SCROLL DOWN A BIT AND YOU WILL SEE HOW THE DEPOSITS WERE ACUIRED
THEN READ LIQUITY AND RESOURCES
TERRA TECH CORP.
CONSOLIDATED STATEMENT OF STOCKHOLDERS" EQUITY (DEFICIT)
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012
Preferred Stock
ConvertibleConvertible Convertible Convertible Additional
Series
A
Series
A Series B Series B Common Stock Paid in Accumulated
Shares Amount Shares Amount Shares Amount Capital Deficit Total
Balance January 1,
2013 100 $ - 14,750,000 $ 14,750 82,371,853 $82,372 $8,131,305 $(8,688,967 ) $(460,540 )
Sale of Common 22,084,567 22,085 1,552,457 1,574,542
Issuance of
Warrants 1,355,990 1,355,990
Issuance of
Common Stock for
services 5,420,741 5,421 767,744 773,165
Issuance of
Common Stock for
debt
and interest expense 35,279,767 35,280 2,548,900 2,584,180
Issuance of
Common Stock for
acquisition 1,250,000 1,250 211,250 212,500
THEY SOLD STOCK FOR DEPOSITS AS THEY HAVE NO CASH
Issuance of
Common Stock for
deposits 400,000 400 191,600 192,000
Net Loss (6,148,350 ) (6,148,350 )
Balance December
31, 2013 100 $ - 14,750,000 $ 14,750 146,806,928 $146,808 $14,759,246 $(14,837,317 ) $83,487
LIQUIDITY AND CAPITAL RESOURCES
Since our inception, we have raised capital through the private sale of preferred stock and debt securities, private sales of common stock. At December 31, 2013, we had cash of approximately $26,943 and a working capital deficit of $3,713,641. Our major cash flows in the year ended December 31, 2013 consisted of cash out-flows of $3,853,587 from operations, including $6,148,350 of net loss, cash outflows of $11,300 from investing activities and a net change from financing activities of $3,875,518, which primarily represented the net proceeds received from issuance of debt, common stock and warrants. We will be required to raise additional funds through public or private financing, additional collaborative relationships or other arrangements until we are able to raise revenues to a point of positive cash flow. We believe our existing and available capital resources will be sufficient to satisfy our funding requirements through the first quarter of 2014. We are evaluating various options to further reduce our cash requirements to operate at a reduced rate, as well as options to raise additional funds, including loans and sale of common stock.
AI
