Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,572,785 $ 3,018,566
Short-term investments, restricted 181,859 683,428
Accounts receivable, net 2,700,243 1,399,232
Inventory, net 3,356,622 2,568,986
Due from related party 55,837 299,739
Prepaid and other current assets 402,846 112,716
Total current assets 8,270,192 8,082,667
Property, plant and equipment, net 435,612 385,779
Intangible assets, net 372,020 241,621
Other assets 39,425 35,425
TOTAL ASSETS 9,117,249 8,745,492
Current liabilities:    
Demand notes payable, related party 1,337,500 1,037,500
Current portion of convertible debentures, related party 90,967 0
Accounts payable 1,151,010 812,214
Accrued expenses 807,922 727,463
Deferred revenue 677,919 509,283
Interest payable, related party 126,170 61,062
Total current liabilities 4,191,488 3,147,522
Long-term liabilities:    
Deferred revenue, net of current portion 142,726 183,839
Convertible debentures, related party, net of current portion 0 190,967
Total liabilities 4,334,214 3,522,328
Commitments and contingencies (Note 8) 0 0
Redeemable Common stock, $0.001 par value 0 0
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 54,447,854 and 53,993,882 issued and outstanding at December 31, 2012 and 2011, respectively 54,448 53,994
Additional paid-in capital 16,319,985 15,486,775
Receivable from shareholder 0 (345,000)
Accumulated deficit (11,759,723) (10,122,766)
Total Tecogen Inc. stockholders’ equity 4,614,710 5,073,003
Noncontrolling interest 168,325 150,161
Total stockholders’ equity 4,783,035 5,223,164
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,117,249 $ 8,745,492