Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,377,897 $ 7,713,899
Certificate Of Deposits, Fair Value Disclosure 584,375  
Short-term investments, restricted   0
Accounts receivable, net 4,418,165 3,740,885
Unbilled revenue 352,161 646,398
Inventory, net 3,887,277 3,343,793
Due from related party 148,830 0
Deferred Finance Costs, Current, Net 0 140,433
Prepaid and other current assets 453,738 340,013
Total current assets 13,222,443 15,925,421
Property, plant and equipment, net 653,565 638,026
Intangible assets, net 1,026,199 953,327
Goodwill 40,870 40,870
Deferred Finance Costs, Noncurrent, Net 121,970 0
Other assets 49,355 72,425
TOTAL ASSETS 15,114,402 17,630,069
Current liabilities:    
Demand notes payable and line of credit, related party 0 3,000,000
Notes Payable and Line of Credit, Related Parties, Current 0 2,950,000
Accounts payable 2,453,029 2,338,046
Accrued expenses 1,255,978 1,139,554
Deferred revenue 1,003,673 613,915
Due to related party 0 119,667
Interest payable, related party 0 198,450
Total current liabilities 4,712,680 10,359,632
Long-term liabilities:    
Deferred revenue, net of current portion 264,503 204,544
Senior convertible promissory note, related party 3,000,000 0
Total liabilities 7,977,183 10,564,176
Commitments and contingencies (Note 5)      
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 15,809,306 and 15,155,200 issued and outstanding at June 30, 2014 and December 31, 2013, respectively 15,809 15,155
Additional paid-in capital 24,891,504 22,463,996
Accumulated deficit (17,476,964) (15,209,212)
Total Tecogen Inc. stockholders’ equity 7,430,349 7,269,939
Noncontrolling interest (293,130) (204,046)
Total stockholders’ equity 7,137,219 7,065,893
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 15,114,402 $ 17,630,069