2022 Q4 Form 10-Q Financial Statement

#000107997322001439 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $721.6K $448.7K $1.239M
YoY Change -49.38% -63.79% 17.26%
Cost Of Revenue $536.0K $1.886M $851.6K
YoY Change -37.48% 121.49% -43.6%
Gross Profit $185.7K -$1.437M $387.5K
YoY Change -67.33% -470.94% -186.12%
Gross Profit Margin 25.73% -320.36% 31.27%
Selling, General & Admin $3.197M $3.052M $3.092M
YoY Change -8.66% -1.29% -6.02%
% of Gross Profit 1721.71% 797.84%
Research & Development $1.552M $2.031M $2.382M
YoY Change -45.64% -14.74% -1.96%
% of Gross Profit 835.96% 614.76%
Depreciation & Amortization $335.2K $329.3K $817.2K
YoY Change -44.74% -59.7% 15.1%
% of Gross Profit 180.53% 210.87%
Operating Expenses $4.714M $5.083M $5.474M
YoY Change -25.82% -7.14% -4.3%
Operating Profit -$4.528M -$13.51M -$5.087M
YoY Change -21.75% 165.67% -17.56%
Interest Expense -$599.2K $569.3K -$970.1K
YoY Change -38.93% -158.68% -35.33%
% of Operating Profit
Other Income/Expense, Net $0.00 -$590.7K $0.00
YoY Change
Pretax Income -$10.54M -$14.10M -$6.057M
YoY Change 55.66% 132.87% -21.14%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.54M -$14.10M -$6.057M
YoY Change 54.66% 132.87% -21.09%
Net Earnings / Revenue -1459.91% -3143.21% -488.79%
Basic Earnings Per Share -$0.30 -$0.16
Diluted Earnings Per Share -$3.86 -$0.30 -$158.3K
COMMON SHARES
Basic Shares Outstanding 53.70M shares 48.33M shares 38.27M
Diluted Shares Outstanding 47.66M shares 38.27M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.440M $10.28M $25.35M
YoY Change -79.38% -59.47% 141.68%
Cash & Equivalents $7.440M $10.28M $25.35M
Short-Term Investments
Other Short-Term Assets $1.356M $1.679M $2.320M
YoY Change 8.45% -27.64% 116.82%
Inventory $3.646M $3.387M $4.332M
Prepaid Expenses
Receivables $514.4K $665.3K $751.1K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.66M $13.39M $29.78M
YoY Change -73.19% -55.03% 99.07%
LONG-TERM ASSETS
Property, Plant & Equipment $3.458M $3.055M $6.317M
YoY Change -13.81% -51.64% 18.73%
Goodwill $7.606M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $495.6K $419.5K $3.536M
YoY Change -10.18% -88.14% 1078.53%
Total Long-Term Assets $15.16M $19.57M $32.51M
YoY Change -52.52% -39.81% 9.31%
TOTAL ASSETS
Total Short-Term Assets $10.66M $13.39M $29.78M
Total Long-Term Assets $15.16M $19.57M $32.51M
Total Assets $25.81M $32.96M $62.29M
YoY Change -63.98% -47.09% 39.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $420.8K $682.6K $1.147M
YoY Change -67.8% -40.48% -7.51%
Accrued Expenses $1.526M $1.047M $3.282M
YoY Change -22.36% -68.11% -43.51%
Deferred Revenue $142.1K
YoY Change
Short-Term Debt $0.00 $8.343M $0.00
YoY Change -100.0%
Long-Term Debt Due $7.024M $8.343M $14.67M
YoY Change -51.62% -43.12% 877.89%
Total Short-Term Liabilities $10.59M $12.01M $19.17M
YoY Change -46.82% -37.33% 122.61%
LONG-TERM LIABILITIES
Long-Term Debt $4.851M $4.110M $6.492M
YoY Change -32.44% -36.7% -64.41%
Other Long-Term Liabilities $129.4K $121.5K $3.331M
YoY Change -11.87% -96.35% 327.11%
Total Long-Term Liabilities $129.4K $121.5K $9.824M
YoY Change -11.87% -98.76% -48.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.59M $12.01M $19.17M
Total Long-Term Liabilities $129.4K $121.5K $9.824M
Total Liabilities $18.24M $19.02M $28.99M
YoY Change -40.11% -34.39% 4.92%
SHAREHOLDERS EQUITY
Retained Earnings -$272.8M -$262.3M
YoY Change 15.83%
Common Stock $29.00K $483.4K
YoY Change -93.76%
Preferred Stock $1.800M
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.576M $13.94M $33.30M
YoY Change
Total Liabilities & Shareholders Equity $25.81M $32.96M $62.29M
YoY Change -63.98% -47.09% 39.35%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$10.54M -$14.10M -$6.057M
YoY Change 54.66% 132.87% -21.09%
Depreciation, Depletion And Amortization $335.2K $329.3K $817.2K
YoY Change -44.74% -59.7% 15.1%
Cash From Operating Activities -$3.995M -$4.754M -$5.131M
YoY Change 5.44% -7.35% -29.03%
INVESTING ACTIVITIES
Capital Expenditures $404.2K -$103.0K -$101.7K
YoY Change -354.48% 1.27%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$404.2K -$103.0K -$101.7K
YoY Change 154.48% 1.27% 917.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.011M -899.3K -167.6K
YoY Change -93.44% 436.51% -104.1%
NET CHANGE
Cash From Operating Activities -3.995M -4.754M -5.131M
Cash From Investing Activities -404.2K -103.0K -101.7K
Cash From Financing Activities 1.011M -899.3K -167.6K
Net Change In Cash -3.388M -5.756M -5.401M
YoY Change -129.55% 6.59% 71.45%
FREE CASH FLOW
Cash From Operating Activities -$3.995M -$4.754M -$5.131M
Capital Expenditures $404.2K -$103.0K -$101.7K
Free Cash Flow -$4.399M -$4.651M -$5.029M
YoY Change 21.18% -7.53% -30.44%

Facts In Submission

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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q1 opgn Public Offering Of Common Stock And Warrants Net Of Issuance Costs
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CY2021Q1 opgn Inducement Expense Related To Warrant Reprice
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CY2021Q1 opgn Common Stock Warrant Exercises Net Of Issuance Costs
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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261548 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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217156 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
33298852 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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241619 usd
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
34171134 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
257403 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-1227142 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-5840415 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
27360980 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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228367 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
989704 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-14103982 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Accretion Expense
AccretionExpense
1973437 usd
us-gaap Accretion Expense
AccretionExpense
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Inventory Lifo Reserve Period Charge
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us-gaap Share Based Compensation
ShareBasedCompensation
727389 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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opgn Inducement Expense Related To Warrant Reprice
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
122572 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
170714 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6975520 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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118755 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
600186 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1891760 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
326820 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
353371 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-519625 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1250476 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
210735 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
