CONVERTIBLE BOND	3 Months Ended
Mar. 31, 2014
CONVERTIBLE BOND [Abstract]
CONVERTIBLE BOND	NOTE 6- CONVERTIBLE BOND On June 12, 2013, the Company signed a convertible bond agreement, pursuant to which a Convertible Bond would be put in place to fund the formation of JAZ (Jonway and ZAP) from the ZAP Hangzhou Joint Venture that was formed in 2010 in China, Hangzhou. The Convertible Bond was to be funded at US$2 million with the option to convert to JAZ shares upon listing on the AIM market at a discount of 30% of the IPO price, and if no AIM listing will be achieved within the duration of Bond period then the Convertible Bond can be converted into ZAP shares at 30% below market price based on the average trading prices of the previous 120 days after notification by bond holder for shares conversion in whole or in part of the bond sum. The Convertible Bond bears interest at 12% per annum payable in arrears in full. As of March 31, 2014, the Company received $1.7 million ($1.50 million net of interest) of $2 million, leaving $300,000 yet to be received. A total of $0.18 million in amortization was recorded with the remaining balance of $0.55 million of the discount was offset against the Company's equity account. The Bond has not been fully funded and the remaining $300,000 may not be forthcoming and its settlement date is uncertain. Therefore, the final amount of the Bond will not be determined until either the $300,000 is received or the principal amount of the Bond is reduced to $1.7 million. As of March 31, 2014, only the $1.7 million that has been funded is accounted for in the accompanying consolidated financial statements. Ratification by the Company's board of directors of the final amount of the Bond is pending the definitive payment or nonpayment of the remaining$300,000. On March 30, 2014 and April 22, 2014 a bondholder requested an early conversion of $300,000 of the principle balance of the Bond into shares of the Company's common stock. The Company permitted the bondholder to exercise his conversion rights subject to the terms and conditions of an agreement dated April 23, 2014 which, among other things, calculated conversion prices for the Company's common stock based upon the conversion terms set forth in the Bond. Till our report date, the common stock hasn't been issued yet and will be issued in the 2nd quarter of 2014.

NOTE 6- CONVERTIBLE BOND

On June 12, 2013, the Company signed a convertible bond agreement, pursuant to which a Convertible Bond would be put in place to fund the formation of JAZ (Jonway and ZAP) from the ZAP Hangzhou Joint Venture that was formed in 2010 in China, Hangzhou. The Convertible Bond was to be funded at US$2 million with the option to convert to JAZ shares upon listing on the AIM market at a discount of 30% of the IPO price, and if no AIM listing will be achieved within the duration of Bond period then the Convertible Bond can be converted into ZAP shares at 30% below market price based on the average trading prices of the previous 120 days after notification by bond holder for shares conversion in whole or in part of the bond sum. The Convertible Bond bears interest at 12% per annum payable in arrears in full. As of March 31, 2014, the Company received $1.7 million ($1.50 million net of interest) of $2 million, leaving $300,000 yet to be received. A total of $0.18 million in amortization was recorded with the remaining balance of $0.55 million of the discount was offset against the Company's equity account. The Bond has not been fully funded and the remaining $300,000 may not be forthcoming and its settlement date is uncertain. Therefore, the final amount of the Bond will not be determined until either the $300,000 is received or the principal amount of the Bond is reduced to $1.7 million. As of March 31, 2014, only the $1.7 million that has been funded is accounted for in the accompanying consolidated financial statements. Ratification by the Company's board of directors of the final amount of the Bond is pending the definitive payment or nonpayment of the remaining$300,000.

On March 30, 2014 and April 22, 2014 a bondholder requested an early conversion of $300,000 of the principle balance of the Bond into shares of the Company's common stock. The Company permitted the bondholder to exercise his conversion rights subject to the terms and conditions of an agreement dated April 23, 2014 which, among other things, calculated conversion prices for the Company's common stock based upon the conversion terms set forth in the Bond. Till our report date, the common stock hasn't been issued yet and will be issued in the 2nd quarter of 2014.