ZION OIL & GAS INC ZN Cash Flow

Zion oil & gas inc (ZN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows from operating activities
Net loss
-1,608	-1,591	-1,619	-1,313	-2,170	-31,800	781	-1,241	-6,251	-181	-1,462	-4,971	-3,375	-1,767	-1,724	-3,470	-1,552	-816	-2,003	-2,078	-2,409	-1,599	-1,250	-1,643	-2,264	-2,985	-1,241	-1,610	-3,241
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation
15	11	13	13	12	12	13	17	14	14	13	12	10	10	15	16	15	15	15	15	16	16	20	22	22	22	22	22	20
Interest paid through issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Write-off of costs associated with public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Capital gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	0	0	0	10	0	43	0	0	-	-	-	-	-	-	-	-	-	-	-	0
Cost of options issued to employees, directors and others as non-cash compensation
56	139	137	25	15	76	178	305	948	50	35	349	2,034	141	152	2,408	172	567	691	263	178	-	-	150	102	-	-	-	-
Interest and foreign exchange on short term and long term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	17	-	7	-4	10	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount related to convertible bonds
180	49	17	131	169	60	67	97	161	63	-55	173	144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and finance expense accrued on convertible bonds and amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on derivative liability
16	44	90	460	-378	639	3,448	968	-3,534	-	-	-	273	148	81	502	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of unproved oil and gas properties
-	0	86	65	163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of unproved oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,438	0	0	1,851
Change in assets and liabilities, net:
Share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cost of options issued to employees, directors & others
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	138	235	212
Other deposits
-197	3	184	-140	-130	-10	-47	-196	-7	10	-3	269	264	-	0	0	0	13	-11	15	-17	-11	-21	6	1	-	-	-	-
Decrease in inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Prepaid expenses and other
163	268	-80	-97	-41	205	-69	-107	-2	228	-204	-152	215	195	-75	-120	-13	195	-28	-49	-38	124	-45	-119	26	-100	0	89	-89
Governmental receivables
-24	-320	335	13	-355	-358	151	6	-675	1,146	-544	489	84	31	29	-214	-31	-24	373	-16	-140	39	-5	-101	203	-25	-243	304	-598
Lease obligation - current
1	15	8	6	210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease obligation - non current
-73	-19	-47	-48	564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of Use Lease Assets
-52	-5	-46	-45	730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables
199	-134	231	-14	-14	-125	124	0	21	-1,318	1,366	4	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance pay
-	-28	16	0	-3	-	1	9	-2	-3	6	3	-4	-10	24	0	7	-7	8	-9	5	-2	3	1	-9	8	-4	-2	-54
Accounts payable
110	-91	-3	-51	-28	-45	243	-15	-108	170	-143	104	-116	-91	230	-39	-281	239	-29	84	-33	-21	16	-234	231	-70	-4	69	7
Interest on short term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	6
Asset retirement obligation
-14	74	-13	-5	-24	-	-	-	-	-	-	-	-	0	-1	0	-3	-241	-55	351	-14	-116	-13	-19	-172	-368	-153	134	0
Accrued liabilities
-288	-83	106	4	-162	-	-25	162	50	52	-175	172	-87	86	12	53	-562	-899	107	63	791	-461	-99	-171	267	-46	-115	13	44
Net cash used in operating activities
-1,726	-1,380	-2,013	-1,350	-1,066	-1,659	-1,849	-1,334	-991	-1,597	-2,309	-1,898	-2,256	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in deferred officers' compensation (net)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,115	-2,170	-	-1,600	-1,261	-1,271	-1,481	-1,229	-1,680	-2,053	-1,513	-1,120	-1,535	-480
Cash flows from investing activities
Redemption of short-term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	503	-	0	11	-42	-	14	0	-531	317	-485	-200	835	1,055	0	28	0
Investment in long-term bank deposits
-	-	-	-	-	-	-	-	-	-	-	-	76	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment
3	4	1	1	2	4	5	2	8	19	4	26	16	5	5	4	12	12	3	3	1	6	0	9	20	29	5	15	8
Acquisition of drilling rig and related equipment
4,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unproved oil and gas properties
162	2,661	783	709	2,448	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	0	0	0	14	0	44	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unproved oil and gas properties
-	-	-	-	-	-	-	-	5,489	4,396	3,504	1,862	1,058	336	225	387	244	541	179	176	217	190	711	208	404	176	192	136	756
Net cash used in investing activities
-4,774	-2,665	-784	-710	-2,450	-2,042	-5,495	-2,916	-5,497	-4,415	-3,508	-1,309	-1,639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-402	-214	-	-196	-179	313	-513	-226	-17	-1,259	-1,260	-197	-179	-764
Cash flows from financing activities
Payments related to capital lease
4	2	3	3	3	3	1	3	2	-	2	3	15	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
4	6	0	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of 10% Senior Convertible Bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	815	2,655	0	0	0	0	-	-	-	-	-	-	-	-
Deferred offering costs
-	-	-	-	-	0	-43	3,160	-79	-	-	-	0	83	-1	-82	-2	-134	4	-4	0	-	-	-	-	-	-	-	-
Proceeds from issuance of stock and exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	4,580	1,524	702	1,352	760	659	1,405	1,231	428	912	558	1,216	702	-	-	-	-
Deferred financing costs on debt conversions and modification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan proceeds - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan principal repayments - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loan proceeds - other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from issuance of stock and exercise of warrants
9,109	5,334	3,262	3,108	2,528	1,173	6,655	2,118	3,835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,370	554	0
Costs associated with the issuance of stock and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,085	3,413	-	1,409	1,227	428	912	558	1,216	702	555	1,370	554	0
Net cash provided by financing activities
9,109	5,338	3,259	3,105	2,526	1,170	6,612	5,293	3,754	7,640	7,348	3,970	4,565	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase/(decrease) in cash, cash equivalents and restricted cash
2,609	1,293	462	1,045	-990	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease), increase in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-2,734	1,628	1,531	763	670	-556	-726	568	1,029	-1,343	-387	-213	-530	-1,082	-897	-481	-2,610	-2,218	53	-1,160	-1,244
Supplemental schedule of cash flow information
Cash paid for interest
1	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash investing and financing activities:
10% Senior convertible bonds - cash held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Payment of note payable through issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of accounts payable through issuance of note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Financing costs paid through issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Increase in accounts payable for financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Waived interest on debt conversions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Shares issued for debt conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Value of warrants granted to underwriters
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cost of options capitalized to oil & gas properties
-	-	-	-	-	9	11	31	297	65	0	0	191	0	0	213	0	0	87	0	7	89	1	1	1	16	6	16	28
10% Senior convertible bonds - cash held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	815	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid investments in oil & gas properties
57	-868	748	-451	587	1,403	-1,845	1,390	1,998	255	1,674	1,141	806	8	-36	-195	248	21	-13	-25	72	86	32	-4	17	-	-	-	-
Subscription receivable for the sale of stock
-	-	-	-	-	-	-	-	-	-	-	-	650	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
10% Senior Convertible Bonds converted to shares
-	-	-	-	-	1	7	20	148	3	89	56	1	-4	12	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment under capital lease
-	-	-	-	-	-	-	-	-	0	0	0	71	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized convertible bond interest attributed to oil and gas properties
20	132	143	28	10	87	88	70	86	88	258	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in oil & gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	19	-561
Transfer of inventory to oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0