SEC Comment Letter 0000000000-24-012224 to Katapult Holdings, Inc. (KPLT)
Katapult Holdings, Inc.
Date: Nov. 4, 2024 · CIK: 0001785424 · Accession: 0000000000-24-012224
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-39116
Letter
November 4, 2024 Nancy Walsh Chief Financial Officer Katapult Holdings, Inc. 5360 Legacy Drive, Building 2 Plano, TX 75024 Re:Katapult Holdings, Inc. Form 10-K for Fiscal Year Ended December 31, 2023 Response dated September 26, 2024 File No. 001-39116 Dear Nancy Walsh: We have reviewed your September 26, 2024 response to our comment letter and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 20, 2024 letter. Form 10-K for Fiscal Year Ended December 31, 2023 Notes to Consolidated Financial Statements 3. Summary of Significant Accounting Policies Property Held for Lease, Net of Accumulated Depreciation and Impairment, page 74 1.We note property held for lease is depreciated using the income forecasting method. Please describe how depreciation is charged under this method when an item is leased for the full term of a contract, returned prior to completion of the contract term, or if the buyout option is exercised. In each case, show the periods when depreciation is charged.
November 4, 2024 Page 2 Please contact Valeria Franks at 202-551-7705 or Blaise Rhodes at 202-551-3774 if you have questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc:Nicole Brookshire
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November 4, 2024
Nancy Walsh
Chief Financial Officer
Katapult Holdings, Inc.
5360 Legacy Drive, Building 2
Plano, TX 75024
Re:Katapult Holdings, Inc.
Form 10-K for Fiscal Year Ended December 31, 2023
Response dated September 26, 2024
File No. 001-39116
Dear Nancy Walsh:
We have reviewed your September 26, 2024 response to our comment letter and have
the following comment(s).
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Unless we note otherwise, any references to prior comments are to comments in our
September 20, 2024 letter.
Form 10-K for Fiscal Year Ended December 31, 2023
Notes to Consolidated Financial Statements
3. Summary of Significant Accounting Policies
Property Held for Lease, Net of Accumulated Depreciation and Impairment, page 74
1.We note property held for lease is depreciated using the income forecasting
method. Please describe how depreciation is charged under this method when an item
is leased for the full term of a contract, returned prior to completion of the contract
term, or if the buyout option is exercised. In each case, show the periods when
depreciation is charged.
November 4, 2024
Page 2
Please contact Valeria Franks at 202-551-7705 or Blaise Rhodes at 202-551-3774 if
you have questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc:Nicole Brookshire