Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 19

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 to its repositioning, the Company provided diagnostic test products and laboratory services to hospitals, clinical laboratories and other healthcare providing customers. The revenues by type of service consist of the following:

    Schedule of revenues by type of service

    Three Months Ended  September 30,

    Nine Months Ended September 30,

    2025

    2024

    2025

    2024

    Product sales
     
    $
    -

    $
    -

    $
    -

    $
    169,373

    Laboratory services

    -

    -

    -

    26,776

    Listing sponsorship services

    -

    -

    4,000,000

    -

    Total revenue
     
    $
    -

    $
    -

    $
    4,000,000

    $
    196,149

Revenues by geography are as follows:

    Schedule of revenues by geography

    Three Months Ended  September 30,

    Nine Months Ended September 30,

    2025

    2024

    2025

    2024

    Domestic
     
    $
    -

    $
    -

    $
    -

    $
    196,149

    International

    -

    -

    4,000,000

    -

    Total revenue
     
    $
    -

    $
    -

    $
    4,000,000

    $
    196,149

    14

Deferred revenue

Changes in deferred revenue
for the nine months ended September 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 September 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: