2024 Q3 Form 10-Q Financial Statement

#000153743524000121 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $5.630M $7.113M
YoY Change -20.84% 7.47%
Cost Of Revenue $3.149M $4.187M
YoY Change -24.78% 12.4%
Gross Profit $2.481M $2.926M
YoY Change -15.21% 1.13%
Gross Profit Margin 44.06% 41.14%
Selling, General & Admin $3.124M $3.294M
YoY Change -5.16% 6.01%
% of Gross Profit 125.94% 112.59%
Research & Development $233.8K $160.0K
YoY Change 46.1% -20.83%
% of Gross Profit 9.42% 5.47%
Depreciation & Amortization $170.0K
YoY Change 58.51%
% of Gross Profit 5.81%
Operating Expenses $3.354M $3.454M
YoY Change -2.9% 4.37%
Operating Profit -$873.2K -$368.3K
YoY Change 137.1% 71.86%
Interest Expense $6.357K
YoY Change 178.82%
% of Operating Profit
Other Income/Expense, Net -$22.71K -$78.93K
YoY Change -71.23%
Pretax Income -$895.9K -$447.2K
YoY Change 100.33% 99.91%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$930.4K -$481.6K
YoY Change 93.2% 87.59%
Net Earnings / Revenue -16.53% -6.77%
Basic Earnings Per Share -$0.04 -$0.02
Diluted Earnings Per Share -$0.04 -$0.02
COMMON SHARES
Basic Shares Outstanding 24.85M shares 24.85M shares
Diluted Shares Outstanding 24.85M shares 24.85M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $650.0K
YoY Change -77.43%
Cash & Equivalents $1.282M $646.2K
Short-Term Investments
Other Short-Term Assets $420.0K
YoY Change -17.32%
Inventory $9.895M $11.04M
Prepaid Expenses
Receivables $5.448M $7.695M
Other Receivables $50.00K
Total Short-Term Assets $18.17M $21.59M
YoY Change -15.87% -7.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.699M $1.255M
YoY Change 35.45% -24.5%
Goodwill $2.564M $3.129M
YoY Change -18.07% 30.05%
Intangibles $2.604M $2.308M
YoY Change 12.85% 120.37%
Long-Term Investments $80.00K
YoY Change -28.88%
Other Assets $166.9K $145.2K
YoY Change 14.91% -21.24%
Total Long-Term Assets $9.312M $7.592M
YoY Change 22.65% 13.25%
TOTAL ASSETS
Total Short-Term Assets $18.17M $21.59M
Total Long-Term Assets $9.312M $7.592M
Total Assets $27.48M $29.19M
YoY Change -5.85% -2.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.838M $4.494M
YoY Change 7.67% 35.13%
Accrued Expenses $2.638M $2.633M
YoY Change 0.21% 16.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.84M $10.13M
YoY Change 16.92% 29.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $429.7K
YoY Change -46.06%
Total Long-Term Liabilities $429.7K
YoY Change -46.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.84M $10.13M
Total Long-Term Liabilities $429.7K
Total Liabilities $16.29M $12.78M
YoY Change 27.43% 31.59%
SHAREHOLDERS EQUITY
Retained Earnings -$46.45M -$41.03M
YoY Change 13.21% 11.33%
Common Stock $24.85K $24.85K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.30M $16.52M
YoY Change
Total Liabilities & Shareholders Equity $27.48M $29.19M
YoY Change -5.85% -2.94%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$930.4K -$481.6K
YoY Change 93.2% 87.59%
Depreciation, Depletion And Amortization $170.0K
YoY Change 58.51%
Cash From Operating Activities -$1.170M
YoY Change -904.84%
INVESTING ACTIVITIES
Capital Expenditures $10.00K
YoY Change -112.86%
Acquisitions
YoY Change
Other Investing Activities -$40.00K
YoY Change 115.87%
Cash From Investing Activities -$50.00K
YoY Change -48.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -1.170M
Cash From Investing Activities -50.00K
Cash From Financing Activities 0.000
Net Change In Cash -$69.03K -1.220M
YoY Change -94.34% -2586.75%
FREE CASH FLOW
Cash From Operating Activities -$1.170M
Capital Expenditures $10.00K
Free Cash Flow -$1.180M
YoY Change -628.77%

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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Description of Business and Basis of Presentation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Description of Business</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Tecogen Inc. (together with its subsidiaries "we", "our", "us" or "Tecogen"), a Delaware corporation, was incorporated on September 15, 2000, and acquired the assets and liabilities of the Tecogen Products division of Thermo Power Corporation. We produce 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. Our products supply electric power or mechanical power for cooling, while heat from the engine is recovered and purposefully used at a facility. The majority of our customers are located in regions with the highest utility rates, typically California, the Midwest and the Northeast.</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our operations are comprised of three business segments. Our Products segment designs, manufactures and sells industrial and commercial cogeneration systems. Our Services segment provides operation and maintenance services to customers for our products. Our Energy Production segment sells energy in the form of electricity, heat, hot water and cooling to our customers under long-term sales agreements. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our common stock is quoted on OTC Markets Group, Inc.'s OTCQX Best Market tier and trades under the symbol "TGEN."