Investors

Financials

v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 3,418,991 $ 5,445,582
Accounts Receivable 890,123 959,698
Notes Receivable 5,010,143
Inventory 3,599,066 5,760,019
Assets Held for Sale 856,233
Prepaid Expenses and Other Current Assets 781,373 1,067,689
Total Current Assets 9,545,786 18,243,131
Property, Equipment and Leasehold Improvements, Net 36,888,848 19,191,616
Intangible Assets, Net 20,411,936 27,773,110
Goodwill 35,172,508 28,921,260
Other Assets 630,200 4,058,682
Other Investments 11,995,379
TOTAL ASSETS 114,644,657 98,187,799
Current Liabilities:    
Accounts Payable and Accrued Expenses 5,492,742 5,444,710
Derivative Liabilities 2,222,000 9,331,400
Total Current Liabilities 7,714,742 14,776,110
Long-Term Liabilities:    
Long-Term Debt, Net of Discounts 13,828,345 6,609,398
Total Long-Term Liabilities 13,828,345 6,609,398
Total Liabilities 21,543,087 21,385,508
COMMITMENTS AND CONTINGENCIES (Note 15)
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value 0.001: 990,000,000 Shares Authorized as of September 30, 2018 and December 31, 2017; 77,913,801 and 61,818,560 Shares Issued and Outstanding as of September 30, 2018 and December 31, 2017, respectively (1) [1] 77,914 61,819
Additional Paid-In Capital (1) [1] 232,528,404 181,357,715
Accumulated Deficit (140,678,329) (105,548,602)
Total Terra Tech Corp. Stockholders' Equity 91,927,989 75,870,932
Non-Controlling Interest 1,173,581 931,359
Total Stockholders' Equity 93,101,570 76,802,291
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 114,644,657 98,187,799
Convertible Series A Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Convertible Series B Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
[1] Adjusted to reflect the one for 15 reverse stock split. See "Note 1 "Description of Business."

Source

v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Consolidated Statements Of Operations        
Total Revenues $ 7,083,225 $ 10,121,375 $ 24,416,768 $ 24,788,704
Cost of Goods Sold 5,559,520 7,786,437 19,037,200 20,588,330
Gross Profit 1,523,705 2,334,938 5,379,568 4,200,374
Selling, General and Administrative Expenses 9,404,945 6,238,110 25,829,863 18,653,697
Loss from Operations (7,881,240) (3,903,172) (20,450,295) (14,453,323)
Other Income (Expense):        
Amortization of Debt Discount (498,961) (490,068) (1,384,641) (1,616,338)
Impairment of Property (138,037) (138,037)
Loss on Extinguishment of Debt (4,257,029) (1,373,538) (12,115,752) (4,052,133)
Gain (Loss) on Fair Market Valuation of Derivatives (103,600) (1,475,900) 524,400 1,122,050
Interest Expense, Net (425,160) (119,650) (1,016,160) (407,993)
Share of Loss in Joint Venture (439,354) (439,354)
Loss on Fair Market Valuation of Contingent Consideration (4,426,047)
Gain on Settlement of Contingent Consideration 4,991,571
Total Other Income (Expense) (5,724,104) (3,597,193) (14,431,507) (4,526,927)
Net Loss 13,605,344 (7,500,365) (34,881,802) (18,980,250)
Net Income (Loss) Attributable to Non-Controlling Interest 64,460 292,568 247,925 (621,560)
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (13,669,803) $ (7,792,933) $ (35,129,726) $ (18,358,690)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted [1] $ (0.19) $ (0.16) $ (0.51) $ (0.44)
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted [1] 73,213,387 48,024,423 68,917,828 41,610,209
[1] Adjusted to reflect the one for 15 reverse stock split. See "Note 1 "Description of Business."

Source

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (34,881,802) $ (18,980,250)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Gain on Fair Market Valuation of Derivatives (524,400) (1,122,050)
Loss on Fair Market Valuation of Contingent Consideration 4,426,047
Loss on Joint Venture 439,354
Cancellation of shares issued (117,831)
Gain on Settlement of Contingent Consideration (4,991,571)
Impairment of Property 138,037
Loss on Extinguishment of Debt 12,115,752 4,052,133
Amortization of Debt Discount 1,384,641 1,616,338
Interest Income Accreted (155,783)
Depreciation and Amortization 2,597,794 2,687,994
Warrants Issued with Common Stock and Debt 211,534
Stock Issued for Compensation 589,959 1,526,286
Stock Issued for Director Fees 99,991 221,973
Stock Issued for Services 133,587 1,036,427
Stock Option Compensation 1,645,384 439,599
Changes in Operating Assets and Liabilities:    
Accounts Receivable 69,575 81,486
Inventory 2,042,395 (2,458,684)
Prepaid Expenses and Other Current Assets (155,740) (3,817,699)
Other Assets (52,612) (185,611)
Accounts Payable and Accrued Expenses 359,353 2,300,098
Income Tax Payable (57,971)
NET CASH USED IN OPERATING ACTIVITIES (14,410,383) (12,875,884)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash Paid for Acquisition, Net of Cash Acquired (4,113,779)
Purchase of Equity Investments (7,087,713)
Purchase of Property, Equipment and Leasehold Improvements (9,797,439) (1,947,057)
NET CASH USED IN INVESTING ACTIVITIES (16,885,152) (6,060,836)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 25,050,000 11,500,000
Debt Issuance Cost (942,000) (360,000)
Proceeds from Issuance of Common Stock 5,100,000 6,700,000
Payment of Contingent Consideration (2,088,000)
Proceeds from Exercise of Warrants 101,000
Cash (Distribution) Contribution from Non-Controlling Interest (5,794) 86,546
NET CASH PROVIDED BY FINANCING ACTIVITIES 29,303,206 15,838,546
NET CHANGE IN CASH (1,992,329) (3,098,174)
NET CHANGE IN CASH CLASSIFIED WITHIN CURRENT ASSETS HELD FOR SALE (34,262)
Cash at Beginning of Period 5,445,582 9,749,572
CASH AT END OF PERIOD 3,418,991 6,651,398
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 428,334
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of Contingent Consideration 4,739,638
Purchase of Land and Building with a Mortgage 6,500,000
Gain on Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital 4,692,697
Fair Value of Debt Discount and Derivative liability Recorded 12,686,000 7,881,000
Fair Market Value of Common Stock Issued Upon Conversion 42,968,230 18,156,952
Claw back of Escrow Shares From The Tech Center Drive Asset Acquisition 351,072
Issuance of Common Stock for Other Assets 200,000
Fair Value of Warrants Issued for Debt Discount 817,536 169,225
Deposits Applied to the Purchase of Property 3,500,000
Assets Classified as Held for Sale 856,233
Fair Vlaue of Shares Issued for Acquisition 2,726,146
Fair Value of Shaes Issued for Production Operating Agreement 1,935,500
Conversion of Series B Preferred Stock to Common Stock 33,146
Reclass of Non-Controlling Interest to Additional Paid-In Capital for the Acquisition of Additional Interest in Subsidiary 1,830,925
Share of Loss on Joint Venture $ 439,354

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