Terra Tech is spending A LOT of money. And I understand that as a growing company. But does anyone know if the cash needs will decrease going forward? A bunch of cash was raised thru financing activities. I would like to see this trend slow.
Also, is anyone able to address the quarterly Selling, general and administration expense of $8,035,171 for the quarter? Can we see this number decrease going forward?
On the positive side, we actually see revenue! Unique in the U.S. MJ world.
As of October 28, 2014, there were 189,648,936 shares of common stock issued and outstanding.
Sept 30th 2013 94,071,535
Authorized 350,000,000 shares.
Cash $3,476,579.
Note payable $6,550,205.
Total Revenues $1,314,973
Selling, general and administrative expenses $8,035,171
Warrants issued with common stock and debt $5,038,986
Stock issued for interest expense $284,101
Stock issued for compensation $1,657,860
Stock issued for services $2,900,368
Net cash provided by financing activities $11,317,676
