$TGEN
TECOGEN INC. Stock $tgen

$tgen Overview Financials Valuation SEC Filings Company Website

2019 Q4 Form 10-Q Financial Statement

#000153743519000048 Filed on November 12, 2019

Income Statement

Concept	2019 Q4	2019 Q3	2018 Q3
Revenue	$8.712M	$8.670M	$7.939M
YoY Change	-6.49%	9.22%	-6.62%
Cost Of Revenue	$5.449M	$5.839M	$5.056M
YoY Change	-2.78%	15.5%	-3.58%
Gross Profit	$3.263M	$2.831M	$2.883M
YoY Change	-12.09%	-1.8%	-11.51%
Gross Profit Margin	37.45%	32.65%	36.32%
Selling, General & Admin	$3.325M	$3.369M	$3.445M
YoY Change	-2.97%	-2.21%	8.6%
% of Gross Profit	101.91%	119.01%	119.5%
Research & Development	$376.7K	$365.8K	$281.1K
YoY Change	23.69%	30.14%	16.29%
% of Gross Profit	11.54%	12.92%	9.75%
Depreciation & Amortization	$74.25K	$95.62K	$196.2K
YoY Change	-63.41%	-51.26%	22.62%
% of Gross Profit	2.28%	3.38%	6.8%
Operating Expenses	$3.702M	$3.735M	$3.727M
YoY Change	-54.42%	0.23%	9.15%
Operating Profit	-$438.9K	-$538.2K	-$562.3K
YoY Change	-90.05%	-4.29%	-757.37%
Interest Expense	-$38.16K	$18.52K	$33.38K
YoY Change	-68.91%	-44.53%	-26.22%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$476.8K	-$556.5K	-$571.8K
YoY Change	-89.48%	-2.68%	-1136.96%
Income Tax	-$470.00	$7.880K	$3.820K
% Of Pretax Income
Net Earnings	-$485.6K	-$586.2K	-$603.0K
YoY Change	-88.89%	-2.78%	-2316.15%
Net Earnings / Revenue	-5.57%	-6.76%	-7.6%
Basic Earnings Per Share			-$0.02
Diluted Earnings Per Share	-$19.54K	-$23.60K	-$0.02
COMMON SHARES
Basic Shares Outstanding	24.84M shares	24.84M shares	24.82M shares
Diluted Shares Outstanding			24.82M shares

Balance Sheet

Concept	2019 Q4	2019 Q3	2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$877.7K	$780.7K	$136.7K
YoY Change	222.03%	471.05%	-93.43%
Cash & Equivalents	$877.7K	$780.7K	$136.7K
Short-Term Investments
Other Short-Term Assets	$635.0K	$644.8K	$815.3K
YoY Change	-12.05%	-20.91%	10.17%
Inventory	$6.405M	$7.058M	$5.983M
Prepaid Expenses
Receivables	$14.57M	$13.05M	$11.55M
Other Receivables	$14.57M	$13.05M	$11.55M
Total Short-Term Assets	$27.91M	$26.59M	$22.93M
YoY Change	5.84%	15.99%	-2.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.466M	$3.604M	$11.11M
YoY Change	-69.25%	-67.56%	-28.35%
Goodwill	$5.282M	$5.282M	$13.37M
YoY Change	-41.15%	-60.48%	32602.85%
Intangibles	$1.594M	$1.572M	$2.935M
YoY Change	-44.93%	-46.44%	20.78%
Long-Term Investments
YoY Change
Other Assets	$691.9K	$609.7K	$427.8K
YoY Change	75.78%	42.51%	-82.63%
Total Long-Term Assets	$13.21M	$13.36M	$27.84M
YoY Change	-43.88%	-52.0%	-15.75%
TOTAL ASSETS
Total Short-Term Assets	$27.91M	$26.59M	$22.93M
Total Long-Term Assets	$13.21M	$13.36M	$27.84M
Total Assets	$41.12M	$39.95M	$50.76M
YoY Change	-17.61%	-21.29%	-10.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.272M	$6.488M	$5.716M
YoY Change	-26.3%	13.49%	6.72%
Accrued Expenses	$2.599M	$2.015M	$2.197M
YoY Change	70.11%	-8.28%	31.06%
Deferred Revenue
YoY Change
Short-Term Debt	$2.402M	$940.6K	$1.709M
YoY Change	19.55%	-44.96%	101.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$13.45M	$11.57M	$11.34M
YoY Change	1.87%	2.03%	20.65%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$1.638M	$1.764M	$6.877M
YoY Change		-74.34%	-35.97%
Total Long-Term Liabilities	$1.638M	$1.764M	$6.877M
YoY Change		-74.34%	-50.49%
TOTAL LIABILITIES
Total Short-Term Liabilities	$13.45M	$11.57M	$11.34M
Total Long-Term Liabilities	$1.638M	$1.764M	$6.877M
Total Liabilities	$17.76M	$16.14M	$18.22M
YoY Change	-18.76%	-11.42%	-21.79%
SHAREHOLDERS EQUITY
Retained Earnings	-$33.38M	-$32.89M	-$24.30M
YoY Change	16.42%	35.37%	5.35%
Common Stock	$24.85K	$24.84K	$24.82K
YoY Change	0.1%	0.1%	0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$23.27M	$23.71M	$32.10M
YoY Change
Total Liabilities & Shareholders Equity	$41.12M	$39.95M	$50.76M
YoY Change	-17.61%	-21.29%	-10.37%

