Company: OPGN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001829126-25-008771
Chunk: 61

Company: OPGEN INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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    $
    28,000

    $
    4,000,000

    $
    196,149

Revenues by geography are as follows:

    Schedule of revenues by geography

    Three Months Ended  June 30,

    Six Months
    Ended June 30,

    2025

    2024

    2025

    2024

    Domestic
     
    $
    -

    $
    28,000

    $
    -

    $
    196,149

    International

    4,000,000

    -

    4,000,000

    -

    Total revenue
     
    $
    4,000,000

    $
    28,000

    $
    4,000,000

    $
    196,149

    14

Deferred revenue

Changes in deferred revenue for the six months ended June 30, 2024
were as follows:

    Schedule of changes in deferred revenue

    Balance at December 31, 2023
     
    $
    25,926

    Recognized

    (21,096
    )
  
    Refunded to customers

    (4,830
    )
  
    Balance at June 30, 2024
     
    $
    -

Note 5 – Investment in equity securities

On January 2, 2024, AEI Capital Ltd., the Company’s controlling stockholder (“AEI Capital”), entered into a Letter of Engagement with a privately held company (the “Client”), pursuant to which AEI Capital agreed to provide certain listing advisory services relating to the preparation and facilitation of an initial public offering for the Client (the “Engagement Agreement”). In consideration for such services, under the Engagement Agreement, AEI Capital is entitled to receive a fee consisting of: (i) 3.5% of the outstanding equity interests of the Client (the “Equity Consideration”) and (ii) $200,000 (the “Cash Consideration,” and collectively, with the Equity Consideration, the “Consideration”).

On October 2, 2024, CapForce, which was organized
by the Company for purposes of repositioning itself as a new business in the digital investment banking industry powered by financial
technology, entered into an Agreement of Assignment of Mandate with AEI Capital in respect of Direct Listing Sponsorship Advisory Services
(the “Assignment Agreement”), pursuant to which AE