Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 63

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 $7,063 $7,349 State income tax payable1,644 2,096 Accrued compensation and related sales commissions3,336 4,929 Operating lease liabilities - current1,836 1,655 Accrued professional fees6,960 2,492 Consideration withheld for acquisitions - current*899 105Accrued Other742 1,122 Total accrued expenses$22,480 $19,748 * See Note 9 - Acquisition for description of the arrangement.The change in accrued professional fees primarily relates to professional fees associated with the planned merger with 365 Retail Markets, LLC. See Recent Developments in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

8. GOODWILL AND INTANGIBLES

Intangible asset balances and goodwill consisted of the following:As of September 30, 2025Weighted Average Remaining Useful Life (Years)($ in thousands)GrossAccumulated AmortizationNetIntangible assets:Brand and trade names$2,605 (2,315)290 1.7Developed technology22,203 (15,672)6,531 3.0Customer relationships28,251 (13,237)15,014 7.8Total intangible assets$53,059 $(31,224)$21,835 6.2Goodwill$103,075 $— $103,075 IndefiniteAs of June 30, 2025Weighted Average Useful Life (Years)($ in thousands)GrossAccumulated AmortizationNetIntangible assets:Brand and trade names$2,608 $(2,235)$373 1.8Developed technology22,259 (15,086)7,173 3.2Customer relationships28,255 (12,470)15,785 7.9Total intangible assets$53,122 $(29,791)$23,331 6.3Goodwill$103,222 $— $103,222 IndefiniteDuring the three months ended September 30, 2025 and September 30, 2024, the Company recognized $1.4 million and $1.3 million, respectively, in amortization expense related to intangible assets. Changes in Goodwill for the three months ended September 30, 2025 relate to foreign currency adjustments.

15

The Company performs an annual goodwill impairment