ACQUISITIONS (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Acquisitions Tables |
|
| Summary of Acquisition |
| Finished
Goods Inventory |
|
$ |
58,622 |
|
| Brands |
|
|
300,000 |
|
| Patent |
|
|
3,078 |
|
| Customer
Relationships |
|
|
888,300 |
|
| |
|
|
|
|
| Total
Assets Acquired |
|
$ |
1,250,000 |
|
|
| Summary of Acquisition purchase price |
| |
|
Preliminary |
|
|
|
|
|
Final |
|
| |
|
as
of |
|
|
|
|
|
as
of |
|
| |
|
04/01/16 |
|
|
Adjustments |
|
|
12/31/16 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Current
Assets (Inclusive of Cash of $163,566) |
|
$ |
792,447 |
|
|
$ |
|
|
|
$ |
792,447 |
|
|
|
|
| Property,
Plant and Equipment |
|
|
681,896 |
|
|
|
|
|
|
|
681,896 |
|
|
|
|
| Customer
Relationships |
|
|
7,480,800 |
|
|
|
379,200 |
|
|
|
7,860,000 |
* |
|
|
|
| Trade
Name |
|
|
4,280,000 |
|
|
|
1,040,000 |
|
|
|
5,320,000 |
* |
|
|
|
| Dispensary
License |
|
|
8,214,700 |
|
|
|
2,055,300 |
|
|
|
10,270,000 |
* |
|
|
|
| Liabilities |
|
|
(2,355,938 |
) |
|
|
|
|
|
|
(2,355,938 |
) |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Identifiable Net Assets |
|
|
19,093,905 |
|
|
|
3,474,500 |
|
|
|
22,568,405 |
|
|
|
|
| Goodwill |
|
|
32,395,760 |
|
|
|
(3,474,500 |
) |
|
|
28,921,260 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
Assets |
|
$ |
51,489,665 |
|
|
$ |
|
|
|
$ |
51,489,665 |
|
|
|
|
|
| Summary of the purchase price |
| Purchase
Price Detail |
|
Series
B
Preferred
Stock
|
|
|
Series
Q
Preferred
Stock
|
|
|
Series
Z
Preferred
Stock
|
|
|
Preferred
Stock Converted into Common Stock |
|
|
Total
Consideration
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Closing
Consideration |
|
|
1,248,300 |
|
|
|
3,696 |
|
|
|
1,176 |
|
|
|
36,960,989 |
|
|
$ |
9,683,779 |
|
| Lockup
Consideration |
|
|
4,468,872 |
|
|
|
8,945 |
|
|
|
4,210 |
|
|
|
110,882,953 |
|
|
|
29,051,334 |
|
| Holdback
Consideration |
|
|
2,951,528 |
|
|
|
8,739 |
|
|
|
2,781 |
|
|
|
87,392,202 |
|
|
|
11,324,969 |
|
| Performance-Based
Cash Consideration |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,429,583 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Totals |
|
|
8,668,700 |
|
|
|
21,380 |
|
|
|
8,167 |
|
|
|
235,236,144 |
|
|
$ |
51,489,665 |
|
|
| Supplemental pro forma information |
| |
|
Pro Forma Results of Operations |
|
| |
|
For the Years Ended
December 31,
(Unaudited)
|
|
| |
|
2016 |
|
|
2015 |
|
| Revenues |
|
$ |
28,700,238 |
|
|
$ |
22,934,825 |
|
| |
|
|
|
|
|
|
|
|
| Net Loss Attributable to Terra Tech Corp. |
|
$ |
(27,398,237 |
) |
|
$ |
(11,189,033 |
) |
| |
|
|
|
|
|
|
|
|
| Net Loss per Common Share Attributable to Terra Tech Corp. Common Stockholders - Basic and Diluted |
|
$ |
(0.07 |
) |
|
$ |
(0.05 |
) |
|