Business and Organization NZCH Corporation (NZCH or the Company, formerly Zap.Com Corporation) was formed for the purpose of creating and operating a global network of independently owned websites. During the fiscal year ended December 31, 2016 , the Company sold its domain names, including the zap.com domain name. HRG Group, Inc. (the Companys Principal Stockholder) is the holder of approximately 99.5% of NZCHs outstanding common stock and, prior to its reincorporation in December 2009, was named Zapata Corporation. NZCH has no business operations other than complying with its reporting requirements under the Securities Exchange Act of 1934. NZCH 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 NZCH has sufficient resources to satisfy its existing and contingent liabilities and its anticipated operating expenses for at least the next twelve months. On June 21, 2016, the Company sold its domain names, including the Zap.Com domain name, to a third party for $375,000 (the Domain Sale). The Company recognized a gain on the Domain Sale for the fiscal year ended December 31, 2016 . The Company will utilize net operating losses to offset the tax effects on the gain on the Domain Sale and there was a release of previously recorded valuation allowance on the Companys deferred tax assets during the fiscal year ended December 31, 2016 . Effective June 21, 2016, the Company also changed its name from Zap.Com Corporation to NZCH Corporation.