v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total revenues $ 8,670,477 $ 7,938,684 $ 24,714,504 $ 26,567,276
Total cost of sales 5,839,236 5,055,586 15,498,589 16,686,781
Gross profit 2,831,241 2,883,098 9,215,915 9,880,495
Operating expenses        
General and administrative 2,333,887 2,582,600 7,672,550 8,122,856
Selling 669,720 581,716 2,067,674 1,892,229
Research and development 365,817 281,094 1,083,444 993,102
(Gain) loss on sale of assets     (1,081,049) 0
Goodwill impairment     3,693,198 0
Total operating expenses 3,369,424 3,445,410 13,435,817 11,008,187
Loss from operations (538,183) (562,312) (4,219,902) (1,127,692)
Other income (expense)        
Interest income 192 4,168 790 7,926
Interest expense (18,516) (33,380) (63,547) (56,195)
Unrealized gain (loss) on investment securities 0 19,681 (19,680) (59,042)
Total other income (expense), net (18,324) (9,531) (82,437) (107,311)
Loss before provision for state income taxes (556,507) (571,843) (4,302,339) (1,235,003)
Provision for state income taxes 7,881 3,815 15,667 42,679
Income attributable to the noncontrolling interest (21,861) (27,379) 94,551 (58,946)
Consolidated net loss (564,388) (575,658) (4,318,006) (1,277,682)
Net loss attributable to Tecogen Inc. $ (586,249) $ (603,037) $ (4,223,455) $ (1,336,628)
Basic loss per share $ (0.02) $ (0.02) $ (0.17) $ (0.05)
Weighted average shares outstanding (shares) - basic and diluted 24,843,177 24,819,056 24,838,367 24,813,936
Products        
Total revenues $ 3,790,291 $ 2,765,094 $ 9,260,265 $ 8,922,257
Total cost of sales 2,515,605 1,695,347 6,005,819 5,596,272
Services        
Total revenues 4,248,584 3,713,770 13,003,529 12,894,439
Total cost of sales 3,029,702 2,517,210 8,034,410 8,262,104
Energy production        
Total revenues 631,602 1,459,820 2,450,710 4,750,580
Total cost of sales $ 293,929 $ 843,029 $ 1,458,360 $ 2,828,405

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