$TGEN
TECOGEN INC. Stock $tgen

$tgen Overview Financials Valuation SEC Filings Company Website

2014 Form 10-K Financial Statement

#000153743515000014 Filed on March 25, 2015

Income Statement

Concept	2014	2013 Q4	2013
Revenue	$19.34M	$6.110M	$15.85M
YoY Change	22.04%	9.89%	3.91%
Cost Of Revenue	$12.94M	$4.100M	$10.82M
YoY Change	19.63%	11.11%	15.24%
Gross Profit	$6.399M	$2.010M	$5.030M
YoY Change	27.21%	6.91%	-14.24%
Gross Profit Margin	33.08%	32.9%	31.74%
Selling, General & Admin	$10.10M	$1.130M	$8.700M
YoY Change	16.12%	-46.19%	10.57%
% of Gross Profit	157.87%	56.22%	172.96%
Research & Development	$1.041M	$1.090M	$1.087M
YoY Change	-4.19%		152.2%
% of Gross Profit	16.28%	54.23%	21.61%
Depreciation & Amortization	$278.9K	$70.00K	$256.5K
YoY Change	8.74%	40.0%	25.85%
% of Gross Profit	4.36%	3.48%	5.1%
Operating Expenses	$11.14M	$2.150M	$9.787M
YoY Change	13.86%	2.38%	17.92%
Operating Profit	-$3.703M	-$140.0K	-$3.670M
YoY Change	0.9%	-36.36%	83.17%
Interest Expense	$177.3K	-$50.00K	$141.1K
YoY Change	25.72%	400.0%	98.1%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$3.871M	-$190.0K	-$3.807M
YoY Change	1.67%	-17.39%	87.88%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$3.746M	-$110.0K	-$3.449M
YoY Change	8.59%	-15.38%	110.73%
Net Earnings / Revenue	-19.37%	-1.8%	-21.76%
Basic Earnings Per Share
Diluted Earnings Per Share	-$240.0K	-$0.01	-$0.26
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2014	2013 Q4	2013
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.772M	$7.710M	$7.710M
YoY Change	-77.02%	340.57%	340.57%
Cash & Equivalents	$1.186M	$7.714M	$7.710M
Short-Term Investments	$0.00	$0.00	$0.00
Other Short-Term Assets	$348.9K	$480.0K	$480.0K
YoY Change	-27.32%	20.0%	20.0%
Inventory	$4.090M	$3.344M	$3.340M
Prepaid Expenses
Receivables	$696.9K	$3.741M	$650.0K
Other Receivables	$5.351M	$3.740M	$3.740M
Total Short-Term Assets	$12.31M	$15.93M	$15.93M
YoY Change	-22.73%	92.56%	92.62%
LONG-TERM ASSETS
Property, Plant & Equipment	$658.4K	$638.0K	$640.0K
YoY Change	2.88%	46.47%	45.45%
Goodwill		$40.87K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$102.3K	$72.43K	$70.00K
YoY Change	46.17%	83.7%	75.0%
Total Long-Term Assets	$1.813M	$1.705M	$1.700M
YoY Change	6.64%	101.24%	100.0%
TOTAL ASSETS
Total Short-Term Assets	$12.31M	$15.93M	$15.93M
Total Long-Term Assets	$1.813M	$1.705M	$1.700M
Total Assets	$14.12M	$17.63M	$17.63M
YoY Change	-19.9%	93.37%	93.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.416M	$2.338M	$2.460M
YoY Change	-1.78%	103.13%	113.91%
Accrued Expenses	$1.008M	$1.140M	$1.340M
YoY Change	-24.76%	41.05%	44.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$5.950M	$5.950M
YoY Change	-100.0%	344.03%	344.03%
Long-Term Debt Due		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Short-Term Liabilities	$5.091M	$10.36M	$10.36M
YoY Change	-50.86%	147.16%	147.26%
LONG-TERM LIABILITIES
Long-Term Debt	$3.000M	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$207.2K	$200.0K	$200.0K
YoY Change	3.58%	42.86%	42.86%
Total Long-Term Liabilities	$3.207M	$200.0K	$200.0K
YoY Change	1503.58%	42.86%	42.86%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.091M	$10.36M	$10.36M
Total Long-Term Liabilities	$3.207M	$200.0K	$200.0K
Total Liabilities	$7.972M	$10.56M	$10.36M
YoY Change	-23.05%	143.74%	130.22%
SHAREHOLDERS EQUITY
Retained Earnings		-$15.21M
YoY Change		29.33%
Common Stock		$15.16K
YoY Change		11.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.149M	$7.270M	$7.270M
YoY Change
Total Liabilities & Shareholders Equity	$14.12M	$17.63M	$17.63M
YoY Change	-19.9%	93.37%	93.31%

