v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenues $ 7,199,707 $ 8,670,477 $ 22,597,465 $ 24,714,504
Total cost of sales 4,412,963 5,839,236 14,112,563 15,498,589
Gross profit 2,786,744 2,831,241 8,484,902 9,215,915
Operating expenses        
General and administrative 2,318,789 2,333,887 7,645,729 7,672,550
Selling 563,857 669,720 2,022,027 2,067,674
Research and development 111,253 365,817 641,616 1,083,444
Gain on sale of assets     0 (1,081,049)
Goodwill impairment     0 3,693,198
Total operating expenses 2,993,899 3,369,424 10,309,372 13,435,817
Loss from operations (207,155) (538,183) (1,824,470) (4,219,902)
Other income (expense)        
Interest income (12) 192 11,953 790
Interest expense (4,845) (18,516) (121,084) (63,547)
Unrealized gain (loss) on investment securities 0 0 (98,403) (19,680)
Total other income (expense), net (4,857) (18,324) (207,534) (82,437)
Loss before provision for state income taxes (212,012) (556,507) (2,032,004) (4,302,339)
Provision for state income taxes 9,397 7,881 27,791 15,667
Income attributable to the noncontrolling interest (10,511) (21,861) (28,400) 94,551
Consolidated net loss (221,409) (564,388) (2,059,795) (4,318,006)
Net loss attributable to Tecogen Inc. $ (231,920) $ (586,249) $ (2,088,195) $ (4,223,455)
Basic loss per share $ (0.01) $ (0.02) $ (0.08) $ (0.17)
Weighted average shares outstanding (shares) - basic and diluted 24,850,261 24,843,177 24,850,257 24,838,367
Products        
Total revenues $ 2,659,635 $ 3,790,291 $ 8,752,908 $ 9,260,265
Total cost of sales 1,593,500 2,515,605 5,298,750 6,005,819
Services        
Total revenues 4,171,377 4,248,584 12,448,671 13,003,529
Total cost of sales 2,621,855 3,029,702 7,925,925 8,034,410
Energy production        
Total revenues 368,695 631,602 1,395,886 2,450,710
Total cost of sales $ 197,608 $ 293,929 $ 887,888 $ 1,458,360

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