XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 112 $ 60
Restricted cash 10,806 8,988
Notes receivable 135
Accounts receivable, net 5,552 5,915
Inventories, net 7,173 7,743
Prepaid taxes 147
Prepaid expenses and other current assets 529 574
Total current assets 24,307 23,427
Property, plant and equipment, net 32,351 35,893
Land use rights, net 8,619 8,930
Other assets:    
Distribution fees, net 6,239 6,959
Intangible assets, net 2,298 2,513
Goodwill 307 314
Due from related parties 1,334 1,614
Total other assets 10,178 11,400
Total assets 75,455 79,650
Current liabilities:    
Short term loans 10,084 7,702
Accounts payable 21,284 21,486
Senior convertible debt 21,465 21,465
Accrued liabilities 4,115 4,000
Notes payable 13,049 14,366
Advances from customers 6,556 7,391
Taxes payable 1,314 1,638
Due to related parties 16,707 13,978
Other payables 2,161 2,256
Total current liabilities 96,735 94,282
Long term liabilities:    
Accrued liabilities and others 149 152
Total long term liabilities 149 152
Total liabilities 96,884 94,434
Commitments and contingencies
Deficiency    
Common stock, no par value; 800 million shares authorized; 578,465,159 and 578,465,159 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 251,725 251,689
Accumulated other comprehensive income 1,312 1,359
Accumulated deficit (268,747) (264,144)
Total ZAP shareholders' deficiency (15,710) (11,096)
Non-controlling interest (5,719) (3,688)
Total deficiency (21,429) (14,784)
Total liabilities and deficiency $ 75,455 $ 79,650