v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,087,970 $ 272,552
Accounts receivable, net 11,628,702 14,176,452
Unbilled revenue 5,829,365 4,893,259
Inventory, net 6,990,697 6,294,862
Due from related party 0 9,405
Prepaid and other current assets 640,516 722,042
Total current assets 26,177,250 26,368,572
Property, plant and equipment, net 3,763,500 11,273,115
Right of use assets 2,421,581 0
Intangible assets, net 1,554,634 2,893,990
Goodwill 5,281,867 8,975,065
Other assets 557,544 393,651
TOTAL ASSETS 39,756,376 49,904,393
Current liabilities:    
Revolving line of credit, bank 0 2,009,435
Accounts payable 6,234,846 7,153,330
Accrued expenses 2,061,601 1,528,014
Deferred revenue 1,832,493 2,507,541
Lease obligations, current 520,667 0
Total current liabilities 10,649,607 13,198,320
Long-term liabilities:    
Deferred revenue, net of current portion 96,937 2,375,700
Lease obligations, long-term 1,900,914 0
Unfavorable contract liability, net 2,754,497 6,292,599
Total liabilities 15,401,955 21,866,619
Commitments and contingencies (Note 11)
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,840,806 and 24,824,746 issued and outstanding at June 30, 2019 and December 31, 2018, respectively 24,841 24,825
Additional paid-in capital 56,525,590 56,427,928
Accumulated deficit (32,307,301) (28,670,095)
Total Tecogen Inc. stockholders’ equity 24,243,130 27,782,658
Noncontrolling interest 111,291 255,116
Total stockholders’ equity 24,354,421 28,037,774
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 39,756,376 $ 49,904,393

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