Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 46

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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, 2024 and the remaining balance of $0.4 million is due prior to September 30, 2026.
The effective interest rate for this note is 41.3%.

In
July 2024, Brigadier repaid its mortgage loan of $0.3 million in full that was secured with the land and building in Canada.

Investments

USCF
Investments, from time to time, provides initial investments in the creation of ETP funds that USCF Investments manages. USCF Investments
classifies these investments as current assets as these investments are generally sold within one year from the balance sheet date. As
of December 31, 2024, USCF Investments held investment positions in four of its 40 Act funds, USG (ticker changed from GLDX in March
2024), ZSB, USE and ZSC of $1.5 million, $0.2 million, $2.4 million, and $2.1 million, respectively. These investment positions along
with other investments, as applicable, are described further in Note 5 to our Financial Statements.

Dividends

We have never declared or paid any cash dividends
on our capital stock. We intend to retain future earnings, if any, to finance the operation and expansion of our businesses and do not
anticipate paying any cash dividends in the foreseeable future. Any future determination related to our dividend policy will be made at
the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, business
prospects and other factors our board of directors deems relevant, and subject to the restrictions contained in any future financing instruments
or under Nevada corporations’ law.

Item
3. Quantitative and Qualitative Disclosures about Market Risk.

As
a “smaller reporting company”, we are not required to provide the information required by this Item.

Item
4. Controls and Procedures

(a)
Evaluation of Disclosure Controls and Procedures

As
of the end of the period covered by this Report, our Chief Executive Officer and Chief Accounting Officer conducted evaluations of
our disclosure controls and procedures. We maintain 
disclosure controls and procedures that are designed to provide reasonable assurances that the information required to be disclosed
in the periodic reports we file or submit under Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the
“Securities Exchange Act”), is recorded, processed, summarized and reported within the time period specified in the