Cashflow Statement

Concept	2019 Q4	2019 Q3	2018 Q3
OPERATING ACTIVITIES
Net Income	-$485.6K	-$586.2K	-$603.0K
YoY Change	-88.89%	-2.78%	-2316.15%
Depreciation, Depletion And Amortization	$74.25K	$95.62K	$196.2K
YoY Change	-63.41%	-51.26%	22.62%
Cash From Operating Activities	-$1.259M	-$1.126M	$183.3K
YoY Change	-16.13%	-714.11%	-116.52%
INVESTING ACTIVITIES
Capital Expenditures	-$68.03K	-$63.12K	-$178.4K
YoY Change	-88.25%	-64.61%	48.63%
Acquisitions
YoY Change
Other Investing Activities	-$38.06K	-$40.40K	-$33.51K
YoY Change	-101.94%	20.56%	-16.23%
Cash From Investing Activities	-$106.1K	-$103.5K	-$211.9K
YoY Change	-107.67%	-51.14%	41.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.462M	922.1K	-847.8K
YoY Change	476.43%	-208.76%	-4339.05%
NET CHANGE
Cash From Operating Activities	-1.259M	-1.126M	183.3K
Cash From Investing Activities	-106.1K	-103.5K	-211.9K
Cash From Financing Activities	1.462M	922.1K	-847.8K
Net Change In Cash	96.94K	-307.2K	-876.4K
YoY Change	-28.64%	-64.94%	-29.33%
FREE CASH FLOW
Cash From Operating Activities	-$1.259M	-$1.126M	$183.3K
Capital Expenditures	-$68.03K	-$63.12K	-$178.4K
Free Cash Flow	-$1.191M	-$1.063M	$361.7K
YoY Change	29.18%	-393.81%	-136.53%

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	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
	dei	Document Period End Date DocumentPeriodEndDate	2019-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001537435
CY2019Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	24843261	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	120604	USD
	tgen	Settlement Of Receivable From Shareholder SettlementOfReceivableFromShareholder	63304	USD
	us-gaap	Gross Profit GrossProfit	9215915	USD
	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
CY2018Q3	tgen	Amortizationof Contract Related Intangible Assetsand Liabilities Net AmortizationofContractRelatedIntangibleAssetsandLiabilitiesNet	211876	USD
	tgen	Amortizationof Contract Related Intangible Assetsand Liabilities Net AmortizationofContractRelatedIntangibleAssetsandLiabilitiesNet	656042	USD
CY2019Q3	tgen	Amortizationof Contract Related Intangible Assetsand Liabilities Net AmortizationofContractRelatedIntangibleAssetsandLiabilitiesNet	107998	USD
	tgen	Amortizationof Contract Related Intangible Assetsand Liabilities Net AmortizationofContractRelatedIntangibleAssetsandLiabilitiesNet	394731	USD
CY2018Q3	tgen	Depreciation Depletionand Amortization Property Plantand Equipment DepreciationDepletionandAmortizationPropertyPlantandEquipment	404315	USD
	tgen	Depreciation Depletionand Amortization Property Plantand Equipment DepreciationDepletionandAmortizationPropertyPlantandEquipment	1234731	USD
CY2019Q3	tgen	Depreciation Depletionand Amortization Property Plantand Equipment DepreciationDepletionandAmortizationPropertyPlantandEquipment	180662	USD
	tgen	Depreciation Depletionand Amortization Property Plantand Equipment DepreciationDepletionandAmortizationPropertyPlantandEquipment	686880	USD
CY2018Q4	tgen	Finite Lived Intangible Liabilities Accumulated Amortization FiniteLivedIntangibleLiabilitiesAccumulatedAmortization	1619676	USD
CY2019Q3	tgen	Finite Lived Intangible Liabilities Accumulated Amortization FiniteLivedIntangibleLiabilitiesAccumulatedAmortization	2044367	USD
CY2018Q3	tgen	Identifiable Assets IdentifiableAssets	50761534	USD
CY2019Q3	tgen	Identifiable Assets IdentifiableAssets	39954322	USD
	tgen	Increase Decrease In Interest Payable Related Party IncreaseDecreaseInInterestPayableRelatedParty	-52265	USD
	tgen	Increase Decrease In Interest Payable Related Party IncreaseDecreaseInInterestPayableRelatedParty	0	USD
	tgen	Increase Decrease In Prepaid Expense And Other Current Assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets	43743	USD
	tgen	Increase Decrease In Prepaid Expense And Other Current Assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets	19586	USD
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CY2018Q4	tgen	Intangible Liability Gross IntangibleLiabilityGross	7912275	USD
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CY2018Q3	tgen	Interestand Other Income Expense InterestandOtherIncomeExpense	4168	USD
	tgen	Interestand Other Income Expense InterestandOtherIncomeExpense	7926	USD
CY2019Q3	tgen	Interestand Other Income Expense InterestandOtherIncomeExpense	192	USD
	tgen	Interestand Other Income Expense InterestandOtherIncomeExpense	790	USD
	tgen	Noncash Interest Expense NoncashInterestExpense	0	USD
	tgen	Noncash Interest Expense NoncashInterestExpense	36252	USD
CY2018Q4	tgen	Notes Payableand Lineof Credit Related Parties Current NotesPayableandLineofCreditRelatedPartiesCurrent	2009435	USD
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	tgen	Numberof Energy Producing Sites Sold NumberofEnergyProducingSitesSold	8	site
	tgen	Numberof Salesof Energy Producing Assets NumberofSalesofEnergyProducingAssets	2	sale
	tgen	Payment Termon Contractually Determined Milestones PaymentTermonContractuallyDeterminedMilestones	P30D
	tgen	Payment Termon Energy Production Contract Invoices PaymentTermonEnergyProductionContractInvoices	P30D
	tgen	Payment Termon Installation Services PaymentTermonInstallationServices	P30D
	tgen	Payment Termon Product Sales PaymentTermonProductSales	P30D
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	tgen	Paymentof Stock Issuance Costs Acquisition PaymentofStockIssuanceCostsAcquisition	1011	USD
CY2019Q3	tgen	Percentage Of Owned Joint Venture PercentageOfOwnedJointVenture	0.51
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CY2019Q3	tgen	Performance Obligation Recognizedover Next Two Years Percent PerformanceObligationRecognizedoverNextTwoYearsPercent	0.94
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1235003	USD
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-556507	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4302339	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	44864	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	29205	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1097220	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	779945	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-203262	USD
	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-245892	USD
	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-165375	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	185059	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-1142575	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	853262	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	763604	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-54741	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	216015	USD
CY2018Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	3754762	USD
CY2019Q3	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	2532536	USD
CY2018Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2893990	USD
CY2019Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1572085	USD
CY2018Q3	us-gaap	Interest Expense InterestExpense	33380	USD
	us-gaap	Interest Expense InterestExpense	56195	USD
CY2019Q3	us-gaap	Interest Expense InterestExpense	18516	USD
	us-gaap	Interest Expense InterestExpense	63547	USD
CY2018Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-9531	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-107311	USD
CY2019Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-18324	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-82437	USD
	us-gaap	Interest Paid Net InterestPaidNet	112460	USD
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CY2019Q3	us-gaap	Inventory Net InventoryNet	7058466	USD
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	us-gaap	Lease Cost LeaseCost	568847	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2641805	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	134700	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	536863	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	529115	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	576698	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	649801	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	214628	USD
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CY2019Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	2294951	USD
	us-gaap	Operating Lease Payments OperatingLeasePayments	480319	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	346854	USD
CY2018Q4	us-gaap	Liabilities Liabilities	21866619	USD
CY2019Q3	us-gaap	Liabilities Liabilities	16136670	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	49904393	USD
