Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 744,000 $ 1,226,000
Accounts receivable, net 1,242,000 693,000
Inventory 4,768,000 4,334,000
Prepaid expenses and other assets 459,000 675,000
Current assets of discontinued operations 73,000 2,440,000
Total current assets 7,286,000 9,368,000
Property, equipment and leasehold improvements, net 34,066,000 35,469,000
Intangible assets, net 11,733,000 14,871,000
Goodwill 17,224,000 21,471,000
Other assets 14,980,000 10,272,000
Investments 5,330,000 5,000,000
Assets of discontinued operations 10,326,000 22,799,000
TOTAL ASSETS 100,945,000 119,250,000
Current liabilities:    
Accounts payable and accrued expenses 13,117,000 9,525,000
Deferred revenue 129,000 0
Short-term debt 16,885,000 11,021,000
Current liabilities of discontinued operations 8,083,000 7,035,000
Total current liabilities 38,216,000 27,582,000
Long-term liabilities:    
Long-term debt, net of discounts 1,878,000 6,570,000
Long-term lease liabilities 8,202,000 8,902,000
Long-term liabilities of discontinued operations 0 869,000
Total long-term liabilities 10,080,000 16,341,000
Total liabilities 48,294,000 43,923,000
STOCKHOLDERS' EQUITY:    
Common stock, par value 0.001: 990,000,000 Shares authorized as of June 30, 2020 and December 31, 2019; 204,777,168 issued and 202,468,760 outstanding as of June 30, 2020 and 120,313,386 shares issued and 118,004,978 shares outstanding as of December 31, 2019 207,000 120,000
Additional paid-in capital 273,526,000 260,516,000
Treasury Stock (2,308,408 shares of common stock, 4 shares of Preferred Stock Convertible Series A) (808,000) (808,000)
Accumulated deficit (225,198,000) (189,685,000)
Total Terra Tech Corp. stockholders' equity 47,728,000 70,143,000
Non-controlling interest 4,923,000 5,184,000
Total stockholders' equity 52,651,000 75,327,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 100,945,000 119,250,000
Preferred Stock Convertible Series B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock, convertible series 0 0
Preferred Stock Convertible Series A    
STOCKHOLDERS' EQUITY:    
Total stockholders' equity 0 0
Preferred stock, convertible series $ 0 $ 0