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)

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies

Schedule of total lease expense

The components of total lease expense for the three months ended June 30, 2020 were as follows:


			2020			2019
For the Three months Ended June 30,
Finance lease costs
Amortization of right-to-use assets		$	6		$	6
Interest on lease liabilities			1			2
Operating lease costs			491			475
Short term lease costs			10			4
Variable lease costs			51			14
Total lease cost		$	559		$	501

For the Six Months Ended June 30,
Finance lease costs
Amortization of right-to-use assets		$	11		$	11
Interest on lease liabilities			2			2
Operating lease costs			976			964
Short term lease costs			10			16
Variable lease costs			61			15
Total lease cost		$	1,060		$	1,008

Schedule of supplemental balance sheet information related to leases


			June 30, 2020			December 31, 2019
Finance Leases
Finance lease right-of-use assets		$	76		$	87
Current maturities of long-term obligations		$	17		$	17
Long term obligations		$	22		$	30
Operating Leases
Operating lease right-of-use assets		$	3,138		$	3,133
Current maturities of long-term obligations		$	1,536		$	1,719
Long term obligations		$	1,629		$	1,565

Schedule of other information related to leases


For the Six Months Ended June 30,			2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities		$	915		$	949
Right-to-use assets obtained in exchange for new finance lease liabilities		$	-		$	15
Weighted-average remaining lease term - finance leases			2.5			3.2
Weighted-average remaining lease term - operating leases			1.1			2.3
Weighted-average discount rate - finance leases			7.28%			7.09%
Weighted-average discount rate - operating leases			6.00%			6.28%

Schedule of future minimum lease payments


		Operating			Finance
Year Ending December 31,		Leases			Leases
2020 (excluding six months ended June 30, 2020)		$	931			10
2021			3,007			19
2022			3,525			10
2023			2,539			3
2024			2,601			1
2025			2,666			—
Thereafter			26,352			—
Total Future Minimum Lease Payments		$	41,621			43
Less future payments for leases that have not yet commenced			(38,246)			—
Less imputed interest on commenced leases			(210)			(4)
Total Lease Liability		$	3,165			39