Cashflow Statement

Concept	2014	2013 Q4	2013
OPERATING ACTIVITIES
Net Income	-$3.746M	-$110.0K	-$3.449M
YoY Change	8.59%	-15.38%	110.73%
Depreciation, Depletion And Amortization	$278.9K	$70.00K	$256.5K
YoY Change	8.74%	40.0%	25.85%
Cash From Operating Activities	-$5.127M	-$1.910M	-$3.384M
YoY Change	51.5%	-577.5%	7.33%
INVESTING ACTIVITIES
Capital Expenditures	$223.6K	-$110.0K	$202.7K
YoY Change	10.3%	0.0%	-7.74%
Acquisitions
YoY Change
Other Investing Activities	-$577.3K	$0.00	$180.0K
YoY Change	-420.73%		-64.71%
Cash From Investing Activities	-$942.8K	-$110.0K	-$916.4K
YoY Change	2.89%	-8.33%	-849.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$2.340M		$5.967M
YoY Change	-60.78%		777.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$458.2K	9.240M	$10.44M
YoY Change	-104.39%	1440.0%	558.91%
NET CHANGE
Cash From Operating Activities	-$5.127M	-1.910M	-$3.384M
Cash From Investing Activities	-$942.8K	-110.0K	-$916.4K
Cash From Financing Activities	-$458.2K	9.240M	$10.44M
Net Change In Cash	-$6.528M	7.220M	$6.141M
YoY Change	-206.3%	720.45%	-524.76%
FREE CASH FLOW
Cash From Operating Activities	-$5.127M	-$1.910M	-$3.384M
Capital Expenditures	$223.6K	-$110.0K	$202.7K
Free Cash Flow	-$5.350M	-$1.800M	-$3.587M
YoY Change	49.17%	-452.94%	6.35%

