Company: OPGN
Filing Date: 2025-10-01
Form Type: 10-Q
Source: 0001829126-25-007819
Chunk: 28

Company: OPGEN INC
Filing Date: 2025-10-01
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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    2024

    Cost of services
     
    $
    -

    $
    -

    Research and development

    -

    25,856

    General and administrative

    81,708

    157,984

    Sales and marketing

    -

    4,397

    $
    81,708

    $
    188,237

No income tax benefit for share-based compensation arrangements was recognized in the unaudited condensed consolidated statements of operations and comprehensive income (loss) due to the Company’s anticipated net taxable loss position for the year ended December 31, 2025.

As of March 31, 2025, the Company does not have any unrecognized expense related to its stock options.

The Company did not grant any options during the three months ended March 31, 2025 or 2024. During the three months ended March 31, 2025, no options were forfeited or expired. During the three months ended March 31, 2024, 83 options were forfeited, and 88 options expired.

The Company had stock options to acquire 138 shares of common stock outstanding at March 31, 2025.

Restricted Stock Units

During
the three months ended March 31, 2025, no restricted
stock units were granted, 507
restricted stock units vested and no restricted
stock units were forfeited. During the three months ended March 31, 2024, 21,053 restricted
stock units were granted, 21,053 restricted stock units vested and 1,413 restricted
stock units were forfeited. The Company had 189,730 
restricted stock units outstanding as of March 31, 2025.

As of March 31, 2025, there was approximately $201,000 of unrecognized compensation costs related to restricted stock units, which are expected to be recognized over a weighted average period of 0.62 years.

Note 9 – Commitments and Contingencies

Registration and other stockholder rights

In connection with various of its investment transactions, the Company entered into registration rights agreements with stockholders, pursuant to which the investors were granted certain demand registration rights and/or piggyback and/or resale registration rights in connection with subsequent registered offerings of the Company’s common stock.

    20

Note 10 – Leases

Maturities of the lease liability for the Company’s lone operating lease as of March 31, 2025 by year are as