Investors

Financials

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 7,193,392 $ 5,445,582
Trade and Other Receivables, net of allowance for doubtful acccounts of $0.33 and $0 million, as of December 31, 2018 and 2017, respectively 1,246,835 959,698
Notes Receivable 5,010,143
Inventory 2,279,737 5,760,019
Assets Held for Sale 7,501,287
Prepaid Expenses and Other Current Assets 741,261 1,067,689
Total Current Assets 18,962,512 18,243,131
Property, Equipment and Leasehold Improvements, Net 34,139,089 19,191,616
Intangible Assets, Net 18,465,923 27,773,110
Goodwill 35,172,508 28,921,260
Other Assets 897,395 4,058,682
Other Investments 12,450,700
TOTAL ASSETS 120,088,127 98,187,799
Current Liabilities:    
Accrued Payroll 2,553,186 621,898
Accounts Payable and Other Accrued Expenses 4,348,256 4,822,812
Derivative Liabilities 9,331,400
Total Current Liabilities 6,901,442 14,776,110
Long-Term Liabilities:    
Long-Term Debt 18,312,877 6,609,398
Total Long-Term Liabilities 18,312,877 6,609,398
Total Liabilities 25,214,319 21,385,508
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS EQUITY:    
Common Stock, Par Value $0.001: 990,000,000 Shares Authorized as of December 31, 2018 and 2017; 81,759,415 and 61,818,560 Shares Issued and Outstanding as of December 31, 2018 and 2017, respectively (1) 81,759 61,819
Additional Paid-In Capital 234,972,860 181,357,715
Accumulated Deficit (141,184,287) (105,548,602)
Total Terra Tech Corp. Stockholders Equity 93,870,332 75,870,932
Non-Controlling Interest 1,003,476 931,359
Total Stockholders Equity 94,873,808 76,802,291
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 120,088,127 98,187,799
Convertible Series A Preferred Stock [Member]    
STOCKHOLDERS EQUITY:    
Preferred Stock, Value
Convertible Series B Preferred Stock [Member]    
STOCKHOLDERS EQUITY:    
Preferred Stock, Value

Source

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Consolidated Statements Of Operations    
Total Revenues $ 31,333,618 $ 35,800,844
Cost of Goods Sold 18,900,090 24,879,428
Gross Profit 12,433,528 10,921,416
Selling, General and Administrative Expenses 43,304,374 30,801,434
Loss from Operations (30,870,846) (19,880,018)
Other Income (Expense):    
Impairment of Property (77,556) (138,037)
Impairment of Intangible Assets (757,467)
Loss on Extinguishment of Debt (7,144,288)
Gain (Loss) on Fair Market Valuation of Derivatives (3,494,550)
Interest Expense, Net (13,092,934) (2,681,426)
Share of Loss in Joint Venture (662,222)
Gain on Sale of Assets 5,229,680
Gain on Settlement of Contingent Consideration 4,991,571
Gain (Loss) on Fair Market Valuation of Contingent Consideration (4,426,047)
Total Other Income (Expense) (8,603,032) (13,650,244)
Loss Before Provision for Income Taxes (39,473,878) (33,530,262)
Provision for Income Tax Benefit (Expense) 347,455
Net Loss (39,473,878) (33,182,807)
Net Income / (Loss) Attributable to Non-Controlling Interest 279,609 (505,204)
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (39,753,486) $ (32,677,603)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted $ (0.56) $ (0.71)
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted 71,028,851 46,072,846

Source

v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (39,473,878) $ (33,182,807)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
(Gain) Loss on Fair Market Valuation of Derivatives 3,494,550
(Gain) Loss on Fair Market Valuation of Contingent Consideration 4,426,047
Loss on Joint Venture 662,222
Cancellation of Shares Issued (117,835)
Loss on Extinguishment of Debt 7,144,288
Gain on Sale of Assets (5,644,120)
Interest Expense 12,081,765 2,138,762
Interest income capitalized to notes receivable (155,784) (49,911)
Depreciation and Amortization 4,981,237 3,647,216
Stock Issued for Compensation 603,117 1,526,286
Stock Issued for Director Fees 99,991 221,973
Stock Issued for Services 225,429 1,284,562
Stock Option Compensation 2,527,982 692,971
Impairment of Property 77,556 138,037
Impairment of Intangibles 757,467
Gain on Settlement of Contingent Consideration (4,991,571)
Warrants Issued with Common Stock and Debt 211,534
Changes in Operating Assets and Liabilities:    
Accounts Receivable (287,137) (211,906)
Inventory 3,480,282 (3,736,910)
Prepaid Expenses and Other Current Assets (73,083) 1,572,532
Other Assets (321,247) (3,999,489)
Accounts Payable and Accrued Expenses 1,456,732 3,662,710
Income Taxes Payable (615,830)
NET CASH USED IN OPERATING ACTIVITIES (19,876,772) (15,869,489)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash Paid for Acquisition, Net of Cash Acquired (4,113,779)
Purchase of Equity Investments (7,765,902)
Proceeds from sale of PP&E 5,644,120
Issuance of Note Receivable (4,960,232)
Purchase of Property, Equipment and Leasehold Improvements (14,409,226) (6,194,438)
NET CASH USED IN INVESTING ACTIVITIES (16,531,008) (15,268,449)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 33,650,000 20,000,000
Cash Paid for Debt Discount (1,195,410)
Debt Issuance Cost (614,600)
Proceeds from Issuance of Common Stock, Warrants and Common Stock Subscribed 5,600,000 9,450,000
Proceeds from Exercise of Warrants 101,000
Payment of Contingent Consideration (2,088,000)
Cash Contribution from Non-Controlling Interest 86,548
NET CASH PROVIDED BY FINANCING ACTIVITIES 38,155,590 26,833,948
NET CHANGE IN CASH 1,747,810 (4,303,990)
Cash at Beginning of Period 5,445,582 9,749,572
CASH AT END OF PERIOD 7,193,392 5,445,582
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest
Cash Paid for Income Taxes 268,375
Warrant Expense
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of Contingent Consideration 4,739,638
Issuance of Stock for Purchase of Non-Controlling Interest 207,492
Purchase of land and building with a mortgage 6,500,000 4,500,000
Gain on Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital 4,692,697
Fair Value of Debt Discount and Derivative Liability Recorded 13,073,400
Conversion of Dominion Debt & Adoption of ASU 2017-11 34,697,363 29,785,271
Fair Value of Shares Issued for Acquisition 2,726,146
Fair Value of Shares Issued for Production Operating Agreement 1,935,500
Fair Value of Shares Issued for Assets 200,000
Warrants Issued for Debt Discount 817,537 478,008
Conversion of Series B Preferred Stock to Common Stock 33,146
Share of Loss on Joint Venture 662,222  
Beneficial Conversion Feature 9,014,875  
Deposits Applied to the purchase of property 3,500,000  
Reclass of Non-Controlling Interest to Additional Paid-In Capital for the Acquisition of Additional Interest in Subsidiary 1,830,924
Claw Back of Escrow Shares From The Tech Center Drive Asset Acquisition $ 351,072

Source