Tecogen Inc. (TGEN) financial statements (2021 and earlier)
Company profile
| Business Address |
45 FIRST AVENUE WALTHAM, MA 02451 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 1 | 0 | 2 | 4 | 5 | 1 | ||
| Cash and cash equivalents | 1 | 1 | 0 | 2 | 4 | 5 | 1 | ||
| Restricted cash and investments | 0 | 1 | |||||||
| Receivables | 9 | 15 | 14 | 10 | 9 | 6 | 5 | ||
| Inventory, net of allowances, customer advances and progress billings | 7 | 6 | 6 | 5 | 5 | 6 | 4 | ||
| Inventory | 7 | 6 | 6 | 5 | 5 | 6 | 4 | ||
| Contract with customer, asset | 4 | ✕ | ✕ | ✕ | ✕ | ||||
| Deferred costs | 0 | 0 | |||||||
| Other undisclosed current assets | 1 | 6 | 6 | 5 | 3 | 1 | 1 | ||
| Total current assets: | 22 | 28 | 26 | 22 | 20 | 19 | 12 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2 | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2 | 3 | 11 | 12 | 1 | 1 | 1 | ||
| Intangible assets, net (including goodwill) | 4 | 7 | 12 | 16 | 0 | 1 | 1 | ||
| Goodwill | 2 | 5 | 9 | 13 | 0 | 0 | 0 | ||
| Intangible assets, net (excluding goodwill) | 1 | 2 | 3 | 3 | 1 | 1 | |||
| Deferred costs | 0 | ||||||||
| Other noncurrent assets | 0 | 1 | 0 | 0 | 2 | 0 | 0 | ||
| Other undisclosed noncurrent assets | 0 | 1 | |||||||
| Total noncurrent assets: | 8 | 13 | 24 | 29 | 4 | 2 | 2 | ||
| TOTAL ASSETS: | 30 | 41 | 50 | 51 | 24 | 21 | 14 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6 | 8 | 9 | 7 | 5 | 4 | 3 | ||
| Accounts payable | 4 | 5 | 7 | 5 | 3 | 3 | 2 | ||
| Accrued liabilities | 2 | 3 | 2 | 1 | 1 | 1 | 1 | ||
| Deferred revenue | 1 | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1 | ||||||||
| Due to related parties | 0 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 3 | 1 | 1 | 1 | 2 | ||
| Other liabilities | 1 | 1 | |||||||
| Other undisclosed current liabilities | 2 | 2 | 1 | ||||||
| Total current liabilities: | 9 | 13 | 13 | 9 | 6 | 5 | 5 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1 | ||||||||
| Long-term debt, excluding current maturities | 1 | ||||||||
| Liabilities, other than long-term debt | 1 | 2 | 2 | 1 | 0 | 0 | 0 | ||
| Deferred revenue and credits | ✕ | ✕ | 2 | 1 | 0 | 0 | 0 | ||
| Deferred revenue | 0 | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 1 | 2 | |||||||
| Other undisclosed noncurrent liabilities | 2 | 3 | 6 | 8 | 3 | 3 | 3 | ||
| Total noncurrent liabilities: | 4 | 4 | 9 | 8 | 4 | 3 | 3 | ||
| Total liabilities: | 13 | 18 | 22 | 17 | 9 | 9 | 8 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 17 | 23 | 28 | 33 | 15 | 13 | 6 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 57 | 57 | 56 | 56 | 37 | 35 | 25 | ||
| Accumulated other comprehensive loss | (0) | ||||||||
| Accumulated deficit | (40) | (33) | (29) | (23) | (23) | (22) | (19) | ||
| Stockholders' equity attributable to noncontrolling interest | (0) | 0 | 0 | 0 | (0) | (0) | |||
| Total stockholders' equity: | 17 | 23 | 28 | 34 | 15 | 12 | 6 | ||
| TOTAL LIABILITIES AND EQUITY: | 30 | 41 | 50 | 51 | 24 | 21 | 14 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 28 | 33 | 36 | 33 | 24 | 21 | 19 | |
| Revenue, net | ✕ | ✕ | 36 | 33 | 24 | 21 | 19 | |
| Cost of revenue (Cost of Goods and Services Sold) | (17) | (21) | (22) | (20) | (15) | (14) | (13) | |
| Gross profit: | 11 | 12 | 14 | 13 | 9 | 8 | 6 | |
| Operating expenses | (17) | (17) | (19) | (13) | (10) | (10) | (11) | |
| Other undisclosed operating income | 1 | |||||||
| Operating income (loss): | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
| Nonoperating income (expense) (loss on Contract Termination) | (0) | |||||||
| Interest and debt expense | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (0) | (0) | 0 | 0 | ||||
| Income (loss) from continuing operations before income taxes: | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
| Income tax expense | (0) | (0) | (0) | |||||
| Income (loss) before gain (loss) on sale of properties: | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
| Other undisclosed net income | 0 | 0 | 0 | |||||
| Net income (loss): | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
| Net income (loss) attributable to noncontrolling interest | 0 | 0 | 0 | (0) | 0 | 0 | 0 | |
| Net income (loss) available to common stockholders, diluted: | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6) | (5) | (6) | 0 | (1) | (3) | (4) | |
| Other comprehensive loss | (0) | (0) | (0) | |||||
| Other undisclosed comprehensive loss | (0) | |||||||
| Comprehensive loss: | (6) | (5) | (6) | (0) | (1) | (3) | (4) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | (0) | 0 | 0 | 0 | |
| Comprehensive loss, net of tax, attributable to parent: | (6) | (5) | (6) | (0) | (1) | (3) | (4) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.