EXHIBIT 99.2
 
TERRA TECH CORP.
CONSOLIDATED BALANCE SHEETS - (Pro Forma)
 
   
Terra
Tech Corp.
    
Edible
Garden Corp.
    
Adjustments
    
Pro Forma
December 31,
2012
  
                         
Assets
                        
    Current Assets:
                        
      Cash
   $ 16,312     $ 100     $ -     $ 16,412  
      Accounts receivable, net
     27,476       -       -       27,476  
      Inventories, net
     256,714       -       -       256,714  
      Current portion of notes receivable, net of allowance
     -       -       -       -  
      Prepaid Inventory
     51,988       -       -       51,988  
            Total Current Assets
     352,490       100       -       352,590  
Property and equipment, net
     33,650       -       -       33,650  
Intangible assets, net
     -       -       169,920       169,920  
Deposits
     -       -       -       -  
            Total Assets
   $ 386,140     $ 100     $ 169,920     $ 556,160  
                                 
Liabilities and Stockholders' Equity
                                
    Current Liabilities
                                
      Accounts payable and accrued expenses
   $ 377,376     $ -     $ -     $ 377,376  
      Note payable
     364,306       -       -       364,306  
      Loans from Related Party
     104,998       -       -       104,998  
      Due to officers
     -       -       -       -  
            Total Current Liabilities
     846,680       -       -       846,680  
                                 
Commitment and Contingencies
                                
Stockholders' Equity
                                
Preferred stock, Convertible Series A
     -       -       -       -  
Preferred stock, Convertible Series B
     14,750       -       -       14,750  
                                 
Common stock
     82,372       -       -       82,372  
      Additional paid-in capital
     8,131,305       100       212,400       8,343,805  
      Accumulated Deficit
     (8,688,967 )     -       (42,480 )     (8,731,447 )
         Total Stockholders' Equity
     (460,540 )     100       169,920       (290,520 )
                                 
            Total Liabilities and Stockholders' Equity
   $ 386,140     $ 100     $ 169,920     $ 556,160  
 
 
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TERRA TECH CORP.
CONSOLIDATED STATEMENT OF OPERATIONS - (Pro Forma)
YEAR ENDED DECEMBER 31, 2012
 
   
Terra
Tech Corp
    
Edible
Garden Corp.
    
Adjustments
    
Pro Forma
YearEnded
December 31,
2012
  
                         
Total Revenues
   $ 552,579     $ -     $ -     $ 552,579  
  Cost of Goods Sold
     451,713       -       -       451,713  
      100,866       -       -       100,866  
Selling, general and administrative expenses
     1,072,866       -       42,480       1,115,346  
Impairment of goodwill
     4,799,965       -       -       4,799,965  
Loss from operations
     (5,771,965 )     -       (42,480 )     (5,814,445 )
                                 
Other Income (Expenses)
                                
  Loss on sale of property and equipment
     (1,322 )     -       -       (1,322 )
  Interest Expense
     (62,203 )     -       -       (62,203 )
Total Other Income (Expense)
     (63,525 )     -       -       (63,525 )
Loss before Provision of Income Taxes
     (5,835,490 )     -       (42,480 )     (5,877,970 )
  Provision for income taxes
     879       -       -       879  
Net Loss applicable to common shareholders
   $ (5,836,369 )   $ -     $ (42,480 )   $ (5,878,849 )

 
2
 
 
TERRA TECH CORP.
NOTES TO CONSOLIDATING FINANCIAL STATEMENTS – (PRO FORMA)

1.
BUSINESS ACQUISITION

On April 24, 2013, Terra Tech Corp. (the “Company”) completed the acquisition of Edible Garden Corp. transaction whereby the Company acquired all of the issued and outstanding shares of Edible Garden Corp. in exchange for 1,250,000 shares of our common stock. As a result of the acquisition, Edible Garden Corp. became our wholly owned subsidiary.

2. 
ASSUMPTIONS IN CONSOLIDATION

The Pro Forma Consolidating Balance Sheet as of December 31, 2012 is adjusted as if the transaction took place as of January 1, 2012.  There is an adjustment to intangible assets for the fair value of the customer list as if the transaction took place as of January 1, 2012.  The intangible assets have an estimated useful live of 5 years.  The intangibles have been amortized as if they were placed in service as of January 1, 2012.  There is an adjustment for the common stock that would be issued to the existing shareholders of Edible Garden Corp. as if the transaction took place as of January 1, 2012.

The Pro Forma Consolidating Statements of Operations for the year ended December 31, 2012 is adjusted as if the transaction took place as of January 1, 2012.  There is an adjustment for amortization of intangibles as if the transaction took place as of January 1, 2012.

3. 
SHARE EXCHANGE

On April 24, 2013, the shareholders of the Company entered into a definitive agreement pursuant to which its shareholders exchanged common stock of Edible Garden Corp. for common stock of the Company.  Under the agreement the Company acquired the customer list. Under the terms of this agreement the Company paid 1,250,000 shares of common stock valued at $212,500.

The transaction was accounted for as a business acquisition. In accordance with generally accepted accounting principles, intangible assets are recorded at fair values as of the date of the transaction. The Company has preliminarily allocated the $212,500 consideration paid to the acquired assets as follows:

Cash
    
100
  
Intangible assets, customer list
    
212,400
  
Fair value acquired
  
$
212,500
  

Intangible assets with estimated useful lives are amortized over a 5 year period.
 
