$ZNOG
ZION OIL & GAS INC

2012 Q4 Form 10-Q Financial Statement

#000114420412059500 Filed on November 05, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.870M $1.590M $3.070M
YoY Change -39.09% -22.82% 129.1%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $20.00K $30.00K
YoY Change -66.67% 100.0% 200.0%
% of Gross Profit
Operating Expenses $1.860M $1.590M $3.070M
YoY Change -39.41% -22.44% 129.1%
Operating Profit -$1.594M
YoY Change -96.42%
Interest Expense $30.00K $8.000K -$140.0K
YoY Change -121.43% 0.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$3.810M -$1.587M -$3.210M
YoY Change 18.69% -96.45% 139.55%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.810M -$1.587M -$3.210M
YoY Change 18.69% -96.45% 139.55%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.12 -$0.05 -$0.10
COMMON SHARES
Basic Shares Outstanding 32.31M shares 31.01M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.98M $17.02M $22.23M
YoY Change -32.61% -31.67% 4.66%
Cash & Equivalents $14.98M $17.02M $22.23M
Short-Term Investments
Other Short-Term Assets $670.0K $710.0K $620.0K
YoY Change 8.06% 115.15% -45.13%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $16.27M $17.98M $22.85M
YoY Change -28.79% -30.86% -1.39%
LONG-TERM ASSETS
Property, Plant & Equipment $4.920M $232.0K $239.0K
YoY Change 1958.58% -93.46% -99.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $110.0K $188.0K $146.0K
YoY Change -24.66% 44.62% 62.22%
Total Long-Term Assets $5.030M $6.258M $3.920M
YoY Change 28.32% 70.05% -85.0%
TOTAL ASSETS
Total Short-Term Assets $16.27M $17.98M $22.85M
Total Long-Term Assets $5.030M $6.258M $3.920M
Total Assets $21.30M $24.24M $26.77M
YoY Change -20.42% -18.35% -45.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $630.0K $548.0K $261.0K
YoY Change 141.38% 119.2% -33.08%
Accrued Expenses $1.360M $1.443M $2.716M
YoY Change -49.93% -52.69% 26.92%
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 $2.860M $2.861M $3.847M
YoY Change -25.66% -31.39% 47.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $200.0K $480.0K $430.0K
YoY Change -53.49% 14.29% 26.47%
Total Long-Term Liabilities $200.0K $480.0K $430.0K
YoY Change -53.49% 14.29% 26.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.860M $2.861M $3.847M
Total Long-Term Liabilities $200.0K $480.0K $430.0K
Total Liabilities $3.060M $3.345M $4.275M
YoY Change -28.42% -27.12% 45.9%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $136.0M $131.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.25M $20.89M $22.49M
YoY Change
Total Liabilities & Shareholders Equity $21.30M $24.24M $26.77M
YoY Change -20.42% -18.35% -45.71%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q4
OPERATING ACTIVITIES
Net Income -$3.810M -$1.587M -$3.210M
YoY Change 18.69% -96.45% 139.55%
Depreciation, Depletion And Amortization $10.00K $20.00K $30.00K
YoY Change -66.67% 100.0% 200.0%
Cash From Operating Activities -$2.180M -$1.480M -$1.260M
YoY Change 73.02% -346.67% -29.61%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $10.00K $40.00K
YoY Change -75.0% -66.67% 100.0%
Acquisitions
YoY Change
Other Investing Activities -$590.0K -$1.170M -$1.400M
YoY Change -57.86% -83.7% -78.79%
Cash From Investing Activities -$600.0K -$1.180M -$1.440M
YoY Change -58.33% -83.63% -78.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 750.0K 2.530M 30.00K
YoY Change 2400.0% -89.64% -99.83%
NET CHANGE
Cash From Operating Activities -2.180M -1.480M -1.260M
Cash From Investing Activities -600.0K -1.180M -1.440M
Cash From Financing Activities 750.0K 2.530M 30.00K
Net Change In Cash -2.030M -130.0K -2.670M
YoY Change -23.97% -100.73% -127.96%
FREE CASH FLOW
Cash From Operating Activities -$2.180M -$1.480M -$1.260M
Capital Expenditures $10.00K $10.00K $40.00K
Free Cash Flow -$2.190M -$1.490M -$1.300M
YoY Change 68.46% -361.4% -28.18%

Facts In Submission

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
ZION OIL & GAS INC
dei Amendment Flag
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dei Entity Filer Category
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dei Document Type
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us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14430000
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
500000
us-gaap Net Income Loss
NetIncomeLoss
-115158000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-168000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
17264000
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
74004000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
535000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1828000
zn Supplemental Noncash Transactions
SupplementalNoncashTransactions
4000
zn Supplemental Accounts Payable
SupplementalAccountsPayable
382000
zn Proceeds From Issuance Of Common Stock And Warrants Net
ProceedsFromIssuanceOfCommonStockAndWarrantsNet
129806000
zn Issuance Of Warrants To Placement Agent In Public Offering
IssuanceOfWarrantsToPlacementAgentInPublicOffering
99000
zn Employee Stock Ownership Plan Noncash Contribution
EmployeeStockOwnershipPlanNoncashContribution
541000
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
296000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-44544000
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.52
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-44646000
CY2011Q3 us-gaap Professional Fees
ProfessionalFees
260000
CY2011Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
8000
CY2011Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
29315000 shares
CY2011Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1204000
CY2011Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14231827 shares
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-44646000
CY2011Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-110000
CY2011Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
592000
CY2011Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
42488000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1594000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1587000
CY2012Q3 us-gaap Professional Fees
ProfessionalFees
296000
CY2012Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
8000
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
31741000 shares
CY2012Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
429000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-1587000
CY2012Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
869000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit

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