$TGEN
TECOGEN INC.
CIK:0001537435|SEC Filings
Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Total revenues | $ 5,746,136 | $ 7,294,820 | $ 12,081,905 | $ 14,572,590 |
| Total cost of sales | 3,572,234 | 4,832,328 | 7,318,341 | 8,889,058 |
| Gross profit | 2,173,902 | 2,462,492 | 4,763,564 | 5,683,532 |
| Operating expenses: | ||||
| General and administrative | 3,510,850 | 3,091,175 | 7,229,320 | 6,019,310 |
| Selling | 490,040 | 514,735 | 1,130,973 | 1,109,216 |
| Research and development | 320,224 | 268,724 | 684,047 | 561,392 |
| (Gain) loss on disposition of assets | 2,950 | (280) | 5,294 | (280) |
| Total operating expenses | 4,324,064 | 3,874,354 | 9,049,634 | 7,689,638 |
| Loss from operations | (2,150,162) | (1,411,862) | (4,286,070) | (2,006,106) |
| Other income (expense), net | ||||
| Other income (expense), net | 46,349 | (6,378) | 108,747 | (20,623) |
| Interest expense | (39,244) | (38,153) | (73,489) | (70,479) |
| Unrealized loss on investment securities | 0 | (18,749) | ||
| Total other income (expense), net | 7,105 | (44,531) | 35,258 | (109,851) |
| Loss before provision for state income taxes | (2,143,057) | (1,456,393) | (4,250,812) | (2,115,957) |
| Provision for state income taxes | 361 | 16,762 | 11,261 | 17,687 |
| Consolidated net loss | (2,143,418) | (1,473,155) | (4,262,073) | (2,133,644) |
| (Income) loss attributable to the noncontrolling interest | (5,185) | 9,050 | (7,103) | 9,617 |
| Loss attributable to Tecogen Inc. | $ (2,148,603) | $ (1,464,105) | $ (4,269,176) | $ (2,124,027) |
| Earnings Per Share [Abstract] | ||||
| Net income (loss) per share - basic (in USD per share) | $ (0.07) | $ (0.06) | $ (0.14) | $ (0.08) |
| Weighted average shares outstanding - basic (in shares) | 30,000,820 | 25,250,217 | 29,930,388 | 25,103,388 |
| Net income (loss) per share - diluted (in usd per share) | $ (0.07) | $ (0.06) | $ (0.14) | $ (0.08) |
| Weighted average shares outstanding - diluted (in shares) | 30,000,820 | 25,250,217 | 29,930,388 | 25,103,388 |
| Products | ||||
| Total revenues | $ 1,134,772 | $ 3,155,323 | $ 2,310,072 | $ 5,689,132 |
| Total cost of sales | 584,755 | 2,232,155 | 1,232,103 | 3,719,905 |
| Services | ||||
| Total revenues | 4,375,253 | 3,965,168 | 9,011,647 | 8,210,190 |
| Total cost of sales | 2,772,569 | 2,469,737 | 5,472,738 | 4,728,635 |
| Energy production | ||||
| Total revenues | 236,111 | 174,329 | 760,186 | 673,268 |
| Total cost of sales | $ 214,910 | $ 130,436 | $ 613,500 | $ 440,518 |