 
3
 

TERRA TECH CORP.
CONDENSED BALANCE SHEETS - (Pro Forma)
June 30, 2013
 
   
Terra
    
Edible
          
Pro Forma
  
   
Tech Corp.
    
Garden Corp.
    
Adjustments
    
June 30, 2013
  
Assets
                        
    Current Assets:
                        
      Cash
   $ 115,058     $ 54,322     $ -     $ 169,380  
      Accounts receivable, net
     19,391       624,604       -       643,995  
      Inventories, net
     249,466       -       -       249,466  
            Total Current Assets
     383,915       678,926       -       1,062,841  
Property and equipment, net
     27,509       -       -       27,509  
Intangible assets
     -       204,612       (34,692 )     169,920  
Deposits
     735,000       1,129,688       -       1,864,688  
            Total Assets
   $ 1,146,424     $ 2,013,226     $ (34,692 )   $ 3,124,958  
                                 
Liabilities and Stockholders' Equity
                                
    Current Liabilities
                                
      Accounts payable and accrued expenses
   $ 493,414     $ 1,476,276     $ -     $ 1,969,690  
      Note payable
     1,542,780       -       -       1,542,780  
      Loans from Related Party
     102,500       -       -       102,500  
      Derivative liability
     705,000       -       -       705,000  
            Total Current Liabilities
     2,843,694       1,476,276       -       4,319,970  
                                 
Commitment and Contingencies
                                
Stockholders' Equity
                                
Preferred stock, Convertible Series A
     -       -       -       -  
Preferred stock, Convertible Series B
     14,750       -       -       14,750  
                                 
Common stock
     88,779       -       -       88,779  
      Additional paid-in capital
     9,625,264       212,500       -       9,837,764  
      Common stock subscribed
     212,500       -       -       212,500  
      Accumulated Deficit
     (11,314,563 )     450       (34,692 )     (11,348,805 )
         Total Stockholders' Equity
     (1,373,270 )     212,950       (34,692 )     (1,195,012 )
                                 
            Total Liabilities and Stockholders' Equity
   $ 1,470,424     $ 1,689,226     $ (34,692 )   $ 3,124,958  

 
4
 
 
TERRA TECH CORP.
CONDENSED STATEMENT OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2013
 
                     
Pro Forma
  
   
Terra
    
Edible
          
Six Months Ended
  
   
Tech Corp.
    
Gardens Corp.
    
Adjustments
    
June 30, 2013
  
                         
Total Revenues
   $ 121,371     $ 610,115     $ -     $ 731,486  
  Cost of Goods Sold
     127,367       600,208       -       727,575  
      (5,996 )     9,907       -       3,911  
Selling, general and administrative expenses
     1,617,718       9,457       34,692       1,661,867  
Loss from operations
     (1,623,714 )     450       (34,692 )     (1,657,956 )
                                 
Other Income (Expenses)
                                
  Loss from derivatives issued with debt greater than debt carrying value
     (1,361,000 )     -       -       (1,361,000 )
Gain on fair market valuation of derivatives
     656,000       -       -       656,000  
  Interest Expense
     (295,232 )     -       -       (295,232 )
Total Other Income (Expense)
     (1,000,232 )     -       -       (1,000,232 )
Loss before Provision of Income Taxes
     (2,623,946 )     450       (34,692 )     (2,658,188 )
  Provision for income taxes
     1,650       -       -       1,650  
Net Loss applicable to common shareholders
   $ (2,625,596 )   $ 450     $ (34,692 )   $ (2,659,838 )

 
5
 
 
TERRA TECH CORP.
NOTES TO CONSOLIDATING FINANCIAL STATEMENTS – (PRO FORMA)

1. 
BUSINESS ACQUISITION

On April 24, 2013, Terra Tech Corp. (the “Company”) completed the acquisition of Edible Garden Corp. transaction whereby the Company acquired all of the issued and outstanding shares of Edible Garden Corp. in exchange for 1,250,000 shares of our common stock. As a result of the acquisition, Edible Garden Corp. became our wholly owned subsidiary.

2. 
ASSUMPTIONS IN CONSOLIDATION

The Pro Forma Consolidating Balance Sheet as of June 30, 2012 is adjusted as if the transaction took place as of January 1, 2013.  There is an adjustment for intangibles which have been amortized as if they were placed in service as of January 1, 2013.

The Pro Forma Consolidating Statements of Operations for the six months ended June 30, 2013 is adjusted as if the transaction took place as of January 1, 2013.  There is an adjustment for amortization of intangibles as if the transaction took place as of January 1, 2013.

3.
SHARE EXCHANGE

On April 24, 2013, the shareholders of the Company entered into a definitive agreement pursuant to which its shareholders exchanged common stock of Edible Garden Corp. for common stock of the Company.  Under the agreement the Company acquired the customer list. Under the terms of this agreement the Company paid 1,250,000 shares of common stock valued at $212,500.

The transaction was accounted for as a business acquisition. In accordance with generally accepted accounting principles, intangible assets are recorded at fair values as of the date of the transaction. The Company has preliminarily allocated the $212,500 consideration paid to the acquired assets as follows:

Cash
    
100
  
Intangible assets, customer list
    
212,400
  
Fair value acquired
  
$
212,500
  

Intangible assets with estimated useful lives are amortized over a 5 year period.
 
 
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