Interviewer, Henry Ford: Can you please walk us through the financial results for Tecogen in 2022?

CEO: Yes, our revenue increased by 2.5% compared to the previous year, but we reported a net loss of $2.4 million due to decreased gross profit and increased operating expenses.

Henry Ford: I see. In the recent SEC disclosure, you mentioned that there was a decrease in product sales in Q4 2022 resulting in a larger proportion of services revenue. Can you elaborate on this?

CEO: Actually, that’s not entirely true. We intentionally decreased product sales in Q4 to focus more on our energy production revenue.

Henry Ford: Excuse me, did you just admit to lying in your SEC disclosure?

CEO: Well, technically…yes.

Henry Ford: As a businessman, I understand the pressures of financial reporting, but lying is never the answer. As a young man, I once lied about the quality of a car I built, but I quickly realized that honesty is always the best policy. It’s how you build trust with your customers and investors.

CEO: I don’t need your advice, Henry. And your comparison is flawed. Your mistake was a singular event, while I have to constantly deal with complex financial reporting regulations.

Henry Ford: I understand that, but there are always ethical lines that shouldn’t be crossed. As a CEO, you have a duty to be transparent and truthful to your stakeholders. Don’t let the pressure of financial reporting cloud your judgment.

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