Company: MDXG
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001376339-25-000009
Chunk: 40

Company: MIMEDX GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 40
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 of operations reflects a significant segment expense evaluated by the CODM. In addition to this, the CODM also evaluates selling and marketing expense and general and administrative expense, both of which are components of selling, general, and administrative expense on the consolidated statements of operations.Selling and marketing expense reflects costs associated with the sale of the Company’s products, as well as the costs of functions that support these efforts. This includes salaries and commissions associated with the Company’s direct sales force, commissions paid to sales agents, and expenses incurred by other sales support functions.General and administrative expense reflects expenses incurred by the Company’s operating functions which do not directly advance the Company’s sales efforts, such as the Company’s finance, legal and human resource functions, among other departments. The below table presents selling and marketing and general administrative expense for each of the years ended December 31, 2024, 2023, and 2022.Year Ended December 31, 202420232022Selling and marketing$175,562 $161,833 $151,227 General and administrative49,525 49,291 57,446 Selling, general and administrative$225,087 $211,124 $208,673 Below is a breakout of interest expense and interest income for each of the years ended December 31, 2024, 2023, and 2022. Year Ended December 31,202420232022Interest income$2,932 $118 $32 Interest expense(3,938)(6,575)(5,048)Interest expense, net$(1,006)$(6,457)$(5,016)To see depreciation expense, amortization expense, income tax expense and significant noncash items for this segment please refer to Note 5, Property and Equipment, Net, Note 7, Goodwill and Intangible Assets, Net, Note 16, Income Taxes and Note 17, Supplemental Disclosure of Cash Flow and Non-Cash Investing and Financing Activities, respectively. 

The CODM is not provided and does not review segment assets at a different asset level or category than the presentation on the consolidated balance sheet. 

14.    Acquisitions

During 2024, the Company entered into various Asset Purchase Agreements (“APAs”) and associated Manufacturing and Supply Agreements (“MSAs”) in an effort to inorganically expand its product offering. These transactions were accounted for as acquisitions of assets and the Company did not assume any liabilities associated with these activities