XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Net revenues $ 0 $ 0
Cost of goods sold 0 0
Gross profit 0 0
Selling, general, and administrative expenses 414,785 654,150
Loss from operations (414,785) (654,150)
Other income (expenses)    
Interest income 85 0
Interest expense 0 (73,911)
Change in fair value of warrants 0 (6,375)
Equity method net investment loss (377,005) (405,069)
Other income (expense), net 153,070 (63)
Other (expense) income, net (223,850) (485,418)
Loss before income taxes and noncontrolling interest (638,635) (1,139,568)
Income taxes for continuing operations 1,529 2,250
Loss from continuing operations (640,164) (1,141,818)
Income (loss) from discontinued operations, net of tax 99,040 (358,568)
Loss on disposal, net of tax 0 0
Income (loss) from discontinued operations 99,040 (358,568)
Net loss (541,124) (1,500,386)
less: Loss attributable to noncontrolling interest (55,592) (37,881)
Net loss attributable to Zoom Technologies Inc. (485,532) (1,462,505)
Basic and diluted loss per common share from continuing operations:    
Basic $ (0.21) $ (0.39)
Diluted $ (0.21) $ (0.39)
Basic $ 0.05 $ (0.11)
Diluted $ 0.05 $ (0.11)
Basic and diluted loss per common share:    
Basic $ (0.16) $ (0.50)
Diluted $ (0.16) $ (0.50)
Weighted average common shares outstanding:    
Basic 3,008,569 2,946,795
Diluted 3,008,569 2,946,795
Amounts attributable to Zoom Technologies, Inc. common shareholders    
Loss from continuing operations (640,164) (1,141,818)
Income (loss) from discontinued operations 154,632 (320,687)
Net loss attributable to Zoom Technologies Inc. $ (485,532) $ (1,462,505)