Facts In Submission

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CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	1319500	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	137096	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	137096	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1088315	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1230274	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	953327	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1011300	USD
CY2013	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
CY2014	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-1209	USD
CY2013	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5931144	USD
CY2014	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7264630	USD
CY2013Q4	us-gaap	Goodwill Goodwill	40870	USD
CY2014Q4	us-gaap	Goodwill Goodwill	40870	USD
CY2013	us-gaap	Gross Profit GrossProfit	5030128	USD
CY2014	us-gaap	Gross Profit GrossProfit	6399064	USD
CY2013	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3807211	USD
CY2013	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1187036	USD
CY2014	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	78267	USD
CY2013	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1091242	USD
CY2014	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1063352	USD
CY2013	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	331632	USD
CY2014	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-131401	USD
CY2013	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-646398	USD
CY2014	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-50514	USD
CY2013	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-2186	USD
CY2014	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	1055270	USD
CY2013	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-55837	USD
CY2014	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	600251	USD
CY2013	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	119667	USD
CY2014	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-119667	USD
CY2013	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-62229	USD
CY2014	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	746428	USD
CY2013	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	33000	USD
CY2014	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-19100	USD
CY2013	us-gaap	Interest And Other Income InterestAndOtherIncome	3958	USD
CY2014	us-gaap	Interest And Other Income InterestAndOtherIncome	9710	USD
CY2013	us-gaap	Interest Expense InterestExpense	141065	USD
CY2014	us-gaap	Interest Expense InterestExpense	177345	USD
CY2013	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-137107	USD
CY2014	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-167635	USD
CY2013	us-gaap	Interest Paid InterestPaid	55639	USD
CY2014	us-gaap	Interest Paid InterestPaid	324885	USD
CY2013	us-gaap	Net Income Loss NetIncomeLoss	-3449489	USD
CY2013Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	0	USD
CY2014Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	19185	USD
CY2013Q4	us-gaap	Inventory Net InventoryNet	3343793	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	4090221	USD
CY2013Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	3539732	USD
CY2014Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	4348786	USD
CY2013Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3239732	USD
CY2014Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	4048786	USD
CY2013Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	300000	USD
CY2014Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	300000	USD
CY2013Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	104061	USD
CY2014Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	22250	USD
CY2013Q4	us-gaap	Liabilities Liabilities	10564176	USD
CY2014Q4	us-gaap	Liabilities Liabilities	8298195	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17630069	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14121531	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	10359632	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	5091042	USD
CY2013Q4	us-gaap	Minority Interest MinorityInterest	-204046	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	-325760	USD
CY2013	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	10441522	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-458209	USD
CY2013	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-916389	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-942841	USD
CY2013	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3384019	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5126816	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	-3745812	USD
CY2013	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-357722	USD
CY2014	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-125140	USD
CY2014	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	2340194	USD
CY2013Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	3000000	USD
CY2014Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	0	USD
CY2014	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2013	us-gaap	Operating Income Loss OperatingIncomeLoss	-3670104	USD
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	-3703317	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	4860155	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	574108	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	506432	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	500272	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	519399	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	524159	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	2235785	USD
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	51033	USD
CY2013Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	72425	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	53325	USD
CY2013	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	140433	USD
CY2014	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	9668	USD
CY2013	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	397950	USD
CY2014	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	141959	USD
CY2013	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	202700	USD
CY2014	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	223574	USD
CY2013	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	0	USD
CY2014	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	584400	USD
CY2013Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	340013	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	348868	USD
CY2013	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	3000000	USD
CY2014	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	USD
CY2013	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	5966805	USD
CY2014	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2340194	USD
CY2013	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	1650000	USD
CY2014	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
CY2013	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2014	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	7092	USD
CY2013	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	182061	USD
CY2014	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	0	USD
CY2013	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	3000	USD
CY2014	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	161265	USD
CY2013	us-gaap	Profit Loss ProfitLoss	-3807211	USD
CY2014	us-gaap	Profit Loss ProfitLoss	-3870952	USD
CY2013Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1317879	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1531057	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	638026	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	658421	USD
CY2013	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	50600	USD
CY2014	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	53800	USD
CY2013	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	37500	USD
CY2014	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	2950000	USD
CY2013	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1086989	USD
CY2014	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1041483	USD
CY2013Q4	us-gaap	Restricted Investments Current RestrictedInvestmentsCurrent	0	USD
CY2014Q4	us-gaap	Restricted Investments Current RestrictedInvestmentsCurrent	585702	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-15209212	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-18955023	USD
