Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Segment Reporting

NOTE 13 – SEGMENT REPORTING

Operating Segments

     In accordance with Accounting Standards Codification ("ASC") Topic 280, Segment Reporting, the Company has identified four reportable segments consisting of Jonway Vehicles, Advanced Technology Vehicles, Consumer Product and Car Outlet. The Jonway Vehicles segment represents sales of the gas fueled Jonway A380 three and five-door sports utility vehicles and spare parts principally through distributors in China. Jonway and ZAP are also jointly developing various electric vehicles anticipated to enter into the electric vehicle market during 2012. The Advanced Technology Vehicles segment represents sales and marketing outside of China of the ZAPTRUCK XL, the ZAPVAN Shuttle and the Xebra® Sedan and will transition to selling mostly Jonway's EV A380SUV and EV minivan in 2012. The Consumer Product segment represents rechargeable portable energy products, our Zapino scooter, and our ZAPPY3 personal transporters. Our Car Outlet segment represents operation of a retail car outlet that sells pre-owned conventional vehicles and advanced technology vehicles. These segments are strategic business units that offer different services. They are managed separately because each business requires different resources and strategies. The Company's chief operating decision making group, which is comprised of the Co-Chief Executive Officers and the senior executives of each of ZAP's strategic segments, regularly evaluate the financial information about these segments in deciding how to allocate resources and in assessing performance. The performance of each segment is measured based on its profit or loss from operations before income taxes.

     The performance of each segment is measured based on its profit or loss from operations attributed to ZAP before income taxes. Segment results are summarized as follows (in thousands):

		Jonway			Electric						Advanced
		Conventional			Consumer						Technology
		Vehicles			Products			Car outlet			Vehicles			Total
For the three months ended March 31,
2012:
Net sales	$	11,989		$	114		$	73		$	5		$	12,181
Gross profit (loss)	$	723		$	28		$	7		$	(56	)	$	702
Depreciation, amortization and	$	1,244		$	546		$	2		$	7		$	1,799
Net loss	$	(1,118	)	$	(2,119	)	$	(34	)	$	(168	)	$	(3,439	)
Total assets	$	89,745		$	26,265		$	447		$	250		$	116,707
For the three months ended March 31,
2011:
Restated
Net sales	$	10,947		$	200		$	365		$	196		$	11,708
Gross profit (loss)	$	910		$	48		$	58		$	19		$	1,035
Depreciation, amortization and	$	856		$	509		$	2		$	6		$	1,373
Net loss	$	(1,183	)	$	(4,971	)	$	(54	)	$	(407	)	$	(6,615	)
Total assets	$	70,499		$	37,543		$	537		$	1,936		$	110,515

     Operating segments do not sell products to each other, and accordingly, there is no inter-segment revenue to be reported. Jonway Automobile results have been included since the acquisition date of January 21, 2011.

Customer information

     Approximately 99 % or $11.9 million of our revenues for the three months ended March 31, 2012 are from sales in China. Jonway Auto distributes its products to an established network of over 100 factory level dealers in China with some contributing to more than 10% of our consolidated revenue