| Schedule of discontinued operations |
Operating results for the discontinued operations were comprised of the following:
|
|
|
(in thousands) |
|
|
(in thousands) |
|
|
|
Three Months
ended June 30, |
|
|
Six Months
ended June 30, |
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
Total revenues |
|
$ |
97 |
|
|
$ |
5,025 |
|
|
$ |
2,407 |
|
|
$ |
11,207 |
|
Cost of goods sold |
|
|
164 |
|
|
|
2,621 |
|
|
|
1,951 |
|
|
|
6,189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
(67 |
) |
|
|
2,404 |
|
|
|
456 |
|
|
|
5,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
186 |
|
|
|
2,924 |
|
|
|
2,275 |
|
|
|
5,338 |
|
(Gain) / Loss on sale of assets |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from operations |
|
$ |
(253 |
) |
|
$ |
(520 |
) |
|
$ |
(1,819 |
) |
|
$ |
(320 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense) |
|
|
(408 |
) |
|
|
36 |
|
|
|
(3,197 |
) |
|
|
(387 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations |
|
$ |
(661 |
) |
|
$ |
(484 |
) |
|
$ |
(5,016 |
) |
|
$ |
(707 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations per common share attributable to Terra Tech Corp common stockholders - basic and diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.00 |
) |
The carrying amounts of the major classes of assets and liabilities for the discontinued operations are as follows: |
|
|
|
(in thousands) |
|
|
|
June 30,
2020 |
|
|
December 31,
2019
|
|
Accounts receivable, net |
|
$ |
73 |
|
|
|
1,096 |
|
Inventory |
|
|
- |
|
|
|
1,073 |
|
Prepaid expenses and other assets |
|
|
- |
|
|
|
271 |
|
Property, equipment and leasehold improvements, net |
|
|
10,325 |
|
|
|
15,069 |
|
Intangible assets, net |
|
|
- |
|
|
|
399 |
|
Goodwill |
|
|
- |
|
|
|
6,251 |
|
Other assets |
|
|
1 |
|
|
|
1,079 |
|
Investments |
|
|
- |
|
|
|
- |
|
Assets of discontinued operations |
|
$ |
10,399 |
|
|
$ |
25,238 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
$ |
388 |
|
|
$ |
3,285 |
|
Deferred gain on sale of assets |
|
|
7,695 |
|
|
|
3,750 |
|
Liabilities of discontinued operations |
|
$ |
8,083 |
|
|
$ |
7,035 |
|
|