$TGEN
TECOGEN INC. Stock $tgen

$tgen Overview Financials Valuation SEC Filings Company Website

2019 Q3 Form 10-Q Financial Statement

#000153743519000042 Filed on August 13, 2019

Income Statement

Concept	2019 Q3	2019 Q2	2018 Q2
Revenue	$8.670M	$7.867M	$8.453M
YoY Change	9.22%	-6.93%	11.36%
Cost Of Revenue	$5.839M	$4.441M	$5.294M
YoY Change	15.5%	-16.1%	14.98%
Gross Profit	$2.831M	$3.426M	$3.160M
YoY Change	-1.8%	8.43%	5.79%
Gross Profit Margin	32.65%	43.55%	37.38%
Selling, General & Admin	$3.369M	$3.760M	$3.796M
YoY Change	-2.21%	-0.93%	17.43%
% of Gross Profit	119.01%	109.77%	120.14%
Research & Development	$365.8K	$372.5K	$409.8K
YoY Change	30.14%	-9.09%	87.35%
% of Gross Profit	12.92%	10.87%	12.97%
Depreciation & Amortization	$95.62K	$98.99K	$190.0K
YoY Change	-51.26%	-47.9%	5.56%
% of Gross Profit	3.38%	2.89%	6.01%
Operating Expenses	$3.735M	$4.133M	$4.206M
YoY Change	0.23%	-1.73%	21.86%
Operating Profit	-$538.2K	-$334.6K	-$636.3K
YoY Change	-4.29%	-47.42%	158.8%
Interest Expense	$18.52K	$17.01K	$9.802K
YoY Change	-44.53%	73.49%	-74.26%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$556.5K	-$331.8K	-$700.3K
YoY Change	-2.68%	-52.61%	153.23%
Income Tax	$7.880K	$15.96K	$40.00K
% Of Pretax Income
Net Earnings	-$586.2K	-$357.1K	-$754.4K
YoY Change	-2.78%	-52.66%	156.98%
Net Earnings / Revenue	-6.76%	-4.54%	-8.92%
Basic Earnings Per Share		-$0.01	-$0.03
Diluted Earnings Per Share	-$23.60K	-$14.39K	-$0.03
COMMON SHARES
Basic Shares Outstanding	24.84M shares	24.84M shares	24.82M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q3	2019 Q2	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$780.7K	$1.088M	$1.020M
YoY Change	471.05%	6.66%	-69.28%
Cash & Equivalents	$780.7K	$1.088M	$1.015M
Short-Term Investments
Other Short-Term Assets	$644.8K	$640.5K	$860.0K
YoY Change	-20.91%	-25.52%	4.88%
Inventory	$7.058M	$6.991M	$5.534M
Prepaid Expenses
Receivables	$13.05M	$11.63M	$11.44M
Other Receivables	$13.05M	$11.63M	$11.44M
Total Short-Term Assets	$26.59M	$26.18M	$23.39M
YoY Change	15.99%	11.94%	2.9%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.604M	$3.764M	$11.36M
YoY Change	-67.56%	-66.87%	-27.75%
Goodwill	$5.282M	$5.282M	$13.37M
YoY Change	-60.48%	-60.48%	32602.85%
Intangibles	$1.572M	$1.555M	$2.951M
YoY Change	-46.44%	-47.32%	40.63%
Long-Term Investments
YoY Change
Other Assets	$609.7K	$557.5K	$408.1K
YoY Change	42.51%	36.61%	-83.16%
Total Long-Term Assets	$13.36M	$13.58M	$28.09M
YoY Change	-52.0%	-51.65%	-14.52%
TOTAL ASSETS
Total Short-Term Assets	$26.59M	$26.18M	$23.39M
Total Long-Term Assets	$13.36M	$13.58M	$28.09M
Total Assets	$39.95M	$39.76M	$51.47M
YoY Change	-21.29%	-22.76%	-7.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.488M	$6.235M	$4.962M
YoY Change	13.49%	25.66%	10.22%
Accrued Expenses	$2.015M	$2.062M	$1.946M
YoY Change	-8.28%	5.92%	2.45%
Deferred Revenue
YoY Change
Short-Term Debt	$940.6K	$0.00	$2.560M
YoY Change	-44.96%	-100.0%	201.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$11.57M	$10.65M	$11.27M
YoY Change	2.03%	-5.51%	33.2%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$1.764M	$1.901M	$7.100M
YoY Change	-74.34%	-73.23%	-33.95%
Total Long-Term Liabilities	$1.764M	$1.901M	$7.100M
YoY Change	-74.34%	-73.23%	-48.92%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.57M	$10.65M	$11.27M
Total Long-Term Liabilities	$1.764M	$1.901M	$7.100M
Total Liabilities	$16.14M	$15.40M	$18.37M
YoY Change	-11.42%	-16.17%	-17.85%
SHAREHOLDERS EQUITY
Retained Earnings	-$32.89M	-$32.31M	-$23.70M
YoY Change	35.37%	36.35%	2.61%
Common Stock	$24.84K	$24.84K	$24.82K
YoY Change	0.1%	0.09%	0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$23.71M	$24.24M	$32.65M
YoY Change
Total Liabilities & Shareholders Equity	$39.95M	$39.76M	$51.47M
YoY Change	-21.29%	-22.76%	-7.4%

