Axogen, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies

Schedule of total lease expense


		Amount
For the Three months Ended September 30, 2019:
Finance lease costs
Amortization of right-to-use assets		$	6
Interest on lease liabilities			1
Operating lease costs			483
Short term lease costs			12
Variable lease costs			1
Total lease cost		$	501

For the Nine Months Ended September 30, 2019:
Finance lease costs
Amortization of right-to-use assets		$	16
Interest on lease liabilities			3
Operating lease costs			1,447
Short term lease costs			28
Variable lease costs			16
Total lease cost		$	1,510

Schedule of supplemental balance sheet information related to leases


		Amount
Operating Leases
Operating lease right-of-use assets		$	3,595
Current maturities of long-term obligations		$	1,750
Long term obligations		$	1,974
Finance Leases
Finance lease right-of-use assets		$	93
Current maturities of long-term obligations		$	23
Long term obligations		$	28

Schedule of other information related to leases


		Amount
Cash paid for amounts included in the measurement of operating lease liabilities		$	1,314
Right-to-use assets obtained in exchange for new finance lease liabilities		$	16
Weighted-average remaining lease term - finance leases			3.18 Yrs
Weighted-average remaining lease term - operating leases			2.09 Yrs
Weighted-average discount rate - finance leases			7.28%
Weighted-average discount rate - operating leases			6.28%

Schedule of future minimum lease payments


		Operating			Finance
Year Ending December 31,		Leases			Leases
2019 (excluding nine months ended September 30, 2019)		$	494		$	5
2020			2,664			19
2021			4,007			19
2022			2,573			10
2023			2,581			3
2024			2,644			—
Thereafter			27,251			—
Total Future Minimum Lease Payments		$	42,213		$	57
Less future payments for leases that have not yet commenced			(38,245)			—
Less imputed interest on commenced leases			(244)			(6)
Total Lease Liability		$	3,724		$	51

Schedule of commitments relating to noncancelable operating and capital leases prior to adoption of ASC 842


Year Ending December 31,		Operating			Capital
2019			1,866			28
2020			2,540			13
2021			3,970			15
2022			2,518			7
2023			2,574			—
Thereafter			30,111			—
Total		$	43,579		$	63