Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 105

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 105
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 in the lease, including assumption of lease payments. As inducement for the Assignee to enter into the agreement, the Company paid an incentive of $395, provided for four months of free rent for the period October 1, 2023 through January 31, 2024, and conveyed ownership of certain items of the facility's furniture and equipment. Commencing February 1, 2024 and ending May 31, 2031, the Assignee assumed responsibility for the monthly lease payments. Notwithstanding the Assignee's assumption of lease payments, Inogen remains the primary obligor under the lease to the landlord. The Assignee gained control to the facility on September 29, 2023, and related sublease income was not material.Lease payments assumed by the Assignee are:

        Payments due in the 12-month period ending December 31,

        2025
         
        $
        1,136

        2026

        1,136

        2027

        1,136

        2028

        1,136

        2029

        1,136

        Thereafter

        1,609

        $
        7,289

 F-26

Information related to the Company’s right-of-use assets and related operating lease liabilities were as follows: 

        Year ended

        Year ended

        December 31,2024

        December 31,2023

        Cash paid for operating lease liabilities
         
        $
        4,391

        $
        4,044

        Operating lease cost

        4,173

        3,979

        Non-cash right-of-use assets obtained in exchange for new operating lease obligations

        1,838

        1,781

        Weighted-average remaining lease term
         
        3.2 years

        2.9 years

        Weighted-average discount rate

        5.7
        %

        4.5
        %

        Maturities of lease liabilities due in the 12-month period ending December 31,

        2025
         
        $
        3,336

        2026

        3,649

        2027

        3,606

        2028

        3,179

        2029

        3,093

        Thereafter

        4,264