Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total revenues $ 6,057,161 $ 7,962,700
Total cost of sales 3,105,953 5,170,533
Gross profit 2,951,208 2,792,167
Operating expenses    
General and administrative 2,453,853 2,689,461
Selling 510,203 855,788
Research and development 126,150 364,336
Total operating expenses 3,090,206 3,909,585
Loss from operations (138,998) (1,117,418)
Other income (expense)    
Interest income (1,203) 11,727
Interest expense (4,640) (59,985)
Gain on extinguishment of debt 1,887,859 0
Gain on sale of investment securities 6,046 0
Unrealized gain (loss) on investment securities 37,497 (19,681)
Total other income (expense), net 1,925,559 (67,939)
Loss before provision for state income taxes 1,786,561 (1,185,357)
Provision for state income taxes 8,058 5,222
Consolidated net loss 1,778,503 (1,190,579)
Income attributable to the noncontrolling interest (11,796) (11,808)
Net loss attributable to Tecogen Inc. $ 1,766,707 $ (1,202,387)
Earnings Per Share [Abstract]    
Net income (loss) per share - basic (in USD per share) $ 0.07 $ (0.05)
Net income (loss) per share - diluted (in usd per share) $ 0.07 $ (0.05)
Weighted average shares outstanding - Basic 24,850,261 24,850,250
Weighted average shares outstanding - diluted 25,122,271 24,850,250
Products    
Total revenues $ 2,122,722 $ 3,051,760
Total cost of sales 1,174,287 1,802,883
Services    
Total revenues 3,281,144 4,160,090
Total cost of sales 1,537,603 2,883,246
Energy production    
Total revenues 653,295 750,850
Total cost of sales $ 394,063 $ 484,404