For the Three Months Ended March 31, 2013

As Previously

As Currently

Reported

Adjustment

Reported

(Restated)

Net revenues

$

7,365,230

$

(7,365,230)

$

-

Cost of sales

5,893,746

(5,893,746)

-

Gross profit

1,471,484

(1,471,484)

-

Total operating expenses

2,292,010

(1,637,860)

654,150

Loss from operations

(820,526)

166,376

(654,150)

Other (expense) income, net

(470,915)

(14,503)

(485,418)

Loss before income taxes for continuing operations

(1,291,441)

151,873

(1,139,568)

Income taxes for continuing operations

2,250

-

2,250

Loss from continuing operations

(1,293,691)

151,873

(1,141,818)

Discontinued Operations:

Loss from discontinued operations, net of tax

(358,568)

-

(358,568)

Loss on disposal, net tax

-

Loss from discontinued operations

(358,568)

-

(358,568)

Net loss

$

(1,652,259)

$

151,873

$

(1,500,386)

less: Income (loss) attributable to noncontrolling interest

(189,754)

151,873

(37,881)

Net loss attributable to Zoom Technologies, Inc.

$

(1,462,505)

$

-

$

(1,462,505)

Basic and diluted loss per common share

Basic

$

(0.50)

$

-

$

(0.50)

Diluted

$

(0.50)

$

-

$

(0.50)