Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 67

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 for the Company’s initial public offering in May 2015. The 2015 Plan provides for the granting of incentive stock options within the meaning of Section 422 of the Code to employees and the granting of non-qualified stock options to employees, non-employee directors and consultants. The 2015 Plan also provides for the grant of restricted stock, restricted stock units, stock appreciation rights, dividend equivalents and stock payments to employees, non-employee directors and consultants. Effective April 1, 2025, which was the ten (10) year anniversary of the adoption of the 2015 Plan, no additional grants may be made under the 2015 Plan.

    19

Share-Based Compensation

For the three and nine months ended September 30, 2025 and 2024, the Company recognized share-based compensation expense as follows: 

    Schedule of company recognized stock compensation expense

    Three Months Ended September 30,

    Nine Months Ended  September 30,

    2025

    2024

    2025

    2024

    Research and development
     
    $
    -

    $
    -

    $
    -

    $
    48,820

    General and administrative

    101,250

    1,530

    284,208

    504,941

    Sales and marketing

    -

    -

    -

    4,397

    $
    101,250

    $
    1,530

    $
    284,208

    $
    558,158

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.

Stock Options

As of September 30, 2025, the Company does not have any unrecognized expense related to its stock options.

The Company did not grant any options during the nine months ended September 30, 2025 or 2024. During the nine months ended September 30, 2025, no options were forfeited or expired. During the nine months ended September 30, 2024, 892 options were forfeited and 8,594 options expired.

The Company had stock options to acquire 138 shares of common stock outstanding at September 30, 2025.

Restricted Stock Units

During the nine months ended September 30, 2025