Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 492,734 $ 1,572,785
Short-term investments-restricted 0 181,859
Accounts receivable, net 2,301,012 2,700,243
Unbilled revenue 140,081 0
Inventory, net 4,335,207 3,356,622
Due from related party 0 55,837
Prepaid and other current assets 530,519 402,846
Total current assets 7,799,553 8,270,192
Property, plant and equipment, net 644,983 435,612
Intangible assets, net 904,605 372,020
Goodwill 40,870 0
Other assets 72,425 39,425
TOTAL ASSETS 9,462,436 9,117,249
Current liabilities:    
Demand notes payable, related party 2,537,500 1,337,500
Current portion of convertible debentures, related party 90,967 90,967
Accounts payable 2,897,641 1,151,010
Accrued expenses 1,091,277 807,922
Deferred revenue 909,575 677,919
Due to related party 396,328 0
Interest payable, related party 198,723 126,170
Total current liabilities 8,122,011 4,191,488
Long-term liabilities:    
Deferred revenue, net of current portion 182,024 142,726
Total liabilities 8,304,035 4,334,214
Commitments and contingencies (Note 5)      
Redeemable Common stock, $0.001 par value 0 0
Tecogen Inc. shareholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 13,574,474 and 13,611,974 issued and outstanding at September 30, 2013 and December 31, 2012, respectively 54,298 54,448
Additional paid-in capital 16,327,096 16,319,985
Accumulated deficit (15,098,275) (11,759,723)
Total Tecogen Inc. stockholders’ equity 1,283,119 4,614,710
Noncontrolling interest (124,718) 168,325
Total stockholders’ equity 1,158,401 4,783,035
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,462,436 $ 9,117,249