Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 21

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
-cash activity:Right-of-use assets obtained in exchange for new operating lease obligations$— $290 Maturities of lease liabilities by fiscal year for our leases as of September 30, 2025 are as follows:($ in thousands)OperatingLeasesRemainder of 2026$1,936 20272,247 20281,653 20291,492 2030978 Thereafter4,743 Total lease payments13,049 Less: Imputed interest(3,415)Present value of lease liabilities$9,634 Lessor AccountingProperty and equipment used for the operating lease rental program consisted of the following:($ in thousands)September 30,2025June 30,2025Cost$34,867 $34,522 Accumulated depreciation(27,411)(26,818)Net$7,456 $7,704 For the three months ended September 30, 2025 and 2024, the Company recognized $2.4 million and $2.3 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 September 30, 2025 are disclosed within Note 4 - Finance Receivables.

12

6. DEBT AND OTHER FINANCING ARRANGEMENTS

The Company's debt and other financing arrangements as of September 30, 2025 and June 30, 2025 consisted of the following:As of September 30,As of June  30,($ in thousands)202520252025 Credit Facility/2022 Amended JPMorgan Credit Facility*$38,500 $39,000 Other obligations105 — Less: unamortized issuance costs and debt discount(316)(337)Total38,289 38,663 Less: debt and other financing arrangements, current(1,936)(1,917)Debt and other financing arrangements, noncurrent$36,353 $36,746 * See discussion below on amendment to the JPMorgan Credit Facility.2025 Credit FacilityOn January 31, 2025 (the "Closing Date"), the Company entered into a second amended and restated credit agreement (the