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Organization and Nature of Business Operations (Narrative) (Details)
3 Months Ended
Mar. 31, 2014
Gold Lion Holding Limited
 
Entity Incorporation, State Country Name British Virgin Islands
Entity Incorporation, Date of Incorporation Sep. 22, 2009
Jiangsu Leimone Electronics Co. Ltd
 
Entity Incorporation, State Country Name People's Republic of China
Entity Incorporation, Date of Incorporation Sep. 22, 2009
Tianjin Tong Guang Group Digital Communication Co., Ltd
 
Entity Incorporation, State Country Name People's Republic of China
Entity Incorporation, Date of Incorporation Sep. 22, 2009
Disposal Date Sep. 30, 2013
Profit Harvest Corporation Limited
 
Entity Incorporation, State Country Name Hong Kong
Entity Incorporation, Date of Incorporation Sep. 22, 2009
Disposal Date Dec. 31, 2012
Silver Tech Enterprises Ltd
 
Entity Incorporation, State Country Name British Virgin Islands
Entity Incorporation, Date of Incorporation Jun. 01, 2010
Ever Elite Corporation Limited
 
Entity Incorporation, State Country Name Hong Kong
Entity Incorporation, Date of Incorporation Jun. 01, 2010
Disposal Date Apr. 05, 2013
Nollec Wireless Company Ltd
 
Entity Incorporation, State Country Name People's Republic of China
Entity Incorporation, Date of Incorporation Jun. 01, 2010
Disposal Date Apr. 05, 2013
Celestial Digital Entertainment, Ltd.
 
Entity Incorporation, State Country Name Hong Kong
Entity Incorporation, Date of Incorporation Jan. 04, 2011
Disposal Date Dec. 31, 2012
Zoom USA Holdings, Inc.
 
Entity Incorporation, State Country Name Delaware
Entity Incorporation, Date of Incorporation Oct. 11, 2011
Loan Default

 

Portables Unlimited LLC
 
Loan Default

As of July 15, 2013, the Company was in default of the promissory note for $2,000,000 owed to Portables Unlimited, Inc. The promissory note was collateralized by the Company's ownership percentage in Portables. As of the date of this report, the Company was not able to recover its investment. As a result, Zoom ceased to have a an equity interest in Portables and did not retain an investment in it on the date of default, July 15, 2013, accordingly, the Company recognized a loss which includes a complete write off of its investment in Portables. The Company recorded a loss on disposal of approximately $11.5 million related to its write-off of Portables.

Zoom Technologies, Inc.
 
Entity Incorporation, State Country Name Delaware
Entity Incorporation, Date of Incorporation Feb. 28, 2002
Description and Timing of Disposal

On December 31, 2012, Zoom Technologies, Inc. ("Zoom" or the "Company") entered into a Share Purchase Agreement (the "SPA") with Beijing Zhumu Culture Communication Company, Ltd. ("BZCC"), a PRC company that provides services to the telecommunication industry. Pursuant to the SPA, the Company agreed to sell (the "Subsidiary Sale") to the Purchaser all the equity interests the Company holds in its China based subsidiaries (except for SpreadZoom Technologies Co., Ltd. ("SpreadZoom") as mentioned below), which include 100% of the outstanding equity interest of Ever Elite Corporation Limited, an intermediary holding company incorporated in Hong Kong, and its wholly owned subsidiary, Nollec, 80% of the outstanding equity interest of TCB Digital, 100% of the outstanding equity interest of Profit Harvest Corporation, Ltd. ("Profit Harvest"), and 100% of the outstanding equity interest of Celestial Digital Entertainment, Ltd. ("CDE"). As consideration for the Subsidiary Sale, the Purchaser agreed to pay to the Company RMB 200 million (approximately US$31.7 million) (the "Purchase Price"), subject to adjustment pending an appraisal by an independent third party appraiser. The Company on October 24, 2012 received approximately $12.6 million (RMB 80 million) less bank charges; the Company on November 5, 2012, received $19.1 million (RMB 120 million) less transaction fees and bank charges. As of the date of this report, the Purchaser has remitted the entire amount of RMB 200 million to the Company, of which RMB120 million was initially held in escrow pending the closing of the Subsidiary Sale. Of this amount, a portion of the funds, approximately RMB 80 million, has been released to the Company to use; accordingly, in the normal course of business, the Company deployed those funds to SpreadZoom and Tianjin Leimone as detailed in "Note 11 - Related Party Transactions". The RMB 80 million released from escrow was a negotiated amount between the Company and the Purchaser. On December 30, 2013, BZCC assigned its purchase right to TCB Digital to Tianjin Huatianli Trading Co., Ltd. ("Huatianli"). On December 30, 2013, the Company consented to the assignment between BZCC and Huatianli and agreed to amend the SPA to reflect the change. In connection with the assignment, RMB120 million, representing the balance of the Purchase Price that was being held in escrow pending the closing of all of the sales under the SPA, was agreed upon to be released within 10 business days to a Company-designated bank account. Of that amount, approximately RMB 68 million was available for the Company's immediate use, and approximately RMB52 million, representing the purchase price for TCB Digital, was be monitored by Huatianli until the closing of the TCB Digital sale. As of the date of this report the RMB 120 million is held in a wealth management account at New Times Trust Holding Co., Ltd. The Company's Chief Executive Officer has unencumbered sole signing and dispositive rights to that account. As of May 16, 2014, the Company has received payment in full from Huatianli for the sale of TCB Digital and the Company has completed the transfer of Jiangsu Leimone's ownership interest in TCB Digital to Huatianli. Since the Company received payment separately from Huantianli for RMB 52 million, the Company is obligated to repay RMB 52 million to BZCC from the RMB 120 million held in the wealth management account.

The Company's ownership interest in SpreadZoom, which owns and operates mobile phone manufacturing facilities in Tianjin, was not part of the Subsidiary Sale.

The closing of the sale of Profit Harvest and CDE occurred on December 31, 2012; the closing of the sale of Ever Elite and Nollec occurred on April 5, 2013

As disclosed above, as of July 15, 2013, the Company has completely written off its investment in Portables Unlimited, LLC.

As of May 31, 2014, the Company's board of directors decided that it would explore the sale of SpreadZoom; Huatianli, the buyer of TCB Digital has expressed interest in buying the SpreadZoom but has not given a formal offer with a price that is acceptable to the Company; however, subsequent to March 31, 2014, Huatianli made a deposit of RMB 2 million with the Company indicating its intent to purchase. The Company is currently awaiting an evaluation report to be issued by a third party appraisal firm to determine an appropriate sales price.