Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 21

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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thousands)20252024Balance, June 30$1,934 $2,098 Provision for expected losses391 51 Balance, Sept 302,325 2,149 Provision for expected losses108 108 Balance, December 312,433 2,257 Provision for expected losses61 (45)Balance, March 312,494 2,212 There were no material write-offs of finance receivables for the nine months ended March 31, 2025 and 2024.Cash to be collected on our performing finance receivables due for each of the fiscal years is as follows:($ in thousands)AmountRemainder of fiscal year 2025$1,873 20266,042 20274,172 20282,188 2029915 Thereafter178 Total amounts to be collected15,368 Less: interest(592)Less: allowance for credit losses(2,494)Total finance receivables$12,282 

5. LEASES

Lessee AccountingWe have operating leases which are real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:($ in thousands)Balance Sheet ClassificationMarch 31,2025June 30,2024Assets:Non-currentOperating lease right-of-use assets$7,622 $7,986 Liabilities:CurrentAccrued expenses$1,449 $1,320 Long-termOther noncurrent liabilities8,261 8,457 Total lease liabilities$9,710 $9,777 Supplemental cash flow information and non-cash activity related to our leases are as follows:

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($ in thousands)Nine months endedMarch 31,20252024Supplemental cash flow information:Cash paid for amounts included in the measurement of operating lease liabilities$1,652 $1,827 Non-cash activity:Right-of-use assets obtained in exchange for new lease obligations$532 $6,657 Maturities of lease liabilities by fiscal year for our leases as of March 31, 2025 are as follows:($ in thousands)OperatingLeasesRemainder of fiscal year 2025$431 20262,413 20271,961 20281,455 20291,490 Thereafter5,720 Total lease payments13