Investors

Financials

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 9,749,572 $ 418,082
Accounts Receivable, Net 747,792 741,844
Prepaid Expenses 704,721 147,230
Inventory 1,909,330 949,448
Total Current Assets 13,111,415 2,256,604
Property, Equipment and Leasehold Improvements, Net 10,464,764 6,694,975
Goodwill 28,921,260
Intangible Assets, Net 23,627,098 118,932
Deposits 54,193 94,528
TOTAL ASSETS 76,178,730 9,165,039
Current Liabilities:    
Accounts Payable and Accrued Expenses 2,417,400 1,119,459
Derivative Liability 6,987,000 743,400
Short-Term Debt 564,324 917,363
Income Taxes Payable 615,830
Contingent Consideration 12,085,859  
Total Current Liabilities 22,670,413 2,780,222
Long-Term Liabilities:    
Long-Term Debt 1,354,352
Deferred Tax Liability, Net 44,000
Total Long-Term Liabilities 1,354,352 44,000
Total Liabilities 24,024,765 2,824,222
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value $0.001:; 990,000,000 Shares Authorized as of December 31, 2016; 350,000,000 Shares Authorized as of December 31, 2015; 553,863,812 Shares Issued and Outstanding as of December 31, 2016; 303,023,744 Shares Issued and Outstanding as of December 31, 2015 553,864 303,024
Additional Paid-In Capital 124,915,182 51,843,071
Accumulated Deficit (72,870,999) (45,952,109)
Total Terra Tech Corp. Stockholders' Equity 52,634,873 6,210,286
Non-Controlling Interest (480,908) 130,531
Total Stockholders' Equity 52,153,965 6,340,817
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 76,178,730 9,165,039
Convertible Series B Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value 36,826 16,300
Convertible Series A Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value

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v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Condensed Consolidated Statements Of Operations      
Total Revenues $ 25,327,763 $ 9,975,346 $ 7,094,270
Cost of Goods Sold 22,755,080 8,958,475 6,941,278
Gross Profit 2,572,683 1,016,871 152,992
Selling, General and Administrative Expenses 20,720,535 9,833,646 18,341,247
Loss from Operations (18,147,851) (8,816,775) (18,188,255)
Other (Expense) Income:      
Amortization of Debt Discount (1,414,202) (696,180)
Loss on Extinguishment of Debt (5,382,813) (619,444)
Loss from Derivatives Issued With Debt Greater Than Debt Carrying Value (1,487,500) (561,000) (4,808,000)
Gain (Loss) on Fair Market Valuation of Derivatives (1,844,500) 1,800,100 1,912,037
Interest Expense (377,349) (469,576) (1,096,324)
Gain on Fair Market Valuation of Contingent Consideration 668,694  
Total Other (Expense) Income (9,837,670) (546,100) (3,992,287)
Loss Before Provision for Income Taxes (27,985,521) (9,362,875) (22,180,542)
Provision for Income Taxes 44,000
Net Loss (27,985,521) (9,406,875) (22,180,542)
Net Loss Attributable to Non-Controlling Interests 1,066,631 181,295 291,330
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (26,918,890) $ (9,225,580) $ (21,889,212)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted $ (0.07) $ (0.04) $ (0.13)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted 389,359,598 240,194,811 174,297,430

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v3.7.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Loss $ (26,918,890) $ (9,225,580) $ (21,889,212)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
(Gain) Loss on Fair Market Valuation of Derivatives (1,844,500) 1,800,100 1,912,037
Gain (Loss) on Fair Market Valuation of Derivatives (1,844,500) 1,800,100 1,912,037
Loss on Extinguishment of Debt 5,382,813 619,444
Amortization of Debt Discount 1,414,202 696,180
Deferred Tax Expense   44,000
Depreciation and Amortization 2,536,413 645,294 438,783
Warrants Issued With Common Stock and Debt 467,066 1,148,069 5,038,986
Stock Issued for Interest Expense 396,555
Stock Issued for Compensation 3,177,659 680,630 3,027,647
Stock Issued for Director Fees 334,424
Stock Issued for Services 2,406,061 1,010,112 3,714,553
Stock Option Expense 190,355
Equity Instruments Issued With Debt Greater Than Debt Carrying Amount 1,487,500 561,000 4,808,000
Change in Accounts Receivable Reserve (168,619) 153,660 18,140
Changes in Operating Assets and Liabilities:      
Accounts Receivable 162,671 (478,041) (393,700)
Prepaid Expenses (32,274) (65,030) (81,343)
Inventory (797,596) (279,268) (670,180)
Note Receivable 173,754
Deposits (133) 50 5,422
Accounts Payable and Accrued Expenses 65,530 1,164,308 (528,723)
Income Tax Payable (254,100)
Net Cash Used in Operations (9,517,012) (5,125,272) (7,853,355)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash Assumed in Acquisition 163,566
Purchase of Property and Equipment (4,316,094) (1,851,045) (2,337,370)
Purchase of Intangible Assets - Domain Names (75,000) (12,440)
Net Cash Used in Investing Activities (4,227,528) (1,851,045) (2,349,810)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Issuance of Notes Payable 17,479,335 2,150,000 7,344,737
Proceeds from Issuance of Notes Payable to Related Parties 27,500
Payments on Notes Payable (1,000,000) (303,474)
Payments on Notes Payable to Related Parties (130,000)
Proceeds from Issuance of Common Stock 4,058,134 3,975,888 4,014,919
Proceeds from Issuance of Common Stock from the Exercise of Warrants 3,150,000 293,420
Short swing profit payment 67,100
Payments By Subsidiaries for Non-Controlling Interest (1,066,631) (181,295) (291,330)
Cash Contribution from Non-Controlling Interest 455,192 603,156
Net Cash Provided by Financing Activities 23,076,030 6,547,749 11,022,872
NET CHANGE IN CASH AND CASH EQUIVALENTS 9,331,490 (428,568) 819,707
Cash and Cash Equivalents at Beginning of Period 418,082 846,650 26,943
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,749,572 418,082 846,650
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:      
Cash Paid for Interest 13,500 4,500 285,371
Cash Paid for Income Taxes 400,000
SUPPLEMENTAL DISCLOSURE FOR FINANCING ACTIVITIES:      
Warrant Expense 142,766    
Issuance of Common Stock for Debt and Interest Expense $ 13,558,388 $ 5,773,320 $ 3,654,026

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