$OPGN
OPGEN INC Stock $opgn

$opgn Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000114420416118347 Filed on August 11, 2016

Income Statement

Concept	2016 Q3	2016 Q2	2015 Q2
Revenue	$759.7K	$1.183M	$375.1K
YoY Change	-22.55%	215.3%	-65.01%
Cost Of Revenue	$51.80K	$161.2K	$54.79K
YoY Change	-90.79%	194.23%	-60.95%
Gross Profit	$707.9K	$1.022M	$320.4K
YoY Change	90.56%	218.9%	-65.62%
Gross Profit Margin	93.18%	86.37%	85.39%
Selling, General & Admin	$2.935M	$3.366M	$2.326M
YoY Change	13.28%	44.7%	117.44%
% of Gross Profit	414.58%	329.45%	726.07%
Research & Development	$2.179M	$2.334M	$999.7K
YoY Change	26.37%	133.43%	-19.84%
% of Gross Profit	307.8%	228.42%	312.06%
Depreciation & Amortization	$160.0K	$160.0K	$100.0K
YoY Change	-13.6%	60.0%	-37.5%
% of Gross Profit	22.6%	15.66%	31.22%
Operating Expenses	$5.113M	$6.197M	$3.429M
YoY Change	1.75%	80.75%	35.94%
Operating Profit	-$4.806M	-$5.015M	-$3.054M
YoY Change	3.26%	64.22%	110.6%
Interest Expense	$41.42K	$26.65K	$1.500M
YoY Change	136.95%	-98.22%	21529.42%
% of Operating Profit
Other Income/Expense, Net	-$42.07K	-$38.29K	-$2.305M
YoY Change	181.04%	-98.34%	33359.43%
Pretax Income	-$4.848M	-$5.050M	-$5.360M
YoY Change	3.83%	-5.78%	267.12%
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$4.848M	-$5.053M	-$5.359M
YoY Change	3.79%	-5.7%	267.82%
Net Earnings / Revenue	-638.13%	-427.19%	-1428.4%
Basic Earnings Per Share
Diluted Earnings Per Share	-$121.2M	-$168.3M	-$178.7M
COMMON SHARES
Basic Shares Outstanding	21.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q3	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.260M	$8.030M	$10.22M
YoY Change	-61.93%	-21.43%
Cash & Equivalents	$4.261M	$8.025M	$10.22M
Short-Term Investments
Other Short-Term Assets	$480.0K	$560.0K	$490.0K
YoY Change	-11.11%	14.29%
Inventory	$830.0K	$844.3K	$347.5K
Prepaid Expenses
Receivables	$450.0K	$871.6K	$214.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$6.020M	$10.30M	$11.27M
YoY Change	-55.19%	-8.56%
LONG-TERM ASSETS
Property, Plant & Equipment	$860.0K	$922.2K	$483.1K
YoY Change	-15.85%	90.86%
Goodwill		$600.8K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$270.5K	$270.4K	$46.38K
YoY Change	-6.74%	483.04%
Total Long-Term Assets	$3.556M	$3.548M	$529.5K
YoY Change	-0.27%	570.09%
TOTAL ASSETS
Total Short-Term Assets	$6.020M	$10.30M	$11.27M
Total Long-Term Assets	$3.556M	$3.548M	$529.5K
Total Assets	$9.576M	$13.85M	$11.80M
YoY Change	-43.67%	17.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.936M	$1.901M	$1.116M
YoY Change	52.44%	70.35%
Accrued Expenses	$1.155M	$797.1K	$583.9K
YoY Change	-44.19%	36.52%
Deferred Revenue
YoY Change
Short-Term Debt	$1.100M	$179.6K	$0.00
YoY Change
Long-Term Debt Due	$210.0K	$230.0K	$120.0K
YoY Change	-8.7%	91.67%
Total Short-Term Liabilities	$5.694M	$4.159M	$2.758M
YoY Change	52.46%	50.79%
LONG-TERM LIABILITIES
Long-Term Debt	$180.0K	$1.220M	$210.0K
YoY Change	-86.36%	480.95%
Other Long-Term Liabilities	$420.0K	$530.0K
YoY Change
Total Long-Term Liabilities	$600.0K	$1.750M	$210.0K
YoY Change	-54.55%	733.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.694M	$4.159M	$2.758M
Total Long-Term Liabilities	$600.0K	$1.750M	$210.0K
Total Liabilities	$6.300M	$5.910M	$2.969M
YoY Change	24.76%	99.07%
SHAREHOLDERS EQUITY
Retained Earnings		-$123.7M	-$104.7M
YoY Change		18.1%
Common Stock			$107.2K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.280M	$7.945M	$8.828M
YoY Change
Total Liabilities & Shareholders Equity	$9.580M	$13.85M	$11.80M
YoY Change	-43.64%	17.41%

