XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]    
Net revenues $ 49,773,552 $ 13,476,376
Cost of sales 40,813,304 11,185,774
Gross profit 8,960,248 2,290,602
Operating expenses:    
Selling, general, and administrative expenses 10,088,605 4,785,332
Non-cash equity-based compensation 7,416,937 2,413,992
Total operating expenses 17,505,542 7,199,324
Loss from operations (8,545,294) (4,908,722)
Other income (expenses)    
Interest income 0 51
Interest expense (986,427) (117,697)
Change in fair value of warrants 843,501 3,673,243
Investment loss (429,586) 0
Other income (expense), net (31,211) 805,299
Total other income (expense) (603,723) 4,360,896
Loss before income taxes and noncontrolling interest (9,149,017) (547,826)
Income taxes for continuing operations 190,845 0
Loss before non-controlling interest from continuing operations (9,339,862) (547,826)
less: Income attributable to non-controlling interest of continuing operations 424,047 313,002
Loss attributable to Zoom Technologies, Inc. from continuing operations (9,763,909) (860,828)
Discontinued Operations:    
Income (loss) from discontinued operations, net of tax (11,178,671) 7,494,478
Loss on disposal, net tax (11,860,025) 0
less: Income (loss) attributable to non-controlling interest from discontinued operations (350,094) 255,803
Income (loss) attributable to Zoom Technologies, Inc. from discontinued operations (22,688,602) 7,238,675
Net income (loss) attributable to Zoom Technologies Inc. $ (32,452,511) $ 6,377,847
Basic and diluted loss per common share from continuing operations:    
Basic $ (0.36) $ (0.05)
Diluted $ (0.36) $ (0.05)
Basic and diluted income (loss) per common share from discontinued operations:    
Basic $ (0.84) $ 0.42
Diluted $ (0.84) $ 0.36
Basic and diluted income (loss) per common share:    
Basic $ (1.20) $ 0.37
Diluted $ (1.20) $ 0.32
Weighted average common shares outstanding:    
Basic 27,144,705 17,156,446
Diluted 27,144,705 20,110,099