XML 28 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
LITIGATION
3 Months Ended
Mar. 31, 2016
LITIGATION [Abstract]  
LITIGATION
NOTE 12 – LITIGATION
 
ZAP is in arrears with the settlement payment to Hogan & Lovells. The current negotiated balance due is $779,500.  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. As of March 31, 2016 and December 31, 2015, the Company accrued approximately $0.7 million for this litigation.