Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 60

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 31,2024June 30,2024Cost$32,914 $32,513 Accumulated depreciation(25,757)(24,742)Net$7,157 $7,771 For the three months ended December 31, 2024 and 2023, the Company recognized $2.2 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations. For the six months ended December 31, 2024 and 2023, the Company recognized $4.5 million and $4.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of December 31, 2024 are disclosed within Note 4 - Finance Receivables.

6. DEBT AND OTHER FINANCING ARRANGEMENTS

The Company's debt and other financing arrangements as of December 31, 2024 and June 30, 2024 consisted of the following:As of December 31,As of June  30,($ in thousands)20242024JPMorgan Credit Facility*$37,063 $37,625 Other obligations24 34 Less: unamortized issuance costs and debt discount(75)(109)Total37,012 37,550 Less: debt and other financing arrangements, current(1,458)(1,266)Debt and other financing arrangements, noncurrent$35,554 $36,284 * See discussion below on amendment to the JPMorgan Credit Facility.JPMorgan Credit FacilityOn March 17, 2022, the Company entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A. which provides for a $15 million secured revolving credit facility (the “Amended Revolving Facility”) and a $25 million 

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secured term facility (the “Amended Secured Term Facility” and together with the Amended Revolving Facility, the “Amended JPMorgan Credit Facility”), and fully replaced our previous 2021 JPMorgan credit facility.On December 1, 2022, the Company entered into an amendment to the