Company: OPGN
Filing Date: 2025-10-01
Form Type: 10-Q
Source: 0001829126-25-007819
Chunk: 0

Company: OPGEN INC
Filing Date: 2025-10-01
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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OpGen, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(unaudited)

    March 31, 2025

    December 31, 2024

    Assets

    Current assets:

    Cash and cash equivalents
     
    $
    1,112,781

    $
    1,310,653

    Accounts receivable, net

    34,096

    29,258

    Prepaid expenses and other current assets

    1,091,639

    1,309,316

    Total current assets

    2,238,516

    2,649,227

    Property and equipment, net

    1,041,593

    1,079,275

    Operating lease right-of-use assets

    817,377

    825,665

    Investment in equity securities

    5,000,000

    5,000,000

    Deferred offering costs

    6,269

    6,269

    Intangible assets, net

    12,500

    -

    Restricted cash

    302,262

    302,262

    Total assets
     
    $
    9,418,517

    $
    9,862,698

    Liabilities and Stockholders’ Equity

    Current liabilities:

    Accounts payable
     
    $
    311,637

    $
    245,196

    Accrued compensation and benefits

    19,710

    62,907

    Accrued liabilities

    51,539

    62,074

    Short-term insurance financing

    -

    90,278

    Current portion of operating lease liabilities

    180,601

    173,726

    Total current liabilities

    563,487

    634,181

    Operating lease liabilities, net of current portion

    1,800,827

    1,847,889

    Total liabilities

    2,364,314

    2,482,070

    Commitments and Contingencies (Note 9)

    Stockholders’ equity:

    Series D Preferred stock, $0.01 par value; 10,000,000 shares authorized; 250 shares issued and outstanding at March 31, 2025 and December 31, 2024