Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 65

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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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 payments13,470 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