Cashflow Statement

Concept	2019 Q3	2019 Q2	2018 Q2
OPERATING ACTIVITIES
Net Income	-$586.2K	-$357.1K	-$754.4K
YoY Change	-2.78%	-52.66%	156.98%
Depreciation, Depletion And Amortization	$95.62K	$98.99K	$190.0K
YoY Change	-51.26%	-47.9%	5.56%
Cash From Operating Activities	-$1.126M	-$1.489M	-$1.830M
YoY Change	-714.11%	-18.65%	-377.27%
INVESTING ACTIVITIES
Capital Expenditures	-$63.12K	-$34.61K	-$70.00K
YoY Change	-64.61%	-50.56%	-30.0%
Acquisitions
YoY Change
Other Investing Activities	-$40.40K	-$8.130K	-$10.00K
YoY Change	20.56%	-18.7%	-101.64%
Cash From Investing Activities	-$103.5K	-$42.75K	-$80.00K
YoY Change	-51.14%	-46.56%	-116.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	922.1K	9.170K	1.720M
YoY Change	-208.76%	-99.47%
NET CHANGE
Cash From Operating Activities	-1.126M	-1.489M	-1.830M
Cash From Investing Activities	-103.5K	-42.75K	-80.00K
Cash From Financing Activities	922.1K	9.170K	1.720M
Net Change In Cash	-307.2K	-1.522M	-190.0K
YoY Change	-64.94%	701.19%	-116.38%
FREE CASH FLOW
Cash From Operating Activities	-$1.126M	-$1.489M	-$1.830M
Capital Expenditures	-$63.12K	-$34.61K	-$70.00K
Free Cash Flow	-$1.063M	-$1.454M	-$1.760M
YoY Change	-393.81%	-17.38%	-331.58%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
	dei	Document Period End Date DocumentPeriodEndDate	2019-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001537435
CY2019Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	24843261	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	TECOGEN INC.
	dei	Entity Shell Company EntityShellCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
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CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2802600	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	134700	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	536863	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	529115	USD
CY2019Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	350000	USD
CY2019Q2	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	7000	USD
CY2019Q2	us-gaap	Guarantees Fair Value Disclosure GuaranteesFairValueDisclosure	168000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-700300	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-663161	USD
CY2019Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-331840	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3745832	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	38864	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	28524	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1017610	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-918484	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1732029	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2517901	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	529325	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-380351	USD
	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-345324	USD
	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-936106	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	247669	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-966776	USD
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-585492	USD
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-9405	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	403785	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	695835	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-74424	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-59683	USD
CY2019Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1554634	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	9802	USD
	us-gaap	Interest Expense InterestExpense	22815	USD
CY2019Q2	us-gaap	Interest Expense InterestExpense	17005	USD
	us-gaap	Interest Expense InterestExpense	45031	USD
CY2018Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-64014	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-97780	USD
CY2019Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	2742	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-64113	USD
	us-gaap	Interest Paid InterestPaid	79079	USD
	us-gaap	Interest Paid InterestPaid	23551	USD
CY2018Q4	us-gaap	Inventory Net InventoryNet	6294862	USD
CY2019Q2	us-gaap	Inventory Net InventoryNet	6990697	USD
CY2019Q2	us-gaap	Lease Cost LeaseCost	192674	USD
	us-gaap	Lease Cost LeaseCost	372371	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	576698	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	649801	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	375423	USD
CY2019Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	381019	USD
CY2018Q4	us-gaap	Liabilities Liabilities	21866619	USD
CY2019Q2	us-gaap	Liabilities Liabilities	15401955	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	49904393	USD
CY2019Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	39756376	USD
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	13198320	USD
CY2019Q2	us-gaap	Liabilities Current LiabilitiesCurrent	10649607	USD
CY2018Q4	us-gaap	Minority Interest MinorityInterest	255116	USD
CY2019Q2	us-gaap	Minority Interest MinorityInterest	111291	USD
CY2018Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10962	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	34299	USD
CY2019Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	27413	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	27413	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1771122	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2000763	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	112475	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	4896394	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2541234	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2080213	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	-754350	USD
	us-gaap	Net Income Loss NetIncomeLoss	-733592	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-357129	USD
	us-gaap	Net Income Loss NetIncomeLoss	-3637206	USD
CY2018Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	15186	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	31567	USD
CY2019Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	9334	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-116412	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-636286	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-565381	USD
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-334582	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3681719	USD
CY2019Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	2421581	USD
	us-gaap	Operating Lease Payments OperatingLeasePayments	319436	USD
CY2018Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	USD
CY2019Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2421581	USD
CY2019Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.06
