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LITIGATION
6 Months Ended
Jun. 30, 2016
Loss Contingency, Information about Litigation Matters [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 the Company does not default on its 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 June 30, 2016 and December 31, 2015, the Company accrued approximately $0.7 million for this litigation.