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LITIGATION
6 Months Ended
Jun. 30, 2015
LITIGATION [Abstract]  
LITIGATION
NOTE 11 – LITIGATION

 

ZAP is in arrears with the settlement payment to Hogan & Lovells. The current negotiated balance due is $779,500  as of June 30, 2015. In 2013, Hogan & Lovells agreed to reduce the total amount owed by $453,827, as long as we did not default on our payment agreement. If Hogan & Lovells does seek a judgment, the total balance due immediately would be $1,233,327. Currently ZAP is seeking additional funding, and is working with prospective investors or lenders so ZAP can resume the installment payments to Hogan & Lovells.