Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 613

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 2
Chunk 613
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 Director
     
    August 21, 2025
  
    Victor Chua Kok Hoe

59

OPGEN, INC.

Index to Consolidated Financial Statements

    Report of Independent Registered Public Accounting Firm (PCAOB ID 7116)
     
    F-2  

    Consolidated Balance Sheets
     
    F-5 

    Consolidated Statements of Operations and Comprehensive Income (Loss)
     
    F-6 

    Consolidated Statements of Stockholders’ Equity (Deficit)
     
    F-7 

    Consolidated Statements of Cash Flows
     
    F-8 

    Notes to Consolidated Financial Statements
     
    F-9 

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of OpGen, Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated
balance sheets of OpGen, Inc. and Subsidiaries (the “Company”) as of December 31, 2024 and 2023, and the related consolidated
statements of operations and comprehensive income (loss), stockholders’ equity (deficit) and cash flows for the years then ended
and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated
financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and
2023, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally
accepted in the United States of America.

The Company’s Ability to Continue as
a Going Concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements,
although the Company has historically incurred significant losses from operations and negative cash flows, the Company believes that its
current cash and its access to additional cash under the August 2024 Securities Purchase Agreement will allow the Company to fund operations
in excess of 12 months from the issuance date of its financial statements.

Basis for Opinion

These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United
States) (“PCAOB”) and are required to be independent