Unrivaled Brands (UNRVD) 8-K/A Entry into a Material Definitive Agreement

EXHIBIT 99.3a

 

Terra Tech Corp and Blum Oakland

Pro Forma Balance Sheet

As of December 31, 2015

 

	Terra Tech						Pro Forma
	Corp			Blum Oakland			Adjustments			Pro Forma
Assets
Current Assets:
Cash	$	418,082		$	366,410		$	-		$	784,492
Accounts receivable, net		741,844			-			(98,304	)(1)		643,540
Prepaid expenses		147,230			-			-			147,230
Inventory		949,448			65,299			-			1,014,747
Total Current Assets		2,256,604			431,709			(98,304	)		2,590,009
Property, equipment and leasehold improvements, net		6,694,975			702,294			-			7,397,269
Intangible assets, net		118,932			-			-			118,932
Intangible assets - Blum Oakland								25,000,000			25,000,000
Deposits		94,528			-			-			94,528
Total Assets	$	9,165,039		$	1,134,003		$	24,901,696		$	35,200,738
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable and accrued expenses	$	1,119,459		$	213,471		$	(98,304	)(1)	$	1,234,626
Derivative liability		743,400			-			-			743,400
Accrued liabilities		917,363			1,584,220			278,713	(2)		2,780,296
Total Current Liabilities		2,780,222			1,797,691			180,409			4,758,322
Long Term Liabilities
Deferred tax liability, net		44,000			95,717			-			139,717
Total Long Term Liabilities		44,000			95,717			-			139,717
Commitment and Contingencies
Blum - Cash Contingency								2,088,000			2,088,000
Blum - Stock Contingency								8,512,000			8,512,000
Stockholders' Equity
Preferred stock, Convertible Series A, Par value $0.001;
authorized and issued 100 shares as of December 31, 2015
and 2014, respectively		-			-			-			-
Preferred stock, Convertible Series B, Par value $0.001;
authorized 24,999,900 shares; issued and outstanding
16,300,000 and 15,500,000 shares as of December 31, 2015
and 2014, respectively		16,300			-			-			16,300
Common stock, Par value $0.001; authorized 350,000,000
shares; issued 303,023,744 and 197,532,892 shares as
of December 31, 2015 and 2014, respectively		303,024			100			-			303,124
Additional paid-in capital		51,843,071			-			-			51,843,071
Accumulated Deficit		(45,952,109	)		(759,505	)		(278,713	) (2)		(46,990,327	)
Total Terra Tech Corp. stockholders' equity		6,210,286			(759,405	)		(278,713	)		5,172,168
Non-controlling interest		130,531			-			-			130,531
Total Stockholders' Equity		6,340,817			(759,405	)		(278,713	)		5,302,699
Total Liabilities and Stockholders' Equity	$	9,165,039		$	1,134,003		$	(98,304	)	$	10,200,738

____________

Note 1 - Elimination of receivables and payables between entities.

Note 2 - Adjustment from Pro Forma Statement of Operations.

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Terra Tech Corp and Blum Oakland

Pro Forma Statement of Operations

For the Year Ended December 31, 2015

 

	Terra Tech			Blum			Pro Forma
	Corp			Oakland			Adjustments			Pro Forma
Total Revenues	$	9,975,346		$	12,983,824		$	(683,516	) (1)	$	22,275,654
Cost of Goods Sold		8,958,475			10,709,576			(512,803	) (1)		19,155,248
		1,016,871			2,274,248			(170,713	)		3,120,406
Selling, general and administrative expenses		9,833,646			2,213,742			108,000	(2)		12,155,388
Loss from operations		(8,816,775	)		60,506			(278,713	)		(9,034,982	)
Other Income (Expenses)
Amortization of debt discount		(696,180	)		-			-			(696,180	)
Loss on extinguishment of debt		(619,444	)		-			-			(619,444	)
Loss from derivatives issued with debt greater than debt carrying value		(561,000	)		-			-			(561,000	)
Gain (Loss) on fair market valuation of derivatives		1,800,100			-			-			1,800,100
Interest Income (Expense)		(469,576	)		1,236			-			(468,340	)
Total Other Income (Expense)		(546,100	)		1,236			-			(544,864	)
Loss before Provision of Income Taxes		(9,362,875	)		61,742			(278,713	)		(9,579,846	)
Provision for income taxes		44,000			636,628			-			680,628
Net Loss		(9,406,875	)		(574,886	)		(278,713	)		(10,260,474	)
Net Loss attributable to non-controlling interest		181,295			-			-			181,295
Net Loss attributable to Terra Tech Corp.	$	(9,225,580	)	$	(574,886	)	$	(278,713	)	$	(10,079,179	)

_____________

Note 1 - The revenue and cost of goods sold between Blum and IVXX have been eliminated.

Note 2 - The salaries to the Blum partners have been eliminated and replaced with the Platinum management agreement.

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