Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v2.4.0.8
Stock-based compensation (Tables)
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2013
Tecogen
    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of Stock Option Activity  
Stock option activity for the nine months ended September 30, 2013 was as follows: 
Common Stock Options
Number of
Options
 
Exercise
Price
Per
Share
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Life
 
Aggregate
Intrinsic
Value
Outstanding, December 31, 2012
1,096,500

 
 $0.12-$3.20

 
$
1.96

 
4.66 years

 
$
1,356,400

Granted
37,500

 
3.20

 
3.20

 
—

 
—

Exercised
—

 
—

 
—

 
—

 
—

Canceled and forfeited
—

 
—

 
—

 
—

 
—

Expired
—

 
—

 
—

 
—

 
—

Outstanding, September 30, 2013
1,134,000

 
 $0.12-$3.20

 
$
2.00

 
3.94 years

 
$
1,356,400

Exercisable, September 30, 2013
815,438

 
 
 
$
1.73

 
 
 
$
1,201,075

Vested and expected to vest, September 30, 2013
1,134,000

 
 
 
$
2.00

 
 

 
$
1,356,400

Schedule of Restricted Stock Activity
Restricted stock activity for the nine months ended September 30, 2013 as follows: 
 
Number of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Unvested, December 31, 2012
399,070

 
$
1.44

Granted
—

 
—

Vested
—

 
—

Forfeited
(37,500
)
 
2.60

Unvested, September 30, 2013
361,570

 
$
1.31

 
Ilois
    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of Stock Option Activity
Stock option activity relating to Ilios for the nine months ended September 30, 2013 was as follows: 
Common Stock Options
Number of
Options
 
Exercise
Price
Per
Share
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Life
 
Aggregate
Intrinsic
Value
Outstanding, December 31, 2012
575,000

 
$0.10-$0.50

 
$
0.29

 
7.44 years
 
$
120,000

Granted
—

 
—

 
—

 
 
 
 
Exercised
—

 
—

 
—

 
 
 
 
Canceled and forfeited
—

 
—

 
—

 
 
 
 
Expired
—

 
—

 
—

 
 
 
 
Outstanding, September 30, 2013
575,000

 
$0.10-$0.50

 
$
0.29

 
6.69 years
 
$
120,000

Exercisable, September 30, 2013
62,500

 
 

 
$
0.50

 
 
 
$
—

Vested and expected to vest, September 30, 2013
575,000

 
 

 
$
0.29

 
 
 
$
120,000

 
Schedule of Restricted Stock Activity
Restricted stock activity for the Ilios awards, for the nine months ended September 30, 2013 was as follows: 
 
Number of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Unvested, December 31, 2012
510,000

 
$
0.26

Granted
—

 
—

Vested
—

 
—

Forfeited
(200,000
)
 
0.50

Unvested, September 30, 2013
310,000

 
$
0.10


 
Total stock-based compensation expense for the nine months ended September 30, 2013 and 2012 was $(8,105) due to forfeitures of unvested stock and $232,828, respectively. At September 30, 2013, the total compensation cost related to unvested restricted stock awards and stock option awards not yet recognized is $107,651. This amount will be recognized over a weighted average period of 2.72 years. No tax benefit was recognized related to the stock-based compensation recorded during the periods.