Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 746

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 3
Chunk 746
---
612,944
    )
  
    Deferred revenue

    (25,926
    )

    74,109

    Net cash used in operating activities

    (4,869,744
    )

    (14,319,542
    )
  
    Cash flows from investing activities:

    Purchases of property and equipment

    -

    (800,412
    )
  
    Net cash used in investing activities

    -

    (800,412
    )
  
    Cash flows from financing activities:

    Proceeds from issuance of common stock and warrants, net of issuance costs

    -

    12,041,168

    Proceeds from issuance of common stock, net of issuance costs

    1,988,359

    -

    Proceeds from issuance of preferred stock, net of issuance costs

    2,950,217

    250,000

    Proceeds from short-term insurance financing

    300,926

    -

    Payments on short-term insurance financing

    (210,648
    )

    -

    Payments on debt

    -

    (3,914,490
    )
  
    Payments on finance lease obligations

    (280
    )

    (3,364
    )
  
    Net cash provided by financing activities

    5,028,574

    8,373,314

    Effects of exchange rates on cash

    -

    265,066

    Net increase (decrease) in cash, cash equivalents and restricted cash

    158,830

    (6,481,574
    )
  
    Cash and cash equivalents and restricted cash at beginning of year

    1,454,085

    7,935,659

    Cash and cash equivalents and restricted cash at end of year
     
    $
    1,612,915

    $
    1,454,085

    Supplemental disclosure of cash flow information

    Cash paid for interest
     
    $
    7,555

    $
    1,424,140

    Supplemental disclosures of non-cash investing and financing activities

    Settlement of deferred compensation and severance
     
    $
    1,333,285

    $
    -

    Issuance of common stock upon conversion of preferred stock
     
    $
    2,950,217

    $
    -

    Right-of-use assets acquired through operating leases
     
    $