Company: OPGN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001829126-25-008771
Chunk: 71

Company: OPGEN INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 due to the Company’s anticipated net taxable loss position for the year ended December 31, 2025.

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

The Company did not grant any options during the six months ended June 30, 2025 or 2024. During the six months ended June 30, 2025, no options were forfeited or expired. During the six months ended June 30, 2024, 892 options were forfeited and 2,781 options expired.

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

Restricted Stock Units

During
the six months ended June 30, 2025, 19,418 restricted
stock units were granted, 507
restricted stock units vested and no restricted
stock units were forfeited.

During
the six months ended June 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 June 30, 2025.

As of June 30, 2025, there was approximately $179,000 of unrecognized compensation costs related to restricted stock units, which are expected to be recognized over a weighted average period of 0.5 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 June 30, 2025 by year are as follows:

    Schedule of maturities of lease liabilities

    Maturity of Lease Liabilities

    2025 (July to December)
     
    $
    185,740

    2026

    378,279

    2027

    388,682

    2028

    399,388

    2029

    410,397

    Thereafter

    927,902

    Total lease payments

    2,690,388