Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 946 $ 1,226
Accounts receivable, net 1,561 693
Inventory 5,012 4,334
Prepaid expenses and other assets 942 675
Current assets of discontinued operations 206 2,440
Total current assets 8,667 9,368
Property, equipment and leasehold improvements, net 35,021 35,469
Intangible assets, net 16,865 14,871
Goodwill 24,034 21,471
Other assets 11,842 7,631
Investments 5,330 5,000
Assets of discontinued operations 13,227 25,440
TOTAL ASSETS 114,986 119,250
Current liabilities:    
Accounts payable and accrued expenses 13,025 9,504
Deferred Revenue 300 0
Short-term debt 16,514 11,008
Current liabilities of discontinued operations 4,436 7,070
Total current liabilities 34,275 27,582
Long-term liabilities:    
Long-term debt, net of discounts 2,159 6,570
Long-term lease liabilities 8,422 8,902
Long-term liabilities of discontinued operations 0 869
Total long-term liabilities 10,581 16,341
Total liabilities 44,856 43,923
STOCKHOLDERS' EQUITY:    
Common stock, par value 0.001: 990,000,000 Shares authorized as of March 31, 2020 and December 31, 2019; 193,239,261 issued and 190,930,853 outstanding as of March 31, 2020 and 120,313,386 shares issued and 118,004,978 shares outstanding as of December 31, 2019 193 120
Additional paid-in capital 272,455 260,516
Treasury Stock (2,308,408 shares of common stock, 4 shares of Preferred Stock Convertible Series A) (808) (808)
Accumulated deficit (207,015) (189,685)
Total Terra Tech Corp. stockholders' equity 64,825 70,143
Non-controlling interest 5,305 5,184
Total stockholders' equity 70,130 75,327
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 114,986 119,250
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock, convertible series B, par value 0.001: 41,000,000 Shares Authorized as of March 31, 2020 and December 31, 2019; 0 Shares Issued and Outstanding as of March 31, 2020 and December 31, 2019 0 0
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock, convertible series B, par value 0.001: 41,000,000 Shares Authorized as of March 31, 2020 and December 31, 2019; 0 Shares Issued and Outstanding as of March 31, 2020 and December 31, 2019 $ 0 $ 0