CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||
| Total revenues | $ 3,053,000 | $ 5,477,000 | $ 9,806,000 | $ 12,000,000 |
| Cost of goods sold | 1,615,000 | 2,295,000 | 4,796,000 | 4,917,000 |
| Gross profit | 1,438,000 | 3,182,000 | 5,010,000 | 7,083,000 |
| Selling, general and administrative expenses | 5,588,000 | 9,318,000 | 20,409,000 | 26,521,000 |
| Impairment of assets | 9,792,000 | 171,000 | 19,909,000 | 681,000 |
| (Gain) / Loss on sale of assets | 0 | (893,000) | (35,000) | (893,000) |
| Loss on interest in joint venture | 0 | 0 | 0 | 1,067,000 |
| Loss from operations | (13,943,000) | (5,414,000) | (35,273,000) | (20,294,000) |
| Other income (expense): | ||||
| Interest expense, net | (529,000) | (1,714,000) | (1,885,000) | (8,262,000) |
| Other income/loss | 372,000 | (984,000) | 349,000 | 13,000 |
| Total other income (expense) | (157,000) | (2,698,000) | (1,536,000) | (8,249,000) |
| Income (Loss) from continuing operations | (14,100,000) | (8,112,000) | (36,809,000) | (28,543,000) |
| Income (Loss) from discontinued operations, net of tax | (4,199,000) | (811,000) | (17,342,000) | (2,135,000) |
| NET INCOME (LOSS) | (18,299,000) | (8,923,000) | (54,151,000) | (30,678,000) |
| Less: Income (Loss) attributable to non-controlling interest from continuing operations | 138,000 | 143,000 | 479,000 | 57,000 |
| NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. | $ (18,161,000) | $ (8,780,000) | $ (53,672,000) | $ (30,621,000) |
| Income / ( Loss) from continuing operations per common share attributable to Terra Tech Corp. common stockholders - basic and diluted | $ (0.07) | $ (0.07) | $ (0.20) | $ (0.28) |
| Net Loss per common share attributable to Terra Tech Corp. common stockholders - basic and diluted | $ (0.09) | $ (0.08) | $ (0.29) | $ (0.30) |
| Weighted-average number of common shares outstanding - basic and diluted | 206,828,614 | 110,797,214 | 186,295,127 | 102,907,538 |
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
|
| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The difference between the carrying value and the sale price of an investment. A loss would be recognized when the sale price of the investment is less than the carrying value of the investment. This element refers to the Loss included in earnings and not to the cash proceeds of the sale. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to redeemable noncontrolling shareholder, unit holder, partner, or other equity holder of a joint venture. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
|