Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 624

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 5
Chunk 624
---
  
     14% 
     370  
     25%
  
    UMI 
     2,948  
     17% 
     1,967  
     10% 
     264  
     21% 
     185  
     13%
  
    All Others 
     5,165  
     30% 
     4,783  
     25% 
     447  
     35% 
     427  
     29%
  
    Total 
    $17,135  
     100% 
    $18,965  
     100% 
    $1,281  
     100% 
    $1,455  
     100%

There
are no significant concentrations for the other operating subsidiaries on a consolidated basis.

Inventories

Inventories
which consist of (i) food products, printing supplies, and packaging in New Zealand; (ii) hair and skin care finished products and components
in the US; (iii) security system hardware in Canada and (iv) printed debit cards and wearables in the US and all are valued at the lower
of cost or net realizable value. Inventories in Canada and New Zealand are maintained on the first-in, first-out method, while inventory
in the U.S is maintained using the average cost method. Inventories include product cost, inbound freight and warehousing costs where
applicable. An assessment is made at the end of each fiscal quarter to determine what slow-moving inventory items, if any, should be
deemed obsolete and written down to their estimated net realizable value. For the years ended June 30, 2025 and 2024, the expense
for slow moving or obsolete inventory was not material.

    F-8

Property
and Equipment

Property
and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as
incurred; additions, renewals and leasehold improvements are capitalized. Office furniture and equipment include office fixtures, computers,
printers and other office equipment plus software and applicable packaging designs. Leasehold improvements are depreciated over the shorter
of the useful life of the improvement and the length of the lease. When property and equipment are retired or otherwise disposed of,
the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations.
Depreciation is