v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 136,717 $ 1,673,072
Accounts receivable, net 11,548,663 9,536,673
Unbilled revenue 4,441,565 3,963,133
Inventory, net 5,983,067 5,130,805
Due from related party 0 585,492
Prepaid and other current assets 815,269 771,526
Total current assets 22,925,281 21,660,701
Property, plant and equipment, net 11,107,509 12,265,711
Intangible assets, net 2,935,279 2,896,458
Goodwill 13,365,655 13,365,655
Other assets 427,810 482,551
TOTAL ASSETS 50,761,534 50,671,076
Current liabilities:    
Revolving line of credit, bank 1,708,888 0
Accounts payable 5,716,426 5,095,285
Accrued expenses 2,196,921 1,416,976
Deferred revenue 1,718,376 1,293,638
Loan due to related party 0 850,000
Interest payable, related party 0 52,265
Total current liabilities 11,340,611 8,708,164
Long-term liabilities:    
Deferred revenue, net of current portion 343,031 538,100
Unfavorable contract liability, net 6,534,074 7,729,667
Total liabilities 18,217,716 16,975,931
Commitments and contingencies
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,819,646 and 24,766,892 issued and outstanding at September 30, 2018 and December 31, 2017, respectively 24,819 24,767
Additional paid-in capital 56,371,583 56,176,330
Accumulated other comprehensive loss-investment securities 0 (165,317)
Accumulated deficit (24,298,191) (22,796,246)
Total Tecogen Inc. stockholders’ equity 32,098,211 33,239,534
Noncontrolling interest 445,607 455,611
Total stockholders’ equity 32,543,818 33,695,145
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 50,761,534 $ 50,671,076

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