Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Total revenues $ 7,438,323 $ 6,057,161
Total cost of sales 4,347,535 3,105,953
Gross profit 3,090,788 2,951,208
Operating expenses    
General and administrative 2,473,903 2,453,853
Selling 501,091 510,203
Research and development 140,135 126,150
Gain on disposition of assets (33,945) 0
Gain on termination of unfavorable contract liability (71,375) 0
Total operating expenses 3,009,809 3,090,206
Income (loss) from operations 80,979 (138,998)
Other income (expense)    
Other income (expense), net (14,150) (1,203)
Interest expense (828) (4,640)
Gain on extinguishment of debt 0 1,887,859
Gain on sale of investment securities 0 6,046
Unrealized gain (loss) on investment securities 37,497 37,497
Total other income (expense), net 22,519 1,925,559
Income before provision for state income taxes 103,498 1,786,561
Provision for state income taxes 3,930 8,058
Consolidated net income 99,568 1,778,503
Income attributable to the non-controlling interest (10,159) (11,796)
Net income attributable to Tecogen Inc. $ 89,409 $ 1,766,707
Earnings Per Share [Abstract]    
Net income (loss) per share - basic (in USD per share) $ 0.00 $ 0.07
Net income (loss) per share - diluted (in usd per share) $ 0.00 $ 0.07
Weighted average shares outstanding - basic 24,850,261 24,850,261
Weighted average shares outstanding - diluted 25,028,616 25,122,271
Products    
Total revenues $ 3,939,481 $ 2,122,722
Total cost of sales 2,644,756 1,174,287
Services    
Total revenues 2,917,280 3,281,144
Total cost of sales 1,366,752 1,537,603
Energy production    
Total revenues 581,562 653,295
Total cost of sales $ 336,027 $ 394,063