Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Total revenues $ 28,254,579 $ 33,426,448
Total cost of sales 17,427,065 20,947,696
Gross profit 10,827,514 12,478,752
Operating expenses    
General and administrative 10,311,086 10,380,143
Selling 2,593,168 2,685,200
Research and development 767,323 1,460,096
Gain on sale of assets (11,367) (1,081,304)
Impairment of long-lived assets 251,906 0
Goodwill impairment 2,875,711 3,693,198
Total operating expenses 16,787,827 17,137,333
Loss from operations (5,960,313) (4,658,581)
Other income (expense)    
Interest and other income (expense) (2,479) 933
Interest expense (125,824) (101,851)
Unrealized loss on investment securities (98,404) (19,680)
Total other expense, net (226,707) (120,598)
Loss before income taxes   (4,779,179)
State income tax provision 30,171 15,194
Consolidated net loss (6,217,191) (4,794,373)
Loss attributable to the noncontrolling interest 66,684 85,354
Net loss attributable to Tecogen Inc. $ (6,150,507) $ (4,709,019)
Net loss per share - basic and diluted $ (0.25) $ (0.19)
Weighted average shares outstanding - basic and diluted 24,850,258 24,839,957
Products    
Total revenues $ 10,534,096 $ 12,977,896
Total cost of sales 6,473,768 8,385,574
Services    
Total revenues 15,883,302 17,307,718
Total cost of sales 9,783,652 10,808,142
Energy production    
Total revenues 1,837,181 3,140,834
Total cost of sales $ 1,169,645 $ 1,753,980