrants To Placement Agent In Public Offering
IssuanceOfWarrantsToPlacementAgentInPublicOffering
99000
zn Employee Stock Ownership Plan Noncash Contribution
EmployeeStockOwnershipPlanNoncashContribution
506000
zn Decrease In Financing Costs
DecreaseInFinancingCosts
89000
zn Supplemental Deferred Financing Costs
SupplementalDeferredFinancingCosts
85000
zn Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
220000
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1948000
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1910000
CY2011Q2 us-gaap Professional Fees
ProfessionalFees
367000
CY2011Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
13000
CY2011Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
26068000 shares
CY2011Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1018000
CY2011Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4474671 shares
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
-1910000
CY2011Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
25000
CY2011Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
563000
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2011Q2 zn Determination Of Per Share Purchase Price Of Shares Multiplier Factor
DeterminationOfPerSharePurchasePriceOfSharesMultiplierFactor
1.037 pure
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2177000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2200000
CY2012Q2 us-gaap Professional Fees
ProfessionalFees
346000
CY2012Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
7000
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
30601000 shares
CY2012Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
874000
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15287761 shares
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-2200000
CY2012Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-30000
CY2012Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
957000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit

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