Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 85

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 2
Chunk 85
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 as OpGen’s wholly-owned subsidiary, the Company’s cost of sales will primarily be subcontractor and advisor fees and technology infrastructure costs associated with providing our services. Research and development expenses consist of fees to expand and innovate CapForce’s digital investment banking platform, and selling, general, and administrative expenses continue to consist of public company costs, salaries, and related costs for administrative and business development purposes.

24

Results of operations for the three months ended September 30, 2025 and 2024

Revenues

We did not generate any revenues in the three months ended September 30, 2025 and 2024.

Operating expenses

    Three Months Ended September 30,

    2025

    2024

    Cost of products sold
     
    $
    -

    $
    -

    Cost of services

    -

    -

    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

    -