v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 3,185,478 $ 1,490,219
Accounts receivable, net 7,777,064 8,671,163
Unbilled revenue 3,899,499 4,267,249
Employee retention credit 713,268 0
Inventories, net 6,811,525 7,168,596
Prepaid and other current assets 839,732 597,144
Total current assets 23,226,566 22,194,371
Property, plant and equipment, net 2,025,334 2,283,846
Right of use assets 2,168,100 1,632,574
Intangible assets, net 1,244,373 1,360,319
Goodwill 2,406,156 2,406,156
Other assets 248,713 196,387
TOTAL ASSETS 31,319,242 30,073,653
Current liabilities:    
Note payable 0 837,861
Accounts payable 2,597,737 4,183,105
Accrued expenses 2,138,931 1,993,471
Deferred revenue 1,119,943 1,294,157
Lease obligations, current 617,540 506,514
Total current liabilities 6,474,151 8,815,108
Long-term liabilities:    
Note payable, net of current portion 1,874,269 1,036,339
Deferred revenue, net of current portion 244,425 115,329
Lease obligations, net of current portion 1,642,801 1,222,492
Deferred payroll tax liability, net of current portion 131,224 0
Unfavorable contract liability 1,438,278 1,617,051
Total liabilities 11,805,148 12,806,319
Commitments and contingencies (Note 12)
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,850,261 and 24,850,261 issued and outstanding at June 30,2021 and December 31, 2020, respectively 24,850 24,850
Additional paid-in capital 56,908,194 56,814,428
Accumulated deficit (37,363,283) (39,529,621)
Total Tecogen Inc. stockholders’ equity 19,569,761 17,309,657
Non-controlling interest (55,667) (42,323)
Total stockholders’ equity 19,514,094 17,267,334
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 31,319,242 $ 30,073,653
Common stock, shares outstanding 24,850,261 24,850,261
Common stock, shares issued 24,850,261 24,850,261

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