Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 535

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 1C
Chunk 535
---
17,161,363

    Accruals and other

    4,148,610

    605,455

    Total deferred tax assets

    112,109,663

    110,664,601

    Valuation allowance

    (111,592,614
    )

    (110,358,421
    )
  
    Deferred tax liabilities:

    Intangible assets

    -

    -

    ROU assets

    (222,963
    )

    (35
    )
  
    Depreciation

    (294,086
    )

    (306,145
    )
  
    Net
     
    $
    -

    $
    -

    F-30

The difference between the Company’s expected income tax provision (benefit) from applying federal statutory tax rates to the pre-tax loss and actual income tax provision (benefit) relates to the effect of the following:

    Schedule of expected income tax provision (benefit) from applying federal statutory tax rates to the pre-tax loss and actual income tax
provision (benefit)

    2024

    2023

    Federal income tax benefit at statutory rates

    21.0
    %

    21.0
    %
  
    Permanent adjustment

    11.3
    %

    (0.1
    )%
  
    Provision to return adjustment

    1.0
    %

    0.2
    %
  
    State income tax benefit, net of federal benefit

    3.6
    %

    10.7
    %
  
    Foreign rate differential

    (8.5
    )%

    (11.6
    )%
  
    Adjustment on deferred foreign intangible

    (30.8
    )%

    0.0
    %
  
    Foreign income tax

    1.2
    %

    0.0
    %
  
    Lost or expired NOLs

    5.4
    %

    (7.0
    )%
  
    Blended state tax rate change effect on deferrals

    (10.7
    )%

    0.0
    %
  
    Change in valuation allowance

    10.1
    %

    (13.2
    )%
  
    Other

    (2.1
    )%

    0.0
    %
  
    Total