Company: OPGN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001829126-25-008771
Chunk: 90

Company: OPGEN INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 90
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 of products sold for the three months ended June 30, 2025
                                            as we had no products sales due to the Company scaling down its legacy operations and repositioning
                                            its business;

●Cost
                                            of services: cost of services was $0 for the three months ended June 30, 2025 and 2024. These
                                            balances align with the Company scaling down its legacy operations and repositioning its
                                            business; and

    ●
    Research
        and development, general and administrative, and sales and marketing: research and development, general and administrative, and sales
        and marketing expenses decreased approximately 100%, 62%, and 91%, respectively, for the three months ended June 30, 2025 compared
        to the same period in 2024. The decreases are primarily attributable to the Company scaling down its legacy operations and repositioning
        its business. 

25

Other
income (expense)

    Three Months Ended
        June 30,

    2025

    2024

    Interest and other income
     
    $
    108,843

    $
    150,658

    Interest expense

    (1,623
    )

    (1,079
    )
  
    Change in fair value of EIB loan guaranty

    -

    (178,802
    )
  
    Foreign currency transaction
        (losses) gains

    (3
    )

    184

    Total other income
        (expense)
     
    $
    107,217

    $
    (29,039
    )

Our
total other income for the three months ended June 30, 2025 consisted primarily of sublease income. Total other expense for the three
months ended June 30, 2024 consisted primarily of the change in fair value of our EIB loan guaranty, partially offset by interest
and other income consisting primarily of sublease income.

26

Results
of operations for the six months ended June 30, 2025 and 2024

Revenues

    Six Months Ended
        June 30,

    2025

    2024

    Product sales
     
    $
    -

    $
    169,373

    Laboratory services

    -

    26,776

    Listing sponsorship services

    4,000,000

    -

    Total revenue
     
    $
    4