The Joint Corp. Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

	Line Item in the Company’s Consolidated Statements of Operations	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019

Finance lease costs:
Amortization of assets	Depreciation and amortization	$	6,169	$	18,506
Interest on lease liabilities	Other expense, net		1,642		5,331
Total finance lease costs			7,811		23,837
Operating lease costs	General and administrative expenses	$	855,962	$	2,292,191
Total lease costs		$	863,773	$	2,316,028

	September 30, 2019

Operating Leases:
Operating lease right-of -use asset	$	13,149,467

Operating lease liability - current portion	$	2,195,852
Operating lease liability - net of current portion		11,798,120
Total operating lease liability	$	13,993,972

Finance Leases:
Property and equipment, at cost	$	80,604
Less accumulated amortization		(18,506	)
Property and equipment, net	$	62,098


Finance lease liability - current portion	$	23,656
Finance lease liability - net of current portion		40,689
Total finance lease liabilities	$	64,345

Weighted average remaining lease term (in years):
Operating leases		5.5
Finance lease		2.5

Weighted average discount rate:
Operating leases		8.8	%
Finance leases		10.0	%

	Nine Months Ended September 30, 2019

Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,233,149
Operating cash flows from finance leases		5,331
Financing cash flows from finance leases		16,259

Non-cash transactions: ROU assets obtained in exchange for lease liabilities
Operating lease	$	4,501,092
Finance lease		80,604