Document_and_Entity_Informatio
Document and Entity Information Document (USD $) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2013 | Mar. 28, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 50,004,474 | ' |
Document Type | ' | '10-K | ' | ' |
Amendment Flag | ' | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | ' | '2013 | ' | ' |
Document Fiscal Period Focus | ' | 'FY | ' | ' |
Trading Symbol | ' | 'ZPCM | ' | ' |
Entity Registrant Name | ' | 'ZAP COM CORP | ' | ' |
Entity Central Index Key | ' | '0001083243 | ' | ' |
Current Fiscal Year End Date | ' | '--12-31 | ' | ' |
Entity Filer Category | ' | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | ' | 'No | ' | ' |
Entity Current Reporting Status | ' | 'Yes | ' | ' |
Entity Voluntary Filers | ' | 'No | ' | ' |
Entity Public Float | ' | ' | ' | $315,028.19 |
Balance_Sheet
Balance Sheet (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Cash and Cash Equivalents, at Carrying Value | $825,291 | $972,510 |
Assets | 825,291 | 972,510 |
Accrued Liabilities, Current | 4,750 | 20,158 |
Liabilities | 4,750 | 20,158 |
Commitments and Contingencies | ' | ' |
Common Stock, Value, Issued | 50,004 | 50,004 |
Additional Paid in Capital | 11,045,983 | 11,008,850 |
Retained Earnings (Accumulated Deficit) | -10,275,446 | -10,106,502 |
Stockholders' Equity Attributable to Parent | 820,541 | 952,352 |
Liabilities and Equity | $825,291 | $972,510 |
Balance_Sheet_Parenthetical_Pa
Balance Sheet (Parenthetical) (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Par value | $0.01 | ' |
Authorized | 150,000,000 | ' |
Issued | 0 | 0 |
Outstanding | 0 | 0 |
Par value | $0.00 | ' |
Authorized | 1,500,000,000 | ' |
Common Stock, Shares, Issued | 50,004,474 | 50,004,474 |
Outstanding | 50,004,474 | 50,004,474 |
Statements_of_Operations
Statements of Operations (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Revenues | $0 | $0 | $0 |
Cost of Revenue | 0 | 0 | 0 |
Gross Profit | 0 | 0 | 0 |
General and Administrative Expense | 168,944 | 232,910 | 179,171 |
Operating Expenses | 168,944 | 232,910 | 179,171 |
Operating Income (Loss) | -168,944 | -232,910 | -179,171 |
Interest Income, Other | 0 | 833 | 1,075 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -168,944 | -232,077 | -178,096 |
Income Tax Expense (Benefit) | 0 | 0 | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($168,944) | ($232,077) | ($178,096) |
Earnings Per Share, Basic and Diluted | $0 | ' | ' |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 50,004,474 | 50,004,474 | 50,004,474 |
Statements_of_Shareholders_Equ
Statements of Shareholders' Equity (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Stockholders' Equity, Total [Member] | Stockholders' Equity, Total [Member] | Stockholders' Equity, Total [Member] | Stockholders' Equity, Total [Member] | |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($168,944) | ($232,077) | ($178,096) | ' |
Common Stock, Shares, Issued | 50,004,474 | 50,004,474 | 50,004,474 | 50,004,474 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Value, Issued | 50,004 | 50,004 | 50,004 | 50,004 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Paid in Capital | ' | ' | ' | ' | 11,045,983 | 11,008,850 | 10,972,071 | 10,941,471 | ' | ' | ' | ' | ' | ' | ' | ' |
Retained Earnings (Accumulated Deficit) | ' | ' | ' | ' | ' | ' | ' | ' | -10,275,446 | -10,106,502 | -9,874,425 | -9,696,329 | ' | ' | ' | ' |
Contributed capital from Harbinger Group Inc. for unreimbursed management services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,133 | 36,779 | 30,600 | ' |
Stockholders' Equity Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $820,541 | $952,352 | $1,147,650 | $1,295,146 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($168,944) | ($232,077) | ($178,096) |
Contributed capital from Harbinger Group Inc. for unreimbursed management services | 37,133 | 36,779 | 30,600 |
Increase (Decrease) in Accrued Interest Receivable, Net | 0 | 700 | -525 |
Increase (Decrease) in Accounts Payable | 0 | -488 | -398 |
Increase (Decrease) in Accrued Liabilities | -15,408 | 15,280 | 4,878 |
Net Cash Provided by (Used in) Operating Activities | -147,219 | -179,806 | -143,541 |
Payments to Acquire Investments | 0 | 0 | 748,941 |
Proceeds from Sale, Maturity and Collection of Investments | 0 | 748,941 | 749,450 |
Net Cash Provided by (Used in) Investing Activities | 0 | 748,941 | 509 |
Cash and Cash Equivalents, Period Increase (Decrease) | -147,219 | 569,135 | -143,032 |
Cash and Cash Equivalents, at Carrying Value | $825,291 | $972,510 | ' |
Business_and_Organization
Business and Organization | 12 Months Ended |
Dec. 31, 2013 | |
Business and Organization [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Business and Organization | |
Zap.Com Corporation (“Zap.Com” or the “Company”) was formed for the purpose of creating and operating a global network of independently owned websites. Harbinger Group Inc. (the Company’s “Principal Stockholder”) is the holder of approximately 98% of Zap.Com’s outstanding common stock and, prior to its reincorporation in December 2009, was named Zapata Corporation. Zap.Com has no business operations other than complying with its reporting requirements under the Securities Exchange Act of 1934. Zap.com may search for assets or businesses to acquire so that it may in the future become an operating company, or it may sell assets and/or liquidate our operations. | |
