Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 1604

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 9
Chunk 1604
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1,095,517

The warrants listed above were issued in connection with various equity, debt, or development contract agreements.

    (1)
    Warrants will be exercisable beginning on the date of stockholder approval of the exercisability of the warrants under Nasdaq rules. Once exercisable, the warrants will expire on the five-year anniversary of the date of such stockholder approval. 

Note 9 – Income Taxes

The Company’s provision for income taxes consists of the following for the years ended December 31, 2024 and 2023:

    Schedule of provision for income taxes

    December 31,

    2024

    2023

    Current income tax provision

    Federal
     
    $
    -

    $
    -

    State

    26,768

    -

    Foreign

    149,894

    -

    Total

    176,662

    -

    Deferred income tax provision

    Federal

    -

    -

    State

    -

    -

    Foreign

    -

    -

    Total

    -

    -

    Total provision for income taxes
     
    $
    176,662

    $
    -

The Company’s deferred tax assets and liabilities as of December 31, 2024 and 2023 are as follows:

    Schedule of deferred tax assets and liabilities

    December 31,

    2024

    2023

    Deferred tax assets:

    NOL carryforward
     
    $
    85,790,968

    $
    89,055,237

    R&D credit carryforward

    2,559,479

    2,559,479

    Share-based compensation

    893,280

    729,693

    Interest expense

    -

    -

    ROU liabilities

    545,917

    553,374

    Deconsolidation of subsidiary

    18,171,409

    17,161,363

    Accruals and other

    4,148,610

    605,455

    Total deferred tax assets

    112,109,663

    110,664,601

    Valuation allowance

    (111,592,614
    )

    (110,358,421
    )
  
    Deferred tax liabilities:

    Intangible assets

    -

    -

    ROU assets

    (222,963
    )