Investors

Financials

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash $ 5,807 $ 7,193
Accounts Receivable 1,862 1,247
Inventory 4,505 2,280
Assets Held for Sale 7,509 7,501
Prepaid Expenses and Other Current Assets 923 741
Total Current Assets 20,606 18,963
Property, Equipment and Leasehold Improvements, Net 46,432 34,139
Intangible Assets, Net 25,708 18,466
Goodwill 35,973 35,173
Other Assets 11,115 897
Other Investments 5,300 12,451
TOTAL ASSETS 145,133 120,088
Current Liabilities:    
Accounts Payable and Accrued Expenses 9,222 6,901
Total Current Liabilities 9,222 6,901
Long-Term Liabilities:    
Long-Term Debt, Net of Discounts 13,031 18,313
Long-Term Lease Liabilities 7,786
Total Long-Term Liabilities 20,817 18,313
Total Liabilities 30,039 25,214
STOCKHOLDERS’ EQUITY:    
Common Stock, Par Value 0.001: 990,000,000 Shares Authorized as of March 31, 2019 and December 31, 2018; 100,648,444 and 81,759,415 Shares Issued and Outstanding as of March 31, 2019 and December 31, 2018, respectively (1) 101 82
Additional Paid-In Capital (1) [1] 253,066 236,543
Accumulated Deficit (147,442) (142,754)
Total Terra Tech Corp. Stockholders’ Equity 105,725 93,870
Non-Controlling Interest 9,369 1,003
Total Stockholders’ Equity 115,094 94,874
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 145,133 120,088
Convertible Series A Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred Stock, Value
Convertible Series B Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred Stock, Value
[1] (1) Adjusted to reflect the one-for-15 reverse stock split. See "Note 1 - Description of Business."

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v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Consolidated Statements Of Operations    
Total Revenues $ 7,358 $ 8,615
Cost of Goods Sold 3,354 5,494
Gross Profit 4,004 3,122
Selling, General and Administrative Expenses 11,515 10,292
Loss from Operations (7,511) (7,171)
Other Income (Expense):    
Interest Expense, Net (2,928) (4,926)
Other Income/Loss 48
Share of Gain / (Loss) in Joint Venture 5,599
Total Other Income (Expense) 2,719 (4,926)
Net Loss (4,792) (12,097)
Net Income (Loss) Attributable to Non-Controlling Interest 277 79
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (5,069) $ (12,175)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted (1) [1] $ (0.05) $ (0.19)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted (1) [1] 93,710,004 64,711,660
[1] (1) Adjusted to reflect the one-for-15 reverse stock split. See "Note 1 - Description of Business."

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v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (4,792) $ (12,097)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Cancellation of Shares Issued (58) (118)
Interest Expense 2,928 4,926
Interest Income Accreted (68)
Depreciation and Amortization 1,565 1,533
Operating Lease Expense 562
Stock Issued for Compensation 315 288
Stock Issued for Services 23 17
Stock Option Expense 1,282 474
Gain on Revaluation of Equity Interests (5,597)
Other Noncash Gains (175)
Changes in Operating Assets and Liabilities:    
Accounts Receivable (615) 237
Inventory (1,251) 988
Prepaid Expenses and Other Current Assets (102) (865)
Other Assets (221) (203)
Accounts Payable and Accrued Expenses 742 (604)
Payments on Operating Lease Liabilities (497)
NET CASH USED IN OPERATING ACTIVITIES (5,715) (5,667)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of Note Receivable (886)
Purchase of Property, Equipment and Leasehold Improvements (2,547) (4,682)
Purchase of Equity Investments (402)
Cash from Acquisition of Joint Venture Entities 127
NET CASH USED IN INVESTING ACTIVITIES (2,822) (5,568)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 6,000 10,000
Payments of Debt Principal (1,000)
Cash Paid for Debt Discount (150) (495)
Proceeds from Issuance of Common Stock 2,300 750
Proceeds from Exercise of Warrants 51
Cash (Distribution) Contribution from Non-Controlling Interest (6)
NET CASH PROVIDED BY FINANCING ACTIVITIES 7,150 10,300
NET CHANGE IN CASH (1,387) (935)
NET CHANGE IN CASH CLASSIFIED WITHIN CURRENT ASSETS HELD FOR SALE
Cash at Beginning of Period 7,193 5,446
CASH AT END OF PERIOD 5,807 4,511
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 50 312
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Financing Fees in Accounts Payable 25
Purchase of Land and Building with a Mortgage 6,500
Claw Back of Escrow Shares 351
Warrants Issued in Conjunction with Debt 163 466
Stock Issued for Assets 100
Conversion of Dominion Debt 7,750 9,400
Deposits Applied to the Purchase of Property 3,500
Beneficial Conversion Feature Recorded as Debt Discount 4,662 3,811
Consolidation of Joint Venture Net Assets $ 11,957

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