Investors

Financials

v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 5,153,608 $ 5,445,582
Accounts Receivable 1,210,446 959,698
Notes Receivable 6,158,731 5,010,143
Inventory 3,840,773 5,760,019
Assets Held for Sale 904,352  
Prepaid Expenses and Other Current Assets 1,086,989 1,067,689
Total Current Assets 18,354,899 18,243,131
Property, Equipment and Leasehold Improvements, Net 34,940,408 19,191,616
Intangible Assets, Net 26,696,348 27,773,110
Goodwill 28,921,260 28,921,260
Other Assets 878,098 4,058,682
TOTAL ASSETS 109,791,013 98,187,799
Current Liabilities:    
Accounts Payable and Accrued Expenses 4,076,973 5,444,710
Derivative Liabilities 1,891,400 9,331,400
Total Current Liabilities 5,968,373 14,776,110
Long-Term Liabilities:    
Long-Term Debt, Net of Discounts 12,811,403 6,609,398
Total Long-Term Liabilities 12,811,403 6,609,398
Total Liabilities 18,779,776 21,385,508
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value 0.001: 990,000,000 Shares Authorized as of June 30, 2018 and December 31, 2017; 70,852,978 and 61,818,560 Shares Issued and Outstanding as of June 30, 2018 and December 31, 2017, respectively 70,853 61,819
Additional Paid-In Capital 216,839,872 181,357,715
Accumulated Deficit (127,008,525) (105,548,602)
Total Terra Tech Corp. Stockholders' Equity 89,902,200 75,870,932
Non-Controlling Interest 1,109,037 931,359
Total Stockholders' Equity 91,011,237 76,802,291
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 109,791,013 98,187,799
Convertible Series A Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Convertible Series B Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value

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v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Consolidated Statements Of Operations        
Total Revenues $ 8,718,177 $ 7,842,873 $ 17,333,543 $ 14,667,329
Cost of Goods Sold 6,509,754 6,336,500 13,477,680 12,801,893
Gross Profit 2,208,423 1,506,373 3,855,863 1,865,436
Selling, General and Administrative Expenses 8,002,370 6,029,287 16,424,918 12,415,587
Loss from Operations (5,793,947) (4,522,914) (12,569,055) (10,550,151)
Other Income (Expense):        
Amortization of Debt Discount (417,363) (515,654) (885,680) (1,126,270)
Loss on Extinguishment of Debt (3,127,477) (1,639,137) (7,858,723) (2,678,595)
Gain (Loss) on Fair Market Valuation of Derivatives (1,653,000) 987,200 628,000 2,597,950
Interest Expense, Net (331,379) (130,510) (591,000) (288,343)
Loss on Fair Market Valuation of Contingent Consideration (77,286) (4,426,047)
Gain on Settlement of Contingent Consideration 4,991,571 4,991,571
Total Other Income (Expense) (5,529,219) 3,616,184 (8,707,403) (929,734)
Net Loss (11,323,166) (906,730) (21,276,458) (11,479,885)
Net Income (Loss) Attributable to Non-Controlling Interest 104,837 (452,961) 183,465 (914,128)
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (11,428,003) $ (453,769) $ (21,459,923) $ (10,565,757)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted $ (0.17) $ (0.01) $ (0.32) $ (0.28)
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted 68,734,997 38,873,092 66,734,450 38,349,946

Source

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (21,276,458) $ (11,479,885)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Gain on Fair Market Valuation of Derivatives (628,000) (2,597,950)
Loss on Fair Market Valuation of Contingent Consideration 4,426,047
Cancellation of shares issued (117,831)
Gain on Settlement of Contingent Consideration (4,991,571)
Loss on Extinguishment of Debt 7,858,723 2,678,595
Amortization of Debt Discount 885,680 1,126,270
Interest income Accreted (136,877)
Depreciation and Amortization 2,147,499 1,778,782
Warrants Issued with Common Stock and Debt 211,534
Stock Issued for Compensation 552,992 1,356,138
Stock Issued for Director Fees 221,973
Stock Issued for Services 123,727 591,359
Stock Option Compensation 954,698 205,019
Changes in Operating Assets and Liabilities:    
Accounts Receivable (250,748) (36,279)
Inventory 1,879,923 (1,323,742)
Prepaid Expenses and Other Current Assets (572,072) (533,808)
Other Assets (120,191) (166,925)
Accounts Payable and Accrued Expenses (1,174,458) 1,383,860
NET CASH USED IN OPERATING ACTIVITIES (9,873,393) (7,150,583)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of Note Receivable (1,011,711)
Purchase of Property, Equipment and Leasehold Improvements (7,447,564) (1,036,233)
NET CASH USED IN INVESTING ACTIVITIES (8,459,275) (1,036,233)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 15,000,000 6,000,000
Cash Paid for Debt Discount (645,000) (180,000)
Proceeds from Issuance of Common Stock, Warrants and Common Stock Subscribed 3,650,000 3,750,000
Payment of Contingent Consideration (2,088,000)
Proceeds from Exercise of Warrants 76,000
Cash (Distribution) Contribution from Non-Controlling Interest (5,787) 86,550
NET CASH PROVIDED BY FINANCING ACTIVITIES 18,075,213 7,568,550
NET CHANGE IN CASH (257,455) (618,266)
NET CHANGE IN CASH CLASSIFIED WITHIN CURRENT ASSETS HELD FOR SALE (34,519)
Cash at Beginning of Period 5,445,582 9,749,572
CASH AT END OF PERIOD 5,153,608 9,131,306
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 428,334
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of Contingent Consideration 4,739,638
Purchase of Land and Building with a Mortgage 6,500,000
Gain on Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital 4,692,697
Fair Value of Debt Discount and Derivative liability Recorded 8,760,000 4,446,000
Issuance of Common Stock for Debt and Interest Expense 29,926,761 8,564,324
Claw back of Escrow Shares From The Tech Center Drive Asset Acquisition 351,072
Issuance of Common Stock for Other Assets 200,000
Fair Value of Warrants Issued for Debt Discount 475,916
Deposits Applied to the Purchase of property 3,500,000
Assets Classified as Held for Sale $ 904,352

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