EXHIBIT 99.2
 
 
TERRA TECH CORP.
CONSOLIDATED BALANCE SHEETS - (Pro Forma)
DECEMBER 31, 2012
 
   
Terra
    
Edible
          
Pro Forma
  
   
Tech Corp.
    
Garden Corp.
    
Adjustments
    
December 31, 2012
  
                         
Assets
                        
    Current Assets:
                        
      Cash
   $ 16,312     $ 100     $ -     $ 16,412  
      Accounts receivable, net
     27,476       -       -       27,476  
      Inventories, net
     256,714       -       -       256,714  
      Current portion of notes receivable, net of allowance
     -       -       -       -  
      Prepaid Inventory
     51,988       -       -       51,988  
            Total Current Assets
     352,490       100       -       352,590  
Property and equipment, net
     33,650       -       -       33,650  
Intangible assets
     -       -       212,400       212,400  
Deposits
     -       -       -       -  
            Total Assets
   $ 386,140     $ 100     $ 212,400     $ 598,640  
                                 
Liabilities and Stockholders' Equity
                                
    Current Liabilities
                                
      Accounts payable and accrued expenses
   $ 377,376     $ -     $ -     $ 377,376  
      Note payable
     364,306       -       -       364,306  
      Loans from Related Party
     104,998       -       -       104,998  
      Due to officers
     -       -       -       -  
            Total Current Liabilities
     846,680       -       -       846,680  
                                 
Commitment and Contingencies
                                
Stockholders' Equity
                                
Preferred stock, Convertible Series A
     -       -       -       -  
Preferred stock, Convertible Series B
     14,750       -       -       14,750  
                                 
Common stock
     82,372       -       -       82,372  
      Additional paid-in capital
     8,131,305       100       212,400       8,343,805  
      Accumulated Deficit
     (8,688,967 )     -       -       (8,688,967 )
         Total Stockholders' Equity
     (460,540 )     100       212,400       (248,040 )
                                 
            Total Liabilities and Stockholders' Equity
   $ 386,140     $ 100     $ 212,400     $ 598,640  
 
 
1
 
 
TERRA TECH CORP.
CONSOLIDATED STATEMENT OF OPERATIONS - (Pro Forma)
YEAR ENDED DECEMBER 31, 2012
 
                     
Pro Forma
  
   
Terra
    
Edible
          
Year Ended
  
   
Tech Corp
    
Garden Corp.
    
Adjustments
    
December 31, 2012
  
                         
Total Revenues
   $ 552,579     $ -     $ -     $ 552,579  
  Cost of Goods Sold
     451,713       -       -       451,713  
      100,866       -       -       100,866  
Selling, general and administrative expenses
     1,072,866       -       -       1,072,866  
Impairment of goodwill
     4,799,965       -       -       4,799,965  
Loss from operations
     (5,771,965 )     -       -       (5,771,965 )
                                 
Other Income (Expenses)
                                
  Loss on sale of property and equipment
     (1,322 )     -       -       (1,322 )
  Interest Expense
     (62,203 )     -       -       (62,203 )
Total Other Income (Expense)
     (63,525 )     -       -       (63,525 )
Loss before Provision of Income Taxes
     (5,835,490 )     -       -       (5,835,490 )
  Provision for income taxes
     879       -       -       879  
Net Loss applicable to common shareholders
   $ (5,836,369 )   $ -     $ -     $ (5,836,369 )
 
 
2
 
 
TERRA TECH CORP.
NOTES TO CONSOLIDATING FINANCIAL STATEMENTS – (PRO FORMA)
 
1.  BUSINESS ACQUISITION
 
On April 24, 2013, Terra Tech Corp. (the “Company”) completed the acquisition of Edible Garden Corp. transaction whereby the Company acquired all of the issued and outstanding shares of Edible Garden Corp. in exchange for 1,250,000 shares of our common stock. As a result of the acquisition, Edible Garden Corp. became our wholly owned subsidiary.
 
2.  ASSUMPTIONS IN CONSOLIDATION
 
The Pro Forma Consolidating Balance Sheet as of December 31, 2012 is adjusted as if the transaction took place as of January 1, 2012.  There is an adjustment to intangible assets for the fair value of the customer list as if the transaction took place as of January 1, 2012.  There is an adjustment for the common stock that would be issued to the existing shareholders of Edible Garden Corp. as if the transaction took place as of January 1, 2012.
 
No adjustments were required for the Pro Forma Consolidating Statements of Operations for the year ended December 31, 2012.
 
