Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 22

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
,470 Less: Imputed interest(3,760)Present value of lease liabilities$9,710 Lessor AccountingProperty and equipment used for the Cantaloupe One operating lease rental program consisted of the following:($ in thousands)March 31,2025June 30,2024Cost$33,127 $32,513 Accumulated depreciation(26,232)(24,742)Net$6,895 $7,771 For the three months ended March 31, 2025 and 2024, the Company recognized $2.3 million and $2.1 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 nine months ended March 31, 2025 and 2024, the Company recognized $6.8 million and $6.1 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 March 31, 2025 are disclosed within Note 4 - Finance Receivables.

13

6. DEBT AND OTHER FINANCING ARRANGEMENTS

The Company's debt and other financing arrangements as of March 31, 2025 and June 30, 2024 consisted of the following:As of March 31,As of June  30,($ in thousands)202520242025 Credit Facility/2022 Amended Credit Facility$39,500 $37,625 Less: unamortized issuance costs(340)(75)Total39,160 37,550 Less: debt and other financing arrangements, current(1,934)(1,266)Debt and other financing arrangements, noncurrent$37,226 $36,284 Details of interest (income) expense, net on debt and tax liabilities presented on the condensed consolidated statements of operations are as follows:Three months endedNine months endedMarch 31,March 31,($ in thousands)20252024202520242025 Credit Facility/JPMorgan Credit Facility870 8942,616 2,718 Other interest (income) expense on tax liabilities(831)(1,056)(593