XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]        
Net sales $ 5,220 $ 9,929 $ 19,630 $ 36,562
Cost of goods sold (5,840) (9,316) (21,200) (36,254)
Gross profit (620) 613 (1,570) 308
Operating expenses:        
Sales and marketing 1,703 1,224 3,183 4,744
General and administrative 1,448 1,849 5,888 6,368
Research and development 119 120 380 429
Total operating expenses 3,270 3,193 9,451 11,541
Loss from operations (3,890) (2,580) (11,021) (11,233)
Other income (expense):        
Interest expense, net (1,124) (955) (2,998) (2,580)
Loss from equity in joint venture    (82)    (656)
Other Income 212 263 635 791
Total income (expense) (912) (774) (2,363) (2,445)
Loss before income taxes (4,802) (3,354) (13,384) (13,678)
Income tax benefit(expense) (1) 8 (302) 33
Net Loss (4,803) (3,346) (13,686) (13,645)
Less: loss attributable to non-controlling interest 1,390 843 4,127 4,097
Net loss attributable to ZAP's common shareholders (3,413) (2,503) (9,559) (9,548)
Net Loss (4,803) (3,346) (13,686) (13,645)
Other Comprehensive income / (Loss)        
Foreign currency translation adjustments (3) 193 (119) 853
Total comprehensive income (loss) (4,806) (3,153) (13,805) (12,792)
Less : Comprehensive loss attributable to non-controlling interest 1,392 748 4,185 3,679
Comprehensive loss attributable to ZAP $ (3,414) $ (2,405) $ (9,620) $ (9,113)
Net loss per share        
Basic and diluted $ (0.01) $ (0.01) $ (0.03) $ (0.03)
Weighted average number of common shares outstanding:        
Basic and diluted 412,700 302,518 360,632 302,518