Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 30

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
    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, 2025 and 2024, cash paid for amounts under the lone operating lease were $175,488 and are classified as cash used in operating activities.

Note 11 – Joint Venture

In April 2025, CapForce entered into a Joint Venture Agreement (the “JV Agreement”) with the European Credit Investment Bank (“ECIB”), a full-fledged, global facing mid-shore investment bank in Labuan, Malaysia licensed by the Labuan Financial Services Authority, pursuant to which the parties agreed to form a joint venture company named CapForce EC Capital Markets Ltd. (the “Joint Venture”) for purposes of developing and operating a stock trading platform (the “Trading Platform”) and digital investment banking platform across Asia and the rest of the world (the “Digital IB Platform,” and together with the Trading Platform, the “Platforms”). The Platforms encompass (i) a community-focused cross-border stock trading platform; (ii) a FinTech-enabled cap table management platform; and (iii) an advanced computational model-enabled investment banking advisory platform for public listing sponsorship and wealth management. Pursuant to the JV Agreement, CapForce will own 49% of the outstanding equity interests of the Joint Venture, and ECIB will own 51% of the outstanding equity interests of the Joint Venture. Under the JV Agreement, the parties agreed to strategically collaborate in order to develop the Platforms. The parties agreed to equally split all profits earned by the Joint Venture and all capital expenditures and operating expenses in the development and operation of the