NOTE 13 – LOSS PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share reflects the potential dilution of securities by including other potential common stock, including convertible preferred stock, stock options and warrants, in the weighted average number of common shares outstanding for the period, if dilutive. The numerators and denominators used in the computations of basic and dilutive earnings (loss) per share are presented in the following table:

	December 31,
	2016			2015
Net loss attributable to ZAP’s common shareholders	$	(23,482	)	$	(14,144	)
Weighted average shares used in basic and diluted computation		589,673			502,660
Earnings (loss) per share – Basic and diluted
Net loss before noncontrolling interest		(0.05	)		(0.04	)
Added: Net loss attributable to noncontrolling interest		0.01			0.01
Net loss attributable to ZAP’s common shareholders		(0.04	)		(0.03	)

Anti-dilutive shares as of December 31:
Warrants outstanding		38,000			38,000
Options outstanding		11,427			11,427

For the years ended December 31, 2016 and 2015, there were 11.4 million options, and 38.0 million warrants not included in the diluted loss per share as they would be anti-dilutive.