2022 Q3 Form 10-Q Financial Statement
#000121390022046409 Filed on August 10, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $0.00 | $347.0K | $0.00 |
YoY Change | -52.34% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.355M | $2.496M | $2.146M |
YoY Change | 2.48% | -37.85% | -22.33% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $201.0K | $197.0K | $195.0K |
YoY Change | 6.91% | 4.23% | 8.94% |
% of Gross Profit | |||
Operating Expenses | $2.355M | $2.496M | $2.146M |
YoY Change | 2.48% | -37.85% | -22.33% |
Operating Profit | -$2.355M | -$2.496M | -$2.146M |
YoY Change | 2.48% | -37.85% | |
Interest Expense | -$17.00K | -$20.00K | -$20.00K |
YoY Change | 240.0% | -65.52% | -109.85% |
% of Operating Profit | |||
Other Income/Expense, Net | -$17.00K | ||
YoY Change | |||
Pretax Income | -$2.374M | -$2.597M | -$2.166M |
YoY Change | 3.08% | -35.97% | -15.39% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.374M | -$2.597M | -$2.166M |
YoY Change | 3.08% | -35.97% | -15.39% |
Net Earnings / Revenue | -748.41% | ||
Basic Earnings Per Share | -$0.01 | -$0.01 | -$5.00 |
Diluted Earnings Per Share | -$0.01 | -$0.01 | -$5.351K |
COMMON SHARES | |||
Basic Shares Outstanding | 475.2M shares | 471.9M shares | 404.8K shares |
Diluted Shares Outstanding | 484.7M shares | 471.9M shares | 404.8M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.079M | $5.755M | $8.221M |
YoY Change | -32.54% | -36.39% | 30.64% |
Cash & Equivalents | $3.079M | $5.755M | $8.221M |
Short-Term Investments | |||
Other Short-Term Assets | $544.0K | $549.0K | $3.138M |
YoY Change | -76.72% | -77.14% | -19.54% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $6.067M | $9.082M | $14.07M |
YoY Change | -32.96% | -31.06% | 17.59% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $123.0K | $132.0K | $55.26M |
YoY Change | -99.74% | -99.67% | 74.64% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $410.0K | $454.0K | $553.0K |
YoY Change | -18.49% | -6.2% | 19.96% |
Total Long-Term Assets | $66.42M | $60.81M | $55.81M |
YoY Change | 40.04% | 50.57% | 73.86% |
TOTAL ASSETS | |||
Total Short-Term Assets | $6.067M | $9.082M | $14.07M |
Total Long-Term Assets | $66.42M | $60.81M | $55.81M |
Total Assets | $72.48M | $69.89M | $69.89M |
YoY Change | 28.34% | 30.49% | 58.58% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.786M | $1.658M | $1.167M |
YoY Change | -19.26% | -15.49% | -38.45% |
Accrued Expenses | $1.544M | $588.0K | $606.0K |
YoY Change | -17.26% | -70.54% | -58.72% |
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 | $4.128M | $3.078M | $2.344M |
YoY Change | -11.21% | -32.04% | -67.05% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $488.0K | $571.0K | $689.0K |
YoY Change | -31.94% | -21.89% | -6.51% |
Total Long-Term Liabilities | $488.0K | $571.0K | $689.0K |
YoY Change | -31.94% | -21.89% | -6.51% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.128M | $3.078M | $2.344M |
Total Long-Term Liabilities | $488.0K | $571.0K | $689.0K |
Total Liabilities | $4.616M | $3.649M | $3.033M |
YoY Change | -13.98% | -30.63% | -61.37% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$230.7M | -$228.3M | |
YoY Change | |||
Common Stock | $298.5M | $294.5M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $67.87M | $66.24M | $66.85M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $72.48M | $69.89M | $69.89M |
YoY Change | 28.34% | 30.49% | 58.58% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.374M | -$2.597M | -$2.166M |
YoY Change | 3.08% | -35.97% | -15.39% |
Depreciation, Depletion And Amortization | $201.0K | $197.0K | $195.0K |
YoY Change | 6.91% | 4.23% | 8.94% |
Cash From Operating Activities | -$1.295M | -$1.333M | -$2.091M |
YoY Change | -32.62% | 61.58% | -2.34% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$29.00K | -$227.0K | -$134.0K |
YoY Change | 45.0% | 404.44% | 39.58% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.856M | -$4.422M | -$3.665M |
YoY Change | -29.97% | -43.85% | -47.85% |
Cash From Investing Activities | -$4.885M | -$4.649M | -$3.799M |
YoY Change | -29.75% | -41.3% | -46.67% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.479M | 3.566M | 9.428M |
YoY Change | -20.63% | -67.05% | 230.81% |
NET CHANGE | |||
Cash From Operating Activities | -1.295M | -1.333M | -2.091M |
Cash From Investing Activities | -4.885M | -4.649M | -3.799M |
Cash From Financing Activities | 3.479M | 3.566M | 9.428M |
Net Change In Cash | -2.701M | -2.416M | 3.538M |
YoY Change | -39.88% | -216.21% | -155.15% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.295M | -$1.333M | -$2.091M |
Capital Expenditures | -$29.00K | -$227.0K | -$134.0K |
Free Cash Flow | -$1.266M | -$1.106M | -$1.957M |
YoY Change | -33.44% | 41.79% | -4.3% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ZION OIL & GAS, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
6972000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
335000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
327000 | usd |
CY2022Q2 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
454000 | usd |
CY2021Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
541000 | usd |
CY2022Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
454000 | usd |
CY2021Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
541000 | usd |
CY2022Q2 | zn |
Senior Convertible Bonds Current
SeniorConvertibleBondsCurrent
|
261000 | usd |
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
20-0065053 | ||
CY2022Q2 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
6770000 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
69891000 | usd |
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
12655 N Central Expressway | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 1000 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Dallas | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
75243 | ||
dei |
City Area Code
CityAreaCode
|
(214) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
221-4610 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2022Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
475236141 | shares |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5755000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4683000 | usd |