186556 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1824765 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-186556 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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opgn Proceeds From Issuance Of Common Stock Warrants
ProceedsFromIssuanceOfCommonStockWarrants
255751 usd
opgn Proceeds From Issuance Of Common Stock And Prefunded Warrants In Registered Offering Net Of S
ProceedsFromIssuanceOfCommonStockAndPrefundedWarrantsInRegisteredOfferingNetOfS
23473962 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
108794 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
989704 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
8697587 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
441076 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
38925 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
236563 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32037452 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-25937037 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11794812 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36632186 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14107255 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10695149 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25902067 usd
us-gaap Interest Paid Net
InterestPaidNet
976324 usd
us-gaap Interest Paid Net
InterestPaidNet
886796 usd
opgn Noncash Or Part Noncash Acquisition Rou Assets Acquired Through Operating Leases
NoncashOrPartNoncashAcquisitionROUAssetsAcquiredThroughOperatingLeases
748294 usd
opgn Inventory Transferred To Property And Equipment
InventoryTransferredToPropertyAndEquipment
559230 usd
opgn Property And Equipment Transferred To Inventory
PropertyAndEquipmentTransferredToInventory
152243 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Use of estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the accompanying unaudited condensed consolidated financial statements, estimates are used for, but not limited to, liquidity assumptions, revenue recognition, inducement expense related to warrant repricing, stock-based compensation, allowances for doubtful accounts and inventory obsolescence, discount rates used to discount unpaid lease payments to present values, valuation of derivative financial instruments measured at fair value on a recurring basis, deferred tax assets and liabilities and related valuation allowance, determining the fair value of assets acquired and liabilities assumed in business combinations, the estimated useful lives of long-lived assets, and the recoverability of long-lived assets. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
419495 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
551794 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36080392 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25352337 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13360463 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
419495 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
551794 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
549730 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
746792 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10695149 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36632186 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25902067 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14107255 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
841859 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
866963 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
47999 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
100801 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2496811 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3744029 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
3386669 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
4711793 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1470649 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
98064 usd
opgn Finished Goods Inventory To Sell Or Use After Balance Sheets Date
FinishedGoodsInventoryToSellOrUseAfterBalanceSheetsDate
12 pure
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15518000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1686211 usd
CY2022Q3 opgn Effects Of Foreign Exchange Rates
EffectsOfForeignExchangeRates
1830755 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12001036 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1371424 usd
CY2021Q4 opgn Effects Of Foreign Exchange Rates
EffectsOfForeignExchangeRates
-383633 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14530209 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
182265 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
212829 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
546795 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
615471 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
168621 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
674484 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
674484 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
674484 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
674484 usd
CY2022Q3 opgn Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
641480 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3456145 usd
CY2022Q3 opgn Finite Lived Intangible Assets Expected Amortization Expense
FiniteLivedIntangibleAssetsExpectedAmortizationExpense
6964182 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7453007 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7453007 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
477487 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6975520 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6975520 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6975520 usd
CY2022Q3 opgn Reduction To Research And Development Expenses Due To Grants
ReductionToResearchAndDevelopmentExpensesDueToGrants
110439 usd
CY2021Q3 opgn Reduction To Research And Development Expenses Due To Grants
ReductionToResearchAndDevelopmentExpensesDueToGrants
190911 usd
opgn Reduction To Research And Development Expenses Due To Grants
ReductionToResearchAndDevelopmentExpensesDueToGrants
324168 usd
opgn Reduction To Research And Development Expenses Due To Grants
ReductionToResearchAndDevelopmentExpensesDueToGrants
564983 usd
CY2022Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
639095 usd
CY2021Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
396365 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10700000 shares
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448713 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1239132 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1885663 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2880463 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448713 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1239132 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1885663 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2880463 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
210735 usd
opgn Deferred Revenue Currency Translation Adjustment
DeferredRevenueCurrencyTranslationAdjustment
-15775 usd
CY2022Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