Management believes that Zap.Com has sufficient resources to satisfy its existing and contingent liabilities and its anticipated operating expenses for at least the next twelve months. |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Significant Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
Significant Accounting Policies | |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results reported in future periods could differ from these estimates. The Company’s significant estimates relate to the valuation allowance for its deferred income tax assets (see Note 3). | |
Cash and Cash Equivalents | |
The Company principally invests its excess cash in U.S. Government instruments. All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. | |
Investments | |
The Company also invests in U.S. Government instruments with maturities greater than three months. As the Company has both the intent and the ability to hold these securities to maturity, they are considered held-to-maturity investments. These investments are carried at amortized cost, which is original cost adjusted for the amortization of any premiums and discounts, plus accrued interest. The accrued interest is included in “Interest receivable” in the accompanying balance sheets. The carrying amounts approximate fair value. | |
Income Taxes | |
The Company recognizes deferred income tax assets and liabilities for the expected future tax consequences of existing temporary differences between the financial reporting and tax-reporting bases of assets and liabilities, and net operating loss and tax credit carryforwards for tax purposes. The Company is included in its Principal Stockholder’s consolidated U.S. Federal income tax return. The Company’s income tax provision is calculated under the separate return method and allocated to the Company based on its stand-alone contribution of taxable income/loss to consolidated taxable income. | |
A valuation allowance is provided to reduce deferred income tax assets to a level which, more likely than not, will be realized. Primary factors considered by management to determine the amount of the valuation allowance include the estimated taxable income in for future years and the limitations on the use of such carryforwards and their expiration dates. | |
The Company also applies the accounting guidance for uncertain tax positions which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides information on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. | |
Net Loss Per Share | |
Basic and diluted net loss per share has been computed by dividing the net loss by the weighted average number of shares of common stock outstanding. | |
Recently Issued Accounting Pronouncements Not Yet Adopted | |
There are no recent accounting pronouncements that have not yet been adopted that the Company believes may have a material impact on its financial statements. | |
Subsequent Events | |
The Company evaluated subsequent events through the date when the financial statements were issued. During this period, the Company did not have any material recognizable, or unrecognizable, subsequent events. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
Income Taxes | |||||||||
As a result of a full valuation allowance provided against deferred tax assets on net operating loss carryforwards, the Company has no resulting income tax benefits for the years ended December 31, 2013, 2012 and 2011. The components of the Company’s deferred income tax assets and associated valuation allowance at December 31, 2013 and December 31, 2012 are as follows: | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
Net operating loss carryforwards | $ | 279,960 | $ | 280,569 | |||||
Total deferred tax assets | 279,960 | 280,569 | |||||||
Less: valuation allowance | (279,960 | ) | (280,569 | ) | |||||
Net deferred income taxes | $ | — | $ | — | |||||
The Company believes sufficient uncertainty exists regarding the realizability of its deferred tax assets such that a full valuation allowance is required. As of December 31, 2013, the Company had approximately $800,000 of net operating loss carryforwards which will expire beginning in 2029. In the event there is another change of control in the ownership of the Company, as defined by the IRC, the annual utilization of the net operating losses could be further limited. | |||||||||
The Company did not have any unrecognized tax benefits related to uncertain tax positions as of December 31, 2013 or 2012. Future amounts of accrued interest and penalties, if any, related to uncertain tax positions would be recorded as a component of income tax expense. The Company does not expect that the amount of unrecognized tax benefits will change significantly in the next twelve months. | |||||||||
