SEGMENT REPORTING

3 Months Ended

Mar. 31, 2015

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 7 – SEGMENT REPORTING

Operating Segments

               In accordance with ASC 280, the Company has identified four reportable segments consisting of Jonway Vehicles, Advanced Technology Vehicles, ZAP (Consumer Product) and ZAP Hong Kong. The Jonway Vehicles segment represents sales of the gas fueled Jonway A380 three and five-door sports utility vehicles, minivans and spare parts principally through distributors in China. 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 2013. The Consumer Product segment represents rechargeable portable energy products, our Zapino scooter, and our ZAPPY3 personal transporters. 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 Chief Executive Officer 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. Segment results are summarized as follows (in thousands):

	Jonway Auto			ZAP			ZAP Hong Kong		Totals
For the three months ended March 31,2015
Net sales	$	8,186		$	176			-	$	8,362
Gross profit (loss)	$	(587	)	$	75			-	$	(512	)
Depreciation and amortization	$	1,435		$	657			-	$	2,092
Net loss	$	(3,272	)	$	(1,404	)		-	$	(4,676	)
Total assets	$	69,799		$	19,077			8	$	88,884
For the three months ended March 31, 2014
Net sales	$	6,733		$	88			-	$	6,821
Gross profit (loss)	$	(994	)	$	23			-	$	(971	)
Depreciation and amortization	$	1,423		$	656			-	$	2,079
Net loss	$	(3,334	)	$	(1,677	)			$	(5,011	)
Total assets	$	77,722		$	19,464			138	$	97,324

       Customer information

Approximately 97.9% or $8.2 million of our revenues for the three months ended March 31, 2015 are from sales in China.  Jonway Auto distributes its products to an established network of over 63 factory level dealers in China with no customer contributing to 10% of our consolidated revenue. Approximately 99% or $6.7 million of our revenues for the three months ended March 31, 2014 are from sales in China. Jonway Auto distributes its products to an established network of over 70 factory level dealers in China with one customer contributing to 14% of our consolidated revenue.

Supplier information

For the three months ended March 31 2015 and 2014, approximately 98.8% or $8.7 million and 99% or $7.7 million of the consolidated cost of goods sold were purchased in China. For the three months ended March 31, 2015, Taizhou Geely a tong engine Manufacturing Co. Ltd accounted for 11% of the total purchase. For the three months ended March 31, 2014, and Haerbin Dongan Auto, Engine Manufacturing Co., Ltd. account for 29% of the total purchase.,