CY2019Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	39954322	USD
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	13198320	USD
CY2019Q3	us-gaap	Minority Interest MinorityInterest	112439	USD
CY2018Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	34650	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	68950	USD
CY2019Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	20713	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	48126	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	922193	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1078693	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-101868	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	4812564	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2356680	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3225683	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	-603037	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1336628	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	-586249	USD
	us-gaap	Net Income Loss NetIncomeLoss	-4223455	USD
CY2018Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	27379	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	58946	USD
CY2019Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	21861	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-94551	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-562312	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1127692	USD
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-538183	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4219902	USD
CY2018Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	USD
CY2019Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2294951	USD
CY2019Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.06
CY2019Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y4M1D
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	393651	USD
CY2019Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	609666	USD
CY2018Q3	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	19681	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-59042	USD
CY2019Q3	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	0	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-19680	USD
CY2018Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	0	USD
CY2019Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	530481	USD
	us-gaap	Selling Expense SellingExpense	1892229	USD
CY2018Q3	us-gaap	Selling Expense SellingExpense	581716	USD
	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments	0	USD
CY2018Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	0	USD
CY2019Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1764470	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	203648	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	64656	USD
	us-gaap	Payments To Acquire Longterm Investments PaymentsToAcquireLongtermInvestments	900	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	273814	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	73642	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	68950	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	48127	USD
CY2018Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	722042	USD
CY2019Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	644821	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	1853899	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-1105111	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	26418	USD
CY2018Q3	us-gaap	Profit Loss ProfitLoss	-575658	USD
	us-gaap	Profit Loss ProfitLoss	-1277682	USD
CY2019Q3	us-gaap	Profit Loss ProfitLoss	-564388	USD
	us-gaap	Profit Loss ProfitLoss	-4318006	USD
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14939567	USD
CY2019Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6650200	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11273115	USD
CY2019Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3603709	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
CY2018Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	281094	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	993102	USD
CY2019Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	365817	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1083444	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28670095	USD
CY2019Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-32893550	USD
CY2018Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	7938684	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	26567276	USD
CY2019Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	8670477	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	24714504	USD
CY2019Q3	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	25100000	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	2628299	USD
CY2019Q3	us-gaap	Selling Expense SellingExpense	669720	USD
CY2019Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3369424	USD
	us-gaap	Selling Expense SellingExpense	2067674	USD
CY2018Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3445410	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	11008187	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	13435817	USD
CY2018Q3	us-gaap	Share Based Compensation ShareBasedCompensation	55330	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	133808	USD
CY2019Q3	us-gaap	Share Based Compensation ShareBasedCompensation	42671	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	120604	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	27782658	USD
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	23705213	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33695145	USD
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33099703	USD
CY2018Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32543818	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	28037774	USD
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24354421	USD
CY2019Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	23817652	USD
CY2018Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24819056	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24813936	shares
CY2019Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24843177	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24838367	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;">nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">September 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%;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;">September 30, 2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2.29 million</font><font style="font-family:inherit;font-size:10pt;"> was included in ROU assets, </font><font style="font-family:inherit;font-size:10pt;">$0.53 million</font><font style="font-family:inherit;font-size:10pt;"> in Lease obligations, current, and </font><font style="font-family:inherit;font-size:10pt;">$1.76 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 Q4 Form 10-Q Financial Statement

#000153743519000048 Filed on November 12, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TGEN TECOGEN INC. Stock $tgen

2019 Q4 Form 10-Q Financial Statement

#000153743519000048 Filed on November 12, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TGEN
TECOGEN INC. Stock $tgen