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

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

The components of total lease expense for the three and six months ended June 30, 2021 were as follows:


	2021		2020
For the Three Months Ended June 30,
Finance lease costs
Amortization of right-of-use assets	$	2	$	6
Interest on lease liabilities	—		1
Operating lease costs	1,034		491
Short term lease costs	6		10
Variable lease costs	169		51
Total lease cost	$	1,211	$	559

For the Six Months Ended June 30,
Finance lease costs
Amortization of right-to-use assets	$	8	$	11
Interest on lease liabilities	—		2
Operating lease costs	2,081		976
Short term lease costs	11		10
Variable lease costs	337		61
Total lease cost	$	2,437	$	1,060

Supplemental balance sheet information related to leases as of June 30, 2021 and December 31, 2020 was as follows:


	June 30, 2021		December 31, 2020
Finance Leases
Finance lease right-of-use assets	$	53	$	64
Current maturities of long-term obligations	$	14	$	17
Long-term obligations	$	8	$	13
Operating Leases
Operating lease right-of-use assets	$	15,272	$	15,614
Current maturities of long-term obligations	$	1,775	$	846
Long-term obligations	$	20,337	$	20,864

Other information related to leases was as follows:


For the Six Months Ended June 30,	2021			2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	822		$	915
Right-of-use assets obtained in exchange for new finance lease liabilities	$	371		$	—
Weighted-average remaining lease term - finance leases	1.8			2.5
Weighted-average remaining lease term - operating leases	12.0			1.1
Weighted-average discount rate - finance leases	7.28		%	7.28		%
Weighted-average discount rate - operating leases	10.17		%	6.00		%