Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 283

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 1A
Chunk 283
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Section 382 of the Code, defined earlier. There can be no assurance that the NOL carryforwards will ever be fully utilized. To
date, the Company has not performed a formal study to determine if any of its remaining NOL and credit attributes might be further
limited due to the ownership change rules of Section 382 or Section 383 of the Code, as amended. The Company will continue
to monitor this matter going forward. There can be no assurance that the NOL carryforwards will ever be fully utilized.

The Tax Act amended IRC Section 174 to require capitalization of all research and development (“R&D”) costs incurred in tax years beginning after December 31, 2021. These costs are required to be amortized over five years if the R&D activities are performed in the U.S., or over 15 years if the activities were 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