$OPGN
OPGEN INC

2019 Q4 Form 10-Q Financial Statement

#000156459019043515 Filed on November 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $820.0K $648.2K $1.010M
YoY Change 7.89% 17.38% 27.97%
Cost Of Revenue $360.0K $460.0K $450.0K
YoY Change -21.74% 17.95% -6.25%
Gross Profit $460.0K $190.0K $560.0K
YoY Change 53.33% 18.75% 80.65%
Gross Profit Margin 56.1% 29.31% 55.47%
Selling, General & Admin $1.670M $1.938M $1.986M
YoY Change -21.23% -7.95% -12.0%
% of Gross Profit 363.04% 1019.82% 354.72%
Research & Development $1.050M $1.139M $1.154M
YoY Change -43.55% -11.42% -11.56%
% of Gross Profit 228.26% 599.67% 206.0%
Depreciation & Amortization $230.0K $240.0K $230.0K
YoY Change 4.55% 26.32% 43.75%
% of Gross Profit 50.0% 126.32% 41.07%
Operating Expenses $2.720M $3.077M $3.140M
YoY Change -31.66% -9.27% -11.84%
Operating Profit -$2.260M -$3.425M -$2.581M
YoY Change -38.59% 6.04% -20.73%
Interest Expense -$50.00K $49.10K $37.13K
YoY Change 0.0% 74.89% -31.91%
% of Operating Profit
Other Income/Expense, Net $30.00K -$57.01K -$12.08K
YoY Change 125.99% -84.16%
Pretax Income -$2.520M -$3.482M -$2.593M
YoY Change -32.44% 6.97% -22.18%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.520M -$3.482M -$2.593M
YoY Change -32.44% 6.97% -22.18%
Net Earnings / Revenue -307.32% -537.23% -256.85%
Basic Earnings Per Share
Diluted Earnings Per Share -$595.7K -$3.955M -$2.943M
COMMON SHARES
Basic Shares Outstanding 5.582M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.710M $630.0K $3.060M
YoY Change -40.7% -86.71% -58.82%
Cash & Equivalents $2.708M $626.4K $3.056M
Short-Term Investments
Other Short-Term Assets $400.0K $530.0K $180.0K
YoY Change 37.93% 15.22% -66.04%
Inventory $473.0K $468.4K $567.4K
Prepaid Expenses
Receivables $567.8K $377.3K $772.9K
Other Receivables $2.520M $0.00 $0.00
Total Short-Term Assets $6.667M $2.005M $4.575M
YoY Change 15.29% -66.79% -49.67%
LONG-TERM ASSETS
Property, Plant & Equipment $130.8K $201.8K $197.5K
YoY Change -89.3% -82.46% -78.76%
Goodwill $600.8K $600.8K $600.8K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $203.3K $426.6K $241.2K
YoY Change -21.62% 52.37% -16.83%
Total Long-Term Assets $3.755M $4.425M $4.358M
YoY Change 18.54% 39.09% 43.34%
TOTAL ASSETS
Total Short-Term Assets $6.667M $2.005M $4.575M
Total Long-Term Assets $3.755M $4.425M $4.358M
Total Assets $10.42M $6.430M $8.932M
YoY Change 16.44% -30.26% -26.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.056M $1.873M $1.259M
YoY Change -34.96% 80.07% -1.65%
Accrued Expenses $1.047M $1.041M $820.7K
YoY Change 16.04% -47.71% -63.53%
Deferred Revenue $9.808K $9.808K $9.993K
YoY Change -38.02% -4.99% -29.24%
Short-Term Debt $373.6K $508.3K $343.3K
YoY Change -6.27%
Long-Term Debt Due $950.0K $1.140M $920.0K
YoY Change 18.75% 37.35% 27.78%
Total Short-Term Liabilities $4.939M $6.434M $5.159M
YoY Change 12.72% 66.69% 20.81%
LONG-TERM LIABILITIES
Long-Term Debt $640.0K $740.0K $870.0K
YoY Change -41.82% -34.51% -29.27%
Other Long-Term Liabilities $550.0K $810.0K $1.070M
YoY Change 243.75% 305.0% 365.22%
Total Long-Term Liabilities $1.190M $1.550M $1.940M
YoY Change -5.56% 16.54% 32.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.939M $6.434M $5.159M
Total Long-Term Liabilities $1.190M $1.550M $1.940M
Total Liabilities $6.128M $7.987M $7.105M
YoY Change 8.63% 53.89% 24.0%
SHAREHOLDERS EQUITY
Retained Earnings -$174.5M -$172.0M -$168.5M
YoY Change 7.68%
Common Stock $55.82K $8.823K $176.5K
YoY Change 1191.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.293M -$1.557M $1.827M
YoY Change
Total Liabilities & Shareholders Equity $10.42M $6.430M $8.932M
YoY Change 16.44% -30.26% -26.36%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$2.520M -$3.482M -$2.593M
YoY Change -32.44% 6.97% -22.18%
Depreciation, Depletion And Amortization $230.0K $240.0K $230.0K
YoY Change 4.55% 26.32% 43.75%
Cash From Operating Activities -$3.450M -$2.240M -$2.830M
YoY Change 28.25% -20.57% -15.02%
INVESTING ACTIVITIES
Capital Expenditures $40.00K -$50.00K -$10.00K
YoY Change -136.36% 25.0%
Acquisitions
YoY Change
Other Investing Activities -$2.500M $0.00 $30.00K
YoY Change
Cash From Investing Activities -$2.460M -$40.00K $10.00K
YoY Change 2136.36% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.000M -150.0K -130.0K
YoY Change 205.34% -193.75% -128.89%
NET CHANGE
Cash From Operating Activities -3.450M -2.240M -2.830M
Cash From Investing Activities -2.460M -40.00K 10.00K
Cash From Financing Activities 8.000M -150.0K -130.0K
Net Change In Cash 2.090M -2.430M -2.950M
YoY Change -1261.11% -10.0% 2.43%
FREE CASH FLOW
Cash From Operating Activities -$3.450M -$2.240M -$2.830M
Capital Expenditures $40.00K -$50.00K -$10.00K
Free Cash Flow -$3.490M -$2.190M -$2.820M
YoY Change 35.27% -21.22% -15.32%

