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)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies

Schedule of total lease expense


			2020			2019
For the Three Months Ended March 31,
Finance lease costs
Amortization of right-to-use assets		$	5		$	5
Interest on lease liabilities			4			0
Operating lease costs			482			489
Short term lease costs			10			12
Variable lease costs			1			1
Total lease cost		$	502		$	507

Schedule of supplemental balance sheet information related to leases


			March 31, 2020			December 31, 2019
Operating Leases
Operating lease right-of-use assets		$	2,788		$	3,133
Current maturities of long-term obligations		$	1,768		$	1,719
Long term obligations		$	1,163		$	1,565
Finance Leases
Finance lease right-of-use assets		$	82		$	87
Current maturities of long-term obligations		$	17		$	17
Long term obligations		$	26		$	30

Schedule of other information related to leases


For the Three Months Ended March 31,			2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities		$	506		$	477
Right-to-use assets obtained in exchange for new finance lease liabilities		$	16		$	15
Weighted-average remaining lease term - finance leases			2.74			3.22
Weighted-average remaining lease term - operating leases			1.61			2.53
Weighted-average discount rate - finance leases			7.28%			6.88%
Weighted-average discount rate - operating leases			5.99%			6.29%

Schedule of future minimum lease payments


		Operating			Finance
Year Ending December 31,		Leases			Leases
2020 (excluding three months ended March 31, 2020)		$	1,468		$	15
2021			3,167			19
2022			2,531			10
2023			2,539			3
2024			2,601			—
Thereafter			29,018			—
Total Future Minimum Lease Payments		$	41,324		$	47
Less future payments for leases that have not yet commenced			(38,246)			—
Less imputed interest on commenced leases			(147)			(4)
Total Lease Liability		$	2,931		$	43