Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Total revenues $ 22,619,536 $ 25,139,419
Total cost of sales 12,749,363 14,937,801
Gross profit 9,870,173 10,201,618
Operating expenses    
General and administrative 11,356,406 11,880,389
Selling 1,880,903 1,931,037
Research and development 961,837 840,011
Gain on sale of assets (12,181) (36,207)
Impairment of long-lived assets 0 0
Goodwill impairment 217,295 0
Operating Expenses 14,404,260 14,615,230
Loss from operations (4,534,087) (4,413,612)
Other income (expense)    
Interest and other income (expense) (26,814) (61,003)
Interest expense (90,304) (16,050)
Total other expense, net (117,118) (77,053)
Loss before income taxes (4,651,205) (4,490,665)
State income tax provision 22,565 32,491
Net income (loss) (4,673,770) (4,523,156)
Income attributable to the noncontrolling interest (86,468) (74,952)
Net loss attributable to Tecogen Inc. $ (4,760,238) $ (4,598,108)
Net income (loss) per share - basic (in USD per share) $ (0.19) $ (0.19)
Weighted average shares outstanding - basic (in shares) 24,861,190 24,850,261
Net income (loss) per share - diluted (in USD per share) $ (0.19) $ (0.19)
Weighted average shares outstanding - diluted (in shares) 24,861,190 24,850,261
Products    
Total revenues $ 4,443,996 $ 8,859,946
Total cost of sales 3,014,655 5,923,096
Services    
Total revenues 16,074,870 14,523,054
Total cost of sales 8,432,876 7,909,202
Energy production    
Total revenues 2,100,670 1,756,419
Total cost of sales $ 1,301,832 $ 1,105,503