|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current Assets: |
|
|
| Cash |
$ 846,650 |
$ 26,943 |
| Accounts receivable, net |
417,463 |
41,903 |
| Prepaid expenses |
82,200 |
857 |
| Inventory |
670,180 |
|
| Note receivable |
|
173,754 |
| Total Current Assets |
2,016,493 |
243,457 |
| Property, equipment and leasehold improvements, net |
5,446,743 |
21,369 |
| Intangible assets, net |
161,412 |
194,872 |
| Deposits |
94,578 |
3,580,887 |
| Total Assets |
7,719,226 |
4,040,585 |
| Current Liabilities: |
|
|
| Accounts payable and accrued expenses |
573,721 |
1,275,918 |
| Note payable |
4,615,547 |
1,197,680 |
| Loans from Related Party |
|
102,500 |
| Derivative liability |
1,253,000 |
1,381,000 |
| Total Current Liabilities |
6,442,268 |
3,957,098 |
| Commitment and Contingencies |
|
|
| Stockholders' Equity |
|
|
| Common stock, par value $0.001; authorized 350,000,000 shares; issued 197,532,892 and 146,806,928 shares as of December 31, 2014 and 2013, respectively |
197,533 |
146,808 |
| Additional Paid in Capital |
38,081,784 |
14,759,246 |
| Accumulated Deficit |
(36,726,529) |
(14,837,317) |
| Total Terra Tech Corp. stockholders' equity |
1,568,288 |
83,487 |
| Non-controlling interest |
(291,330) |
|
| Total Stockholders' Equity |
1,276,958 |
83,487 |
| Total Liabilities and Stockholders' Equity |
7,719,226 |
4,040,585 |
| Convertible Series A Preferred Stock |
|
|
| Stockholders' Equity |
|
|
| Preferred stock, value |
|
|
| Convertible Series B Preferred Stock |
|
|
| Stockholders' Equity |
|
|
| Preferred stock, value |
$ 15,500 |
$ 14,750 |