Cashflow Statement

Concept	2016 Q3	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	-$4.848M	-$5.053M	-$5.359M
YoY Change	3.79%	-5.7%	267.82%
Depreciation, Depletion And Amortization	$160.0K	$160.0K	$100.0K
YoY Change	-13.6%	60.0%	-37.5%
Cash From Operating Activities	-$3.580M	-$5.490M	-$2.860M
YoY Change	-44.84%	91.96%	121.71%
INVESTING ACTIVITIES
Capital Expenditures	-$40.00K	-$50.00K	-$20.00K
YoY Change	-33.33%	150.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change	-100.0%
Cash From Investing Activities	-$40.00K	-$50.00K	-$20.00K
YoY Change	-103.05%	150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-140.0K	9.590M	12.46M
YoY Change	-102.27%	-23.03%	2442.86%
NET CHANGE
Cash From Operating Activities	-3.580M	-5.490M	-2.860M
Cash From Investing Activities	-40.00K	-50.00K	-20.00K
Cash From Financing Activities	-140.0K	9.590M	12.46M
Net Change In Cash	-3.760M	4.050M	9.580M
YoY Change	-483.67%	-57.72%	-1297.5%
FREE CASH FLOW
Cash From Operating Activities	-$3.580M	-$5.490M	-$2.860M
Capital Expenditures	-$40.00K	-$50.00K	-$20.00K
Free Cash Flow	-$3.540M	-$5.440M	-$2.840M
YoY Change	-44.95%	91.55%	120.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	871564	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	561693	USD
CY2015Q4	us-gaap	Inventory Net InventoryNet	826012	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	844272	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	678646	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7814220	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8025023	USD
CY2016Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	131412003	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	125477	USD
	opgn	Laboratory Services Revenue LaboratoryServicesRevenue	159094	USD
	opgn	Laboratory Services Revenue LaboratoryServicesRevenue	63436	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	270412	USD
CY2015Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	50925	USD
CY2016Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	995833	USD
CY2015Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	993750	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	23094	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1074710	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	922157	USD
CY2015Q4	us-gaap	Assets Current AssetsCurrent	9885117	USD
CY2016Q2	us-gaap	Assets Current AssetsCurrent	10302552	USD
CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	797056	USD
CY2015Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	920286	USD
CY2016Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	105767	USD
CY2016Q2	us-gaap	Assets Assets	13850841	USD
CY2015Q4	us-gaap	Assets Assets	13756496	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4590073	USD
CY2015Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1081270	USD
CY2016Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	942636	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2285792	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	4158694	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13756496	USD
CY2016Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-672	USD
CY2016Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	1900844	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13850841	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1888814	USD
CY2016Q2	us-gaap	Goodwill Goodwill	600814	USD
CY2015Q4	us-gaap	Goodwill Goodwill	637528	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	7491046	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	7944508	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-114124366	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-123683448	USD
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	121490994	USD
CY2015Q4	us-gaap	Liabilities Liabilities	6265450	USD
	us-gaap	Revenues Revenues	2259459	USD
	us-gaap	Revenues Revenues	847346	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	682987	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	163620	USD
	us-gaap	Cost Of Services CostOfServices	476931	USD
	us-gaap	Cost Of Services CostOfServices	150224	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4287013	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2108301	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	270327	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	527528	USD
CY2015Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	352985	USD
	us-gaap	Sales Revenue Goods Gross SalesRevenueGoodsGross	503350	USD
	opgn	Collaborations Revenue CollaborationsRevenue	125000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-5584206	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3315100	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2079611	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2987988	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-9490560	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.74
	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-647342	USD
	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	0	USD
	us-gaap	Interest Expense InterestExpense	1729371	USD
	us-gaap	Interest Expense InterestExpense	68383	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-7953757	USD
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	3562	USD
	us-gaap	Operating Expenses OperatingExpenses	6431552	USD
	us-gaap	Operating Expenses OperatingExpenses	11750019	USD
CY2015Q2	us-gaap	Sales Revenue Goods Gross SalesRevenueGoodsGross	319171	USD
