Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 77

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 77
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 16, 2022 with the first payment of principal beginning in October 2022.  As of December 31, 2024, Jireh was in compliance with these covenants and the outstanding balance of this loan was $24.7 million.Maturities of short-term debt and long-term debt were as follows (in thousands):Year ending June 30,2025 (Remaining)$5,857 202611,871 202714,344 2028536 Total principal32,608 Less: debt issuance costs(40)Total principal, less debt issuance costs$32,568 Short-term DebtLong-term DebtTotalPrincipal amount$11,765 $20,843 $32,608 Less: debt issuance costs(23)(17)(40)Total debt, less debt issuance costs$11,742 $20,826 $32,568 

8. Leases  

The Company evaluates contracts for lease accounting at contract inception and assesses lease classification at the lease commencement date.  The finance lease is related to the $5.1 million of a machinery lease financing with a vendor.  In September 2022, the lease was amended to make a monthly payment of principal and interest as a fixed amount effective in October 2022.  Other terms remain the same.  The amendment was accounted for as a debt modification and no gain or loss was recognized.  The Company does not record leases on the Condensed Consolidated Balance Sheets with a term of one year or less. The components of the Company’s operating and finance lease expenses are as follows for the periods presented (in thousands):Three Months Ended December 31, Six Months Ended December 31,2024202320242023Operating leases:     Fixed rent expense$1,408 $1,485 $3,145 $3,042      Variable rent expense270 260 539 511 Finance lease:     Amortization of equipment129 129 257 257      Interest55 72 114 147 Short-term leases     Short-term lease expenses42 47 74 87                Total lease expenses$1,904 $1,993 $4,129 $4,044 

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Supplemental balance sheet information related to