Tecogen inc. (TGEN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Dec'11
Inventory Valuation Reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275

277

-

-

-

-

-

-

-

-

-

-

-

ASSETS
Current assets:
Cash and cash equivalents

921

877

780

1,087

2,610

272

136

1,015

1,202

1,673

2,077

3,317

2,148

3,721

3,502

4,069

4,253

5,486

3,970

1,609

1,983

1,186

2,446

3,377

1,946

7,713

492

269

680

1,572

3,018

Certificate Of Deposits, Fair Value Disclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

586

-

585

584

-

-

-

-

-

-

-

Short-term investments, restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

294

294

294

294

-

585

-

-

583

0

0

0

182

181

683

Accounts receivable, net

12,106

14,569

13,049

11,628

11,676

14,176

11,548

11,440

11,790

9,536

11,094

8,868

9,102

8,630

7,957

6,241

5,888

5,286

4,331

4,512

5,410

4,750

4,519

4,418

4,249

3,740

2,301

1,901

3,015

2,700

1,399

Unbilled revenue

5,025

5,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

-

-

5,058

5,829

5,190

4,893

4,441

4,540

4,745

3,963

3,063

3,239

2,347

2,269

2,096

1,214

859

1,072

1,801

1,592

850

696

125

352

718

646

140

107

354

0

-

Inventory, net

7,471

6,405

7,058

6,990

6,667

6,294

5,983

5,533

5,096

5,130

6,118

6,099

6,075

4,774

5,058

4,940

5,301

5,683

4,699

3,786

3,756

4,090

4,907

3,887

3,473

3,343

4,335

3,730

3,405

3,356

2,568

Due from related party

-

-

0

0

0

9

0

0

0

585

496

378

336

260

432

391

594

1,177

949

972

272

600

125

148

306

0

0

0

0

55

299

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

50

50

50

50

0

0

134

140

-

-

-

0

-

Prepaid and other current assets

554

635

644

640

618

722

815

855

870

771

742

823

601

401

453

487

354

353

354

509

402

348

338

453

475

340

530

617

310

402

112

Total current assets

26,080

27,909

26,592

26,177

26,763

26,368

22,925

23,385

23,704

21,660

23,592

22,727

20,611

20,058

19,500

17,343

17,547

19,402

16,451

13,329

13,311

12,308

13,046

13,222

11,888

15,925

7,799

6,627

7,949

8,270

8,082

Property, plant and equipment, net

3,343

3,465

3,603

3,763

3,924

11,273

11,107

11,361

12,048

12,265

15,502

15,725

548

517

548

560

549

543

565

572

627

658

631

653

634

638

644

649

702

435

385

Right of use assets

2,042

2,173

2,294

2,421

2,546

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Finance Costs, Noncurrent, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

24

36

48

111

121

-

0

-

-

-

-

-

Intangible assets, net

1,432

1,593

1,572

1,554

1,573

2,893

2,935

2,951

2,948

2,896

2,430

2,098

1,094

1,065

1,042

1,046

1,048

1,044

1,046

1,054

1,035

1,011

1,019

1,026

969

953

904

784

685

372

241

Excess of cost over fair value of net assets acquired

-

-

-

-

-

-

-

-

-

-

12,602

12,570

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

5,281

5,281

5,281

5,281

5,281

8,975

13,365

13,365

13,365

13,365

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

-

0

-

Investment in Ultra Emissions Technologies Limited

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

274

691

609

557

314

393

427

408

462

482

2,462

2,423

2,128

2,058

58

58

58

58

58

58

53

53

53

49

40

72

72

40

39

39

35

TOTAL ASSETS

38,455

41,116

39,954

39,756

40,405

49,904

50,761

51,472

52,530

50,671

56,631

55,586

24,423

23,741

23,190

19,050

19,244

21,090

18,173

15,079

15,105

14,121

14,903

15,114

13,573

17,630

9,462

8,141

9,376

9,117

8,745

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of convertible debentures, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90

90

90

90

0

Revolving line of credit, bank

1,456

2,402

940

0

0

2,009

1,708

2,557

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,950

-

-

-

1,337

-

Accounts payable

5,534

5,271

6,487

6,234

5,914

7,153

5,716

4,961

6,835

5,095

5,356

4,501

4,011

3,367

3,032

2,618

2,377

3,311

2,841

3,332

3,097

2,416

3,085

2,453

1,864

2,338

2,897

1,667

1,461

1,151

812

Accrued expenses

2,302

2,599

2,015

2,061

2,222

1,528

2,196

1,946

1,705

1,416

1,676

1,899

1,153

1,378

1,189

1,036

1,079

1,066

1,138

1,339

1,278

1,008

990

1,255

1,407

1,139

1,091

1,014

1,006

807

727

Deferred revenue

2,331

2,635

1,596

1,832

1,874

2,507

1,718

1,804

1,509

1,293

1,477

1,183

907

876

1,014

808

984

996

556

776

743

1,666

1,949

1,003

1,008

613

909

607

561

677

509

Lease obligations, current

531

536

530

520

555

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes Payable, Related Parties, Current

