Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 87

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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021,321

    Sales and marketing

    12,159

    168,819

    Total operating expenses
     
    $
    1,822,256

    $
    4,272,659

Our total operating expenses for the nine months ended September 30, 2025 decreased approximately 57% when compared to the same period in 2024. Operating expenses changed as follows:

    ·
    Cost of products sold and cost of services: cost of products sold and cost of services for the nine months ended September 30, 2025 decreased 100% when compared to the same period in 2024. The decrease in cost of products sold and cost of services aligns with the decrease in product sales and laboratory services during the nine months ended September 30, 2025, which is due to the Company scaling down its legacy operations and repositioning its business; and

    ·
    Research and development, general and administrative, and sales and marketing: research and development, general and administrative, and sales and marketing expenses decreased approximately 100%, 55%, and 93%, respectively, for the nine months ended September 30, 2025 compared to the same period in 2024. The decreases are primarily attributable to the Company scaling down its legacy operations and repositioning its business.

26

Other income (expense)

    Nine Months Ended September 30,

    2025

    2024

    Interest and other income
     
    $
    324,059

    $
    242,799

    Interest expense

    (8,777
    )

    (4,317
    )
  
    Gain on impairment adjustment

    -

    2,079,575

    Gain on extinguishment of debt

    -

    9,738,487

    Gain on settlement of compensation expenses

    -

    570,785

    Change in fair value of EIB loan guaranty

    -

    (908,586
    )
  
    Foreign currency transaction gains

    103

    463

    Total other income
     
    $
    315,385

    $
    11,719,206

Our total other income for the nine months ended September 30, 2025 consisted primarily of sublease income. Our total other income for the nine months ended September 30, 2024 consisted primarily of the recognition of a gain on extinguishment of debt following the