</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Liquidity, Going Concern and Management's Plans</span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles assuming that we will continue as a going concern, which contemplates the realization of assets and the settlement of obligations in the normal course of business. As of September 30, 2024, our cash and cash equivalents were $1,282,238, compared to $1,351,270 at December 31, 2023, a decrease of $69,032. For the nine months ended September 30, 2024 we used $116,995 in cash from operations and had a net operating loss of $3,397,075, due to a decrease in Products revenue and gross margin and an increase in operating expenses. Our Service gross margin percentage for the nine months ended September 30, 2024 of 46.4% is below our historical Service gross margins which ranged between 53.0% to 55.0%. Working capital at September 30, 2024 was $6,328,441, compared to $9,822,546 at December 31, 2023, a decrease of $3,494,105 and our accumulated deficit was $46,453,827. </span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a result of the above factors, management has performed an analysis to evaluate our ability to continue as a going concern for one year after the financial statements issuance date. Management’s analysis includes forecasting future revenues, expenditures and cash flows, taking into consideration past performance as well as key initiatives recently undertaken. Our forecasts are dependent on our ability to maintain margins based on the our ability to close on new and expanded business, leverage existing working capital, and effectively manage expenses. New and expanded business includes the sale and shipment of newly developed hybrid-drive air-cooled chillers, the acquisition of additional maintenance contracts in February 2024 and May 2024 (see Note 7. "Aegis Contract and Related Asset Acquisitions"), and the expansion of markets served by our chiller products into the data center market, which is currently experiencing power constraints. Our backlog at September 30, 2024 was $5,023,267. We have drawn $1,500,000 under the note subscription agreements with related parties (see Note 11. "Related Party Notes"). On October 30, 2024, our Board of Directors authorized management to proceed with an equity offering consisting of a private placement to existing shareholders in an amount of up to $2 million, consisting of one share of common stock, with a warrant to purchase one share of common stock for each share purchased, exercisable within two years. Based on management's analysis, we believe that cash flows from operations, the note agreements and anticipated proceeds from the private placement offering will be sufficient to fund operations over the next twelve months. There can, however, be no assurance we will be able to do so. Based on our analysis, the consolidated financial statements do not include any adjustments to the carrying amounts and classification of assets, liabilities, and reported expenses that may be necessary if we were unable to continue as a going concern. If we do not achieve our revenue, expenditure or cash flows forecast, we may need to raise additional capital through a debt or equity financing to meet our need for capital to fund operations and future growth.</span></div><div style="margin-bottom:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Basis of Presentation</span></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The financial statements have been prepared in accordance with accounting standards set by the Financial Accounting Standards Board, or FASB. The FASB sets generally accepted accounting principles, or GAAP, to ensure financial condition, results of operations, and cash flows are consistently reported. References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification, or ASC. We adopted the presentation requirements for noncontrolling interests required by ASC 810 Consolidation. Under ASC 810, earnings or losses attributed to the noncontrolling interests are reported as part of the consolidated earnings and not a separate component of income or expense. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying condensed consolidated financial statements include our accounts and the accounts of the entities in which we have a controlling financial interest. Those entities include our wholly-owned subsidiary, American DG Energy </span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inc. ("ADGE"), Tecogen CHP Solutions, Inc., and a joint venture, American DG New York, LLC, or ADGNY, in which ADGE holds a 51.0% interest. As the controlling partner, all major decisions in respect of ADGNY are made by ADGE in accordance with the joint venture agreement. The interests in the individual underlying energy system projects in ADGNY vary between ADGE and its joint venture partner. The noncontrolling interest and distributions are determined based on economic ownership. The economic ownership is calculated by the amount invested by us and the noncontrolling partner in each site. Each quarter, we calculate a year-to-date profit/loss for each site that is part of ADGNY and the noncontrolling interest percent of economic ownership in each site is applied to determine the noncontrolling interest share in the profit/loss. The same methodology is used to determine quarterly distributions of available cash to the noncontrolling interest partner. On our balance sheet, noncontrolling interest represents the joint venture partner’s investment in ADGNY, plus its share of after-tax profits less any cash distributions. ADGE owned a controlling 51.0% legal and economic interest in ADGNY as of September 30, 2024 and December 31, 2023. </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual audited financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of our financial position as of September 30, 2024 and the results of operations and cash flows for the three and nine months ended September 30, 2024 and 2023. The financial data and other information disclosed in these notes for the three and nine months ended September 30, 2024 and 2023 are also unaudited. The operating results for the nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Certain reclassifications of prior year amounts have been made to conform to the present year presentations. All intercompany transactions have been eliminated in consolidation. </span></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The condensed consolidated balance sheet at December 31, 2023 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. