Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 7,713,899 $ 1,572,785
Short-term investments, restricted 0 181,859
Accounts receivable, net 3,740,885 2,700,243
Unbilled revenue 646,398 0
Inventory, net 3,343,793 3,356,622
Due from related party 0 55,837
Deferred financing costs 140,433 0
Prepaid and other current assets 340,013 402,846
Total current assets 15,925,421 8,270,192
Property, plant and equipment, net 638,026 435,612
Intangible assets, net 953,327 372,020
Goodwill 40,870 0
Other assets 72,425 39,425
TOTAL ASSETS 17,630,069 9,117,249
Current liabilities:    
Demand notes payable and line of credit, related party 2,950,000 1,337,500
Senior convertible promissory note, related party 3,000,000 0
Current portion of convertible debentures, related party 0 90,967
Accounts payable 2,338,046 1,151,010
Accrued expenses 1,139,554 807,922
Deferred revenue 613,915 677,919
Due to related party 119,667 0
Interest payable, related party 198,450 126,170
Total current liabilities 10,359,632 4,191,488
Long-term liabilities:    
Deferred revenue, net of current portion 204,544 142,726
Total liabilities 10,564,176 4,334,214
Commitments and contingencies (Note 8)      
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 15,155,200 and 13,611,974 issued and outstanding at December 31, 2013 and 2012, respectively 15,155 13,612
Additional paid-in capital 22,463,996 16,360,821
Accumulated deficit (15,209,212) (11,759,723)
Total Tecogen Inc. stockholders’ equity 7,269,939 4,614,710
Noncontrolling interest (204,046) 168,325
Total stockholders’ equity 7,065,893 4,783,035
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 17,630,069 $ 9,117,249