194960 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
228589 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-54623 usd
opgn Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Effect Of Foreign Exchange Rates
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityEffectOfForeignExchangeRates
-27759 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
146207 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
170714 usd
CY2022Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
14177909 usd
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
25161855 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1726773 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3466491 usd
CY2022Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
12451136 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
21695364 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
8342715 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
14519113 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
4108421 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
7176251 usd
CY2017Q2 us-gaap Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
0.04 pure
CY2019Q2 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
5000000 eur
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
569306 usd
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1222867 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2618799 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
3586018 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48338500 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1714882 shares
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
1030000.00 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
990000 usd
CY2022Q3 opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
228367 usd
CY2021Q3 opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
217156 usd
opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
727389 usd
opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
668374 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
16164183 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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CY2022Q3 us-gaap Operating Lease Liability Noncurrent
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CY2022Q3 opgn Operating And Finance Lease Liability Payments Due Year Two
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CY2022Q3 opgn Operating And Finance Lease Liability Payments Due Year Three
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CY2022Q3 opgn Operating And Finance Lease Liability Payments Due Year Five
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CY2022Q3 opgn Operating And Finance Lease Liability Payments Due After Year Five
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CY2022Q3 opgn Operating And Finance Lease Liability Payments Due
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CY2022Q3 opgn Operating And Finance Lease Liabilities Undiscounted Excess Amount
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CY2022Q3 opgn Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
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CY2022Q3 us-gaap Lease Cost
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CY2021Q3 us-gaap Lease Cost
LeaseCost
277407 usd
us-gaap Lease Cost
LeaseCost
554695 usd
us-gaap Lease Cost
LeaseCost
1157547 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
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CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.093 pure
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044 pure
us-gaap Operating Lease Payments
OperatingLeasePayments
466904 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1672 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
13991 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
236563 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
748294 usd
CY2022Q3 us-gaap Goodwill
Goodwill
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CY2021Q4 us-gaap Deferred Revenue Current
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CY2022Q3 us-gaap Commitments And Contingencies
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CY2022Q3 us-gaap Preferred Stock Value
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CY2022Q3 us-gaap Preferred Stock Shares Issued
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CY2022Q3 us-gaap Preferred Stock Shares Outstanding
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CY2022Q3 us-gaap Operating Lease Impairment Loss
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CY2021Q3 us-gaap Operating Lease Impairment Loss
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us-gaap Operating Lease Impairment Loss
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us-gaap Goodwill Impairment Loss
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CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021Q3 opgn Warrant Inducement Expense
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CY2022Q3 us-gaap Income Tax Expense Benefit
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CY2021Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35373397 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38270250 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46915880 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47656972 shares
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Inventory Lifo Reserve Period Charge
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us-gaap Gains Losses On Extinguishment Of Debt
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opgn Inducement Expense Related To Warrant Reprice
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us-gaap Operating Lease Impairment Loss
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us-gaap Goodwill Impairment Loss
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opgn Proceeds From Issuance Of Common Stock Warrants
ProceedsFromIssuanceOfCommonStockWarrants
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opgn Proceeds From Issuance Of Common Stock And Prefunded Warrants In Registered Offering Net Of S
ProceedsFromIssuanceOfCommonStockAndPrefundedWarrantsInRegisteredOfferingNetOfS
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Proceeds From Issuance Of Common Stock
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opgn Noncash Or Part Noncash Acquisition Rou Assets Acquired Through Operating Leases
NoncashOrPartNoncashAcquisitionROUAssetsAcquiredThroughOperatingLeases
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opgn Inventory Transferred To Property And Equipment
InventoryTransferredToPropertyAndEquipment
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opgn Property And Equipment Transferred To Inventory
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CY2022Q3 us-gaap Goodwill
Goodwill
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CY2022Q3 us-gaap Goodwill
Goodwill
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CY2021Q4 us-gaap Deferred Revenue Current
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CY2021Q3 us-gaap Operating Lease Impairment Loss
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001293818
dei Entity Registrant Name
EntityRegistrantName
OPGEN, INC.

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