Axogen, inc. (AXGN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and cash equivalents

35,894

35,724

24,555

24,878

23,522

24,294

25,629

133,562

30,559

36,507

22,041

23,870

25,913

30,014

16,003

18,273

20,948

25,909

29,935

15,622

19,255

8,215

11,802

14,170

16,807

20,069

22,586

8,692

11,200

13,907

4,445

4,638

5,641

8,190

10,525

7,840

1,799

Restricted cash

6,000

6,000

6,000

6,000

6,000

6,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

47,145

60,786

75,511

78,185

84,323

92,311

100,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,714

-

Accounts receivable, net of allowance for doubtful accounts of $619 and $1,092, respectively

13,020

16,944

15,451

16,285

15,193

15,321

13,990

12,358

11,766

11,065

10,200

9,422

8,383

8,052

7,004

6,072

5,290

4,782

4,642

3,838

3,161

2,872

2,743

2,526

1,965

1,893

1,740

1,415

1,179

1,050

925

862

893

797

538

19

407

Inventory

14,563

13,861

13,682

13,587

13,120

11,982

10,949

9,682

8,052

7,316

6,698

6,304

5,850

5,458

4,970

4,786

4,515

3,933

3,701

3,539

3,337

3,213

3,346

3,410

3,466

3,398

3,460

3,575

3,420

3,151

2,722

2,467

2,126

1,760

1,662

-

1,902

Prepaid expenses and other

3,730

1,706

2,144

2,357

3,471

1,045

1,477

1,307

1,355

853

571

585

749

511

685

615

699

424

290

241

259

109

100

144

195

296

177

127

142

187

89

240

142

133

159

-

74

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

184

-

1,083

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

Total current assets

120,352

135,021

137,343

141,292

145,629

150,953

152,786

156,910

51,734

55,741

39,512

40,181

40,897

44,037

28,664

29,747

31,454

35,051

38,570

23,242

26,015

14,411

17,992

20,252

22,434

25,658

27,964

13,811

15,941

18,295

8,183

8,209

8,804

10,882

13,070

9,592

5,267

NOTES AND ACCRUED INTEREST RECEIVABLE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,520

-

Office equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

Accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

Property and equipment, net

20,063

14,887

11,673

9,757

9,158

8,039

7,673

2,475

2,377

2,197

1,763

1,643

1,484

1,494

1,320

1,260

1,294

970

830

663

583

619

613

597

543

381

114

111

111

108

139

176

221

247

293

2

500

Operating lease right-of-use assets

2,788

3,133

3,595

4,051

4,437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets

82

87

93

99

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169

169

169

169

169

-

0

Intangible assets

1,598

1,515

1,488

1,404

1,164

1,181

1,198

1,157

1,058

937

951

940

890

828

787

743

747

678

635

608

597

577

576

578

567

570

579

583

590

573

736

884

911

899

906

-

637

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

877

908

939

793

914

970

1,022

1,073

1,105

1,167

1,208

1,252

345

266

272

295

-

-

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

129

97

-

-

-

-

Patent costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-

Total assets

144,883

154,643

154,192

156,603

160,492

160,173

161,657

160,543

55,170

58,875

42,227

42,765

43,272

46,360

30,772

31,750

33,496

36,700

40,912

25,423

28,135

16,400

20,097

22,398

24,567

27,684

29,764

15,672

17,851

20,230

9,693

9,837

10,477

12,495

14,441

12,160

6,405

Liabilities and Shareholders' Equity
Current liabilities:
Borrowings under revolving loan agreement

-

-

-

-

-

-

-

-

3,983

4,000

4,000

3,829

3,976

4,025

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

17,689

19,130

14,970

14,382

15,107

12,998

11,956

9,790

8,710

8,952

7,072

7,057

6,660

7,002

4,559

3,893

3,750

3,695

4,086

3,408

3,423

2,431

2,020

2,239

1,908

2,083

1,317

1,587

1,418

1,479

1,863

1,704

1,506

1,585

1,657

-

967

Current portion of long-term debt, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,338

