v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues $ 7,112,530 $ 6,618,110 $ 19,241,106 $ 20,471,026
Total cost of sales 4,186,509 3,724,776 11,388,750 11,783,455
Gross profit 2,926,021 2,893,334 7,852,356 8,687,571
Operating expenses        
General and administrative 2,708,817 2,343,449 8,418,581 7,642,183
Selling 425,465 567,529 1,426,321 1,572,221
Research and development 160,033 202,138 625,691 537,126
Gain on disposition of assets 0 (5,486) (19,950) (41,931)
Gain on termination of unfavorable contract liability     0 (71,375)
Total operating expenses 3,294,315 3,107,630 10,450,643 9,638,224
Loss from operations (368,294) (214,296) (2,598,287) (950,653)
Other income (expense)        
Interest income and other income (expense), net (16,330) (7,140) (36,562) (22,556)
Interest expense (6,357) (2,280) (8,629) (15,841)
Unrealized gain (loss) on investment securities (56,246) 0 (18,749) 37,497
Total other income (expense), net (78,933) (9,420) (63,940) (900)
Loss before provision for state income taxes (447,227) (223,716) (2,662,227) (951,553)
Provision for state income taxes 0 5,922 32,252 16,352
Consolidated net loss (447,227) (229,638) (2,694,479) (967,905)
Income attributable to the non-controlling interest (34,346) (27,074) (57,232) (55,616)
Net loss attributable to Tecogen Inc. $ (481,573) $ (256,712) $ (2,751,711) $ (1,023,521)
Earnings Per Share [Abstract]        
Net income (loss) per share - basic (in USD per share) $ (0.02) $ (0.01) $ (0.11) $ (0.04)
Net income (loss) per share - diluted (in usd per share) $ (0.02) $ (0.01) $ (0.11) $ (0.04)
Weighted average shares outstanding - basic 24,850,261 24,850,261 24,850,261 24,850,261
Weighted average shares outstanding - diluted 24,850,261 24,850,261 24,850,261 24,850,261
Products        
Total revenues $ 2,938,789 $ 3,206,732 $ 7,094,556 $ 10,156,328
Total cost of sales 1,669,747 2,074,243 4,500,771 6,734,465
Services        
Total revenues 3,842,600 3,078,604 10,931,744 9,046,075
Total cost of sales 2,346,384 1,482,355 6,159,855 4,322,693
Energy production        
Total revenues 331,141 332,774 1,214,806 1,268,623
Total cost of sales $ 170,378 $ 168,178 $ 728,124 $ 726,297

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