Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2015
Dec. 31, 2014
Statement of Financial Position [Abstract]      
Depreciation $ 42,366 $ 129,775  
Inventory Valuation Reserves 275,000 275,000 $ 300,000
Current assets:      
Cash and cash equivalents 3,970,011 3,970,011 1,186,033
Short-term investments, restricted 294,728 294,728 585,702
Accounts receivable, net 4,331,181 4,331,181 4,750,437
Unbilled revenue 1,801,055 1,801,055 696,912
Inventory, net 4,699,913 4,699,913 4,090,221
Due from related party 949,129 949,129 600,251
Deferred financing costs, current portion 50,201 50,201 50,201
Prepaid and other current assets 354,859 354,859 348,868
Total current assets 16,451,077 16,451,077 12,308,625
Property, plant and equipment, net 565,230 565,230 658,421
Intangible assets, net 1,046,316 1,046,316 1,011,300
Goodwill 40,870 40,870 40,870
Deferred financing costs, net of current portion 11,439 11,439 48,990
Other assets 58,425 58,425 53,325
TOTAL ASSETS 18,173,357 18,173,357 14,121,531
Current liabilities:      
Accounts payable 2,841,858 2,841,858 2,416,313
Accrued expenses 1,138,914 1,138,914 1,008,153
Deferred revenue 556,145 556,145 1,666,576
Total current liabilities 4,536,917 4,536,917 5,091,042
Long-term liabilities:      
Deferred revenue, net of current portion 415,712 415,712 207,153
Senior convertible promissory note, related party 3,000,000 3,000,000 3,000,000
Total liabilities $ 7,952,629 $ 7,952,629 $ 8,298,195
Commitments and contingencies
Tecogen Inc. shareholders’ equity:      
Common stock, $0.001 par value; 100,000,000 shares authorized; 17,588,782 and 15,905,881 issued and outstanding at September 30, 2015 and December 31, 2014, respectively $ 17,589 $ 17,589 $ 15,906
Additional paid-in capital 31,455,719 31,455,719 25,088,213
Accumulated deficit (20,884,168) (20,884,168) (18,955,023)
Total Tecogen Inc. stockholders’ equity 10,589,140 10,589,140 6,149,096
Noncontrolling interest (368,412) (368,412) (325,760)
Total stockholders’ equity 10,220,728 10,220,728 5,823,336
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,173,357 $ 18,173,357 $ 14,121,531