CY2016Q2	opgn	Laboratory Services Revenue LaboratoryServicesRevenue	29674	USD
CY2015Q2	opgn	Laboratory Services Revenue LaboratoryServicesRevenue	28195	USD
CY2016Q2	opgn	Collaborations Revenue CollaborationsRevenue	125000	USD
CY2016Q2	us-gaap	Cost Of Services CostOfServices	161222	USD
CY2015Q2	opgn	Collaborations Revenue CollaborationsRevenue	27780	USD
CY2016Q2	us-gaap	Revenues Revenues	1182820	USD
CY2015Q2	us-gaap	Revenues Revenues	375146	USD
CY2016Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	337020	USD
CY2015Q2	us-gaap	Cost Of Services CostOfServices	54794	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2333584	USD
CY2015Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	999699	USD
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3487734	shares
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1588553	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-5014613	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-3053564	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-68520	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2369551	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8198265	USD
	us-gaap	Net Income Loss NetIncomeLoss	-9559080	USD
	us-gaap	Net Income Loss NetIncomeLoss	-7953757	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	387	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	0	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-9558693	USD
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	0	USD
CY2016Q2	us-gaap	Sales Revenue Goods Gross SalesRevenueGoodsGross	1028146	USD
CY2015Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6449108	shares
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-38289	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2305020	USD
CY2016Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.38
CY2015Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	48231	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-5052902	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	-5358584	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-5385452	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-5431351	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1777054	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1420219	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-2.35
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-9891630	USD
CY2015Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	0	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	0	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	308042	USD
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-385024	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	26649	USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	3428710	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	6197433	USD
CY2015Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	905767	USD
CY2016Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	14522097	shares
CY2015Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.84
CY2015Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-679173	USD
CY2016Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	0	USD
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	238426	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	204895	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	750000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	191394	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-289940	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-93999	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-56912	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	55358	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	9542658	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	14073585	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	54842	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-104663	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-41286	USD
	us-gaap	Interest Paid InterestPaid	203163	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	0	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	527896	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	210803	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	9466292	USD
CY2016Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	1498	USD
CY2015Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	0	USD
	opgn	Proceeds From Stock Options And Warrant Exercises ProceedsFromStockOptionsAndWarrantExercises	23512	USD
	opgn	Proceeds From Stock Options And Warrant Exercises ProceedsFromStockOptionsAndWarrantExercises	102	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5051404	USD
CY2015Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5358584	USD
CY2016Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-7766	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	121170	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10215809	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	749517	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	3103	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	109454	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-4056	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	910691	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-9285141	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-4581620	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	49817	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	25328	USD
