XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,629 $ 1,656
Restricted Cash 10,758 11,763
Notes receivable 185 947
Restricted Notes receivable    678
Accounts receivable 5,351 5,736
Inventories, net 8,034 11,152
Prepaid expenses and other current assets 1,007 502
Total current assets 27,964 32,434
Property, plant and equipment, net 48,004 53,357
Land use rights, net 10,008 9,767
Other assets:    
Investment in joint ventures    898
Distribution agreements for Jonway Products and Better Worlds Products, net 9,839 11,279
Intangible assets, net 4,280 4,571
Goodwill 334 324
Due from related party 6,061 3,093
Deposits and other assets 543 241
Total other assets 21,057 20,406
Total assets 107,033 115,964
Current liabilities:    
Short term loans 14,961 8,754
Convertible Bond 1,153   
Senior convertible debt 20,679 19,693
Accounts payable 23,648 22,386
Accrued liabilities 7,874 8,549
Notes payable 15,695 18,513
Advances from customers 5,233 3,782
Taxes payable 1,704 850
Due to related party 2,409 1,159
Other payables 3,574 3,102
Total current liabilities 96,930 86,788
Long term liabilities:    
Accrued liabilities and others 752 229
Total liabilities 97,682 87,017
Commitments and contingencies      
ZAP Shareholders' Equity    
Common stock, no par value; 800 million shares authorized; 302,518,002 and 302,448,325 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 231,125 229,785
Accumulated other comprehensive income 1,707 1,190
Accumulated deficit (232,417) (217,421)
Total ZAP shareholders' equity 415 13,554
Non-controlling interest 8,936 15,393
Total equity 9,351 28,947
Total liabilities and equity $ 107,033 $ 115,964