Terra Tech Corp.

Investors

Financials

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 4,510,769 $ 5,445,582
Accounts Receivable 722,929 959,698
Notes Receivable 5,964,204 5,010,143
Inventory 4,772,158 5,760,019
Prepaid Expenses and Other Current Assets 1,581,555 1,067,689
Total Current Assets 17,551,615 18,243,131
Property, Equipment and Leasehold Improvements, Net 33,343,257 19,191,616
Intangible Assets, Net 27,166,459 27,773,110
Goodwill 28,921,260 28,921,260
Other Assets 861,842 4,058,682
TOTAL ASSETS 107,844,433 98,187,799
Current Liabilities:    
Accounts Payable and Accrued Expenses 4,840,730 5,444,710
Derivative Liabilities 4,059,400 9,331,400
Total Current Liabilities 8,900,130 14,776,110
Long-Term Liabilities:    
Long-Term Debt, Net of Discounts 13,232,818 6,609,398
Total Long-Term Liabilities 13,232,818 6,609,398
Total Liabilities 22,132,948 21,385,508
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value $0.001:990,000,000 Shares Authorized as of March 31, 2018 and December 31, 2017; 65,344,816 and 61,818,560 Shares Issued and Outstanding as of March 31, 2018 and December 31, 2017, respectively 65,345 61,819
Additional Paid-In Capital 200,222,380 181,357,715
Accumulated Deficit (115,580,522) (105,548,602)
Total Terra Tech Corp. Stockholders' Equity 84,707,203 75,870,932
Non-Controlling Interest 1,004,282 931,359
Total Stockholders' Equity 85,711,485 76,802,291
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 107,844,433 98,187,799
Convertible Series A Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Series B Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value

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v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Consolidated Statements Of Operations    
Total Revenues $ 8,615,366 $ 6,824,456
Cost of Goods Sold 6,967,926 6,465,393
Gross Profit 1,647,440 359,063
Selling, General and Administrative Expenses 8,422,548 6,386,300
Loss from Operations (6,775,108) (6,027,237)
Other Income (Expense):    
Amortization of Debt Discount (468,317) (610,616)
Loss on Extinguishment of Debt (4,731,246) (1,039,458)
Gain on Fair Market Valuation of Derivatives 2,281,000 1,610,750
Interest Expense, Net (259,621) (157,833)
Loss on Fair Market Valuation of Contingent Consideration (4,348,761)
Total Other Income (Expense) (3,178,184) (4,545,918)
Net Loss (9,953,292) (10,573,155)
Net Income (Loss) Attributable to Non-Controlling Interest 78,628 (461,167)
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (10,031,920) $ (10,111,988)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted $ (0.16) $ (0.27)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted 64,711,660 37,818,109

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v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (9,953,292) $ (10,573,155)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Gain on Fair Market Valuation of Derivatives (2,281,000) (1,610,750)
Loss on Fair Market Valuation of Contingent Consideration 4,348,761
Cancellation of shares issued (117,831)
Loss on Extinguishment of Debt 4,731,246 1,039,458
Amortization of Debt Discount 468,317 610,616
Interest income Accreted (68,061)
Depreciation and Amortization 1,137,221 892,598
Warrants Issued with Common Stock and Debt 107,035
Stock issued for interest expense 129,639
Stock Issued for Compensation 288,450 1,061,506
Stock Issued for Director Fees 37,500
Stock Issued for Services 16,692 145,011
Stock Option Compensation 474,198 47,589
Changes in Operating Assets and Liabilities:    
Accounts Receivable 236,769 328,510
Inventory 987,861 (208,527)
Prepaid Expenses and Other Current Assets (864,938) (1,155,891)
Other Assets (203,160) (228,795)
Accounts Payable and Accrued Expenses (519,369) 1,274,929
NET CASH USED IN OPERATING ACTIVITIES (5,666,897) (3,753,966)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of Note Receivable (886,000)
Purchase of Property, Equipment and Leasehold Improvements (4,682,211) (523,740)
NET CASH USED IN INVESTING ACTIVITIES (5,568,211) (523,740)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 10,000,000 3,000,000
Cash Paid for Debt Discount (495,000)
Proceeds from Issuance of Common Stock, Warrants and Common Stock Subscribed 750,000 1,700,000
Proceeds from Exercise of Warrants 51,000
Cash (Distribution) Contribution from Non-Controlling Interest (5,705) 80,834
NET CASH PROVIDED BY FINANCING ACTIVITIES 10,300,295 4,780,834
NET CHANGE IN CASH (934,813) 503,128
Cash at Beginning of Period 5,445,582 9,749,572
CASH AT END OF PERIOD 4,510,769 10,252,700
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase of land and building with a mortgage 6,500,000
Fair Value of Debt Discount and Derivative liability Recorded 6,440,000
Issuance of Common Stock for Debt and Interest Expense 17,180,837 3,688,963
Derivative Debt Converted into Equity   2,770,650
Cash back of Escrow Shares From The Tech Center Drive Asset Acquisition 351,072
Issuance of Common Stock for Other Assets 100,000
Fair Value of Warrants Issued for Debt Discount 475,917  
Deposits Applied to the Purchase of property $ 3,500,000

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