	opgn	Proceeds From Issuance Of Convertible Debt And Warrants Net ProceedsFromIssuanceOfConvertibleDebtAndWarrantsNet	0	USD
	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	0	USD
	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	76745	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	25673	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-49817	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-25673	USD
	us-gaap	Inventory Write Down InventoryWriteDown	91426	USD
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	15831	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-6308	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	USD
CY2016Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	243380	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	15596	USD
CY2016Q2	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	637716	USD
	us-gaap	Other Noncash Expense OtherNoncashExpense	2083	USD
	us-gaap	Other Noncash Expense OtherNoncashExpense	1525849	USD
CY2015Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	150369	USD
CY2016Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	160840	USD
CY2015Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	313117	USD
CY2016Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	682476	USD
CY2015Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	591051	USD
	opgn	Proceeds From Issuance Of Convertible Debt And Warrants Net ProceedsFromIssuanceOfConvertibleDebtAndWarrantsNet	-1388815	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	329969	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	268000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	207227	USD
	us-gaap	Interest Paid InterestPaid	28777	USD
CY2016Q2	opgn	Fdic Limit Of Insurable Cash FdicLimitOfInsurableCash	250000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	133908	USD
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-2.78
CY2015Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1347424	USD
CY2015Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-7547328	USD
CY2015Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-1.07
	dei	Trading Symbol TradingSymbol	OPGN
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	0	USD
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2309428	shares
CY2016Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	179567	USD
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	1.41
CY2016Q2	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	332550	USD
CY2015Q2	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	72767	USD
	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	332550	USD
	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	244508	USD
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	0	USD
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	12142526	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	21666489	shares
	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	9460749	USD
	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	0	USD
	us-gaap	Debt Conversion Original Debt Amount1 DebtConversionOriginalDebtAmount1	0	USD
	us-gaap	Debt Conversion Original Debt Amount1 DebtConversionOriginalDebtAmount1	3000000	USD
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	0	USD
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	8183661	USD
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	2309428	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q3	us-gaap	Deferred Tax Assets Tax Credit Carryforwards Foreign DeferredTaxAssetsTaxCreditCarryforwardsForeign	4300000	USD
CY2015Q3	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	100000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	2777110	USD
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-11344367	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	68383	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	1729371	USD
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2015Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	1500000	USD
CY2015Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	71421	USD
CY2015Q2	opgn	Proceeds From Issuance Of Units Under Initial Public Offering Gross ProceedsFromIssuanceOfUnitsUnderInitialPublicOfferingGross	17100000	USD
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19353126	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	502389	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	380641	USD
	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	142935	USD
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	67775	USD
	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	160089	USD
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	125798	USD
	dei	Entity Registrant Name EntityRegistrantName	OPGEN INC
	dei	Entity Central Index Key EntityCentralIndexKey	0001293818
	dei	Document Type DocumentType	10-Q
CY2016Q2	opgn	Future Minimum Royalty Payments Due FutureMinimumRoyaltyPaymentsDue	270000	USD
	opgn	Royalty Income Expense RoyaltyIncomeExpense	-145802	USD
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19353126	shares
CY2016Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2013000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	258094	USD
CY2016Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.1
