v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenues $ 6,145,102 $ 7,435,058 $ 12,202,263 $ 15,397,758
Total cost of sales 3,302,464 4,529,067 6,408,417 9,699,600
Gross profit 2,842,638 2,905,991 5,793,846 5,698,158
Operating expenses        
General and administrative 2,438,452 2,637,479 4,892,305 5,326,941
Selling 580,871 602,383 1,091,074 1,458,170
Research and development 132,883 166,027 259,033 530,363
Total operating expenses 3,152,206 3,405,889 6,242,412 7,315,474
Loss from operations (309,568) (499,898) (448,566) (1,617,316)
Other income (expense)        
Interest income and other income (expense), net (1,125) 238 (2,328) 11,965
Interest expense (5,088) (56,253) (9,728) (116,238)
Gain on extinguishment of debt     1,887,859 0
Employee retention credit 713,268 0 713,268 0
Gain on sale     6,046 0
Unrealized gain (loss) on investment securities 18,749 (78,723) 56,246 (98,404)
Total other income (expense), net 725,804 (134,738) 2,651,363 (202,677)
Income (loss) before provision for state income taxes 416,236 (634,636) 2,202,797 (1,819,993)
Provision for state income taxes 7,933 13,171 15,991 18,393
Consolidated net income (loss) 408,303 (647,807) 2,186,806 (1,838,386)
(Income) loss attributable to the non-controlling interest (8,672) (6,081) (20,468) (17,889)
Net income (loss) attributable to Tecogen Inc. $ 399,631 $ (653,888) $ 2,166,338 $ (1,856,275)
Earnings Per Share [Abstract]        
Net income (loss) per share - basic (in USD per share) $ 0.02 $ (0.03) $ 0.09 $ (0.07)
Net income (loss) per share - diluted (in usd per share) $ 0.02 $ (0.03) $ 0.09 $ (0.07)
Weighted average shares outstanding - basic 24,850,261 24,850,261 24,850,261 24,850,256
Weighted average shares outstanding - diluted 25,125,210 24,850,261 25,102,470 24,850,256
Products        
Total revenues $ 2,445,927 $ 3,786,134 $ 4,568,649 $ 6,837,894
Total cost of sales 1,390,725 2,220,456 2,565,012 4,023,339
Services        
Total revenues 3,328,314 3,372,583 6,609,458 7,532,673
Total cost of sales 1,679,386 2,102,735 3,216,989 4,985,981
Energy production        
Total revenues 370,861 276,341 1,024,156 1,027,191
Total cost of sales $ 232,353 $ 205,876 $ 626,416 $ 690,280

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