Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenues $ 7,962,700 $ 8,176,631
Total cost of sales 5,170,533 5,217,872
Gross profit 2,792,167 2,958,759
Operating expenses    
General and administrative 2,689,461 2,655,411
Selling 855,788 693,253
Research and development 364,336 345,083
(Gain) loss on sale of assets 0 (1,081,049)
Goodwill impairment 0 3,693,198
Total operating expenses 3,909,585 6,305,896
Loss from operations (1,117,418) (3,347,137)
Other income (expense)    
Interest income 11,727 532
Interest expense (59,985) (28,026)
Unrealized gain (loss) on investment securities (19,681) (39,361)
Total other income (expense), net (67,939) (66,855)
Loss before provision for state income taxes (1,185,357) (3,413,992)
Provision for state income taxes 5,222 (8,169)
Income attributable to the noncontrolling interest (11,808) 125,746
Consolidated net loss (1,190,579) (3,405,823)
Net loss attributable to Tecogen Inc. $ (1,202,387) $ (3,280,077)
Basic loss per share $ (0.05) $ (0.13)
Weighted average shares outstanding (shares) - basic and diluted 24,850,250 24,818,979
Products    
Total revenues $ 2,750,479 $ 3,024,526
Total cost of sales 1,667,464 1,943,462
Services    
Total revenues 4,461,371 3,911,296
Total cost of sales 3,018,665 2,474,533
Energy production    
Total revenues 750,850 1,240,809
Total cost of sales $ 484,404 $ 799,877