	us-gaap	Use Of Estimates UseOfEstimates	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Use of estimates</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" 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 condensed consolidated financial statements, estimates are used for, but not limited to, share-based compensation, allowances for doubtful accounts and inventory obsolescence, valuation of derivative financial instruments, beneficial conversion features of convertible debt, deferred tax assets and liabilities and related valuation allowance, and depreciation and amortization and estimated useful lives of long-lived assets, and the recoverability of long-lived assets. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	12547684	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12547684	shares
CY2016Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	266399	USD
CY2015Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	320148	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	527896	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	910691	USD
CY2016Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	66954	USD
CY2016Q2	us-gaap	Revenue Recognition Milestone Method Revenue Recognized RevenueRecognitionMilestoneMethodRevenueRecognized	125000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	16300000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5400000	shares
CY2016Q2	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	66865	USD
CY2015Q2	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	55907	USD
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1344150	shares
CY2016Q2	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	0	USD
CY2015Q2	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	42282	USD
	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	90212	USD
	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	29706	USD
CY2016Q2	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	45106	USD
CY2015Q2	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	14853	USD
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber	10506524	shares
CY2015Q2	opgn	Stock And Warrants Issued During Period Shares Initial Public Offering Purchase Price Per Unit StockAndWarrantsIssuedDuringPeriodSharesInitialPublicOfferingPurchasePricePerUnit	6.00
CY2015Q2	opgn	Royalty Income Expense RoyaltyIncomeExpense	44526	USD
CY2016Q2	opgn	Number Of License Agreements NumberOfLicenseAgreements	3	pure
CY2015Q2	us-gaap	Licenses Revenue LicensesRevenue	75948	USD
	us-gaap	Licenses Revenue LicensesRevenue	0	USD
CY2016Q2	us-gaap	Licenses Revenue LicensesRevenue	0	USD
CY2015Q4	us-gaap	Goodwill Period Increase Decrease GoodwillPeriodIncreaseDecrease	345781	USD
CY2016Q1	us-gaap	Goodwill Period Increase Decrease GoodwillPeriodIncreaseDecrease	36714	USD
CY2016Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	26649	USD
CY2015Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	1623974	USD
	opgn	Royalty Income Expense RoyaltyIncomeExpense	21221	USD
CY2015Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	243380	USD
CY2016Q2	opgn	Royalty Income Expense RoyaltyIncomeExpense	-75948	USD
CY2015Q2	opgn	Proceeds From Issuance Of Units Under Initial Public Offering Net ProceedsFromIssuanceOfUnitsUnderInitialPublicOfferingNet	12100000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	124186	USD
CY2016Q2	opgn	Long Term Capital Lease Obligation And Other Noncurrent Liabilities LongTermCapitalLeaseObligationAndOtherNoncurrentLiabilities	224278	USD
CY2015Q4	opgn	Long Term Capital Lease Obligation And Other Noncurrent Liabilities LongTermCapitalLeaseObligationAndOtherNoncurrentLiabilities	328642	USD
CY2016Q2	opgn	Interest And Other Income Expense InterestAndOtherIncomeExpense	-3874	USD
CY2015Q2	opgn	Interest And Other Income Expense InterestAndOtherIncomeExpense	7127	USD
	opgn	Interest And Other Income Expense InterestAndOtherIncomeExpense	-3699	USD
	opgn	Interest And Other Income Expense InterestAndOtherIncomeExpense	7162	USD
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	2309428	shares
	opgn	Convertible Preferred Stock Beneficial Conversion Feature Recognized As Deemed Dividend ConvertiblePreferredStockBeneficialConversionFeatureRecognizedAsDeemedDividend	332550	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1374150	shares
CY2015Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	90300000	USD
CY2015Q2	opgn	Proceeds From Issuance Initial Public Offering Gross ProceedsFromIssuanceInitialPublicOfferingGross	17100000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2013000	USD

Files In Submission

Name	View Source	Status
0001144204-16-118347-index-headers.html	Edgar Link	pending
0001144204-16-118347-index.html	Edgar Link	pending
0001144204-16-118347.txt	Edgar Link	pending
0001144204-16-118347-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image_002.jpg	Edgar Link	pending
opgn-20160630.xml	Edgar Link	completed
opgn-20160630.xsd	Edgar Link	pending
opgn-20160630_cal.xml	Edgar Link	unprocessable
opgn-20160630_def.xml	Edgar Link	unprocessable
opgn-20160630_lab.xml	Edgar Link	unprocessable
opgn-20160630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v445180_10q.htm	Edgar Link	pending
v445180_ex10-5.htm	Edgar Link	pending
v445180_ex31-1.htm	Edgar Link	pending
v445180_ex31-2.htm	Edgar Link	pending
v445180_ex32-1.htm	Edgar Link	pending

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$OPGN
OPGEN INC Stock $opgn

2016 Q3 Form 10-Q Financial Statement

#000114420416118347 Filed on August 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OPGN OPGEN INC Stock $opgn

2016 Q3 Form 10-Q Financial Statement

#000114420416118347 Filed on August 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OPGN
OPGEN INC Stock $opgn