CY2013	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	6346050	USD
CY2014	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	8625034	USD
CY2013	us-gaap	Sales Revenue Net SalesRevenueNet	15849869	USD
CY2014	us-gaap	Sales Revenue Net SalesRevenueNet	19342664	USD
CY2013	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	9503819	USD
CY2014	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	10717630	USD
CY2013	us-gaap	Selling Expense SellingExpense	1423587	USD
CY2014	us-gaap	Selling Expense SellingExpense	1796268	USD
CY2013	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8700232	USD
CY2014	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	10102381	USD
CY2013	us-gaap	Share Based Compensation ShareBasedCompensation	18367	USD
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	126936	USD
CY2012Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	90200	USD
CY2013Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	95000	USD
CY2014Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	147000	USD
CY2013	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	175041	USD
CY2014	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	155583	USD
CY2013	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	179841	USD
CY2014	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	207583	USD
CY2013	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	90967	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	7269939	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	6149096	USD
CY2012Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4783035	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7065893	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5823336	USD
CY2014	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	4
CY2013Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2014Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2013	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	13385155	shares
CY2014	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	15607897	shares
CY2014	us-gaap	Advertising Cost Policy Expensed Advertising Cost AdvertisingCostPolicyExpensedAdvertisingCost	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advertising Costs</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company expenses the costs of advertising as incurred. For the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;">, advertising expense was approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$281,330</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$242,200</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2014	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:48px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:normal;text-decoration:none;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments and accounts receivable. The Company maintains its cash balances in bank accounts, which at times may exceed the Federal Deposit Insurance Corporation’s (“FDIC”) general deposit insurance limits. The amount on deposit at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;"> which exceeded the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> federally insured limit was approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,272,500</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$7,410,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. The Company has not experienced any losses in such accounts and thus believes that it is not exposed to any significant credit risk on cash and cash equivalents.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There was </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> customer who represented more than 10% of revenues for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;">. The Company has </font><font style="font-family:inherit;font-size:10pt;">three hundred fifty-three</font><font style="font-family:inherit;font-size:10pt;"> customers who represented </font><font style="font-family:inherit;font-size:10pt;">all</font><font style="font-family:inherit;font-size:10pt;"> of the revenues for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;">. Included in trade accounts receivable are amounts from </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> customer who represents </font><font style="font-family:inherit;font-size:10pt;">13%</font><font style="font-family:inherit;font-size:10pt;"> of the accounts receivable balance as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and another customer who represented </font><font style="font-family:inherit;font-size:10pt;">22%</font><font style="font-family:inherit;font-size:10pt;"> of the accounts receivable balance as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">. </font></div></div>
CY2014	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;">Nature of business and operations</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tecogen Inc. (the “Company”) (a Delaware Corporation) was organized on November 15, 2000, and acquired the assets and liabilities of the Tecogen Products division of Thermo Power Corporation. The Company produces commercial and industrial, natural-gas-fueled engine-driven, combined heat and power (CHP) products that reduce energy costs, decrease greenhouse gas emissions and alleviate congestion on the national power grid. Tecogen’s products supply electric power or mechanical power for cooling, while heat from the engine is recovered and purposefully used at a facility. The majority of Company’s customers are located in regions with the highest utility rates, typically California, the Midwest and the Northeast.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 4, 2009, the Company invested in a new corporation called Ilios Inc., or Ilios. The investment gave the Company a controlling financial interest in Ilios, whose business focus is advanced heating systems for commercial and industrial applications. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;"> the Company owns a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">65.0%</font><font style="font-family:inherit;font-size:10pt;"> interest in Ilios and has consolidated Ilios into its financial statements. With the inclusion of unvested restricted stock awards, the Company owns </font><font style="font-family:inherit;font-size:10pt;">63.7%</font><font style="font-family:inherit;font-size:10pt;"> of Ilios.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements include the accounts of the Company and its majority owned subsidiary Ilios.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s operations are comprised of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> business segment. Our business is to manufacture and support highly efficient CHP products based on engines fueled by natural gas.</font></div></div>
CY2014	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period balances have been reclassified to conform with current period presentation. As a result of a four-for-one reverse stock split which took place during 2013, a reclassification of </font><font style="font-family:inherit;font-size:10pt;">$40,836</font><font style="font-family:inherit;font-size:10pt;"> from common stock to additional paid in capital was retroactively applied to the balances as of December 31, 2012. Research and development expense was separated from the general and administrative expense starting in 2014, for comparison purposes the expense was reclassed for the year ended December 31, 2013.</font></div></div>
CY2014	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:48px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:normal;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001537435-15-000014-index-headers.html	Edgar Link	pending
0001537435-15-000014-index.html	Edgar Link	pending
0001537435-15-000014.txt	Edgar Link	pending
0001537435-15-000014-xbrl.zip	Edgar Link	pending
figure1.jpg	Edgar Link	pending
figure2.jpg	Edgar Link	pending
figure3.jpg	Edgar Link	pending
figure4.jpg	Edgar Link	pending
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$TGEN
TECOGEN INC. Stock $tgen

2014 Form 10-K Financial Statement

#000153743515000014 Filed on March 25, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TGEN TECOGEN INC. Stock $tgen

2014 Form 10-K Financial Statement

#000153743515000014 Filed on March 25, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TGEN
TECOGEN INC. Stock $tgen