Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to Tecogen Inc. $ (2,358,596) $ (2,163,846)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 171,967 124,847
Change in provision for allowance on accounts receivable 18,000 (34,700)
Stock-based compensation 72,587 (38,179)
Changes in operating assets and liabilities    
Accounts receivable (695,280) 833,687
Unbilled revenue 294,237 (107,545)
Inventory, net (543,483) (356,646)
Due from related party (148,830) 55,837
Prepaid expenses and other current assets (113,725) (215,032)
Increase (Decrease) in Other Operating Assets 23,070 (1,000)
Increase (decrease) in:    
Accounts payable 114,983 516,577
Accrued expenses 116,424 206,573
Due to related party 449,717 (73,559)
Deferred revenue (119,667) 535,729
Interest payable, related party (198,450) 41,604
Net cash used in operating activities (2,917,046) (675,653)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (120,773) (114,767)
Purchases of intangible assets (113,699) (196,257)
Cash paid for asset acquisition 0 497,800
Purchases of short-term investments, restricted (584,375) (202)
Maturities of short-term investments, restricted 0 182,061
Net cash used in investing activities (818,847) (626,965)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for debt issuance costs (7,444) 0
Payments made on demand notes payable and line of credit to related party 2,950,000 0
Proceeds from the exercise of stock options 2,351,335 0
Purchase of unvested restricted stock 6,000 0
Purchase of unvested restricted stock 0 350
Net cash used in financing activities (600,109) (350)
Net decrease in cash and cash equivalents (4,336,002) (1,302,968)
Cash and cash equivalents, beginning of the period 7,713,899 1,572,785
Cash and cash equivalents, end of the period 3,377,897 269,817
Non-cash investing and financing activities:    
Interest paid $ 263,553 $ 3,836