Current maturities of long term obligations

1,785

1,736

1,773

1,832

1,361

28

35

39

2,841

735

21

24

22

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,885

1,402

918

434

0

-

7,080

Contract liabilities, current

14

14

14

19

24

18

22

27

32

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current

-

-

-

-

-

-

-

-

-

-

43

39

35

33

36

28

14

14

14

14

14

14

14

14

14

14

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

-

Accrued expenses and income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

404

-

Total current liabilities

19,488

20,880

16,757

16,233

16,492

13,044

12,015

9,857

15,567

13,719

11,137

10,951

10,694

11,081

4,595

3,922

3,764

3,709

4,100

3,422

3,437

2,445

2,034

2,253

1,922

2,098

1,317

1,587

1,418

1,479

3,749

3,106

2,424

2,019

1,657

611

9,386

Long term obligations, net of current maturities

1,189

1,595

2,002

2,381

3,223

35

38

45

17,760

19,810

20,356

20,314

20,276

20,265

-

-

-

24,701

-

-

-

-

-

-

-

-

-

-

-

-

4,739

3,460

3,932

4,403

4,826

-

0

Other long-term liabilities

-

-

-

-

-

70

76

82

89

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

12

15

22

29

34

42

48

55

61

69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred lease

-

-

-

-

-

-

-

-

-

-

105

109

89

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note Payable - Revenue Interest Purchase Agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,996

24,952

24,804

-

25,537

25,426

25,269

25,085

28,173

27,242

26,255

25,363

24,332

23,383

22,438

21,580

-

-

-

-

-

-

-

Deferred revenue, noncurrent

-

-

-

-

-

-

-

-

-

-

76

81

86

92

77

83

88

93

99

104

109

115

75

78

82

85

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

6,048

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,669

Total liabilities

20,689

22,490

18,781

18,643

19,749

13,191

12,178

10,040

33,479

33,693

31,675

31,456

31,148

31,439

29,669

28,957

28,657

28,504

29,736

28,953

28,816

27,646

30,283

29,574

28,260

27,547

25,649

24,971

23,857

23,060

8,488

6,567

6,357

6,423

6,483

-

18,105

Commitments and contingencies - see Note 12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Shareholders' equity:
Convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

15,412

Common stock, $0.01 par value per share; 100,000,000 shares authorized; 39,738,767 and 39,589,755 shares issued and outstanding

397

396

395

393

391

389

386

383

346

343

333

331

330

330

302

301

300

299

298

249

249

194

174

174

174

173

173

111

111

111

111

111

110

110

109

43

12

Additional paid-in capital

311,850

311,618

307,839

304,819

300,582

297,319

294,589

291,515

155,312

153,168

136,048

134,682

133,439

132,474

113,058

112,443

111,687

111,368

110,738

93,102

92,761

78,675

73,264

73,036

72,778

72,369

72,237

55,333

55,169

54,908

54,900

54,729

54,549

54,391

54,142

13,300

9,934

Accumulated deficit

-188,053

-179,861

-172,823

-167,252

-160,230

-150,726

-145,496

-141,395

-133,967

-128,329

-125,830

-123,706

-121,645

-117,883

-112,256

-109,951

-107,148

-103,472

-99,861

-96,882

-93,691

-90,116

-83,624

-80,386

-76,645

-72,405

-68,296

-64,744

-61,286

-57,848

-53,806

-51,569

-50,540

-48,430

-46,293

-1,794

-38,183

Total shareholders' equity

124,194

132,153

135,411

137,960

140,743

146,982

149,479

150,503

21,691

25,182

10,552

11,308

12,124

14,921

1,103

2,793

4,839

8,195

11,175

-3,530

-680

-11,245

-10,186

-7,175

-3,692

136

4,114

-9,298

-6,005

-2,829

1,205

3,270

4,120

6,071

7,958

11,548

-27,111

Total liabilities and shareholders' equity

144,883

154,643

154,192

156,603

160,492

160,173

161,657

160,543

55,170

58,875

42,227

42,765

43,272

46,360

30,772

31,750

33,496

36,700

40,912

25,423

28,135

16,400

20,097

22,398

24,567

27,684

29,764

15,672

17,851

20,230

9,693

9,837

10,477

12,495

14,441

12,160

6,405