Investors

Financials

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 6,651,398 $ 9,749,572
Accounts Receivable 666,306 747,792
Inventory 4,481,793 1,909,330
Prepaid Expenses and Other Current Assets 6,457,920 704,721
Total Current Assets 18,257,417 13,111,415
Property, Equipment and Leasehold Improvements, Net 10,973,932 10,464,764
Intangible Assets, Net 28,960,102 23,627,098
Goodwill 28,921,260 28,921,260
Other Assets 244,804 54,193
TOTAL ASSETS 87,357,515 76,178,730
Current Liabilities:    
Accounts Payable and Accrued Expenses 4,210,514 2,417,400
Derivative Liabilities 4,639,000 6,987,000
Short-Term Debt 564,324
Income Taxes Payable 557,859 615,830
Contingent Consideration 12,085,859
Total Current Liabilities 9,407,373 22,670,413
Long-Term Liabilities:    
Long-Term Debt 2,133,904 1,354,352
Total Long-Term Liabilities 2,133,904 1,354,352
Total Liabilities 11,541,277 24,024,765
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:    
Common Stock, Par Value $0.001: 990,000,000 Shares Authorized as of September 30, 2017 and December 31, 2016; 863,733,855 and 553,863,812 Shares Issued and Outstanding as of September 30, 2017 and December 31, 2016, respectively 863,734 553,864
Additional Paid-In Capital 165,367,190 124,915,182
Accumulated Deficit (91,229,689) (72,870,999)
Total Terra Tech Corp. Stockholders' Equity 75,001,235 52,634,873
Non-Controlling Interest 815,003 (480,908)
Total Stockholders' Equity 75,816,238 52,153,965
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 87,357,515 76,178,730
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value $ 36,826

Source

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Consolidated Statements Of Operations        
Total Revenues $ 10,121,375 $ 6,950,365 $ 24,788,704 $ 18,198,441
Cost of Goods Sold 7,786,437 5,694,289 20,588,330 15,380,864
Gross Profit 2,334,938 1,256,076 4,200,374 2,817,577
Selling, General and Administrative Expenses 6,238,110 5,942,636 18,653,697 13,233,888
Loss from Operations (3,903,172) (4,686,560) (14,453,323) (10,416,311)
Other Income (Expense):        
Amortization of Debt Discount (490,068) (610,089) (1,616,338) (922,621)
Impairment of Property (138,037) (138,037)
Loss on Extinguishment of Debt (1,373,538) (4,052,133) (920,797)
Loss from Derivatives Issued with Debt Greater than Debt Carrying Value (867,000) (1,355,000)
Gain (Loss) on Fair Market Valuation of Derivatives (1,475,900) 771,000 1,122,050 (595,700)
Interest Expense (119,650) (159,633) (407,993) (276,193)
Loss on Fair Market Valuation of Contingent Consideration (4,426,047)  
Gain on Settlement of Contingent Consideration 4,991,571  
Total Other Income (Expense) (3,597,193) (865,722) (4,526,927) (4,070,311)
Loss Before Provision for Income Taxes (7,500,365) (5,552,282) (18,980,250) (14,486,622)
Provision for Income Taxes 410,300 791,300
Net Loss (7,500,365) (5,962,582) (18,980,250) (15,277,922)
Net (Gain) Loss Attributable to Non-Controlling Interest (292,568) 374,823 621,560 629,861
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (7,792,933) $ (5,587,759) $ (18,358,690) $ (14,648,061)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted $ (0.01) $ (0.02) $ (0.03) $ (0.04)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted 720,366,345 352,676,081 624,153,141 343,052,572

Source

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (18,980,250) $ (15,277,922)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
(Gain) Loss on Fair Market Valuation of Derivatives (1,122,050) 595,700
Loss on Fair Market Valuation of Contingent Consideration 4,426,047  
Gain on Settlement of Contingent Consideration (See Note 10) (4,991,571)  
Impairment of Property 138,037
Loss on Extinguishment of Debt 4,052,133 920,797
Amortization of Debt Discount 1,616,338 922,621
Depreciation and Amortization 2,687,994 1,653,791
Warrants Issued with Common Stock and Debt 211,534
Stock Issued for Compensation 1,526,286 715,039
Stock Issued for Director Fees 221,973 60,550
Stock Issued for Services 1,036,427 20,727
Stock Option Expense 439,599 142,766
Equity Instruments Issued with Debt Greater than Debt Carrying Value 1,355,000
Change in Allowance for Doubtful Accounts 102,253
Changes in Operating Assets and Liabilities:    
Accounts Receivable 81,486 (432,798)
Inventory (2,458,684) (1,356,365)
Prepaid Expenses and Other Current Assets (3,817,699) 434,824
Other Assets (185,611) (3,375)
Accounts Payable and Accrued Expenses 2,300,098 3,177,610
Income Taxes Payable (57,971) 1,783,731
NET CASH USED IN OPERATING ACTIVITIES (12,875,884) (5,185,051)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash Assumed in Black Oak Acquisition 163,566
Cash Paid for Acquisition, Net of Cash Acquired (See Note 4) (4,113,779)
Purchase of Property, Equipment and Leasehold Improvements (1,947,057) (3,211,064)
Purchase of Intangible Assets Trade Names (75,000)
NET CASH USED IN INVESTING ACTIVITIES (6,060,836) (3,122,498)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 11,500,000 4,928,650
Cash Paid for Debt Discount (360,000)
Proceeds from Issuance of Common Stock 6,700,000 3,208,134
Proceeds from Exercise of Warrants 3,150,000
Payment of Contingent Consideration (See Note 10) 2,088,000
Cash Contribution from Non-Controlling Interest 86,546
NET CASH PROVIDED BY FINANCING ACTIVITIES 15,838,546 11,286,784
NET CHANGE IN CASH (3,098,174) 2,979,235
Cash at Beginning of Period 9,749,572 418,082
CASH AT END OF PERIOD 6,651,398 3,397,317
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 16,500
Warrant Expense 142,766
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of Contingent Consideration 4,739,638
Gain on Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital (See Note 10) 4,692,697
Fair Value of Debt Discount Recorded 7,881,000 2,824,000
Issuance of Common Stock for Debt and Interest Expense (See Note 9) 12,321,309 961,740
Fair Value of Shares Issued for Acquisition (See Note 4) 2,726,146
Fair Value of Shares Issued for Production Operating Agreement (See Note 14) 1,935,500
Warrants Issued for Debt Discount 169,225
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 (See Note 1) $ 1,830,925

Source