Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 1038

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 5
Chunk 1038
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 performed outside the U.S. The Company capitalized approximately $2.1 million of R&D expenses incurred as of December 31, 2024.

Note 10 – Commitments and Contingencies

Registration and other stockholder rights

In connection with various investment transactions, the Company entered into certain 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.

    F-31

Note 11 – Leases

The following table presents the Company’s ROU assets and lease liabilities as of December 31, 2024 and 2023:

    Schedule of ROU asset and liability classifications

    Lease Classification
     
    December 31, 2024

    December 31, 2023

    ROU assets:

    Operating
     
    $
    825,665

    $
    -

    Financing

    -

    138

    Total ROU assets
     
    $
    825,665

    $
    138

    Liabilities

    Current:

    Operating
     
    $
    173,726

    $
    147,943

    Finance

    -

    280

    Noncurrent:

    Operating

    1,847,889

    2,021,616

    Finance

    -

    -

    Total lease liabilities
     
    $
    2,021,615

    $
    2,169,839

Maturities of lease liabilities for the Company’s lone operating lease as of December 31, 2024 by year are as follows:

    Schedule of maturities of lease liabilities

    Maturity of Lease Liabilities
     
    Operating

    Finance

    Total

    2025
     
    $
    368,179

    $
    -

    $
    368,179

    2026

    378,279

    -

    378,279

    2027

    388,682

    -

    388,682

    2028

    399,388

    -

    399,388

    2029

    410,397

    -

    410,397

    Thereafter

    927,902

    -

    927,902

    Total lease payments

    2,872,827