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

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

The components of total lease expense for the three months ended March 31, 2021 were as follows:


	2021		2020
For the Three Months Ended March 31,
Finance lease costs
Amortization of right-of-use assets	$	6	$	5
Interest on lease liabilities	—		4
Operating lease costs	1,047		482
Short term lease costs	5		10
Variable lease costs	167		1
Total lease cost	$	1,225	$	502

Supplemental balance sheet information related to leases as of March 31, 2021 and December 31, 2020 was as follows:


	March 31, 2021		December 31, 2020
Finance Leases
Finance lease right-of-use assets	$	59	$	64
Current maturities of long-term obligations	$	15	$	17
Long-term obligations	$	10	$	13
Operating Leases
Operating lease right-of-use assets	$	15,442	$	15,614
Current maturities of long-term obligations	$	1,427	$	846
Long-term obligations	$	20,731	$	20,864

Other information related to leases was as follows:


For the Three Months Ended March 31,	2021			2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	411		$	506
Right-of-use assets obtained in exchange for new finance lease liabilities	$	321		$	16
Weighted-average remaining lease term - finance leases	2.18			2.74
Weighted-average remaining lease term - operating leases	12.05			1.61
Weighted-average discount rate - finance leases	7.28		%	7.28		%
Weighted-average discount rate - operating leases	9.47		%	5.99		%