CY2019Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y6M1D
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	393651	USD
CY2019Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	557544	USD
CY2018Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-59042	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-78723	USD
CY2019Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	19681	USD
	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments	900	USD
CY2018Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	0	USD
CY2019Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	520667	USD
CY2018Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	0	USD
CY2019Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1900914	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	0	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3693198	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	145011	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	149264	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	22738	USD
	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments	0	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	149453	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	52444	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	34300	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	27413	USD
CY2018Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	722042	USD
CY2019Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	640516	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	2702828	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-2021519	USD
	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	3606	USD
	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	5000000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	7000000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	63305	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	20756	USD
CY2018Q2	us-gaap	Profit Loss ProfitLoss	-739164	USD
	us-gaap	Profit Loss ProfitLoss	-702025	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	-347795	USD
	us-gaap	Profit Loss ProfitLoss	-3753618	USD
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14939567	USD
CY2019Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6629002	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11273115	USD
CY2019Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3763500	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	4395	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	29849	USD
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	850000	USD
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	0	USD
CY2018Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	409779	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	712009	USD
CY2019Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	372545	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	717627	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28670095	USD
CY2019Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-32307301	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	8453165	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	18628592	USD
CY2019Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	7867396	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	16044027	USD
CY2019Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	20400000	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	2628299	USD
CY2018Q2	us-gaap	Selling Expense SellingExpense	635396	USD
	us-gaap	Selling Expense SellingExpense	1310514	USD
CY2019Q2	us-gaap	Selling Expense SellingExpense	704700	USD
	us-gaap	Selling Expense SellingExpense	1397954	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3795880	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7562778	USD
CY2019Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3760497	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	10066393	USD
CY2018Q2	us-gaap	Share Based Compensation ShareBasedCompensation	38062	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	78478	USD
CY2019Q2	us-gaap	Share Based Compensation ShareBasedCompensation	39898	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	77933	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	27782658	USD
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	24243130	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33695145	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33797055	USD
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33099703	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	28037774	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24681375	USD
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24354421	USD
CY2018Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24818459	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24811034	shares
CY2019Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24826311	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24822555	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business and Basis of Presentation</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Description of Business</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tecogen Inc., or the Company, we, our or us, produces commercial and industrial natural-gas-fueled engine-driven, combined heat and power (CHP) products that reduce energy costs, decrease greenhouse gas emissions and alleviate congestion on the national power grid. The Company’s products supply electric power or mechanical power for cooling, while heat from the engine is recovered and purposefully used at a facility. The Company also installs, owns, operates and maintains complete energy systems and other complementary systems at customer sites and sells electricity, hot water, heat and cooling energy under long-term contracts at prices guaranteed to the customer to be below conventional utility rates. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The majority of the Company’s customers are located in regions with the highest utility rates, typically California, the Midwest and the Northeast. The Company's common stock is listed on NASDAQ under the ticker symbol TGEN.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 18, 2017, the Company acquired </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the outstanding common stock of American DG Energy Inc., formerly a related entity, in a stock-for-stock merger.