Clearfield, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)

9 Months Ended

Jun. 30, 2020

Notes Tables

Lessee, Operating Lease Expense [Table Text Block]

Operating lease expense under ASC842, Leases, within:		Three months ended June 30, 2020				Nine months ended June 30, 2020
Cost of goods sold		$	247,897			$	652,399
Selling, general and administrative			54,345				166,109
Total lease expense		$	302,242			$	818,508

Operating lease expense under ASC840, Leases, within:		Three months ended June 30, 2019				Nine months ended June 30, 2019
Cost of goods sold		$	158,932			$	491,878
Selling, general and administrative			54,990				162,366
Total lease expense		$	213,922			$	654,244

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

		Operating Leases
2020 (remainder of fiscal year)		$	202,586
2021			752,423
2022			772,803
2023			744,963
2024			516,725
Thereafter			217,552
Total lease payments		$	3,207,052
Less: Interest			(234,833	)
Present value of lease liabilities		$	2,972,219

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

		As of September 30, 2019
2020		$	643,040
2021			479,213
2022			491,397
2023			503,895
2024			516,720
Thereafter			217,551
Total minimum lease payments		$	2,851,816