Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Total revenues $ 5,379,818 $ 7,438,323
Total cost of sales 3,287,909 4,347,535
Gross profit 2,091,909 3,090,788
Operating expenses    
General and administrative 2,792,483 2,473,903
Selling 520,070 501,091
Research and development 229,102 140,135
Gain on disposition of assets 0 (33,945)
Gain on termination of unfavorable contract liability 0 (71,375)
Total operating expenses 3,541,655 3,009,809
Income (loss) from operations (1,449,746) 80,979
Other income (expense)    
Other income (expense), net 830 (14,150)
Interest expense (415) (828)
Unrealized gain (loss) on investment securities 0 37,497
Total other income (expense), net 415 22,519
Income (loss) before provision for state income taxes (1,449,331) 103,498
Provision for state income taxes 22,638 3,930
Consolidated net income (loss) (1,471,969) 99,568
Income attributable to the non-controlling interest (18,060) (10,159)
Net income (loss) attributable to Tecogen Inc. $ (1,490,029) $ 89,409
Earnings Per Share [Abstract]    
Net income (loss) per share - basic (in USD per share) $ (0.06) $ 0
Net income (loss) per share - diluted (in usd per share) $ (0.06) $ 0
Weighted average shares outstanding - basic 24,850,261 24,850,261
Weighted average shares outstanding - diluted 24,850,261 25,028,616
Products    
Total revenues $ 1,710,136 $ 3,939,481
Total cost of sales 1,212,568 2,644,756
Services    
Total revenues 3,136,173 2,917,280
Total cost of sales 1,737,602 1,366,752
Energy production    
Total revenues 533,509 581,562
Total cost of sales $ 337,739 $ 336,027