Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 104

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 104
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 Current liabilitiesAccounts payable and accrued expenses as of December 31, 2024 and 2023 consisted of the following: 

        December 31,

        2024

        2023

        Accounts payable
         
        $
        16,616

        $
        13,454

        Accrued inventory (in-transit and unvouchered receipts) and trade payables

        6,917

        10,054

        Accrued loss on purchase commitments

        672

        2,057

        Other accrued expenses

        2,948

        4,577

        Total accounts payable and accrued expenses
         
        $
        27,153

        $
        30,142

 F-25

Accrued payroll as of December 31, 2024 and 2023 consisted of the following: 

        December 31,

        2024

        2023

        Accrued bonuses
         
        $
        6,370

        $
        1,110

        Accrued wages and other payroll related items

        5,570

        4,170

        Accrued vacation

        3,456

        3,194

        Accrued severance

        1,429

        2,284

        Accrued employee stock purchase plan deductions

        364

        308

        Total accrued payroll
         
        $
        17,189

        $
        11,066

6. LeasesThe Company has entered into operating leases primarily for commercial buildings. These leases have terms which range from three years to 11 years, some of which include options to extend the leases for up to five years. Rent expense, including short-term lease cost, was $4,227, $4,017, and $3,870 for the years ended December 31, 2024, 2023 and 2022, respectively. Operating lease right-of-use assets and liabilities commencing after January 1, 2019 are recognized at commencement date based on the present value of lease payments over the lease term. The operating leases do not contain material residual value guarantees or material restrictive covenants. In July 2023, the Company entered into an Assignment and Assumption of Lease Agreement in which a third party, referred to as the Assignee, assumed the rights, title, and interest