Investors

Financials

v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash $ 1,922 $ 7,193
Accounts Receivable 2,310 1,247
Inventory 3,777 2,280
Assets Held for Sale 11,122 7,501
Prepaid Expenses and Other Current Assets 1,081 741
Total Current Assets 20,212 18,962
Property, Equipment and Leasehold Improvements, Net 43,441 34,139
Intangible Assets, Net 28,137 18,466
Goodwill 36,757 35,173
Other Assets 10,671 897
Other Investments 5,000 12,451
TOTAL ASSETS 144,218 120,088
Current Liabilities:    
Accounts Payable and Accrued Expenses 8,612 6,901
Total Current Liabilities 8,612 6,901
Long-Term Liabilities:    
Long-Term Debt, Net of Discounts 15,863 18,313
Long-Term Lease Liabilities 9,603
Total Long-Term Liabilities 25,466 18,313
Total Liabilities 34,078 25,214
STOCKHOLDERS EQUITY:    
Common Stock, Par Value 0.001: 990,000,000 Shares Authorized as of June 30, 2019 and December 31, 2018; 109,105,288 and 81,759,415 Shares Issued and Outstanding as of June 30, 2019 and December 31, 2018, respectively (1) 109 [1] 82 [2]
Additional Paid-In Capital 255,112 236,543
Accumulated Deficit (157,965) (142,754)
Total Terra Tech Corp. Stockholders Equity 97,256 93,871
Non-Controlling Interest 12,884 1,003
Total Stockholders Equity 110,140 94,874
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 144,218 120,088
Convertible Series A Preferred Stock [Member]    
STOCKHOLDERS EQUITY:    
Preferred Stock
Convertible Series B Preferred Stock [Member]    
STOCKHOLDERS EQUITY:    
Preferred Stock
[1] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[2] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.

Source

v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Total Revenues $ 10,372 $ 8,718 $ 17,730 $ 17,334
Cost of Goods Sold 5,457 5,046 8,811 10,539
Gross Profit 4,915 3,672 8,919 6,795
Selling, General and Administrative Expenses 12,048 9,862 23,564 20,155
Loss from Operations (7,133) (6,190) (14,645) (13,360)
Other Income (Expense):        
Impairment of Assets (510) (510)
Interest Expense, Net (4,061) (3,676) (6,989) (8,602)
Other Income/Loss 1,022 1,070
Gain / (Loss) on Interest in Equity Investment 350 5,949
Total Other Income (Expense) (3,199) (3,676) (480) (8,602)
Income / (Loss) from Subsidiaries
Net Loss (10,332) (9,866) (15,125) (21,962)
Net Income (Loss) Attributable to Non-Controlling Interest (191) 105 86 183
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP $ (10,141) $ (9,971) $ (15,211) $ (22,146)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders Basic and Diluted (1) $ (0.10) [1] $ (0.15) [2] $ (0.15) [3] $ (0.33) [4]
Weighted-Average Number of Common Shares Outstanding Basic and Diluted (1) 105,360,358 [5] 68,734,997 [6] 99,319,032 [7] 66,734,450 [8]
[1] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[2] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[3] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[4] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[5] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[6] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[7] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.
[8] Adjusted to reflect the 1-for-15 reverse stock split. See Note 1 Description of Business.

Source

v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (15,125) $ (21,962)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Cancellation of Shares Issued (58) (118)
Gain on Sale of Assets (966)
Non-Cash Interest Expense 6,091 8,174
Interest Income Accreted (137)
Depreciation and Amortization 4,024 2,939
Operating Lease Expense 1,024
Stock Issued for Compensation 390 553
Stock Issued for Services 59 124
Stock Option Expense 2,236 955
Gain on Revaluation of Equity Interests (5,949)
Impairment Loss 510  
Other Non-Cash Gain (130)
Changes in Operating Assets and Liabilities:
Accounts Receivable (932) (251)
Inventory (1,502) 1,880
Prepaid Expenses and Other Current Assets (276) (572)
Other Assets (186) (120)
Accounts Payable and Accrued Expenses 1,758 (1,337)
Payments on Operating Lease Liabilities (991)
NET CASH USED IN OPERATING ACTIVITIES (10,023) (9,872)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of Note Receivable (1,012)
Purchase of Property, Equipment and Leasehold Improvements (3,629) (7,448)
Purchase of Equity investment (402)
Cash acquired from NuLeaf acquisition 127
Proceeds from Sales of Assets 1,321
NET CASH USED IN INVESTING ACTIVITIES (2,583) (8,460)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 10,000 15,000
Payments of Debt Principal (1,000)
Cash Paid for Debt Discount (150) (645)
Proceeds from Issuance of Common Stock 3,850 3,650
Proceeds from Exercise of Warrants 76
Cash Paid for Acquisition of Non-Controlling Interest (6,250)
Cash Contribution (Distribution) from Non-Controlling Interest 885 (6)
NET CASH PROVIDED BY FINANCING ACTIVITIES 7,335 18,075
NET CHANGE IN CASH (5,271) (257)
NET CHANGE IN CASH CLASSIFIED WITHIN CURRENT ASSETS HELD FOR SALE (35)
Cash at Beginning of Period 7,193 5,446
CASH AT END OF PERIOD 1,922 5,154
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 909 428
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Consolidation of Joint Venture Net Assets 11,914
Financing Fees in Accounts Payable 145
Purchase of Land and Building with a Mortgage 6,500
Claw Back of Escrow Shares $ 351
Stock Issued for Assets 200
Warrants Issued in Conjunction with Debt 228 476
Deposits Applied to the Purchase of Property $ 3,500
Beneficial Conversion Feature Recorded for Convertible Debt 5,633 4,835
Debt Principal Converted to Common Stock $ 11,200 $ 30,600

Source