Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 713

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 6
Chunk 713
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 the Company totaled $0.9 million and are recorded
in general and administrative expense in the Consolidated Statements of Operations.

Future
minimum consolidated lease payments for the Company are as follows (in thousands):

 SCHEDULE OF FUTURE MINIMUM CONSOLIDATED LEASE PAYMENTS

    Year Ended June 30, 
    Lease Amount  
    Finance Lease 
  
    2026 
    $587  
    $19 
  
    2027 
     333  
     19 
  
    2028 
     155  
     19 
  
    2029 
     -  
     19 
  
    2030 
     -  
     19 
  
    Thereafter 
     -  
     29 
  
    Total minimum lease payments 
     1,075  
     124 
  
    Less: present value discount 
     (41) 
     (22)
  
    Total lease liabilities 
    $1,034  
    $102 

The
weighted average remaining lease term for the Company’s operating leases was 2.0 years as of June 30, 2025 and a weighted-average
discount rate of 5.8% was used to determine the total operating lease liabilities. The remaining lease term for the Company’s finance
lease was 6.3 years as of June 30, 2025 with an annual interest rate of 7.0%.

Other
Agreements and Commitments

As
Marygold US built out its Fintech app, it entered into agreements with various service providers, some of which required long-term
contracts. As of June 30, 2025, Marygold US has future payment commitments with some former primary service vendors totaling $0.7
million including $0.2
million due in fiscal 2026. It is uncertain what amount of this contractual commitment may be reduced by the vendors as services are no longer
required.

    F-24

Litigation

From
time to time, the Company may be involved in legal proceedings arising primarily from the ordinary course of their respective businesses.
Except as described below, there are no pending legal proceedings against the Company. The Company’s policy is to expense legal
costs relating to litigation as the costs are incurred. USCF is an indirect wholly owned subsidiary of the Company. USCF LLC, as the
general partner of the United States Oil Fund, LP (“USO