v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,317,928 $ 3,721,765
Accounts receivable, net 8,868,157 8,630,418
Unbilled revenue 3,239,588 2,269,645
Inventory, net 6,099,770 4,774,264
Due from related party 378,296 260,988
Prepaid and other current assets 823,629 401,876
Total current assets 22,727,368 20,058,956
Property, plant and equipment, net 15,725,008 517,143
Intangible assets, net 2,098,484 1,065,967
Excess of cost over fair value of net assets acquired 12,570,809 0
Goodwill 40,870 40,870
Other assets 2,423,510 2,058,425
TOTAL ASSETS 55,586,049 23,741,361
Current liabilities:    
Accounts payable 4,501,662 3,367,481
Accrued expenses 1,899,769 1,378,258
Deferred revenue 1,183,350 876,765
Loan due to related party 850,000 0
Interest payable, related party 26,548 0
Total current liabilities 8,461,329 5,622,504
Long-term liabilities:    
Deferred revenue, net of current portion 449,741 459,275
Senior convertible promissory note, related party 3,148,898 3,148,509
Unfavorable contract liability 10,304,451 0
Total liabilities 22,364,419 9,230,288
Commitments and contingencies
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,711,989 and 19,981,912 issued and outstanding at June 30, 2017 and December 31, 2016, respectively 24,712 19,982
Additional paid-in capital 56,027,038 37,334,773
Accumulated other comprehensive loss-investment securities (224,359) 0
Accumulated deficit (23,092,431) (22,843,682)
Total Tecogen Inc. stockholders’ equity 32,734,960 14,511,073
Noncontrolling interest 486,670 0
Total stockholders’ equity 33,221,630 14,511,073
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 55,586,049 $ 23,741,361

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