CY2022Q2 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1319000 | usd |
CY2021Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1269000 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
437000 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
689000 | usd |
CY2022Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
549000 | usd |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
617000 | usd |
CY2022Q2 | zn |
Governmental Receivables
GovernmentalReceivables
|
864000 | usd |
CY2021Q4 | zn |
Governmental Receivables
GovernmentalReceivables
|
900000 | usd |
CY2022Q2 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
158000 | usd |
CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
483000 | usd |
CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
9082000 | usd |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
8641000 | usd |
CY2022Q2 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
53250000 | usd |
CY2021Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
46950000 | usd |
CY2022Q2 | zn |
Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
|
1075000 | usd |
CY2021Q4 | zn |
Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
|
704000 | usd |
CY2022Q2 | us-gaap |
Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
|
6638000 | usd |
CY2021Q4 | us-gaap |
Inventory Drilling Noncurrent
InventoryDrillingNoncurrent
|
6834000 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
626000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
604000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
132000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
138000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
63431000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2783000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1658000 | usd |
CY2021Q4 | zn |
Senior Convertible Bonds Current
SeniorConvertibleBondsCurrent
|
203000 | usd |
CY2022Q2 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2021Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
571000 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
588000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1781000 | usd |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3078000 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5338000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
83000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
169000 | usd |
CY2022Q2 | zn |
Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
|
488000 | usd |
CY2021Q4 | zn |
Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
|
548000 | usd |
CY2022Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
571000 | usd |
CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
717000 | usd |
CY2022Q2 | us-gaap |
Liabilities
Liabilities
|
3649000 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
6055000 | usd |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
800000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
800000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
473777378 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
473777378 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
364322883 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
364322883 | shares |
CY2022Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
4738000 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
3643000 | usd |
CY2022Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
289792000 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
277258000 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-228288000 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-223525000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
66242000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
57376000 | usd |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
69891000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
63431000 | usd |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1550000 | usd |
CY2021Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2952000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2985000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4923000 | usd | |
CY2022Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
946000 | usd |
CY2021Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1064000 | usd |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1657000 | usd | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1856000 | usd | |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2496000 | usd |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4016000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4642000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6779000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
439039000 | shares | |
CY2021Q2 | zn |
Gainloss On Derivative Liability
GainlossOnDerivativeLiability
|
5000 | usd |
zn |
Gainloss On Derivative Liability
GainlossOnDerivativeLiability
|
431000 | usd | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-81000 | usd |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
13000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-90000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-50000 | usd | |
CY2022Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-20000 | usd |
CY2021Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-58000 | usd |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-31000 | usd | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-218000 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2597000 | usd |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4056000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4763000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-6616000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2597000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4056000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4763000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6616000 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
471946000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
248672000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
