Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 35

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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    -

    -

    Research and development

    -

    488

    General and administrative

    701,915

    768,551

    Sales and marketing

    270

    14,846

    Total operating expenses
     
    $
    702,185

    $
    783,885

Our total operating expenses for the three months ended September 30, 2025 decreased approximately 10% when compared to the same period in 2024. Operating expenses changed as follows:

    ●
    Cost of products sold and cost of services: we had no cost of products sold or cost of services for the three months ended September 30, 2025 and 2024 as we had no products sales or laboratory services in those periods 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%, 9%, and 98%, respectively, for the three months ended September 30, 2025 compared to the same period in 2024. The decreases are primarily attributable to the Company continuing to scale down its legacy operations and reposition its business.

Other income (expense)

    Three Months Ended September 30,

    2025

    2024

    Interest and other income
     
    $
    97,371

    $
    92,131

    Interest expense

    (3,916
    )

    (3,238
    )
  
    Gain on extinguishment of debt

    -

    9,738,487

    Gain on settlement of compensation expenses

    -

    570,785

    Change in fair value of EIB loan guaranty

    -

    (683,200
    )
  
    Foreign currency transaction losses

    -

    (2
    )
  
    Total other income (expense)
     
    $
    93,455

    $
    9,714,963

Our total other income for the three months ended September 30, 2025 consisted primarily of sublease income. Our total other expense for the three months ended September 30, 2024 consisted primarily of the recognition of a gain on extinguishment of debt following the Company’s settlement of the EIB loan guaranty in August 2024, the recognition of a gain on settlement