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    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 December 31, 2023.</span></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="margin-bottom:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">    </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The provisions for income taxes in the accompanying unaudited condensed consolidated statements of operations differ from that which would be expected by applying the federal statutory tax rate due to losses for which no benefit is recognized.</span></div>
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EarningsPerShareBasic
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InventoryWorkInProcessNetOfReserves
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PropertyPlantAndEquipmentNet
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PropertyPlantAndEquipmentNet
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CY2024Q3 tgen Depreciation Depletionand Amortization Property Plantand Equipment
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DepreciationDepletionandAmortizationPropertyPlantandEquipment
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DepreciationDepletionandAmortizationPropertyPlantandEquipment
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tgen Depreciation Depletionand Amortization Property Plantand Equipment
DepreciationDepletionandAmortizationPropertyPlantandEquipment
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IntangibleAssetsGrossExcludingGoodwill
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2024Q3 tgen Finite Lived Intangible Assets And Liability Net Amortization Expense Next Rolling12 Months
FiniteLivedIntangibleAssetsAndLiabilityNetAmortizationExpenseNextRolling12Months
226572 usd
CY2024Q3 tgen Finite Lived Intangible Assets And Liability Net Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAndLiabilityNetAmortizationExpenseRollingYearTwo
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CY2024Q3 tgen Finite Lived Intangible Assets And Liability Net Amortization Expense Rolling Year Three
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CY2024Q3 tgen Finite Lived Intangible Assets And Liability Net Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAndLiabilityNetAmortizationExpenseRollingYearFive
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CY2024Q3 tgen Finite Lived Intangible Assets And Liability Net Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAndLiabilityNetAmortizationExpenseRollingAfterYearFive
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CY2024Q3 tgen Finite Lived Intangible Assets And Liabilities Net
FiniteLivedIntangibleAssetsAndLiabilitiesNet
2112933 usd
CY2022Q2 tgen Numberof Salesof Energy Producing Assets
NumberofSalesofEnergyProducingAssets
2 sale
CY2022Q2 tgen Numberof Energy Producing Sites Sold
NumberofEnergyProducingSitesSold
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ProceedsFromSaleOfProductiveAssets
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EnergyProductionAgreementsPercentageOfExcessCashFlowsAboveThreshold
0.50
CY2024Q3 tgen Due From Energy Production Agreements
DueFromEnergyProductionAgreements
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CY2024Q3 tgen Energy Production Agreements Percentage Of Excess Cash Flows Above Threshold
EnergyProductionAgreementsPercentageOfExcessCashFlowsAboveThreshold
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CY2023Q1 tgen Lessee Operating Lease Number Of Lease Agreements
LesseeOperatingLeaseNumberOfLeaseAgreements
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LesseeOperatingLeaseNumberOfBuildings
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CY2023Q1 tgen Lessee Operating Lease Square Feet
LesseeOperatingLeaseSquareFeet
26412 sqft
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LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2023Q1 tgen Lessee Operating Lease Option To Extend Number Of Options
LesseeOperatingLeaseOptionToExtendNumberOfOptions
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CY2023Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2024Q1 us-gaap Lease Cost
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38200 usd
CY2024Q1 tgen Lessee Operating Lease Square Feet
LesseeOperatingLeaseSquareFeet
2800 sqft
CY2024Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P3Y
CY2024Q1 tgen Lessee Operating Lease Option To Extend Period
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CY2024Q1 tgen Lessee Operating Lease Option To Extend Monthly Rent
LesseeOperatingLeaseOptionToExtendMonthlyRent
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CY2024Q1 tgen Lessee Operating Lease Square Feet
LesseeOperatingLeaseSquareFeet
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CY2024Q1 tgen Lessee Operating Lease Option To Extend Period
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CY2024Q1 tgen Lessee Operating Lease Option To Extend Monthly Rent
LesseeOperatingLeaseOptionToExtendMonthlyRent
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CY2024Q2 tgen Lessee Operating Lease Square Feet
LesseeOperatingLeaseSquareFeet
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CY2024Q2 tgen Lessee Operating Lease Option To Extend Monthly Rent
