| Schedule of discontinued operations |
|
|
|
|
(in thousands) |
|
|
(in thousands) |
|
|
|
Three Months
ended September 30, |
|
|
Nine Months
ended September 30, |
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
Total revenues |
|
$ |
203 |
|
|
$ |
6,283 |
|
|
$ |
3,478 |
|
|
$ |
17,491 |
|
Cost of goods sold |
|
|
94 |
|
|
|
3,458 |
|
|
|
2,755 |
|
|
|
9,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
109 |
|
|
|
2,825 |
|
|
|
723 |
|
|
|
7,845 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
1,355 |
|
|
|
3,466 |
|
|
|
5,224 |
|
|
|
9,440 |
|
Impairment of Assets |
|
|
4,043 |
|
|
|
- |
|
|
|
10,359 |
|
|
|
- |
|
(Gain) / Loss on sale of assets |
|
|
(1,203 |
) |
|
|
9 |
|
|
|
1,994 |
|
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from operations |
|
$ |
(4,086 |
) |
|
$ |
(650 |
) |
|
$ |
(16,854 |
) |
|
$ |
(1,604 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense) |
|
|
(113 |
) |
|
|
(161 |
) |
|
|
(488 |
) |
|
|
(531 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations |
|
$ |
(4,199 |
) |
|
$ |
(811 |
) |
|
$ |
(17,342 |
) |
|
$ |
(2,135 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations per common share attributable to Terra Tech Corp common stockholders - basic and diluted |
|
$ |
(0.05 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.02 |
) |
The carrying amounts of the major classes of assets and liabilities for the discontinued operations are as follows: |
|
|
|
(in thousands) |
|
|
|
September 30,
2020
|
|
|
December 31,
2019
|
|
Accounts receivable, net |
|
$ |
97 |
|
|
|
1,096 |
|
Inventory |
|
|
19 |
|
|
|
1,073 |
|
Prepaid expenses and other assets |
|
|
67 |
|
|
|
271 |
|
Property, equipment and leasehold improvements, net |
|
|
2,769 |
|
|
|
15,069 |
|
Intangible assets, net |
|
|
- |
|
|
|
399 |
|
Goodwill |
|
|
- |
|
|
|
6,251 |
|
Other assets |
|
|
212 |
|
|
|
1,079 |
|
|
|
|
|
|
|
|
|
|
Assets of discontinued operations |
|
$ |
3,164 |
|
|
$ |
25,238 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
$ |
984 |
|
|
$ |
3,285 |
|
Deferred gain on sale of assets |
|
|
7,236 |
|
|
|
3,750 |
|
Liabilities of discontinued operations |
|
$ |
8,220 |
|
|
$ |
7,035 |
|
|