Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues    
Products $ 12,624,867 $ 12,991,283
Services 16,859,291 16,377,443
Energy production 6,399,526 3,833,940
Total revenues 35,883,684 33,202,666
Cost of sales    
Products 7,797,591 8,012,012
Services 10,693,077 10,201,732
Energy production 3,801,154 2,034,518
Total cost of sales 22,291,822 20,248,262
Gross profit 13,591,862 12,954,404
Operating expenses    
General and administrative 10,790,841 9,520,497
Selling 2,651,128 2,271,826
Research and development 1,297,612 936,929
Goodwill impairment 4,390,590 0
Total operating expenses 19,130,171 12,729,252
Income (loss) from operations (5,538,309) 225,152
Other income (expense)    
Interest and other income 8,030 27,626
Interest expense (120,015) (155,082)
Unrealized loss on investment securities (118,084) 0
Total other expense, net (230,069) (127,456)
Income (loss) before income taxes (5,768,378) 97,696
State income tax provision 32,748 0
Consolidated net income (loss) (5,801,126) 97,696
(Income) loss attributable to the noncontrolling interest 92,594 (50,260)
Net income (loss) attributable to Tecogen Inc. (5,708,532) 47,436
Other comprehensive loss-unrealized loss on securities (165,317)
Comprehensive loss $ (117,881)
Net income (loss) per share - basic (in USD per share) $ (0.23) $ 0.00
Net income (loss) per share - diluted (in USD per share) $ (0.23) $ 0.00
Weighted average shares outstanding - basic (shares) 24,815,926 23,171,033
Weighted average shares outstanding - diluted (shares) 24,815,926 23,342,627