Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 29

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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    $
    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, 19,418 restricted stock units were granted, 507 restricted stock units vested and no restricted stock units were forfeited.

During the nine months ended September 30, 2024, 61,053 restricted stock units were granted and vested, and 4,163 restricted stock units were forfeited.

The Company has 209,148  restricted stock units outstanding as of September 30, 2025.

As of September 30, 2025, there was approximately $78,000 of unrecognized compensation costs related to restricted stock units, which are expected to be recognized over a weighted average period of 0.3 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 September 30, 2025 by year are as follows:

    Schedule of maturities of lease liabilities

    Maturity of Lease Liabilities

    2025 (October to December)
     
    $
    92,870

    2026

    378,279

    2027

    388,682