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Merger and Acquisitions (Narrative) (Details) (USD $)
 9 Months Ended 9 Months Ended
Sep. 30, 2013
Silver Tech
Sep. 30, 2013
CDE
Jan. 04, 2011
CDE
Sep. 30, 2013
Portables
Oct. 11, 2011
Portables
Business Acquisition, Effective Date of Acquisition Jan. 04, 2011 Jan. 04, 2011   Oct. 11, 2011  
Business Acquisition, Name of Acquired Entity

Silver Tech Enterprises Ltd

 

 

 

 

 

Celestial Digital Entertainment, Ltd., ("CDE")

  

Portables Unlimited LLC

  
Business Acquisition, Description of Acquired Entity

On June 1, 2010, Zoom pursuant to a share exchange agreement dated April 29, 2010, acquired 100% of the shares of Silver Tech Enterprises Ltd, incorporated in the BVI and its wholly owned subsidiaries Ever Elite Corporation Limited, incorporated in Hong Kong, and Nollec Wireless Company Ltd., ("Nollec Wireless"), incorporated in the PRC. Nollec Wireless is engaged in mobile phone and wireless communication device design.

 

 

 

On June 1, 2010, Zoom pursuant to a share exchange agreement dated April 29, 2010, acquired 100% of the shares of Silver Tech Enterprises Ltd, incorporated in the BVI and its wholly owned subsidiaries Ever Elite Corporation Limited, incorporated in Hong Kong, and Nollec Wireless Company Ltd., ("Nollec Wireless"), incorporated in the PRC. Nollec Wireless is engaged in mobile phone and wireless communication device design.

  

The Company acquired 55% ownership of Portables on October 11, 2011. As of October 11, 2011, Portables' liabilities exceeded its assets by $9,290,241. The purchase consideration was $9,851,486 which resulted in goodwill of $27,005,953. The Company acquired Portables for two reasons; (a) to diversify its revenue sources, and (b) to gain access to the most mature mobile handset market in the world. The Company's ownership in Portables has been reduced to 50.1% as of December 31, 2012. The Company is currently in default of a loan with Portables Unlimited, Inc. and its ownership of Portables could be transferred to Portables Unlimited, Inc. if the default is not cured.

 

 

  
Business Combination, Reason for Business Combination  

As of December 31, 2012, as part of the Company's disposal of Profit Harvest the Company has indirectly disposed of CDE, accordingly, all of the goodwill related to CDE has been written off.

  

The Company acquired Portables for two reasons; (a) to diversify its revenue sources, and (b) to gain access to the most mature mobile handset market in the world.

  
Business Acquisition, Cost of Acquired Entity     $ 1,818,000   $ 9,851,486
Business Acquisition, Percentage of Voting Interests Acquired     100.00%   50.10%