Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 49

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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, the following activity occurred under the Company’s Equity Plan.

SCHEDULE OF SHARE BASED COMPENSATION ACTIVITY 

    Stock Options  
    Restricted Stock 

    Number of Shares  
    Weighted Average Exercise Price  
    Number of Shares  
    Weighted Average Grant Date Fair Value 
  
    Balance at June 30, 2025 
     343,667  
    $1.32  
     193,857  
    $1.33 
  
    Released 
     -  
    $-  
     (92,054) 
    $1.31 
  
    Outstanding at September 30, 2025 
     343,667  
    $1.32  
     101,803  
    $1.35 
  
    Exercisable at September 30, 2025 
     164,819  
    $1.32  

No
options or restricted stock awards were granted during the quarter ended September 30, 2025.

As
of September 30, 2025, there was $0.2 million of unrecognized compensation expense related
to outstanding stock options that will be recognized over a remaining weighted average period of 1.1
years. The weighted average remaining contractual life of the outstanding stock options as of September 30, 2025 was 8.0
years. As of September 30, 2025, there was $0.1 million of unrecognized compensation expense
related to outstanding restricted stock awards (RSAs) that will be recognized over a remaining weighted average period of 0.8
years. The total stock-based compensation expense recognized during the quarters ended September 30, 2025 and 2024 were $0.1 million
and $0.5 million, respectively.

    15

NOTE
10. COMMITMENTS AND CONTINGENCIES

Lease
Commitments

For
each of the three months ended September 30, 2025 and 2024, the Company’s combined lease costs were $0.2
million. The lease costs were recorded under
general and administrative expense in the statements of operations. During the quarter ended September 30, 2024, the Company renewed
leases which increased the right-of-use assets and lease liabilities by $0.7
million.

Future
minimum lease payments are (in thousands):

 SCHEDULE OF FUTURE MINIMUM CONSOLIDATED LEASE PAY