Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 1242

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 7
Chunk 1242
---
    -

    -

    -

    Share issuance

    5,238

    53

    -

    -

    (53
    )

    -

    -

    -

    Reclassification of preferred stock par value to additional paid-in capital (out of period adjustment; see Note 3)

    -

    -

    -

    (2,498
    )

    2,498

    -

    -

    -

    Elimination of translation adjustments of previously dissolved subsidiaries (out of period adjustment; see Note 3)

    -

    -

    -

    -

    -

    75,138

    -

    75,138

    Net income

    -

    -

    -

    -

    -

    -

    11,992,780

    11,992,780

    Balances at December 31, 2024

    10,070,779

    $
    100,708

    250

    $
    2

    $
    300,780,440

    $
    -

    $
    (293,500,522
    )
     
    $
    7,380,628

See accompanying notes to consolidated financial statements.

F-7

OpGen, Inc.

Consolidated Statements of Cash Flows

    Year Ended December 31,

    2024

    2023

    Cash flows from operating activities:

    Net income (loss)
     
    $
    11,992,780

    $
    (32,668,530
    )
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities:

    Depreciation and amortization

    174,773

    1,318,597

    Noncash interest expense

    -

    1,741,422

    Change in inventory reserve

    (54,830
    )

    797,840

    Stock compensation expense

    602,433

    235,974

    Loss on sale of equipment

    -

    10,288

    Cash bonus taken in the form of stock compensation

    -

    283,554

    Loss on deconsolidation of subsidiaries

    75,138

    12,979,061

    Change in fair value of derivative financial instruments

    -

    (64,259
    )
  
    Change in fair value of EIB loan guaranty

    (10,873,