 
3
 
 
TERRA TECH CORP.
CONDENSED BALANCE SHEETS - (Pro Forma)
MARCH 31, 2013
 
   
Terra
    
Edible
          
Pro Forma
  
   
Tech Corp.
    
Garden Corp.
    
Adjustments
    
March 31, 2013
  
Assets
                        
    Current Assets:
                        
      Cash
   $ 436,158     $ 100     $ -     $ 436,258  
      Accounts receivable, net
     781       -       -       781  
      Inventories, net
     259,423       -       -       259,423  
      Current portion of notes receivable, net of allowance
     -       -       -       -  
      Prepaid Inventory
     51,988       -       -       51,988  
            Total Current Assets
     748,350       100       -       748,450  
Property and equipment, net
     30,580       -       -       30,580  
Intangible assets
     -       -       212,400       212,400  
Deposits
     700,000       -       -       700,000  
            Total Assets
   $ 1,478,930     $ 100     $ 212,400     $ 1,691,430  
                                 
Liabilities and Stockholders' Equity
                                
    Current Liabilities
                                
      Accounts payable and accrued expenses
   $ 326,945     $ -     $ -     $ 326,945  
      Note payable
     1,192,780       -       -       1,192,780  
      Loans from Related Party
     117,500       -       -       117,500  
      Derivative liability
     718,000       -       -       718,000  
            Total Current Liabilities
     2,355,225       -       -       2,355,225  
                                 
Commitment and Contingencies
                                
Stockholders' Equity
                                
Preferred stock, Convertible Series A
     -       -       -       -  
Preferred stock, Convertible Series B
     14,750       -       -       14,750  
                                 
Common stock
     85,612       -       -       85,612  
      Additional paid-in capital
     9,140,680       100       212,400       9,353,180  
      Common stock subscribed
     120,000       -       -       120,000  
      Accumulated Deficit
     (10,237,337 )     -       -       (10,237,337 )
         Total Stockholders' Equity
     (876,295 )     100       212,400       (663,795 )
                                 
            Total Liabilities and Stockholders' Equity
   $ 1,478,930     $ 100     $ 212,400     $ 1,691,430  
 
 
4
 
 
TERRA TECH CORP.
CONDENSED STATEMENT OF OPERATIONS
THREE MONTHS ENDED MARCH 31, 2013
 
   
Terra
    
Edible
          
Pro Forma
Three Months Ended
  
   
Tech Corp.
    
Gardens Corp.
    
Adjustments
    
March 31, 2013
  
                         
Total Revenues
   $ 66,121     $ -     $ -     $ 66,121  
  Cost of Goods Sold
     68,005       -       -       68,005  
      (1,884 )     -       -       (1,884 )
Selling, general and administrative expenses
     745,533       -       -       745,533  
Loss from operations
     (747,417 )     -       -       (747,417 )
                                 
Other Income (Expenses)
                                
  Loss from derivatives issued with debt greater
                                
    than debt carrying value
     (718,000 )     -       -       (718,000 )
  Interest Expense
     (82,953 )     -       -       (82,953 )
Total Other Income (Expense)
     (800,953 )     -       -       (800,953 )
Loss before Provision of Income Taxes
     (1,548,370 )     -       -       (1,548,370 )
  Provision for income taxes
     -       -       -       -  
Net Loss applicable to common shareholders
   $ (1,548,370 )   $ -     $ -     $ (1,548,370 )
 
 
5
 
 
TERRA TECH CORP.
NOTES TO CONSOLIDATING FINANCIAL STATEMENTS – (PRO FORMA)
 
1.  BUSINESS ACQUISITION
 
On April 24, 2013, Terra Tech Corp. (the “Company”) completed the acquisition of Edible Garden Corp. transaction whereby the Company acquired all of the issued and outstanding shares of Edible Garden Corp. in exchange for 1,250,000 shares of our common stock. As a result of the acquisition, Edible Garden Corp. became our wholly owned subsidiary.
 
2.  ASSUMPTIONS IN CONSOLIDATION
 
The Pro Forma Consolidating Balance Sheet as of March 31, 2013 is adjusted as if the transaction took place as of January 1, 2013.  There is an adjustment to intangible assets for the fair value of the customer list as if the transaction took place as of January 1, 2013.  There is an adjustment for the common stock that would be issued to the existing shareholders of Edible Garden Corp. as if the transaction took place as of January 1, 2013.
 
No adjustments were required for the Pro Forma Consolidating Statements of Operations for the three months ended March 31, 2013.
 
 
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