Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 28

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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2,084

    2,084

    May 2023
     
    $
    7.785

    - (1)

    889,274

    889,274

    October 2023
     
    $
    3.36

    April 2029

    200,000

    200,000

    1,092,569

    1,092,572

    (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.

Stock Compensation

2015 Equity Incentive Plan

In April 2015, the Company adopted, and the Company’s stockholders approved, the 2015 Equity Incentive Plan (the “2015 Plan”); the 2015 Plan became effective upon the execution and delivery of the underwriting agreement 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