Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,946,891 $ 7,713,899
Short-term investments, restricted 583,720 0
Accounts receivable, net 4,249,889 3,740,885
Unbilled revenue 718,108 646,398
Inventory, net 3,473,257 3,343,793
Due from related party 306,305 0
Deferred Finance Costs, Current, Net 134,234 140,433
Prepaid and other current assets 475,888 340,013
Total current assets 11,888,292 15,925,421
Property, plant and equipment, net 634,560 638,026
Intangible assets, net 969,777 953,327
Goodwill 40,870 40,870
Other assets 40,425 72,425
TOTAL ASSETS 13,573,924 17,630,069
Current liabilities:    
Demand notes payable and line of credit, related party 3,000,000 3,000,000
Notes Payable and Line of Credit, Related Parties, Current 0 2,950,000
Accounts payable 1,864,044 2,338,046
Accrued expenses 1,407,452 1,139,554
Deferred revenue 1,008,248 613,915
Due to related party 0 119,667
Interest payable, related party 0 198,450
Total current liabilities 7,279,744 10,359,632
Long-term liabilities:    
Deferred revenue, net of current portion 262,701 204,544
Total liabilities 7,542,445 10,564,176
Commitments and contingencies (Note 5)      
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 15,161,600 and 15,155,200 issued and outstanding at March 31, 2014 and December 31, 2013, respectively 15,162 15,155
Additional paid-in capital 22,508,013 22,463,996
Accumulated deficit (16,229,257) (15,209,212)
Total Tecogen Inc. stockholders’ equity 6,293,918 7,269,939
Noncontrolling interest (262,439) (204,046)
Total stockholders’ equity 6,031,479 7,065,893
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,573,924 $ 17,630,069