v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Products $ 2,850,901 $ 1,860,860 $ 7,525,909 $ 8,744,306
Services 3,765,554 2,815,182 9,853,369 8,419,001
Total revenues 6,616,455 4,676,042 17,379,278 17,163,307
Cost of sales        
Products 1,715,462 1,262,480 5,035,230 6,040,533
Services 2,126,175 1,744,631 5,746,992 5,087,978
Total cost of sales 3,841,637 3,007,111 10,782,222 11,128,511
Gross profit 2,774,818 1,668,931 6,597,056 6,034,796
Operating expenses        
General and administrative 2,003,838 1,864,529 5,898,230 5,942,161
Selling 367,412 521,924 1,217,533 1,339,982
Research and development 154,075 206,223 524,696 610,703
Total operating expenses 2,525,325 2,592,676 7,640,459 7,892,846
Income (loss) from operations 249,493 (923,745) (1,043,403) (1,858,050)
Other income (expense)        
Interest and other income 3,914 2,157 9,575 11,945
Interest expense (45,539) (68,216) (131,973) (128,626)
Total other expense, net (41,625) (66,059) (122,398) (116,681)
Income (loss) before income taxes 207,868 (989,804) (1,165,801) (1,974,731)
Consolidated net income (loss) 207,868 (989,804) (1,165,801) (1,974,731)
Less: Loss attributable to the noncontrolling interest 0 40,962 64,962 45,587
Net income (loss) attributable to Tecogen Inc. $ 207,868 $ (948,842) $ (1,100,839) $ (1,929,144)
Net income (loss) per share - basic (in USD per share) $ 0.01 $ (0.06) $ (0.06) $ (0.12)
Net income (loss) per share - diluted (in USD per share) $ 0.01 $ (0.06) $ (0.06) $ (0.12)
Weighted average shares outstanding - basic (shares) 19,640,812 17,153,999 19,071,497 16,575,879
Weighted average shares outstanding - diluted (shares) 20,229,120 17,153,999 19,071,497 16,575,879

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