Annual report pursuant to Section 13 and 15(d)

Subsequent events

v3.6.0.2
Subsequent events
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent events
Subsequent events
While the Company is not currently a party to any material litigation arising from its operations, it is a party to a claim in the Superior Court of the Commonwealth of Massachusetts and named as a defendant in a case in the United States District Court for the District of Massachusetts, related to the Merger. The Company believes the claims are without merit, and will rigorously defend against said claims.
In January 2017, Tecogen purchased inventory items in the form of repair parts, auxiliary installation equipment, and older model cogeneration equipment from ADGE. This inventory will be consumed in future installation projects and service maintenance contracts. The inventory was purchased for a total of $945,129.
The Company has evaluated subsequent events through the date of this report and determined that no additional subsequent events occurred that would require recognition in the consolidated financial statements or disclosure in the notes thereto.