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June 30, 2019</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results that may be expected for the year ending </font><font style="font-family:inherit;font-size:10pt;">December 31, 2019</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated balance sheet at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For further information, refer to the consolidated financial statements and footnotes thereto included in Tecogen's Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There have been certain changes in accounting principles as discussed below in the section entitled "Significant New Accounting Standards Adopted this Period."</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and entities in which it has a controlling financial interest. Those entities include the Company's wholly-owned subsidiaries American DG Energy Inc., TTcogen LLC, and a joint venture, American DG New York, LLC, in which American DG Energy Inc. holds a </font><font style="font-family:inherit;font-size:10pt;">51%</font><font style="font-family:inherit;font-size:10pt;"> interest. Investments in partnerships and companies in which the Company does not have a controlling financial interest but where we have significant influence are accounted for under the equity method. Any intercompany transactions have been eliminated in consolidation. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s operations are comprised of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> business segments. Our Products and Services segment designs, manufactures and sells industrial and commercial cogeneration systems as described above. Our Energy Production segment sells energy in the form of electricity, heat, hot water and cooling to our customers under long-term sales agreements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassification </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform with current year presentation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">The provisions for income taxes in the accompanying unaudited consolidated statements of operations differ from that which would be expected by applying the federal statutory tax rate primarily due to losses for which no benefit is recognized.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Significant New Accounting Standards Adopted this Period</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Cloud Computing Arrangement.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">During the third quarter of 2018, the Company early adopted ASU 2018-15 "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract" as it is currently undertaking implementation of a new enterprise resource planning system (ERP). The Company opted to apply the provisions of ASU 2018-15 on a prospective basis. The primary effect of the provisions is to capitalize certain implementation costs amounting to </font><font style="font-family:inherit;font-size:10pt;">$85,372</font><font style="font-family:inherit;font-size:10pt;"> during the application development phase in 2018 and to amortize those costs prospectively over the life of the agreement rather than expense them currently as general and administrative costs.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Leases.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">On January 1, 2019, we adopted the guidance under ASU No. 2016-02, “Leases” (“the new lease standard” or “ASC 842”) under the cumulative-effect method of transition where comparative information has not been restated and continues to be reported under the standards in effect for those periods. The adoption did not result in any cumulative-effect adjustment to beginning retained earnings. </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">The Company has elected certain practical expedients upon adoption and therefore has not reassessed whether any expired or existing contracts contain leases, has not reassessed the lease classification for any expired or existing leases and has not reassessed initial direct costs for any existing leases.   </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard requires lessees to recognize most leases on their balance sheets as a right-of-use ("ROU") asset with a corresponding lease liability. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2.42 million</font><font style="font-family:inherit;font-size:10pt;"> was included in ROU assets </font><font style="font-family:inherit;font-size:10pt;">$0.52 million</font><font style="font-family:inherit;font-size:10pt;"> in Lease obligations, current, and </font><font style="font-family:inherit;font-size:10pt;">$1.90 million</font><font style="font-family:inherit;font-size:10pt;"> in Lease obligations, long-term, on the Condensed Consolidated Balance Sheets as a result of the new lease standard. There was no impact on our Condensed Consolidated Statements of Operations and Comprehensive Income or Condensed Consolidated Statements of Cash Flows. See </font><font style="font-family:inherit;font-size:10pt;">Note 7. </font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">Leases</font><font style="font-family:inherit;font-size:10pt;"> for further discussion.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Significant New Accounting Standards or Updates Not Yet Effective</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Measurement of Credit Losses on Financial Instruments.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;"> In June 2016, the FASB issued ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">. The main objective of ASU 2016-13 is to provide financial statement users with more decision-useful information about an entity's expected credit losses on financial instruments and other commitments to extend credit at each reporting date. To achieve this objective, the amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to develop credit loss estimates. Subsequent to issuing ASU 2016-13, the FASB issued ASU 2018-19, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Codification Improvements to Topic 326, Financial Instruments - Credit Losses</font><font style="font-family:inherit;font-size:10pt;">, for the purpose of clarifying certain aspects of ASU 2016-13. ASU 2018-19 has the same effective date and transition requirements as ASU 2016-13. ASU 2016-13 will be effective for the Company's fiscal year beginning January 1, 2020, using a modified retrospective approach. Early adoption is permitted. The Company is currently assessing the impact this ASU will have on its condensed consolidated financial statements.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates</font></div></div>

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$TGEN
TECOGEN INC. Stock $tgen

2019 Q3 Form 10-Q Financial Statement

#000153743519000042 Filed on August 13, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TGEN TECOGEN INC. Stock $tgen

2019 Q3 Form 10-Q Financial Statement

#000153743519000042 Filed on August 13, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TGEN
TECOGEN INC. Stock $tgen