Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 19

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 beginning of quarter$13,241 $13,442 Provision for expected losses852 558 Write-offs and other adjustments86 (354)Balance, end of quarter$14,179 $13,646 

4. FINANCE RECEIVABLES

The Company's finance receivables consist of devices under its financing program and devices contractually associated with the Seed platform. Predominately all of the Company’s finance receivables agreements are classified as non-cancellable sixty-month sales-type leases.The Company collects lease payments from customers primarily as part of the flow of funds from our transaction processing services. Balances are considered past due if customers do not have sufficient transaction revenue to cover the monthly lease payment by the end of the monthly billing period.At September 30, 2025, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:Leases by Origination($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotalCurrent$1,082 $1,547 $2,088 $3,687 $670 $80 $9,154 30 days and under18 25 26 138 60 5 272 31 - 60 days4 13 2 119 46 4 188 61 - 90 days2 10 14 35 24 2 87 Greater than 90 days1 42 140 1,265 361 1,043 2,852 Total finance receivables$1,107 $1,637 $2,270 $5,244 $1,161 $1,134 $12,553 At June 30, 2025, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:

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Leases by Origination($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotalCurrent$1,463 $1,517 $3,290 $2,766 $589 $93 $9,718