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, 2020

Commitments and Contingencies

Schedule of total lease expense

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


			2020			2019
For the Three months Ended September 30,
Finance lease costs
Amortization of right-to-use assets		$	6		$	6
Interest on lease liabilities			1			1
Operating lease costs			707			483
Short term lease costs			43			12
Variable lease costs			4			1
Total lease cost		$	761		$	501

For the Nine Months Ended September 30,
Finance lease costs
Amortization of right-to-use assets		$	17		$	16
Interest on lease liabilities			2			3
Operating lease costs			1,683			1,447
Short term lease costs			104			28
Variable lease costs			14			16
Total lease cost		$	1,820		$	1,510

Schedule of supplemental balance sheet information related to leases


			September 30, 2020			December 31, 2019
Finance Leases
Finance lease right-of-use assets		$	70		$	87
Current maturities of long-term obligations		$	18		$	17
Long term obligations		$	17		$	30
Operating Leases
Operating lease right-of-use assets		$	15,987		$	3,133
Current maturities of long-term obligations		$	2,481		$	1,719
Long term obligations		$	18,959		$	1,565

Schedule of other information related to leases


For the Nine Months Ended September 30,			2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities		$	1,399		$	1,314
Right-to-use assets obtained in exchange for new finance lease liabilities		$	16		$	16
Weighted-average remaining lease term - finance leases			2.3			3.2
Weighted-average remaining lease term - operating leases			12.4			2.1
Weighted-average discount rate - finance leases			7.28%			7.28%
Weighted-average discount rate - operating leases			10.07%			6.28%

Schedule of future minimum lease payments


		Operating			Finance
Year Ending December 31,		Leases			Leases
2020 (excluding nine months ended September 30, 2020)		$	493		$	5
2021			3,212			19
2022			3,530			10
2023			2,545			3
2024			2,606			1
2025			2,671			—
Thereafter			26,126			—
Total Future Minimum Lease Payments		$	41,183		$	38
Less imputed interest on commenced leases			(19,743)			(3)
Total Lease Liability		$	21,440		$	35