Investors

Financials

v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 9,131,306 $ 9,749,572
Accounts Receivable 784,071 747,792
Inventory 3,233,072 1,909,330
Prepaid Expenses 1,238,529 704,721
Total Current Assets 14,386,978 13,111,415
Property, Equipment and Leasehold Improvements, Net 10,581,265 10,464,764
Intangible Assets, Net 22,768,048 23,627,098
Goodwill 28,921,260 28,921,260
Other Assets 221,118 54,193
TOTAL ASSETS 76,878,669 76,178,730
Current Liabilities:    
Accounts Payable and Accrued Expenses 3,526,498 2,417,400
Derivative Liabilities 3,163,000 6,987,000
Short-Term Debt 575,705 564,324
Income Taxes Payable 615,830 615,830
Contingent Consideration 12,085,859
Total Current Liabilities 7,881,033 22,670,413
Long-Term Liabilities:    
Long-Term Debt 736,290 1,354,352
Total Long-Term Liabilities 736,290 1,354,352
Total Liabilities 8,617,323 24,024,765
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value $0.001: 990,000,000 Shares Authorized as of June 30, 2017 and December 31, 2016; 618,667,265 and 553,863,812 Shares Issued and Outstanding as of June 30, 2017 and December 31, 2016, respectively 618,667 553,864
Additional Paid-In Capital 152,354,775 124,915,182
Accumulated Deficit (83,436,756) (72,870,999)
Total Terra Tech Corp. Stockholders' Equity 69,569,832 52,634,873
Non-Controlling Interest (1,308,486) (480,908)
Total Stockholders' Equity 68,261,346 52,153,965
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 76,878,669 76,178,730
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value $ 33,146 $ 36,826

Source

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Consolidated Statements Of Operations        
Total Revenues $ 7,842,873 $ 9,699,909 $ 14,667,329 $ 11,248,076
Cost of Goods Sold 6,336,500 8,152,935 12,801,893 9,686,575
Gross Profit 1,506,373 1,546,974 1,865,436 1,561,501
Selling, General and Administrative Expenses 6,029,287 5,364,351 12,415,587 7,291,252
Loss from Operations (4,522,914) (3,817,377) (10,550,151) (5,729,751)
Other Income (Expense):        
Amortization of Debt Discount (515,654) (218,126) (1,126,270) (312,532)
Loss on Extinguishment of Debt (1,639,137) (2,678,595) (920,797)
Loss from Derivatives Issued with Debt Greater than Debt Carrying Value (488,000) (488,000)
Gain (Loss) on Fair Market Valuation of Derivatives 987,200 (206,000) 2,597,950 (1,366,700)
Interest Expense (130,510) (60,565) (288,343) (116,560)
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) 3,616,184 (972,691) (929,734) (3,204,589)
Loss Before Provision for Income Taxes (906,730) (4,790,068) (11,479,885) (8,934,340)
Provision for Income Taxes 381,000 381,000
Net Loss (906,730) (5,171,068) (11,479,885) (9,315,340)
Net Loss Attributable to Non-Controlling Interests 452,961 236,830 914,128 255,038
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (453,769) $ (4,934,238) $ (10,565,757) $ (9,060,302)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted $ (0.01) $ (0.02) $ (0.03)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted 583,096,376 349,893,516 575,249,192 338,187,946

Source

v3.7.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Loss $ (906,730) $ (11,479,885) $ (9,315,340)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
(Gain) Loss on Fair Market Valuation of Derivatives (987,200) (2,597,950) 1,366,700
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)
Loss on Extinguishment of Debt 1,639,137 2,678,595 920,797
Amortization of Debt Discount 515,654 1,126,270 312,532
Deferred Tax Expense   49,000
Depreciation and Amortization   1,778,782 787,178
Warrants Issued with Common Stock and Debt   211,534
Stock Issued for Compensation   1,356,138
Stock Issued for Director Fees   221,973 60,550
Stock Issued for Services   591,359 20,727
Stock Option Expense   205,019 95,177
Equity Instruments Issued with Debt Greater than Debt Carrying Value   488,000
Change in Allowance for Doubtful Accounts   102,253
Changes in Operating Assets and Liabilities:      
Accounts Receivable   (36,279) (369,557)
Inventory   (1,323,742) (472,970)
Prepaid Expenses   (533,808) 257,238
Other Assets   (166,925)
Accounts Payable and Accrued Expenses   1,383,860 2,393,183
NET CASH USED IN OPERATING ACTIVITIES   (7,150,583) (3,304,532)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash Assumed in Acquisition   163,566
Purchase of Property, Equipment and Leasehold Improvements   (1,036,233) (1,988,587)
Purchase of Intangible Assets - Domain Names   (75,000)
NET CASH USED IN INVESTING ACTIVITIES   (1,036,233) (1,900,021)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Issuance of Notes Payable   6,000,000 3,250,000
Cash Paid for Debt Discount   (180,000)
Proceeds from Issuance of Common Stock   3,750,000 3,208,134
Payment of Contingent Consideration   (2,088,000)
Cash Contribution from Non-Controlling Interest   86,550
NET CASH PROVIDED BY FINANCING ACTIVITIES   7,568,550 6,458,134
NET CHANGE IN CASH   (618,266) 1,253,581
Cash at Beginning of Period   9,749,572 418,082
CASH AT END OF PERIOD 9,131,306 9,131,306 1,671,663
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:      
Cash Paid for Interest   10,100
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Settlement of Contingent Consideration 4,739,638 4,739,638
Gain on Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital $ 4,692,697 4,692,697
Fair Value of Debt Discount Recorded   4,446,000 2,824,000
Issuance of Common Stock for Debt and Interest Expense   $ 8,564,324

Source