Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Consolidated Statements Of Operations    
Total Revenues $ 31,333,618 $ 35,800,844
Cost of Goods Sold 18,900,090 24,879,428
Gross Profit 12,433,528 10,921,416
Selling, General and Administrative Expenses 43,304,374 30,801,434
Loss from Operations (30,870,846) (19,880,018)
Other Income (Expense):    
Impairment of Property (77,556) (138,037)
Impairment of Intangible Assets (757,467)
Loss on Extinguishment of Debt (7,144,288)
Gain (Loss) on Fair Market Valuation of Derivatives (3,494,550)
Interest Expense, Net (13,092,934) (2,681,426)
Share of Loss in Joint Venture (662,222)
Gain on Sale of Assets 5,229,680
Gain on Settlement of Contingent Consideration 4,991,571
Gain (Loss) on Fair Market Valuation of Contingent Consideration (4,426,047)
Total Other Income (Expense) (8,603,032) (13,650,244)
Loss Before Provision for Income Taxes (39,473,878) (33,530,262)
Provision for Income Tax Benefit (Expense) 347,455
Net Loss (39,473,878) (33,182,807)
Net Income / (Loss) Attributable to Non-Controlling Interest 279,609 (505,204)
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP. $ (39,753,486) $ (32,677,603)
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted $ (0.56) $ (0.71)
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted 71,028,851 46,072,846