Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 638

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 5
Chunk 638
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Total
amortization expense for intangible assets was $0.3 million and $0.4 million for the years ended June 30, 2025 and 2024, respectively. Refer to
Note 7, Impairment Loss, regarding the intangible asset impairment recorded during fiscal 2025.

Estimated
remaining amortization expenses of intangible assets for the next five fiscal years and thereafter are as follows (in thousands):

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE 

    Years Ending June 30, 
    Expense 
  
    2026 
    $290 
  
    2027 
     146 
  
    2028 
     146 
  
    2029 
     144 
  
    2030 
     54 
  
    Thereafter 
     249 
  
    Total 
    $1,029 

    F-17

NOTE
10. RELATED PARTY TRANSACTIONS 

USCF
Investments - Related Party Transactions

The
Funds managed by USCF and USCF Advisers are considered to be related parties. The Company’s fund management revenue, totaling
$17.1
million and $19.0
million for the years ended June 30, 2025 and 2024, respectively, were earned from these related parties. Accounts receivable,
totaling $1.3
million and $1.5
million as of June 30, 2025 and 2024, respectively, were owed from the Funds that are related parties. USCF Investments, from time
to time, provides initial investments in the creation of ETP and ETF funds that USCF manages. As of June 30, 2025 and 2024, the
Company has investments  totaling $3.6
million and $7.5
million, respectively, of funds managed by USCF Advisers. The Company owns approximately 21%
and 45%
of the outstanding shares of these investments as of June 30, 2025 and 2024, respectively.

USCF Advisers was contractually obligated to pay license fees to an affiliated entity for fiscal years 2025 and 2024.
In February 2025, the license fee agreement was amended to reduce all remaining 2025 and future license fees to zero. As of June 30, 2025,
all obligations had been paid. Total fees paid were $0