Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.20.1
DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2019
DISCONTINUED OPERATIONS  
Schedule of discontinued operations

 

(in thousands)

 

Year ended December 31,

 

2019

 

2018

 

Total revenues

 

$

10,506

 

$

11,169

 

Cost of goods sold

 

5,275

 

5,741

 

Gross profit

 

5,231

 

5,428

 

Selling, general and administrative expenses

 

3,804

 

5,393

 

Income (Loss) from operations

 

$

1,427

 

$

35

 

Other income (expense)

 

(839

)

 

(524

)

 

Income (Loss) from discontinued operations

 

$

588

 

$

(489

)

 

Income (Loss) from discontinued operations per common share attributable to Terra Tech Corp common stockholders - basic and diluted

 

$

0.01

 

$

0.00

 

Schedule of assets and liabilities for discontinued operations

 

 

(in thousands)

 

December 31,

2019

 

December 31,

2018

 

Accounts receivable, net

 

$

332

 

38

 

Inventory

 

252

 

920

 

Prepaid expenses and other assets

 

64

 

88

 

Property, equipment and leasehold improvements, net

 

10,457

 

12,649

 

Other assets

 

33

 

4

 

Assets of discontinued operations

 

$

11,138

 

$

13,699

 

Accounts payable and accrued expenses

 

$

990

 

$

505

 

Deferred gain on sale of assets

 

3,750

 

-

 

Liabilities of discontinued operations

 

$

4,740

 

$

505