LesseeOperatingLeaseOptionToExtendMonthlyRent
3662 usd
CY2024Q2 tgen Lessee Expired Operating Lease Square Feet
LesseeExpiredOperatingLeaseSquareFeet
43000 sqft
CY2024Q2 tgen Lessee Expired Operating Lease Monthly Rent
LesseeExpiredOperatingLeaseMonthlyRent
44254 usd
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
164627 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
631840 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y3M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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OperatingLeaseWeightedAverageDiscountRatePercent
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CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1839031 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
248933 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q4 tgen Finance Lease Number Of Acquired Service Vehicles
FinanceLeaseNumberOfAcquiredServiceVehicles
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CY2024Q3 tgen Finance Lease Number Of Acquired Service Vehicles
FinanceLeaseNumberOfAcquiredServiceVehicles
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
256811 usd
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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FinanceLeaseWeightedAverageDiscountRatePercent
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FinanceLeaseRightOfUseAsset
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FinanceLeaseRightOfUseAsset
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FinanceLeaseLiabilityNoncurrent
315797 usd
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FinanceLeaseLiabilityNoncurrent
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CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
200187 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
546070 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
119920 usd
CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid Year One
OperatingAndFinanceLeaseLiabilityToBePaidYearOne
665990 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
545587 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid Year Two
OperatingAndFinanceLeaseLiabilityToBePaidYearTwo
650431 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
466245 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid Year Three
OperatingAndFinanceLeaseLiabilityToBePaidYearThree
571089 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
425465 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
104844 usd
CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid Year Four
OperatingAndFinanceLeaseLiabilityToBePaidYearFour
530309 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
117232 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
62375 usd
CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid Year Five
OperatingAndFinanceLeaseLiabilityToBePaidYearFive
179607 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
75457 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid After Year Five
OperatingAndFinanceLeaseLiabilityToBePaidAfterYearFive
75457 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2176056 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
496827 usd
CY2024Q3 tgen Operating And Finance Lease Liability To Be Paid
OperatingAndFinanceLeaseLiabilityToBePaid
2672883 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
296634 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
96216 usd
CY2024Q3 tgen Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
392850 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1879422 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
400611 usd
CY2024Q3 tgen Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
2280033 usd
tgen Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodExercisePrice
0.77
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.71
tgen Share Based Compensation Shares Authorized Under Stock Option Plans Granted Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansGrantedExercisePriceRangeUpperRangeLimit
10.33
tgen Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodExercisePrice
0.77
tgen Share Based Compensation Shares Authorized Under Stock Option Plans Cancelled And Forfeited Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansCancelledAndForfeitedExercisePriceRangeLowerRangeLimit
0.74
tgen Share Based Compensation Shares Authorized Under Stock Option Plans Cancelled And Forfeited Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansCancelledAndForfeitedExercisePriceRangeUpperRangeLimit
10.33
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.71
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
6.74
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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-18749 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5630130 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5630130 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
2480914 usd
CY2024Q3 us-gaap Assets
Assets
27480287 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16544014 usd
us-gaap Gross Profit
GrossProfit
7135726 usd
CY2024Q3 us-gaap Assets
Assets
27480287 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7112530 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7112530 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
2926021 usd
CY2023Q3 us-gaap Assets
Assets
29186745 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19241106 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19241106 usd
us-gaap Gross Profit
GrossProfit
7852356 usd
CY2023Q3 us-gaap Assets
Assets
29186745 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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