244032000 | shares | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
57376000 | usd |
zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
12993000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
635000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4763000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
66242000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
66853000 | usd |
CY2022Q2 | zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
1566000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
420000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2597000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
66242000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35109000 | usd |
zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
13788000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
115000 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
9000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
321000 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
3214000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
2589000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6616000 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
48300000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36220000 | usd |
CY2021Q2 | zn |
Funds Received From Sale Of Dspp Units And Shares
FundsReceivedFromSaleOfDsppUnitsAndShares
|
10939000 | usd |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000 | usd | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
115000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
9000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
321000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
3214000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
1768000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4056000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
48300000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4763000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6616000 | usd | |
us-gaap |
Depreciation
Depreciation
|
392000 | usd | |
us-gaap |
Depreciation
Depreciation
|
368000 | usd | |
zn |
Adjustment Of Options Granted For Services
AdjustmentOfOptionsGrantedForServices
|
618000 | usd | |
zn |
Adjustment Of Options Granted For Services
AdjustmentOfOptionsGrantedForServices
|
2589000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
190000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
431000 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-68000 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-8000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-252000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1366000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-36000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-501000 | usd | |
zn |
Increase Decrease In Lease Obligation Current
IncreaseDecreaseInLeaseObligationCurrent
|
58000 | usd | |
zn |
Increase Decrease In Lease Obligation Current
IncreaseDecreaseInLeaseObligationCurrent
|
-63000 | usd | |
zn |
Increase Decrease In Lease Obligation Non Current
IncreaseDecreaseInLeaseObligationNonCurrent
|
-86000 | usd | |
zn |
Increase Decrease In Lease Obligation Non Current
IncreaseDecreaseInLeaseObligationNonCurrent
|
-74000 | usd | |
zn |
Increase Decrease In Right Of Use Lease Assets
IncreaseDecreaseInRightOfUseLeaseAssets
|
8000 | usd | |
zn |
Increase Decrease In Right Of Use Lease Assets
IncreaseDecreaseInRightOfUseLeaseAssets
|
-115000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-325000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-9000 | usd | |
zn |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
27000 | usd | |
zn |
Increase Decrease In Accrued Severance Pay Net Of Severance Pay Fund
IncreaseDecreaseInAccruedSeverancePayNetOfSeverancePayFund
|
-45000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-357000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-91000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
14000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-792000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3424000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2966000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
43000 | usd | |
zn |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
346000 | usd | |
zn |
Acquisition Of Drilling Rig And Related Equipment
AcquisitionOfDrillingRigAndRelatedEquipment
|
98000 | usd | |
zn |
Payments To Investment In Unproved Oil And Gas Properties
PaymentsToInvestmentInUnprovedOilAndGasProperties
|
8087000 | usd | |
zn |
Payments To Investment In Unproved Oil And Gas Properties
PaymentsToInvestmentInUnprovedOilAndGasProperties
|
14903000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8448000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15044000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
115000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
12993000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
13788000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12994000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13674000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1122000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4336000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5952000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14662000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7074000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10326000 | usd |
zn |
Cost Of Options Issued To Employees Attributed To Oil And Gas Properties
CostOfOptionsIssuedToEmployeesAttributedToOilAndGasProperties
|
17000 | usd | |
zn |
Convertible Bond Interest Paid In Shares
ConvertibleBondInterestPaidInShares
|
321000 | usd | |
zn |
Convertible Bond Principal Paid In Shares
ConvertibleBondPrincipalPaidInShares
|
3214000 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
|
1691000 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
|
2798000 | usd | |
zn |
Convertible Shares Related To Senior Convertible Bonds
ConvertibleSharesRelatedToSeniorConvertibleBonds
|
9000 | usd | |
zn |