Facts In Submission

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OPGEN INC
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dei Entity Tax Identification Number
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9628660
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1400997
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
238190
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
213890
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
18113
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-3332213
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
6398765
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
206651
us-gaap Share Based Compensation
ShareBasedCompensation
658731
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9904
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5253
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-67
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8070
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5173
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-492444
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-74449
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3179
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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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
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4541
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7419
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2830335
CY2018Q3 opgn Stock Issued During Period Value Interest Settlement
StockIssuedDuringPeriodValueInterestSettlement
272609
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
4029551
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-4950
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-2593011
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1827003
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
91167
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
7298
us-gaap Profit Loss
ProfitLoss
-9928565
us-gaap Profit Loss
ProfitLoss
-9635722
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
687107
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
508162
us-gaap Accretion Expense
AccretionExpense
2659
us-gaap Accretion Expense
AccretionExpense
108011
us-gaap Share Based Compensation
ShareBasedCompensation
275171
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
164346
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
314559
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-493971
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-55871
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
174560
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6016
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14119
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8055962
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8376394
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72607
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41910
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
29250
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10440
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43357
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31470
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4782509
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
597743
opgn Net Proceeds From Issuance Of Common Stock And Warrants
NetProceedsFromIssuanceOfCommonStockAndWarrants
0
opgn Net Proceeds From Issuance Of Common Stock And Warrants
NetProceedsFromIssuanceOfCommonStockAndWarrants
10728132
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
470519
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
381253
us-gaap Repayments Of Debt
RepaymentsOfDebt
694156
us-gaap Repayments Of Debt
RepaymentsOfDebt
299256
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
389501
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
177092
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4169371
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11230780
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4737207
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2090551
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
811800
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4920886
us-gaap Interest Paid Net
InterestPaidNet
170608
us-gaap Interest Paid Net
InterestPaidNet
32442
opgn Noncash Or Part Noncash Acquisition Rou Assets Acquired Through Finance Leases
NoncashOrPartNoncashAcquisitionROUAssetsAcquiredThroughFinanceLeases
528413
opgn Noncash Or Part Noncash Acquisition Rou Assets Acquired Through Finance Leases
NoncashOrPartNoncashAcquisitionROUAssetsAcquiredThroughFinanceLeases
585278
us-gaap Stock Issued1
StockIssued1
0
us-gaap Stock Issued1
StockIssued1
272610
opgn Conversion Of Accounts Payable To Finance Lease
ConversionOfAccountsPayableToFinanceLease
63600
opgn Conversion Of Accounts Payable To Finance Lease
ConversionOfAccountsPayableToFinanceLease
156775
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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, 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, the estimated useful lives of long-lived assets, and the recoverability of long-lived assets. Actual results could differ from those estimates.</p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2019Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
185380
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
164720
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4735506
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1847171
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
185380
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
164720
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
185380
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
243380
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
811800
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4737207
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4920886
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2090551
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18309
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18332
CY2019Q3 opgn Number Of Individual Customers Accounting For More Than Ten Percent Of Revenue
NumberOfIndividualCustomersAccountingForMoreThanTenPercentOfRevenue
1