The Company has been, and expects to continue to be for the foreseeable future, a member of its Principal Stockholder’s consolidated tax group and is subject to Federal income tax examinations for years after 2010 and state and local income tax examinations for years after 2008. Although the Company has entered into a tax sharing and indemnity agreement with its Principal Stockholder, if the Principal Stockholder or members of its consolidated tax group (other than the Company) fail to pay tax liabilities arising prior to the time that the Company is no longer a member of its Principal Stockholder’s consolidated tax group, the Company could be required to make payments in respect of these tax liabilities and these payments could materially adversely affect its financial condition. |
Stock_Options_and_Stock_Issuan
Stock Options and Stock Issuance Plans | 12 Months Ended |
Dec. 31, 2013 | |
Stock Options and Stock Issuance Plans [Abstract] | ' |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' |
Stock Options and Stock Issuance Plans | |
The Company’s 1999 Long-Term Incentive Plan (the “1999 Plan”) allows the Company to provide awards to existing and future officers, employees, consultants and directors of the Company from time to time. The 1999 Plan is intended to promote the long-term financial interests and growth of the Company by providing employees, officers, directors, and consultants of the Company with appropriate incentives and rewards to enter into and continue in the employment of, or relationship with, the Company and to acquire a proprietary interest in the long-term success of the Company. | |
Under the 1999 Plan, 3,000,000 shares of common stock are available for awards. As of December 31, 2013, there were 3,000,000 shares available for grant under the 1999 Plan. The 1999 Plan provides for the grant of any or all of the following types of awards: stock options, stock appreciation rights, stock awards, cash awards, or other rights or interests. Allocations of awards are made by the Company’s board of directors at its sole discretion within the provisions of the 1999 Plan. As of December 31, 2013 and 2012, there were no cash awards or other rights or interests outstanding under the 1999 Plan. | |
Stock appreciation rights are rights to receive, without payment to the Company, cash or shares of common stock with a value determined by reference to the difference between the exercise or strike price of the stock appreciation rights and the fair market value or other specified valuation of the shares at the time of exercise. Stock appreciation rights may be granted in tandem with stock options or separately. | |
Stock awards may consist of shares of common stock and may provide for voting rights and dividend equivalent rights. The Company may specify conditions for awards, including vesting service and performance conditions. Vesting conditions may include, without limitation, provision for acceleration in the case of a change-in-control of the Company, vesting conditions and performance conditions, including, without limitation, performance conditions based on achievement of specific business objectives, increases in specified indices and attaining specified growth measures or rates. | |
At December 31, 2013 and 2012, the Company had no stock-based compensation awards outstanding and, therefore, no unrecognized compensation cost. The Company had no stock-based grants and no options exercised during the years ended December 31, 2013, 2012 and 2011. As a result, there were no stock-based compensation costs recognized in the Company’s statements of operations for the years ended December 31, 2013, 2012 and 2011. |
Committment_and_Contingencies
Committment and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Commitments and Contingencies | |
The Company does not have any commitments or contingencies that it believes may be material to its financial statements. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Related Party Transactions | |
Since its inception, the Company has utilized the services of the management and staff of its Principal Stockholder, under a shared services agreement that allocated these costs on a percentage of time basis. The Company also shares office space with its Principal Stockholder under such agreement. Through December 31, 2013, the Principal Stockholder has waived its rights under the shared services agreement to be reimbursed with cash for these costs, however the Company settled the obligation through a deemed contribution of capital. The Company recorded $37,133, $36,779, and $30,600 as contributed capital for such services for the years ended December 31, 2013, 2012 and 2011, respectively. The Company believes these allocations were made on a reasonable basis; however, they do not necessarily represent the costs that would have been incurred by the Company on a stand-alone basis. |
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information (Unaudited) [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||
Quarterly Financial Information (Unaudited) | |||||||||||||||||
Quarter Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | — | $ | — | $ | — | $ | — | |||||||||
Gross profit | — | — | — | — | |||||||||||||
Operating loss | (66,144 | ) | (48,371 | ) | (23,095 | ) | (31,334 | ) | |||||||||