Capitalized Convertible Bond Interest Attributed To Oil And Gas Properties
CapitalizedConvertibleBondInterestAttributedToOilAndGasProperties
|
104000 | usd | |
zn |
New Lease Accounted For As A Right Of Use Lease Asset
NewLeaseAccountedForAsARightOfUseLeaseAsset
|
136000 | usd | |
zn |
New Lease Accounted For As A Right Of Use Lease Asset
NewLeaseAccountedForAsARightOfUseLeaseAsset
|
128000 | usd | |
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
5755000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
4683000 | usd |
CY2021Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
9047000 | usd |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11708000 | usd |
CY2022Q2 | zn |
Restricted Cash Included In Fixed Shortterm Bank Deposits
RestrictedCashIncludedInFixedShorttermBankDeposits
|
1319000 | usd |
CY2021Q4 | zn |
Restricted Cash Included In Fixed Shortterm Bank Deposits
RestrictedCashIncludedInFixedShorttermBankDeposits
|
1269000 | usd |
CY2021Q2 | zn |
Restricted Cash Included In Fixed Shortterm Bank Deposits
RestrictedCashIncludedInFixedShorttermBankDeposits
|
1279000 | usd |
CY2020Q4 | zn |
Restricted Cash Included In Fixed Shortterm Bank Deposits
RestrictedCashIncludedInFixedShorttermBankDeposits
|
2954000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
7074000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
5952000 | usd |
CY2021Q2 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
10326000 | usd |
CY2020Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
14662000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 - Nature of Operations, Basis of Presentation and Going Concern</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif"><b>A. Nature of Operations</b></span> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion Oil & Gas, Inc., a Delaware corporation (“we,” “our,” “Zion” or the “Company”) is an oil and gas exploration company with a history of 22 years of oil & gas exploration in Israel. As of June 30, 2022, the Company has no revenues from its oil and gas operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion maintains its corporate headquarters in Dallas, Texas. The Company also has branch offices in Caesarea, Israel and Geneva, Switzerland. The purpose of the Israel branch is to support the Company’s operations in Israel, and the purpose of the Switzerland branch is to operate a foreign treasury center for the Company.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 24, 2020, Zion incorporated a wholly owned subsidiary, Zion Drilling, Inc., a Delaware corporation, for the purpose of owning a drilling rig, related equipment and spare parts. On January 31, 2020, Zion incorporated another wholly owned subsidiary, Zion Drilling Services, Inc., a Delaware corporation, to act as the contractor providing such drilling services. When Zion is not using the rig for its own exploration activities, Zion Drilling Services may contract with other operators in Israel to provide drilling services at market rates then in effect.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion has the trademark “ZION DRILLING” filed with the United States Patent and Trademark Office. Zion has the trademark filed with the World Intellectual Property Organization in Geneva, Switzerland, pursuant to the Madrid Agreement and Protocol. In addition, Zion has the trademark filed with the Israeli Trademark Office in Israel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span style="text-decoration:underline">Exploration Rights/Exploration Activities</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Megiddo-Jezreel Petroleum License, No. 401 (“MJL 401”) and New Megiddo License 428 (“NML 428”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Megiddo-Jezreel License 401 was awarded on December 3, 2013 for a three-year primary term through December 2, 2016 with the possibility of additional one-year extensions up to a maximum of seven years. The Megiddo-Jezreel License 401 lies onshore, south and west of the Sea of Galilee, and we continue our exploration focus here based on our studies as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The NML 428 (covering the same area as MJL 401) was awarded on December 3, 2020 for a six-month term with the possibility of an additional six-month extension. On April 29, 2021, Zion submitted a request to the Ministry of Energy for a six-month extension to December 2, 2021. On May 30, 2021, the Ministry of Energy approved our request for extension to December 2, 2021. On November 29, 2021, the Ministry of Energy approved our request for extension to August 1, 2022. On July 25, 2022, Zion submitted a request to the Ministry of Energy for a six-month extension to February 1, 2023. On July 31, 2022, the Ministry of Energy approved our request for extension to February 1, 2023. This license effectively replaced the Megiddo-Jezreel License 401 as it has the same area and coordinates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zion spudded its MJ-02 exploratory well on January 6, 2021. On November 23, 2021, Zion announced via a press release that it completed drilling the MJ-02 well to a total depth of 5,531 meters (~18,141 feet) with a 6 inch open hole at that depth.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A full set of detailed and comprehensive tests including neutron-density, sonic, gamma, and resistivity logs were acquired in December 2021, as a result of which we identified an encouraging zone of interest. Extensive well testing operations are continuing for the MJ-02 well.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><b>B. Basis of Presentation</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited interim consolidated condensed financial statements of Zion Oil & Gas, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with Article 8-03 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring accruals necessary for a fair statement of financial position, results of operations and cash flows, have been included. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The year-end balance sheet data presented for comparative purposes was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the three months ended June 30, 2022 are not necessarily indicative of the operating results for the year ending December 31, 2022 or for any other subsequent interim period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><b>C. Going Concern</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company incurs cash outflows from operations, and all exploration activities and overhead expenses to date have been financed by way of equity or debt financing. The recoverability of the costs incurred to date is uncertain and dependent upon achieving significant commercial production of hydrocarbons. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company’s ability to continue as a going concern is dependent upon obtaining the necessary financing to undertake further exploration and development activities and ultimately generating profitable operations from its oil and natural gas interests in the future. The Company’s current operations are dependent upon the adequacy of its current assets to meet its current expenditure requirements and the accuracy of management’s estimates of those requirements. Should those estimates be materially incorrect, the Company’s ability to continue as a going concern may be impaired. The consolidated financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. During the six months ended June 30, 2022, the Company incurred a net loss of approximately $4.8 million and had an accumulated deficit of approximately $228.3 million. These factors raise substantial doubt about the Company’s ability to continue as a going concern.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To carry out planned operations, the Company must raise additional funds through additional equity and/or debt issuances or through profitable operations. There can be no assurance that this capital or positive operational income will be available to the Company, and if it is not, the Company may be forced to curtail or cease exploration and development activities. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty </p> | ||
zn |
Net Loss Attributable To Parent
NetLossAttributableToParent
|
4800000 | usd | |
CY2022Q2 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
228300000 | usd |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
37061435 | shares |
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
34216856 | shares |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
zn |
Common Stock Equivalents
CommonStockEquivalents
|
16426527 | shares | |
zn |
Common Stock Equivalents
CommonStockEquivalents
|
15248643 | shares | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><b>B. Use of Estimates</b> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of expenses. Such estimates include the valuation of unproved oil and gas properties, deferred tax assets, asset retirement obligations, borrowing rate of interest consideration for leases accounting and legal contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency, and energy markets have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The full extent to which the COVID-19 pandemic may directly or indirectly impact our business, results of operations and financial condition, will depend on future developments that are uncertain, including as a result of new information that may emerge concerning COVID-19 and the actions taken to contain it or treat COVID-19, as well as the economic impact on local, regional, national and international markets. We have made estimates of the impact of COVID-19 within our consolidated financial statements, and although there is currently no major impact, there may be changes to those estimates in future periods. Actual results may differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
53250000 | usd | |
CY2021 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
46950000 | usd |
CY2020Q1 | zn |
Remaining Amount Held In Escrow Deposit
RemainingAmountHeldInEscrowDeposit
|
250000 | usd |
CY2020Q1 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
4350000 | usd |
CY2020Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
1000000 | usd |
CY2020Q1 | zn |
Purchase Price Of Drilling Ring
PurchasePriceOfDrillingRing
|
5600000 | usd |
CY2020Q1 | zn |
Consumable Inventory
ConsumableInventory
|
540000 | usd |
CY2020Q1 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
48000 | usd |
us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P10Y | ||
CY2021Q4 | zn |
Drilling Rig Associatedand Equipment
DrillingRigAssociatedandEquipment
|
6834000 | usd |
zn |
Asset Additions
AssetAdditions
|
346000 | usd | |
zn |
Asset Depreciation
AssetDepreciation
|
-371000 | usd | |
zn |
Asset Disposals For Self Consumption
AssetDisposalsForSelfConsumption
|
-171000 | usd | |
CY2022Q2 | zn |
Drilling Rig Associatedand Equipment
DrillingRigAssociatedandEquipment
|
6638000 | usd |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q2 | zn |
Option To Purchase Shares Of Common Stock
OptionToPurchaseSharesOfCommonStock
|
25000 | shares |
CY2021Q2 | zn |
Exercise Price Per Share
ExercisePricePerShare
|
0.29 | |
zn |
Share Based Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
|
6000 | usd | |
zn |
Unrecognized Compensation Cost
UnrecognizedCompensationCost
|
843000 | usd | |
zn |
Shares Exercise Price
SharesExercisePrice
|
0.25 | ||
CY2022Q2 | us-gaap |
Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
|
1566000 | usd |
us-gaap |
Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
|
12993000 | usd | |
CY2021Q2 | us-gaap |
Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
|
10939000 | usd |
us-gaap |
Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
|
13788000 | usd | |
CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q2 | zn |
Right Subscription Price Per Share
RightSubscriptionPricePerShare
|
5 | |
CY2018Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3 | |
CY2020Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3 | |
CY2022Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
4735000 | usd |
CY2021Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
7590000 | usd |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
5363000 | usd | |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
