Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2015
Dec. 31, 2014
Statement of Financial Position [Abstract]      
Depreciation $ 43,454 $ 87,409  
Inventory Valuation Reserves 277,000 277,000 $ 300,000
Current assets:      
Cash and cash equivalents 1,609,719 1,609,719 1,186,033
Short-term investments, restricted 294,655 294,655 585,702
Accounts receivable, net 4,512,448 4,512,448 4,750,437
Unbilled revenue 1,592,913 1,592,913 696,912
Inventory, net 3,786,741 3,786,741 4,090,221
Due from related party 972,821 972,821 600,251
Deferred financing costs, current portion 50,201 50,201 50,201
Prepaid and other current assets 509,832 509,832 348,868
Total current assets 13,329,330 13,329,330 12,308,625
Property, plant and equipment, net 572,146 572,146 658,421
Intangible assets, net 1,054,966 1,054,966 1,011,300
Goodwill 40,870 40,870 40,870
Deferred financing costs, net of current portion 24,091 24,091 48,990
Other assets 58,425 58,425 53,325
TOTAL ASSETS 15,079,828 15,079,828 14,121,531
Current liabilities:      
Accounts payable 3,332,255 3,332,255 2,416,313
Accrued expenses 1,339,600 1,339,600 1,008,153
Deferred revenue 776,064 776,064 1,666,576
Total current liabilities 5,447,919 5,447,919 5,091,042
Long-term liabilities:      
Deferred revenue, net of current portion 384,906 384,906 207,153
Senior convertible promissory note, related party 3,000,000 3,000,000 3,000,000
Total liabilities $ 8,832,825 $ 8,832,825 $ 8,298,195
Commitments and contingencies      
Tecogen Inc. shareholders’ equity:      
Common stock, $0.001 par value; 100,000,000 shares authorized; 16,338,782 and 15,905,881 issued and outstanding at June 30, 2015 and December 31, 2014, respectively $ 16,339 $ 16,339 $ 15,906
Additional paid-in capital 26,494,188 26,494,188 25,088,213
Accumulated deficit (19,935,328) (19,935,328) (18,955,023)
Total Tecogen Inc. stockholders’ equity 6,575,199 6,575,199 6,149,096
Noncontrolling interest (328,196) (328,196) (325,760)
Total stockholders’ equity 6,247,003 6,247,003 5,823,336
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 15,079,828 $ 15,079,828 $ 14,121,531