v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,202,334 $ 1,673,072
Accounts receivable, net 11,790,537 9,536,673
Unbilled revenue 4,745,320 3,963,133
Inventory, net 5,096,023 5,130,805
Due from related party 0 585,492
Prepaid and other current assets 870,680 771,526
Total current assets 23,704,894 21,660,701
Property, plant and equipment, net 12,048,483 12,265,711
Intangible assets, net 2,948,359 2,896,458
Goodwill 13,365,655 13,365,655
Other assets 462,870 482,551
TOTAL ASSETS 52,530,261 50,671,076
Current liabilities:    
Accounts payable 6,835,299 5,095,285
Accrued expenses 1,705,890 1,416,976
Deferred revenue 1,509,224 1,293,638
Loan due to related party 850,000 850,000
Interest payable, related party 64,840 52,265
Total current liabilities 10,965,253 8,708,164
Long-term liabilities:    
Deferred revenue, net of current portion 303,002 538,100
Unfavorable contract liability, net 7,464,950 7,729,667
Total liabilities 18,733,205 16,975,931
Commitments and contingencies
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,807,096 and 24,766,892 issued and outstanding at March 31, 2018 and December 31, 2017, respectively 24,807 24,767
Additional paid-in capital 56,264,398 56,176,330
Accumulated other comprehensive loss-investment securities 0 (165,317)
Accumulated deficit (22,940,803) (22,796,246)
Total Tecogen Inc. stockholders’ equity 33,348,402 33,239,534
Noncontrolling interest 448,654 455,611
Total stockholders’ equity 33,797,056 33,695,145
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 52,530,261 $ 50,671,076

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