v3.24.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total revenues $ 25,139,419 $ 25,002,614
Total cost of sales 14,937,801 13,935,803
Gross profit 10,201,618 11,066,811
Operating expenses    
General and administrative 11,880,389 10,909,251
Selling 1,931,037 1,811,085
Research and development 840,011 732,873
Gain on sale of assets (36,207) (41,931)
Impairment of long-lived assets 0 4,674
Goodwill, Impairment Loss 0 0
Operating Expenses 14,615,230 13,415,952
Loss from operations (4,413,612) (2,349,141)
Other income (expense)    
Interest and other income (expense) (61,003) (34,713)
Interest expense (16,050) (16,255)
Unrealized gain on marketable securities 0 18,749
Total other expense, net (77,053) (32,219)
Loss before income taxes (4,490,665) (2,381,360)
State income tax provision 32,491 16,352
Consolidated net loss (4,523,156) (2,397,712)
Income attributable to the noncontrolling interest (74,952) (50,215)
Net loss attributable to Tecogen Inc. $ (4,598,108) $ (2,447,927)
Net income (loss) per share - basic (in USD per share) $ (0.19) $ (0.10)
Weighted average shares outstanding - basic (in shares) 24,850,261 24,850,261
Net income (loss) per share - diluted (in USD per share) $ (0.19) $ (0.10)
Weighted average shares outstanding - diluted (in shares) 24,850,261 24,850,261
Products    
Total revenues $ 8,859,946 $ 11,156,099
Total cost of sales 5,923,096 7,413,320
Services    
Total revenues 14,523,054 12,060,661
Total cost of sales 7,909,202 5,525,493
Energy production    
Total revenues 1,756,419 1,785,854
Total cost of sales $ 1,105,503 $ 996,990

Source