Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v2.4.0.8
Stock-based compensation (Tables)
 6 Months Ended
Jun. 30, 2014
Tecogen
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
Stock option activity for the six months ended June 30, 2014 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, 2013
1,148,000

 
 $1.20-$4.50

 
$
2.13

 
5.80 years

 
$
2,721,100

Granted
93,325

 
4.50

 
4.50

 
—

 
—

Exercised
(5,000
)
 
1.20

 
1.20

 
—

 
—

Canceled and forfeited
(3,200
)
 
 $1.20-$4.50

 
1.92

 
—

 
—

Expired
—

 
—

 
—

 
—

 
—

Outstanding, June 30, 2014
1,233,125

 
 $1.20-$4.50

 
$
2.31

 
5.67 years

 
$
6,999,956

Exercisable, June 30, 2014
926,125

 
 
 
$
1.92

 
 
 
$
5,623,189

Vested and expected to vest, June 30, 2014
1,233,125

 
 
 
$
2.31

 
 

 
$
6,999,956

Schedule of Restricted Stock Activity
Restricted stock activity for the six months ended June 30, 2014 as follows:
 
Number of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Unvested, December 31, 2013
361,570

 
$
1.31

Granted
—

 
—

Vested
—

 
—

Forfeited
—

 
—

Unvested, June 30, 2014
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 six months ended June 30, 2014 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, 2013
575,000

 
$0.10-$0.50

 
$
0.29

 
6.44 years
 
$
120,000

Granted
50,000

 
0.50

 
0.50

 
 
 
 
Exercised
—

 
—

 
—

 
 
 
 
Canceled and forfeited
—

 
—

 
—

 
 
 
 
Expired
—

 
—

 
—

 
 
 
 
Outstanding, June 30, 2014
625,000

 
$0.10-$0.50

 
$
0.31

 
6.25 years
 
$
120,000

Exercisable, June 30, 2014
181,250

 
 

 
$
0.50

 
 
 
$
—

Vested and expected to vest, June 30, 2014
625,000

 
 

 
$
0.31

 
 
 
$
120,000

Schedule of Restricted Stock Activity
Restricted stock activity for the Ilios awards, for the six months ended June 30, 2014 was as follows:
 
Number of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Unvested, December 31, 2013
310,000

 
$
0.10

Granted
—

 
—

Vested
—

 
—

Forfeited
—

 
—

Unvested, June 30, 2014
310,000

 
$
0.10


Consolidated stock-based compensation expense for the six months ended June 30, 2014 and 2013 was $72,587 and $(38,131), respectively. At June 30, 2014, the total compensation cost related to unvested restricted stock awards and stock option awards not yet recognized is $242,435. This amount will be recognized over a weighted average period of 1.24 years. No tax benefit was recognized related to the stock-based compensation recorded during the periods.