Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Total revenues $ 33,426,448 $ 35,883,684
Total cost of sales 20,947,696 22,291,822
Gross profit 12,478,752 13,591,862
Operating expenses    
General and administrative 10,380,143 10,790,841
Selling 2,685,200 2,651,128
Research and development 1,460,096 1,297,612
Gain on sale of assets (1,081,304) 22,088
Goodwill impairment 3,693,198 4,390,590
Total operating expenses 17,137,333 19,130,171
Loss from operations (4,658,581) (5,538,309)
Other income (expense)    
Interest and other income 933 8,030
Interest expense (101,851) (120,015)
Unrealized loss on investment securities (19,680) (118,084)
Total other expense, net (120,598) (230,069)
Loss before income taxes (4,779,179) (5,768,378)
State income tax provision 15,194 32,748
Consolidated net loss (4,794,373) (5,801,126)
Loss attributable to the noncontrolling interest 85,354 92,594
Net loss attributable to Tecogen Inc. $ (4,709,019) $ (5,708,532)
Net loss per share - basic and diluted $ (0.19) $ (0.23)
Weighted average shares outstanding - basic and diluted 24,839,957 24,815,926
Products    
Total revenues $ 12,977,896 $ 12,624,867
Total cost of sales 8,385,574 7,797,591
Services    
Total revenues 17,307,718 16,859,291
Total cost of sales 10,808,142 10,693,077
Energy production    
Total revenues 3,140,834 6,399,526
Total cost of sales $ 1,753,980 $ 3,801,154