14592000 | usd | |
CY2022Q2 | zn |
Capitalized Salary Costs Unproved Properties
CapitalizedSalaryCostsUnprovedProperties
|
69000 | usd |
CY2021Q2 | zn |
Capitalized Salary Costs Unproved Properties
CapitalizedSalaryCostsUnprovedProperties
|
56000 | usd |
zn |
Capitalized Salary Costs Unproved Properties
CapitalizedSalaryCostsUnprovedProperties
|
121000 | usd | |
zn |
Capitalized Salary Costs Unproved Properties
CapitalizedSalaryCostsUnprovedProperties
|
117000 | usd | |
CY2021Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
25000 | usd |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
104000 | usd | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
347000 | usd |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
728000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
816000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1762000 | usd | |
CY2022Q2 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
5151000 | usd |
CY2021Q2 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
8399000 | usd |
us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
6300000 | usd | |
us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
16575000 | usd | |
CY2022Q2 | zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
571000 | usd |
CY2021Q2 | zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
460000 | usd |
zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
1708000 | usd | |
zn |
Inclusive Non Cash Amount
InclusiveNonCashAmount
|
2902000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y3M29D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.037 | pure |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
140000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
201000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
12000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
353000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
9000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
344000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
68000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
137000 | usd | |
CY2021Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
65000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
128000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
71000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
143000 | usd | |
CY2021Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
71000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
143000 | usd | |
CY2022Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
136000 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
136000 | usd | |
CY2021Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
128000 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
128000 | usd | |
CY2022Q2 | zn |
Bank Guarantee To Government
BankGuaranteeToGovernment
|
1218000 | usd |
CY2022Q2 | zn |
Bank Guarantees To Other
BankGuaranteesToOther
|
63000 | usd |
CY2022Q2 | us-gaap |
Other Commitment
OtherCommitment
|
1281000 | usd |
us-gaap |
Foreign Currency Transactions Description
ForeignCurrencyTransactionsDescription
|
A portion of our expenses, primarily labor expenses and certain supplier contracts, are denominated in New Israeli Shekels (“NIS”). As a result, we have significant exposure to the risk of fluctuating exchange rates with the U.S. Dollar (“USD”), our primary reporting currency. During the period January 1, 2022 through June 30, 2022, the USD has fluctuated by approximately 12.5% against the NIS (the USD strengthened relative to the NIS). By contrast, during the period January 1, 2021 through December 31, 2021, the USD fluctuated by approximately 3.3% against the NIS (the USD weakened relative to the NIS). Continued strengthening of the US dollar against the NIS will result in lower operating costs from NIS denominated expenses. To date, we have not hedged any of our currency exchange rate risks, but we may do so in the future. | ||
CY2022Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
7074000 | usd |
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Security12b Title
Security12bTitle
|
N/A | ||
dei |
Trading Symbol
TradingSymbol
|
N/A | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NONE | ||
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q2 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | |
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | ||
us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
usd | ||
CY2022Q2 | zn |
Gainloss On Derivative Liability
GainlossOnDerivativeLiability
|
usd | |
zn |
Gainloss On Derivative Liability
GainlossOnDerivativeLiability
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248672000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
439039000 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
471946000 | shares |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
usd | ||
zn |
Cost Of Options Issued To Employees Attributed To Oil And Gas Properties
CostOfOptionsIssuedToEmployeesAttributedToOilAndGasProperties
|
usd | ||
zn |
Convertible Bond Interest Paid In Shares
ConvertibleBondInterestPaidInShares
|
usd | ||
zn |
Convertible Bond Principal Paid In Shares
ConvertibleBondPrincipalPaidInShares
|
usd | ||
zn |
Convertible Shares Related To Senior Convertible Bonds
ConvertibleSharesRelatedToSeniorConvertibleBonds
|
usd | ||
zn |
Capitalized Convertible Bond Interest Attributed To Oil And Gas Properties
CapitalizedConvertibleBondInterestAttributedToOilAndGasProperties
|
usd | ||
CY2022Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
usd | ||
CY2022Q2 | zn |
Other Utility Cost
OtherUtilityCost
|
usd | |
CY2021Q2 | zn |
Other Utility Cost
OtherUtilityCost
|
usd | |
zn |
Other Utility Cost
OtherUtilityCost
|
usd | ||
zn |
Other Utility Cost
OtherUtilityCost
|
usd | ||
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
usd | |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
usd | |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
usd | |
zn |
License Cost
LicenseCost
|
usd | ||
CY2021 | zn |
License Cost
LicenseCost
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001131312 | ||
dei |
Entity File Number
EntityFileNumber
|
001-33228 |