Company: OPGN
Filing Date: 2025-10-01
Form Type: 10-Q
Source: 0001829126-25-007819
Chunk: 29

Company: OPGEN INC
Filing Date: 2025-10-01
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 follows:

    Schedule of maturities of lease liabilities

    Maturity of Lease Liabilities

    2025 (April to December)
     
    $
    277,784

    2026

    378,279

    2027

    388,682

    2028

    399,388

    2029

    410,397

    Thereafter

    927,902

    Total lease payments

    2,782,432

    Less: interest

    (801,004
    ) 
  
    Present value of lease liabilities
     
    $
    1,981,428

For the three months ended March 31, 2025 and 2024, lease costs of $58,496 are classified as operating expense in the unaudited condensed consolidated statements of operations.

The remaining term of the lone operating lease as of March 31, 2025 is 6.9 years and reflects a discount rate of 10%. In the three months ended March 31, 2025 and 2024, cash paid for amounts under the lone operating lease were $58,496 and are classified as cash used in operating activities.

Note 11 – Subsequent Events

The Company evaluates subsequent events and transactions that occur after the balance sheet date up to October 1, 2025, the date that the unaudited condensed consolidated financial statements are issued.

Other than as disclosed in this Note 11 and as may be disclosed elsewhere in the notes to the accompanying unaudited condensed consolidated financial statements, there have been no subsequent events that require adjustment or disclosure in the accompanying unaudited condensed consolidated financial statements.

On April 3, 2025, CapForce entered into a Joint Venture Agreement (the “JV Agreement”) with the European Credit Investment Bank (“ECIB”), a full-fledged, global facing mid-shore investment bank in Labuan, Malaysia licensed by the Labuan Financial Services Authority, pursuant to which the parties agreed to form a joint venture company named CapForce EC Capital Markets Ltd. (the “Joint Venture”) for purposes of developing and operating a stock trading platform (the “Trading Platform”) and digital investment banking platform across Asia and the rest of the world (the “Digital IB Platform,” and together with the Trading Platform, the “Platforms”). The Platforms encompass (i) a community-focused cross border stock trading platform; (ii) a FinTech-enabled cap table management platform; and (iii)