Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 3,502,057 $ 5,486,526
Short-term investments 0 294,802
Accounts receivable, net 7,957,325 5,286,863
Unbilled revenue 2,096,667 1,072,391
Inventory, net 5,058,147 5,683,043
Due from related party 432,995 1,177,261
Prepaid and other current assets 453,503 353,105
Total current assets 19,500,694 19,353,991
Property, plant and equipment, net 548,357 543,754
Intangible assets, net 1,042,324 1,044,611
Goodwill 40,870 40,870
Investment in Ultra Emissions Technologies Limited 2,000,000 0
Other assets 58,425 58,425
TOTAL ASSETS 23,190,670 21,041,651
Current liabilities:    
Accounts payable 3,032,613 3,311,809
Accrued expenses 1,189,669 1,066,860
Deferred revenue 1,014,381 996,941
Total current liabilities 5,236,663 5,375,610
Long-term liabilities:    
Deferred revenue, net of current portion 439,825 273,162
Senior convertible promissory note, related party 3,136,900 2,951,011
Total liabilities 8,813,388 8,599,783
Commitments and contingencies
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 19,949,672 and 18,478,990 issued and outstanding at September 30, 2016 and December 31, 2015 19,950 18,479
Additional paid-in capital 37,205,570 34,501,640
Accumulated deficit (22,848,238) (21,682,437)
Total Tecogen Inc. stockholders’ equity 14,377,282 12,837,682
Noncontrolling interest 0 (395,814)
Total stockholders’ equity 14,377,282 12,441,868
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 23,190,670 $ 21,041,651