| NOTE 17. SELECTED QUARTERLY FINANCIAL DATA |
NOTE 17 – SELECTED QUARTERLY FINANCIAL DATA
Selected financial data for 2016 and 2015 is
summarized as follows and highlights certain items that impacted our quarterly results (unaudited):
| |
|
Year Ended December 31, 2016 |
|
|
| |
|
First
Quarter
|
|
|
Second
Quarter
|
|
|
Third
Quarter
|
|
|
Fourth
Quarter
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$ |
1,548,167 |
|
|
$ |
9,699,909 |
|
|
$ |
6,950,365 |
|
|
$ |
7,129,322 |
|
|
| Gross Profit |
|
$ |
133,974 |
|
|
$ |
1,649,944 |
|
|
$ |
1,319,386 |
|
|
$ |
(530,621 |
) |
|
| Loss from Operations |
|
$ |
(1,912,374 |
) |
|
$ |
(3,817,377 |
) |
|
$ |
(4,686,560 |
) |
|
$ |
(7,731,540 |
) |
|
| Amortization of Debt Discount |
|
$ |
(94,406 |
) |
|
$ |
(218,126 |
) |
|
$ |
(610,089 |
) |
|
$ |
(491,581 |
) |
|
| Loss on Extinguishment of Debt |
|
$ |
(920,797 |
) |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
(4,462,016 |
) |
|
| Loss from Derivatives Issued with Debt Greater Than Debt Carrying Value |
|
$ |
– |
|
|
$ |
(488,000 |
) |
|
$ |
(867,000 |
) |
|
$ |
(132,500 |
) |
|
| (Loss) Gain on Fair Market Valuation of Derivatives |
|
$ |
(1,160,700 |
) |
|
$ |
(206,000 |
) |
|
$ |
771,000 |
|
|
$ |
(1,248,800 |
) |
|
| Interest Expense |
|
$ |
(55,995 |
) |
|
$ |
(60,565 |
) |
|
$ |
(159,633 |
) |
|
$ |
(101,156 |
) |
|
| Gain on Fair Market Valuation of Contingent Consideration |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
668,694 |
|
|
| Provision (Benefit) for Income Taxes |
|
|
– |
|
|
$ |
381,000 |
|
|
$ |
410,300 |
|
|
$ |
(791,300 |
) |
|
| Net Loss Attributable to Terra Tech Corp. |
|
$ |
(4,126,064 |
) |
|
$ |
(4,934,238 |
) |
|
$ |
(5,587,759 |
) |
|
$ |
(12,270,829 |
) |
|
| Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.04 |
) |
|
| Stock Price Per Share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| High |
|
$ |
0.42 |
|
|
$ |
0.75 |
|
|
$ |
0.51 |
|
|
$ |
0.56 |
|
|
| Low |
|
$ |
0.09 |
|
|
$ |
0.22 |
|
|
$ |
0.27 |
|
|
$ |
0.22 |
|
|
| |
|
Year Ended December 31, 2015 |
|
|
| |
|
First
Quarter
|
|
|
Second
Quarter
|
|
|
Third
Quarter
|
|
|
Fourth
Quarter
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$ |
763,353 |
|
|
$ |
5,024,290 |
|
|
$ |
2,018,351 |
|
|
$ |
2,169,352 |
|
|
| Gross Profit |
|
$ |
217,941 |
|
|
$ |
262,614 |
|
|
$ |
369,806 |
|
|
$ |
166,510 |
|
|
| Loss from Operations |
|
$ |
(2,104,570 |
) |
|
$ |
(3,099,232 |
) |
|
$ |
(1,729,508 |
) |
|
$ |
(1,883,465 |
) |
|
| Amortization of Debt Discount |
|
$ |
(41,126 |
) |
|
$ |
(224,729 |
) |
|
$ |
(258,306 |
) |
|
$ |
(172,019 |
) |
|
| Loss on Extinguishment of Debt |
|
|
– |
|
|
|
– |
|
|
$ |
(263,950 |
) |
|
$ |
(355,494 |
) |
|
| Loss from Derivatives Issued with Debt Greater Than Debt Carrying Value |
|
$ |
(224,000 |
) |
|
$ |
(337,000 |
) |
|
|
– |
|
|
|
– |
|
|
| Gain on Fair Market Valuation of Derivatives |
|
$ |
408,200 |
|
|
$ |
999,000 |
|
|
$ |
372,400 |
|
|
$ |
20,500 |
|
|
| Interest Expense |
|
$ |
(188,529 |
) |
|
$ |
(129,701 |
) |
|
$ |
(108,563 |
) |
|
$ |
(42,783 |
) |
|
| Gain on Fair Market Valuation of Contingent Consideration |
|
$ |
– |
|
|
|
– |
|
|
|
– |
|
|
|
668,694 |
|
|
| Provision for Income Taxes |
|
$ |
– |
|
|
$ |
3,076 |
|
|
$ |
3,000 |
|
|
$ |
37,924 |
|
|
| Net Loss Attributable to Terra Tech Corp. |
|
$ |
(2,076,514 |
) |
|
$ |
(2,756,576 |
) |
|
$ |
(1,958,167 |
) |
|
$ |
(2,434,323 |
) |
|
| Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
| Stock Price Per Share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| High |
|
$ |
0.33 |
|
|
$ |
0.22 |
|
|
$ |
0.20 |
|
|
$ |
0.14 |
|
|
| Low |
|
$ |
0.17 |
|
|
$ |
0.10 |
|
|
$ |
0.08 |
|
|
$ |
0.08 |
|
|
|