CY2018Q3 opgn Number Of Individual Customers Accounting For More Than Ten Percent Of Revenue
NumberOfIndividualCustomersAccountingForMoreThanTenPercentOfRevenue
0
opgn Number Of Individual Customers Accounting For More Than Ten Percent Of Revenue
NumberOfIndividualCustomersAccountingForMoreThanTenPercentOfRevenue
1
opgn Number Of Individual Customers Accounting For More Than Ten Percent Of Revenue
NumberOfIndividualCustomersAccountingForMoreThanTenPercentOfRevenue
1
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
279055
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1128294
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
536819
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
40080
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1984248
CY2019Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2200000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2500000
opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
658731
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
107
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
143
CY2019Q3 opgn Number Of Individual Customers Accounting For More Than Ten Percent Of Accounts Receivable
NumberOfIndividualCustomersAccountingForMoreThanTenPercentOfAccountsReceivable
1
CY2018Q4 opgn Number Of Individual Customers Accounting For More Than Ten Percent Of Accounts Receivable
NumberOfIndividualCustomersAccountingForMoreThanTenPercentOfAccountsReceivable
1
CY2019Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
292271
CY2018Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
368438
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
14676
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
58402
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
161427
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
116907
CY2019Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
129345
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
71270
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2013000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1128496
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2013000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
927634
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66954
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66954
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200862
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200862
CY2019Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2018Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6016
CY2019Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
500000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P6M
opgn Fair Value Assets Between Levels Transfers Amount
FairValueAssetsBetweenLevelsTransfersAmount
0
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
on August 22, 2019, the Company filed an amendment to its Amended and Restated Certificate of Incorporation to affect a reverse stock split of the issued and outstanding shares of common stock, at a ratio of one share for twenty shares. All share amounts and per share prices in this Quarterly Report have been adjusted to reflect the reverse stock split.
CY2019Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.05
CY2019Q3 opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
91167
CY2018Q3 opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
206651
opgn Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
275171
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9936
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
499
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
499
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
175990
CY2019Q3 opgn Lease Right Of Use Asset
LeaseRightOfUseAsset
2310954
CY2019Q3 opgn Lease Liability
LeaseLiability
2839357
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
183614
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1800634
CY2019Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
180753
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
633130
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
270043
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
41961
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3364
CY2019Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
280
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1129531
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
90808
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1038723
CY2019Q3 opgn Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
459808
CY2019Q3 opgn Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
3113779
CY2019Q3 opgn Operating And Finance Lease Liabilities Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilitiesUndiscountedExcessAmount
274422
CY2019Q3 opgn Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
2839357
CY2019Q3 us-gaap Lease Cost
LeaseCost
359821
CY2019Q3 opgn Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
806862
us-gaap Lease Cost
LeaseCost
1045883
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.100
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.092
CY2019Q3 opgn Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
1761424
us-gaap Operating Lease Payments
OperatingLeasePayments
655963
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
60482
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
592014
CY2018Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
1615679
CY2018Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
1534204
CY2018Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
639829
CY2018Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
40080
CY2018Q4 us-gaap Contractual Obligation
ContractualObligation
3829792
CY2019Q3 opgn Royalty Income Expense
RoyaltyIncomeExpense
-62500
CY2018Q3 opgn Royalty Income Expense
RoyaltyIncomeExpense
-62500
opgn Royalty Income Expense
RoyaltyIncomeExpense
-187500
opgn Royalty Income Expense
RoyaltyIncomeExpense
-187500
CY2019Q3 opgn Future Minimum Royalty Payments Due
FutureMinimumRoyaltyPaymentsDue
250000
CY2019Q3 opgn Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
82041
CY2019Q3 opgn Operating And Finance Lease Liability Payments Due Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
3364
CY2019Q3 opgn Operating And Finance Lease Liability Payments Due After Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
280

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