Net loss | (66,144 | ) | (48,371 | ) | (23,095 | ) | (31,334 | ) | |||||||||
Net loss per share (basic and diluted) | — | — | — | — | |||||||||||||
Quarter Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | — | $ | — | $ | — | $ | — | |||||||||
Gross profit | — | — | — | — | |||||||||||||
Operating loss | (90,880 | ) | (41,175 | ) | (37,425 | ) | (63,430 | ) | |||||||||
Net loss | (90,616 | ) | (40,920 | ) | (37,176 | ) | (63,365 | ) | |||||||||
Net loss per share (basic and diluted) | — | — | — | — | |||||||||||||
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Significant Accounting Policies [Abstract] | ' |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results reported in future periods could differ from these estimates. The Company’s significant estimates relate to the valuation allowance for its deferred income tax assets (see Note 3). | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
Cash and Cash Equivalents | |
The Company principally invests its excess cash in U.S. Government instruments. All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. | |
Investment, Policy [Policy Text Block] | ' |
Investments | |
The Company also invests in U.S. Government instruments with maturities greater than three months. As the Company has both the intent and the ability to hold these securities to maturity, they are considered held-to-maturity investments. These investments are carried at amortized cost, which is original cost adjusted for the amortization of any premiums and discounts, plus accrued interest. The accrued interest is included in “Interest receivable” in the accompanying balance sheets. The carrying amounts approximate fair value. | |
Income Tax, Policy [Policy Text Block] | ' |
Income Taxes | |
The Company recognizes deferred income tax assets and liabilities for the expected future tax consequences of existing temporary differences between the financial reporting and tax-reporting bases of assets and liabilities, and net operating loss and tax credit carryforwards for tax purposes. The Company is included in its Principal Stockholder’s consolidated U.S. Federal income tax return. The Company’s income tax provision is calculated under the separate return method and allocated to the Company based on its stand-alone contribution of taxable income/loss to consolidated taxable income. | |
A valuation allowance is provided to reduce deferred income tax assets to a level which, more likely than not, will be realized. Primary factors considered by management to determine the amount of the valuation allowance include the estimated taxable income in for future years and the limitations on the use of such carryforwards and their expiration dates. | |
The Company also applies the accounting guidance for uncertain tax positions which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides information on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Net Loss Per Share | |
Basic and diluted net loss per share has been computed by dividing the net loss by the weighted average number of shares of common stock outstanding. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recently Issued Accounting Pronouncements Not Yet Adopted | |
There are no recent accounting pronouncements that have not yet been adopted that the Company believes may have a material impact on its financial statements. | |
Subsequent Events, Policy [Policy Text Block] | ' |
Subsequent Events | |
The Company evaluated subsequent events through the date when the financial statements were issued. During this period, the Company did not have any material recognizable, or unrecognizable, subsequent events. |
Income_Taxes_Details
Income Taxes (Details) (USD $) | Dec. 31, 2013 |
Income Taxes [Abstract] | ' |
Operating Loss Carryforwards | $800,000 |
Income_Taxes_Schedule_of_Defer
Income Taxes Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes [Abstract] | ' | ' |
Document Fiscal Year Focus | '2013 | ' |
Deferred Tax Assets, Operating Loss Carryforwards | $279,960 | ' |
Deferred Tax Assets, Gross | 279,960 | 280,569 |
Deferred Tax Assets, Valuation Allowance | -279,960 | -280,569 |
Deferred Tax Assets, Net of Valuation Allowance | $0 | $0 |
Stock_Options_and_Stock_Issuan1
Stock Options and Stock Issuance Plans (Details) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | ' | 3,000,000 |
Document Period End Date | 31-Dec-13 | 31-Dec-13 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | 3,000,000 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Related Party Transaction [Line Items] | ' | ' | ' |
Contributed capital from Harbinger Group Inc. for unreimbursed management services | $37,133 | $36,779 | $30,600 |
Quarterly_Financial_Data_Detai
Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income (Loss) | -31,334 | -23,095 | -48,371 | -66,144 | -63,430 | -37,425 | -41,175 | -90,880 | -168,944 | -232,910 | -179,171 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($31,334) | ($23,095) | ($48,371) | ($66,144) | ($63,365) | ($37,176) | ($40,920) | ($90,616) | ($168,944) | ($232,077) | ($178,096) |
Earnings Per Share, Basic and Diluted | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ' | ' |