XML 28 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 2,203 $ 1,503
Restricted cash 275  
Accounts receivable, net of allowance of $19 in 2011 and $27 in 2010 2,230 294
Due from related party-Jonway 2,716  
Marketable securities 1,371 1,888
Notes receivable Jonway dealers 776  
Deferred Tax asset 380  
Inventories, net of reserve of $856 in 2011 and $619 in 2010 12,353 1,822
Prepaid expenses and other current assets 2,025 266
Total current assets 24,329 5,773
Property and equipment, net 45,658 173
Other assets:    
Investment in non-consolidated joint venture 665 808
Distribution fees for Jonway and Better World products net of amortization of $2,041 in 2011 and $961 in 2010 14,519 15,599
Intangible assets, net of amortization of $451 in 2011 and $0 in 2010 17,304  
Goodwill 6,517  
Deposit on Zhejiang Jonway Auto   11,000
Deposits and other asset, net 217 159
Total assets 109,209 33,512
LIABILITIES AND SHAREHOLDERS' EQUITY    
8 % Senior Convertible debt, net of discount 8,109  
Short term debt and notes 2,272 668
Accounts payable 14,441 328
Accrued liabilities 10,520 2,197
Advances from customers 1,873  
Other payables 645  
Jonway purchase price payable 5,400  
Due to related party 2,753  
Taxes payable 888  
Total current liabilities 46,901 3,193
Long term liabilities:    
Derivative liability   5,539
Accrued Liabilities 372  
Total long term liabilities 372 5,539
Total liabilities 47,273 8,732
Commitments and contingencies (Note 8)    
Equity:    
Common stock, 800 million shares authorized; no par value; 215,107,078 and 207,254,789 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 207,932 179,691
Accumulated other comprehensive income (loss) 541 (112)
Accumulated deficit (175,378) (154,799)
Total ZAP shareholders' equity 33,095 24,780
Non controlling interest 28,841  
Total shareholders' equity 61,936 24,780
Total liabilities and shareholders' equity $ 109,209 $ 33,512