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

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Total revenues $ 27,073,710 $ 22,619,536
Total cost of sales 17,249,202 12,749,363
Gross profit 9,824,508 9,870,173
Operating expenses    
General and administrative 13,522,035 11,356,406
Selling 2,267,247 1,880,903
Research and development 1,166,744 961,837
Loss (gain) on sale of assets 183 (12,181)
Long-lived asset impairment 15,005 0
Goodwill impairment 1,098,124 217,295
Operating Expenses 18,069,338 14,404,260
Loss from operations (8,244,830) (4,534,087)
Other income (expense)    
Interest and other income (expense) 151,711 (26,814)
Interest expense (150,289) (90,304)
Gain on the sale of marketable securities 3,687 0
Unrealized gain on marketable securities 10,993 0
Total other expense, net 16,102 (117,118)
Loss before income taxes (8,228,728) (4,651,205)
State income tax provision 20,615 22,565
Consolidated net loss (8,249,343) (4,673,770)
Loss (income) attributable to the noncontrolling interest 588 (86,468)
Net loss attributable to Tecogen Inc. $ (8,248,755) $ (4,760,238)
Net income (loss) per share - basic (in USD per share) $ (0.30) $ (0.19)
Weighted average shares outstanding - basic (in shares) 27,233,143 24,861,190
Net income (loss) per share - diluted (in USD per share) $ (0.30) $ (0.19)
Weighted average shares outstanding - diluted (in shares) 27,233,143 24,861,190
Products    
Total revenues $ 9,133,450 $ 4,443,996
Total cost of sales 6,097,501 3,014,655
Services    
Total revenues 16,616,523 16,074,870
Total cost of sales 10,202,774 8,432,876
Energy production    
Total revenues 1,323,737 2,100,670
Total cost of sales $ 948,927 $ 1,301,832