Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 259

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 1A
Chunk 259
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    $
    11,992,780

    $
    (32,668,530
    )
     
    $
    11,992,780

    $
    (32,668,530
    )
  
    Net income allocated to preferred stockholders

    (636,742
    )

    -

    -

    -

    Net income (loss) available to common stockholders
     
    $
    11,356,038

    $
    (32,668,530
    )
     
    $
    11,992,780

    $
    (32,668,530
    )

    Basic weighted average shares outstanding

    4,655,225

    787,832

    4,655,225

    787,832

    Dilutive effect of preferred stock

    564,677

    -

    Dilutive weighted average shares outstanding

    5,219,902

    787,832

    Earnings (loss) per share
     
    $
    2.44

    $
    (41.47
    )
     
    $
    2.30

    $
    (41.47
    )

The number of anti-dilutive shares consisting of shares of common stock underlying (i) common stock options, (ii) restricted stock units, (iii) preferred stock, and (iv) stock purchase warrants, which have been excluded from the computation of diluted income per share was 1.3 million and 1.2 million as of December 31, 2024 and 2023, respectively.

Adopted accounting pronouncements

In January 2024, the Company adopted Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). The new standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing reporting requirements under Topic 280. See the Segment Reporting section within Note 3.

In June 2016, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Codification (ASC) Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The purpose of Update No. 2016