Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 68

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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, 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

    2028

    399,388

    2029

    410,397

    Thereafter

    927,902

    Total lease payments

    2,597,518

    Less: interest

    (703,724
    ) 
  
    Present value of lease liabilities
     
    $
    1,893,794

For the three and nine months ended September 30, 2025, lease costs of approximately $58,000 and $175,000 are classified as operating expenses in the unaudited condensed consolidated statements of operations. For the three and nine months ended September 30, 2024, lease costs of approximately $58,000 and $175,000 are classified as operating expenses in the unaudited condensed consolidated statements of operations.

The remaining term of the lone operating lease as of September 30, 2025 is 6.4 years and reflects a discount rate of 10%. In each of the nine months ended September 30, 202