v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Products $ 3,024,526 $ 3,673,506
Services 3,911,296 4,719,386
Energy production 1,240,809 1,782,535
Total revenues 8,176,631 10,175,427
Cost of sales    
Products 1,943,462 2,409,115
Services 2,474,533 2,782,854
Energy production 799,877 1,145,655
Total cost of sales 5,217,872 6,337,624
Gross profit 2,958,759 3,837,803
Operating expenses    
General and administrative 2,655,411 2,789,549
Selling 693,253 675,118
Research and development 345,083 302,230
(Gain) loss on sale of assets (1,081,049) 4,120
Goodwill impairment 3,693,198  
Total operating expenses 6,305,896 3,766,897
Income (loss) from operations (3,347,137) 70,906
Other income (expense)    
Interest income and other expense, net 532 (1,072)
Interest expense (28,026) (13,013)
Unrealized loss on investment securities (39,361) (19,681)
Total other income (expense), net (66,855) (33,766)
Income (loss) before provision for state income taxes (3,413,992) 37,140
Benefit for state income taxes (8,169) 0
Consolidated net income (loss) (3,405,823) 37,140
(Income) loss attributable to the noncontrolling interest 125,746 (16,381)
Net income (loss) attributable to Tecogen Inc. $ (3,280,077) $ 20,759
Net loss per share - basic and diluted (in USD per share) $ (0.13) $ 0.00
Weighted average shares outstanding - basic (shares) 24,818,979 24,803,527
Weighted average shares outstanding - diluted (shares) 24,818,979 24,881,185

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