Investors

Financials

v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 10,252,700 $ 9,749,572
Accounts Receivable, Net 419,282 747,792
Inventory 2,117,857 1,909,330
Prepaid Expenses 1,860,612 704,721
Total Current Assets 14,650,451 13,111,415
Property, Equipment and Leasehold Improvements, Net 10,525,431 10,464,764
Intangible Assets, Net 23,197,573 23,627,098
Goodwill 28,921,260 28,921,260
Other Assets 282,987 54,193
TOTAL ASSETS 77,577,702 76,178,730
Current Liabilities:    
Accounts Payable and Accrued Expenses 3,692,329 2,417,400
Derivative Liability 4,848,600 6,987,000
Short-Term Debt 505,000 564,324
Income Taxes Payable 615,830 615,830
Contingent Consideration 16,434,620 12,085,859
Total Current Liabilities 26,096,379 22,670,413
Long-Term Liabilities:    
Long-Term Debt 1,706,378 1,354,352
Total Long-Term Liabilities 1,706,378 1,354,352
Total Liabilities 27,802,757 24,024,765
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value $0.001: 990,000,000 Shares Authorized as of March 31, 2017 and December 31, 2016; 577,022,942 Shares Issued and Outstanding as of March 31,2017; 553,863,812 Shares Issued and Outstanding as of December 31, 2016 577,023 553,864
Additional Paid-In Capital 133,004,724 124,915,182
Accumulated Deficit (82,982,987) (72,870,999)
Total Terra Tech Corp. Stockholders' Equity 50,636,186 52,634,873
Non-Controlling Interest (861,241) (480,908)
Total Stockholders' Equity 49,774,945 52,153,965
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 77,577,702 76,178,730
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value $ 37,426 $ 36,826

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v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Consolidated Statements Of Operations    
Total Revenues $ 6,824,456 $ 1,548,167
Cost of Goods Sold 6,465,393 1,414,193
Gross Profit 359,063 133,974
Selling, General and Administrative Expenses 6,386,300 2,046,348
Loss from Operations (6,027,237) (1,912,374)
Other Income (Expense):    
Amortization of Debt Discount (610,616) (94,406)
Loss on Extinguishment of Debt (1,039,458) (920,797)
Gain (Loss) on Fair Market Valuation of Derivatives 1,610,750 (1,160,700)
Interest Expense (157,833) (55,995)
Loss on Fair Market Valuation of Contingent Consideration (4,348,761)
Total Other Income (Expense) (4,545,918) (2,231,898)
Loss Before Provision for Income Taxes (10,573,155) (4,144,272)
Provision for Income Taxes
Net Loss (10,573,155) (4,144,272)
Net Loss Attributable to Non-Controlling Interests 461,167 18,208
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (10,111,988) $ (4,126,064)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted $ (0.02) $ (0.01)
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted 567,271,642 326,500,982

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v3.7.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (10,111,988) $ (4,126,064)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Loss (Gain) on Fair Market Valuation of Derivatives (1,610,750) 1,160,700
Loss on Fair Market Valuation of Contingent Consideration 4,348,761
Loss on Extinguishment of Debt 1,039,458 920,797
Amortization of Debt Discount 610,616 94,406
Depreciation and Amortization 892,598 161,349
Warrants Issued With Common Stock and Debt 107,035
Stock Issued for Interest Expense 129,639
Stock Issued for Compensation 1,061,506
Stock Issued for Director Fees 37,500
Stock Issued for Services 145,011 60,550
Stock Option Expense 47,589 47,589
Change in Allowance for Doubtful Accounts (6,659)
Changes in Operating Assets and Liabilities:    
Accounts Receivable 328,510 (55,413)
Inventory (208,527) (310,991)
Prepaid Expenses (1,155,891) 127,862
Other Assets (228,795) 3,892
Accounts Payable and Accrued Expenses 1,274,929 265,177
NET CASH USED IN OPERATING ACTIVITIES (3,292,799) (1,656,805)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Property, Equipment and Leasehold Improvements (523,740) (770,203)
Purchase of Intangible Assets – Domain Names (50,000)
NET CASH USED IN INVESTING ACTIVITIES (523,740) (820,203)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 3,000,000
Proceeds from Issuance of Common Stock 1,700,000 3,208,134
Net Loss Attributable to Non-Controlling Interest (461,167) (18,208)
Cash Contribution from Non-Controlling Interest 80,834
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,319,667 3,189,926
NET CHANGE IN CASH 503,128 712,918
Cash at Beginning of Period 9,749,572 418,082
CASH AT END OF PERIOD 10,252,700 1,131,000
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 9,000
SUPPLEMENTAL DISCLOSURE FOR FINANCING ACTIVITIES:    
Derivative Debt Converted into Equity 2,770,650
Issuance of Common Stock for Debt and Interest Expense $ 3,688,963

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