-

-

-

-

-

-

0

0

850

850

850

850

-

0

-

-

-

-

-

-

-

-

0

0

3,000

3,000

2,537

1,337

1,337

0

1,037

Due to Related Parties, Current

-

-

-

-

-

-

-

-

-

52

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

119

396

535

760

0

-

Interest payable, related party

-

-

-

-

-

-

0

0

64

-

39

26

-

-

-

-

-

-

-

-

-

-

0

0

0

198

198

167

146

126

61

Total current liabilities

12,158

13,445

11,570

10,649

10,567

13,198

11,340

11,270

10,965

8,708

9,399

8,461

6,073

5,622

5,236

4,463

4,441

5,375

4,536

5,447

5,119

5,091

6,025

4,712

7,279

10,359

8,122

5,421

5,365

4,191

3,147

Long-term liabilities:
Deferred revenue, net of current portion

179

145

157

96

295

2,375

343

319

303

538

386

449

489

459

439

296

322

273

415

384

365

207

184

264

262

204

182

139

148

142

183

Lease obligations, long-term

1,510

1,637

1,764

1,900

1,990

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior convertible promissory note, related party

-

-

-

-

-

-

-

-

-

-

3,149

3,148

3,148

3,148

3,136

3,124

2,963

3,000

3,000

3,000

3,000

3,000

3,000

3,000

-

0

-

-

-

-

190

Unfavorable contract liability, net

2,424

2,534

2,644

2,754

2,870

6,292

6,534

6,782

7,464

7,729

10,358

10,304

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

16,272

17,763

16,136

15,401

15,723

21,866

18,217

18,372

18,733

16,975

23,293

22,364

9,711

9,230

8,813

7,884

7,727

8,648

7,952

8,832

8,484

8,298

9,209

7,977

7,542

10,564

8,304

5,561

5,514

4,334

3,522

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable Common stock, $0.001 par value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Stockholders’ equity:
Tecogen Inc. shareholders’ equity:
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,850,261 and 24,849,261 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

24

24

24

24

24

24

24

24

24

24

24

24

20

19

19

19

18

18

17

16

16

15

15

15

15

15

54

54

54

13

53

Additional paid-in capital

56,665

56,622

56,573

56,525

56,477

56,427

56,371

56,317

56,264

56,176

56,081

56,027

37,490

37,334

37,205

34,203

34,522

34,501

31,455

26,494

26,536

25,088

24,927

24,891

22,508

22,463

16,327

16,297

16,373

16,360

15,486

Accumulated other comprehensive loss-investment securities

-

-

-

-

-

-

0

0

0

-165

-184

-224

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

345

Accumulated deficit

-34,581

-33,379

-32,893

-32,307

-31,950

-28,670

-24,298

-23,695

-22,940

-22,796

-23,065

-23,092

-22,798

-22,843

-22,848

-23,056

-22,575

-21,682

-20,884

-19,935

-19,572

-18,955

-18,924

-17,476

-16,229

-15,209

-15,098

-13,710

-12,620

-11,759

-10,122

Total Tecogen Inc. stockholders’ equity

22,108

23,268

23,705

24,243

24,552

27,782

32,098

32,646

33,348

33,239

32,855

32,734

14,711

14,511

14,377

11,166

11,965

12,837

10,589

6,575

6,980

6,149

6,018

7,430

6,293

7,269

1,283

2,641

3,807

4,614

5,073

Noncontrolling interest

73

85

112

111

129

255

445

452

448

455

483

486

-

0

0

0

-448

-395

-368

-328

-360

-325

-325

-293

-262

-204

-124

-60

54

168

150

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

22,182

23,353

23,817

24,354

24,681

28,037

32,543

33,099

33,797

33,695

33,338

33,221

-

14,511

14,377

11,166

11,516

12,441

10,220

6,247

6,620

5,823

5,693

7,137

6,031

7,065

1,158

2,580

3,862

4,783

5,223

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

38,455

41,116

39,954

39,756

40,405

49,904

50,761

51,472

52,530

50,671

56,631

55,586

24,423

23,741

23,190

19,050

19,244

21,090

18,173

15,079

15,105

14,121

14,903

15,114

13,573

17,630

9,462

8,141

9,376

9,117

8,745