XML 42 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,205 $ 1,656
Restricted Cash 16,054 11,763
Notes receivable 714 947
Restricted Notes receivable    678
Accounts receivable 6,398 5,736
Inventories, net 9,619 11,152
Prepaid expenses and other current assets 2,084 502
Total current assets 36,074 32,434
Property, plant and equipment, net 52,521 53,357
Land use rights, net 9,786 9,767
Other assets:    
Investment in joint ventures 417 898
Distribution fee for Jonway Products and Better Worlds Products 10,919 11,279
Intangible assets, net 4,499 4,571
Goodwill 324 324
Due from related party 2,867 3,093
Deposits and other assets 260 241
Total other assets 19,286 20,406
Total assets 117,667 115,964
Current liabilities:    
Short term loans 13,570 8,754
Senior convertible debt 20,084 19,693
Accounts payable 21,677 22,386
Accrued liabilities 7,742 8,549
Notes payable 22,690 18,513
Advances from customers 2,066 3,782
Taxes payable 1,232 850
Due to related party 390 1,159
Other payables 2,688 3,102
Total current liabilities 92,139 86,788
Long term liabilities:    
Warranty costs 205 229
Total liabilities 92,344 87,017
Commitments and contingencies      
ZAP Shareholders' Equity    
Common stock, no par value; 800 million shares authorized; 302,518,002 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 229,870 229,785
Accumulated other comprehensive income 1,295 1,190
Accumulated deficit (220,181) (217,421)
Total ZAP shareholders' equity 10,984 13,554
Non-controlling interest 14,339 15,393
Total equity 25,323 28,947
Total liabilities and equity $ 117,667 $ 115,964