| Schedule of discontinued operations |
|
|
(in thousands) |
|
|
(in thousands) |
|
|
|
Three Months ended September 30, |
|
|
Nine Months ended September 30, |
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
Total revenues |
|
$ |
4,154 |
|
|
$ |
3,790 |
|
|
$ |
11,701 |
|
|
$ |
10,936 |
|
Cost of goods sold |
|
|
1,996 |
|
|
|
1,910 |
|
|
|
5,663 |
|
|
|
5,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
2,158 |
|
|
|
1,880 |
|
|
|
6,038 |
|
|
|
5,208 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1,394 |
|
|
|
1,737 |
|
|
|
4,312 |
|
|
|
5,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from operations |
|
$ |
764 |
|
|
$ |
143 |
|
|
$ |
1,726 |
|
|
$ |
(192 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense) |
|
|
(130 |
) |
|
|
(137 |
) |
|
|
(444 |
) |
|
|
(387 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations |
|
$ |
634 |
|
|
$ |
6 |
|
|
$ |
1,282 |
|
|
$ |
(579 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations per common share attributable to Terra Tech Corp common stockholders - basic and diluted |
|
$ |
0.01 |
|
|
$ |
0.00 |
|
|
$ |
0.02 |
|
|
$ |
(0.00 |
) |
The carrying amounts of the major classes of assets and liabilities for the discontinued operations are as follows:
|
|
(in thousands) |
|
|
|
September 30,
2019
|
|
|
December 31,
2018
|
|
Accounts receivable, net |
|
$ |
186 |
|
|
|
48 |
|
Inventory |
|
|
844 |
|
|
|
1,235 |
|
Prepaid expenses and other assets |
|
|
58 |
|
|
|
83 |
|
Property, equipment and leasehold improvements, net |
|
|
8,406 |
|
|
|
10,396 |
|
Other assets |
|
|
621 |
|
|
|
4 |
|
Assets of discontinued operations |
|
$ |
10,115 |
|
|
$ |
11,766 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
$ |
3,248 |
|
|
$ |
690 |
|
Other long term liabilities |
|
|
- |
|
|
|
- |
|
Liabilities of discontinued operations |
|
$ |
3,248 |
|
|
$ |
690 |
|
|