Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenues $ 7,183,121 $ 5,630,130 $ 21,755,712 $ 16,544,014
Total cost of sales 4,999,555 3,149,216 13,888,613 9,408,288
Gross profit 2,183,566 2,480,914 7,867,099 7,135,726
Operating expenses:        
General and administrative 3,411,762 2,681,558 9,431,073 8,428,119
Selling 572,869 442,812 1,682,085 1,377,758
Research and development 297,926 233,809 859,318 734,994
(Gain) loss on disposition of assets 1,713 (4,042) 1,433 (8,070)
Total operating expenses 4,284,270 3,354,137 11,973,909 10,532,801
Loss from operations (2,100,704) (873,223) (4,106,810) (3,397,075)
Other income (expense), net        
Other income (expense), net 81,925 (18,453) 61,302 (15,305)
Interest expense (41,113) (23,003) (111,592) (59,542)
Unrealized gain (loss) on investment securities (56,246) 18,749 (74,995) 0
Total other income (expense), net (15,434) (22,707) (125,285) (74,847)
Loss before provision for state income taxes (2,116,138) (895,930) (4,232,095) (3,471,922)
Provision for state income taxes 2,928 0 20,615 22,100
Consolidated net loss (2,119,066) (895,930) (4,252,710) (3,494,022)
(Income) loss attributable to the non-controlling interest (11,881) (34,478) (2,264) (80,149)
Loss attributable to Tecogen Inc. $ (2,130,947) $ (930,408) $ (4,254,974) $ (3,574,171)
Earnings Per Share [Abstract]        
Net loss per share - basic (in USD per share) $ (0.07) $ (0.04) $ (0.16) $ (0.14)
Weighted average shares outstanding - basic (in shares) 28,817,040 24,850,261 26,354,875 24,850,261
Net loss per share - diluted (in usd per share) $ (0.07) $ (0.04) $ (0.16) $ (0.14)
Weighted average shares outstanding - diluted (in shares) 28,817,040 24,850,261 26,354,875 24,850,261
Products        
Total revenues $ 2,983,795 $ 1,391,016 $ 8,672,927 $ 3,002,087
Total cost of sales 1,885,377 797,209 5,605,282 2,018,734
Services        
Total revenues 3,943,510 3,850,551 12,153,700 11,991,378
Total cost of sales 2,946,438 2,139,042 7,675,073 6,423,114
Energy Service [Member]        
Total revenues 255,816 388,563 929,085 1,550,549
Total cost of sales $ 167,740 $ 212,965 $ 608,258 $ 966,440