Company: OPGN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001829126-25-008771
Chunk: 40

Company: OPGEN INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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2025. Accordingly, we have the right, in our sole discretion, to sell to AEI Capital Ltd., at any time and from time to time prior to December
31, 2025, up to $7.0 million of additional shares of common stock. 

Going forward, we anticipate funding our operations
primarily through financing arrangements with AEI Capital Ltd, including the August 2024 Securities Purchase Agreement noted above, until
our operating business is able to sustain our operations.

28

Sources
and uses of cash

The
following table summarizes the net cash and cash equivalents (used in) provided by operating activities, investing activities and financing
activities for the periods indicated:

    Six months ended June 30,

    2025

    2024

    Net cash (used in) provided by

    Operating activities
     
    $
    (645,337
    )
     
    $
    (1,804,262
    )
  
    Investing activities

    -

    -

    Financing activities

    166,318

    820,553

    Net decrease in cash
        and cash equivalents
     
    $
    (479,019
    )
     
    $
    (983,709
    )

Net
cash used in operating activities

Net
cash used in operating activities for the six months ended June 30, 2025 consists primarily of our net income of $3.1 million and
noncash share-based compensation expense of $0.2 million, reduced by changes in operating assets and liabilities of $4.0 million.

Net
cash used in operating activities for the six months ended June 30, 2024 consisted primarily of our net loss of $1.3 million and
gain on impairment adjustment of $2.1 million, reduced by certain noncash items, including share-based compensation expense of $0.6 million,
change in fair value of EIB loan guaranty of $0.2 million, and changes in operating assets and liabilities of $0.7 million.

Net
cash used in investing activities

We
used no cash in investing activities during the six months ended June 30, 2025 or 2024.

Net
cash provided by financing activities

Net
cash provided by financing activities for the six months ended June 30, 2025 consists solely of proceeds and payments related to
our short-term insurance financing.

Net
cash provided by financing activities for the six months ended June