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

Note 13 - Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

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

Finance lease costs:
Amortization of assets	Depreciation and amortization	$	6,169	$	12,337
Interest on lease liabilities	Other income (expense), net		1,778		3,689
Total finance lease costs			7,947		16,026
Operating lease costs	General and administrative expenses	$	706,368	$	1,394,100
Total lease costs		$	714,315	$	1,410,126

	June 30, 2019

Operating Leases:
Operating lease right-of -use asset	$	10,030,737

Operating lease liability - current portion	$	1,827,233
Operating lease liability - net of current portion		9,049,948
Total operating lease liability	$	10,877,181

Finance Leases:
Property and equipment, at cost	$	80,604
Less accumulated amortization		(12,337	)
Property and equipment, net	$	68,267


Finance lease liability - current portion	$	23,075
Finance lease liability - net of current portion		46,826
Total finance lease liabilities	$	69,901

Weighted average remaining lease term (in years):
Operating leases		5.71
Finance lease		2.77

Weighted average discount rate:
Operating leases		9.20	%
Finance leases		10.00	%

	Six Months Ended June 30, 2019

Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	1,469,684
Operating cash flows from finance leases		3,689
Financing cash flows from finance leases		10,704

Non-cash transactions: ROU assets obtained in exchange for lease liabilities
Operating lease	$	400,980
Finance lease		80,604