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)

6 Months Ended

Mar. 31, 2020

Notes Tables

Lessee, Operating Lease Expense [Table Text Block]

	Operating lease expense under ASC842 , Leases, within:		Three months ended March 31, 2020				Six months ended March 31, 2020
	Cost of goods sold		$	218,874			$	404,502
	Selling, general and administrative			55,398				111,764
	Total lease expense		$	274,272			$	516,266

	Operating lease expense under ASC840, Leases, within:		Three months ended March 31, 2019				Six months ended March 31, 2019
	Cost of goods sold		$	164,118			$	332,946
	Selling, general and administrative			53,838				107,376
	Total lease expense		$	217,956			$	440,322

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

			Operating Leases
	2020 (remainder of fiscal year)		$	440,312
	2021			752,423
	2022			772,803
	2023			744,963
	2024			516,725
	Thereafter			217,552
	Total lease payments			3,444,778
	Less: Interest			(261,912	)
	Present value of lease liabilities		$	3,182,866

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