Investors

Financials

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 3,397,317 $ 418,082
Accounts Receivable, Net 1,072,389 741,844
Prepaid Expenses 237,623 147,230
Inventory 2,468,099 949,448
Total Current Assets 7,175,428 2,256,604
Property, Equipment and Leasehold Improvements, Net 9,804,904 6,694,975
Goodwill 32,296,948
Intangible Assets, Net 20,634,410 118,932
Deposits 53,543 94,528
TOTAL ASSETS 69,965,233 9,165,039
Current Liabilities:    
Accounts Payable and Accrued Expenses 6,386,859 1,119,459
Derivative Liability 6,895,000 743,400
Short-Term Debt 1,953,687 917,363
Income Taxes Payable 1,783,731
Total Current Liabilities 17,019,277 2,780,222
Long-Term Liabilities:    
Long-Term Debt 835,955
Deferred Tax Liability, Net 194,900 44,000
Total Long-Term Liabilities 1,030,855 44,000
Total Liabilities 18,050,132 2,824,222
COMMITMENTS AND CONTINGENCIES 12,655,741
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value $0.001; Authorized 990,000,000 Shares as of September 30, 2016; Authorized 350,000,000 Shares as of December 31, 2015; Issued 473,917,277 and 303,023,744 Shares as of September 30, 2016 and December 31, 2015, Respectively 473,917 303,024
Additional Paid-In Capital 99,844,560 51,843,071
Accumulated Deficit (60,600,170) (45,952,109)
Total Terra Tech Corp. Stockholders' Equity 39,758,690 6,210,286
Non-Controlling Interest (499,330) 130,531
Total Stockholders' Equity 39,259,360 6,340,817
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 69,965,233 9,165,039
Convertible Series A Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Convertible Series B Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value $ 40,383 $ 16,300

Source

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Condensed Consolidated Statements Of Operations        
Total Revenues $ 6,950,365 $ 2,018,351 $ 18,198,441 $ 7,805,994
Cost of Goods Sold 5,630,979 1,648,545 15,095,137 6,944,859
Gross Profit 1,319,386 369,806 3,103,304 861,135
Selling, General and Administrative Expenses 6,005,946 2,099,314 13,519,615 7,792,445
Loss from Operations (4,686,560) (1,729,508) (10,416,311) (6,931,310)
Other (Expense) Income:        
Amortization of Debt Discount (610,089) (258,306) (922,621) (524,161)
Loss on Extinguishment of Debt (263,950) (920,797) (263,950)
Loss from Derivatives Issued With Debt Greater Than Debt Carrying Value (867,000) (1,355,000) (561,000)
Gain (Loss) on Fair Market Valuation of Derivatives 771,000 372,400 (595,700) 1,779,600
Interest Expense (159,633) (108,563) (276,193) (426,793)
Total Other (Expense) Income (865,722) (258,419) (4,070,311) 3,696
Loss Before Provision for Income Taxes (5,552,282) (1,987,927) (14,486,622) (6,927,614)
Provision for Income Taxes 410,300 3,000 791,300 8,076
Net Loss (5,962,582) (1,990,927) (15,277,922) (6,935,690)
Net Loss Attributable to Non-Controlling Interests 374,823 32,760 629,861 144,433
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (5,587,759) $ (1,958,167) $ (14,648,061) $ (6,791,257)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted $ (0.01) $ (0.01) $ (0.04) $ (0.03)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted 352,676,081 252,220,146 343,052,572 224,483,147

Source

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (14,648,061) $ (6,791,257)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
(Gain) Loss on Fair Market Valuation of Derivatives 595,700 (1,779,600)
Loss on Extinguishment of Debt 920,797 263,950
Amortization of Debt Discount 922,621 524,161
Depreciation and Amortization 1,653,791 481,321
Warrants Issued With Common Stock and Debt 1,148,069
Stock Issued for Compensation 715,039 680,630
Stock Issued for Director Fees 60,550
Stock Issued for Services 20,727 656,186
Stock Option Expense 142,766
Equity Instruments Issued With Debt Greater Than Debt Carrying Amount 1,355,000 561,000
Change in Accounts Receivable Reserve 102,253 169,683
Changes in Operating Assets and Liabilities:    
Accounts Receivable (432,798) (440,850)
Prepaid Expenses 434,824 (1,073)
Inventory (1,356,365) 5,793
Deposits (3,375) (23,072)
Accounts Payable and Accrued Expenses 3,177,610 1,138,463
Income Tax Payable 1,783,731
Net Cash Used in Operations (4,555,190) (3,406,596)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash Assumed in Acquisition 163,566
Purchase of Property and Equipment (3,211,064) (590,219)
Purchase of Intangible Assets - Trademarks (75,000)
Net Cash Used in Investing Activities (3,122,498) (590,219)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 4,928,650 1,650,000
Proceeds from Issuance of Common Stock 3,208,134 3,012,234
Proceeds from Exercise of Warrants 3,150,000
Payments By Subsidiaries for Non-Controlling Interest (629,861) (144,433)
Net Cash Provided by Financing Activities 10,656,923 4,517,801
NET CHANGE IN CASH AND CASH EQUIVALENTS 2,979,235 520,986
Cash and Cash Equivalents at Beginning of Period 418,082 846,650
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,397,317 1,367,636
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 16,500
SUPPLEMENTAL DISCLOSURE FOR FINANCING ACTIVITIES:    
Warrant Expense $ 142,766 $ 1,148,069

Source