XML 33 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 90 $ 238
Restricted cash 9,219 10,673
Notes receivable 64 81
Accounts receivable, net 2,364 2,724
Inventories, net $ 8,074 8,380
Prepaid taxes 110
Prepaid expenses and other current assets $ 1,193 377
Total current assets 21,004 22,583
Property, plant and equipment, net 37,284 42,595
Land use rights, net 9,178 9,711
Other assets:    
Distribution fees, net 8,319 9,399
Intangible assets, net 2,705 3,195
Goodwill 321 332
Due from related parties $ 2,844 2,791
Deposits and other assets 390
Total other assets $ 14,189 16,107
Total assets 81,655 90,996
Current liabilities:    
Short term loans 5,657 9,849
Accounts payable 20,834 21,389
Senior convertible debt 786 20,679
Accrued liabilities 3,117 3,848
Notes payable 16,906 17,747
Advances from customers 7,232 7,139
Taxes payable 1,543 1,266
Due to related party 9,832 7,121
Other payables 2,695 3,094
Total current liabilities 68,602 $ 92,132
Long term liabilities:    
Senior convertible debt 20,679
Accrued liabilities and others 821 $ 745
Total long term liabilities 21,500 745
Total liabilities $ 90,102 $ 92,877
Commitments and contingencies
Equity (Deficiency)    
Common stock, no par value; 800 million shares authorized; 578,465,159 and 461,395,508 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively $ 251,670 $ 244,368
Accumulated other comprehensive income 1,592 1,655
Accumulated deficit (259,198) (250,000)
Total ZAP shareholders' equity (deficiency) (5,936) (3,977)
Non-controlling interest (2,511) 2,096
Total equity (deficiency) (8,447) (1,881)
Total liabilities and equity (deficiency) $ 81,655 $ 90,996