Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.20.1
DISCONTINUED OPERATIONS (Tables)
3 Months Ended
Mar. 31, 2020
DISCONTINUED OPERATIONS (Tables)  
Schedule of discontinued operations

 

(in thousands)

 

Three Months
ended March 31,

 

2020

 

2019

 

Total revenues

 

$

2,310

 

$

5,313

 

Cost of goods sold

 

1,787

 

2,909

 

Gross profit

 

523

 

2,404

 

Selling, general and administrative expenses

 

2,089

 

2,924

 

(Gain) / Loss on sale of assets

 

3,197

 

-

 

Income (Loss) from operations

 

$

(4,763

)

 

$

(520

)

 

Other income (expense)

 

11

 

36

 

Income (Loss) from discontinued operations

 

$

(4,752

)

 

$

(484

)

 

Income (Loss) from discontinued operations per common share attributable to Terra Tech Corp common stockholders - basic and diluted

 

$

(0.03

)

 

$

(0.01

)

 

(in thousands)

 

March 31,

2020

 

December 31,

2019

 

Accounts receivable, net

 

$

980

 

1,096

 

Inventory

 

89

 

1,073

 

Prepaid expenses and other assets

 

37

 

271

 

Property, equipment and leasehold improvements, net

 

10,545

 

15,069

 

Intangible assets, net

 

-

 

399

 

Goodwill

 

-

 

6,251

 

Other assets

 

6,541

 

3,720

 

Investments

 

330

 

-

 

Assets of discontinued operations

 

$

18,522

 

$

27,879

 

Accounts payable and accrued expenses

 

$

538

 

$

3,320

 

Deferred gain on sale of assets

 

3,898

 

3,750

 

Liabilities of discontinued operations

 

$

4,436

 

$

7,070