Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenues $ 7,873,820 $ 7,183,121 $ 19,955,725 $ 21,755,712
Total cost of sales 4,927,875 4,999,555 12,246,216 13,888,613
Gross profit 2,945,945 2,183,566 7,709,509 7,867,099
Operating expenses:        
General and administrative 3,724,299 3,411,762 10,953,622 9,431,073
Selling 508,669 572,869 1,639,642 1,682,085
Research and development 285,450 297,926 969,497 859,318
(Gain) loss on disposition of assets (6,075) 1,713 (781) 1,433
Total operating expenses 4,512,343 4,284,270 13,561,980 11,973,909
Loss from operations (1,566,398) (2,100,704) (5,852,471) (4,106,810)
Other income (expense), net        
Other income (expense), net 37,481 81,925 146,231 61,302
Interest expense (37,408) (41,113) (110,897) (111,592)
Unrealized gain (loss) on investment securities 0 (56,246) 0 (74,995)
Total other income (expense), net 73 (15,434) 35,334 (125,285)
Loss before provision for state income taxes (1,566,325) (2,116,138) (5,817,137) (4,232,095)
Provision for state income taxes 0 2,928 11,261 20,615
Consolidated net loss (1,566,325) (2,119,066) (5,828,398) (4,252,710)
(Income) loss attributable to the noncontrolling interest (23,243) (11,881) (30,346) (2,264)
Loss attributable to Tecogen Inc. $ (1,589,568) $ (2,130,947) $ (5,858,744) $ (4,254,974)
Earnings Per Share [Abstract]        
Net income (loss) per share - basic (in USD per share) $ (0.05) $ (0.07) $ (0.20) $ (0.16)
Weighted average shares outstanding - basic (in shares) 30,185,254 28,817,040 30,016,277 26,354,875
Net income (loss) per share - diluted (in usd per share) $ (0.05) $ (0.07) $ (0.20) $ (0.16)
Weighted average shares outstanding - diluted (in shares) 30,185,254 28,817,040 30,016,277 26,354,875
Products        
Total revenues $ 3,047,954 $ 2,983,795 $ 5,358,026 $ 8,672,927
Total cost of sales 2,221,685 1,885,377 3,453,788 5,605,282
Services        
Total revenues 4,462,607 3,943,510 13,474,254 12,153,700
Total cost of sales 2,561,731 2,946,438 8,034,469 7,675,073
Energy production        
Total revenues 363,259 255,816 1,123,445 929,085
Total cost of sales $ 144,459 $ 167,740 $ 757,959 $ 608,258