Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 59

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 Sept 302,325 2,149 Provision for expected losses108 108 Balance, December 312,433 2,257 There were no material write-offs of finance receivables for the six months ended December 31, 2024 and 2023.

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Cash to be collected on our performing finance receivables due for each of the fiscal years is as follows:($ in thousands)AmountRemainder of 2025$3,658 20266,026 20274,135 20282,127 2029848 Thereafter122 Total amounts to be collected16,916 Less: interest(795)Less: allowance for uncollectible receivables(2,433)Total finance receivables$13,688 

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 ClassificationDecember 31,2024June 30,2024Assets:Operating lease right-of-use assets$7,939 $7,986 Liabilities:CurrentAccrued expenses$1,425 $1,320 Long-termOther noncurrent liabilities8,511 8,457 Total lease liabilities$9,936 $9,777 Supplemental cash flow information and non-cash activity related to our leases are as follows:($ in thousands)Six months endedDecember 31,20242023Supplemental cash flow information:Cash paid for amounts included in the measurement of operating lease liabilities$1,061 $1,220 Non-cash activity:Right-of-use assets obtained in exchange for new lease obligations$525 $6,657 Maturities of lease liabilities by fiscal year for our leases as of December 31, 2024 are as follows:

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($ in thousands)OperatingLeasesRemainder of 2025$875 20262,409 20271,958 20281,453 20291,489 Thereafter5,720 Total lease payments13,904 Less: Imputed interest(3,968)Present value of lease liabilities$9,936 Lessor AccountingProperty and equipment used for the Cantaloupe One operating lease rental program consisted of the following:($ in thousands)December