Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 56

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 56
---
  
    $1,788 
  
    Other short-term investments 
     295  
     1  
     -  
     296 
  
    Other equities - related
    parties 
     7,394  
     73  
     -  
     7,467 
  
    Total short-term investments 
    $9,477  
    $74  
    $-  
    $9,551 

During
the nine months ended March 31, 2025 and year ended June 30, 2024, respectively, there were no transfers between the fair value levels.

NOTE
6. BUSINESS COMBINATION

On
January 31, 2024, Marygold UK entered into a Share Purchase Agreement (“SPA”) to acquire all the issued and outstanding
shares of Step-By-Step Financial Planners Limited (“Step-By-Step”), subject to certain closing conditions and regulatory
approval requirements. The transaction closed on April 30, 2024 with an agreed upon purchase price of $1.2
million, subject to adjustment as provided for in the SPA. Marygold UK paid $0.7
million upon the closing, $0.3
million during the quarter ending December 31, 2024 and the balance of the purchase price of $0.2
million is required to be paid in the quarter ended December 31, 2025 as provided in the SPA. Step-By-Step is an asset manager and
investment advisor based in Staffordshire, England with $39.3 million in assets under management as of March 31, 2025. In addition
to growing the business through increasing assets under management, Marygold UK has expanded the fintech mobile app services
developed in the U.S. into the U.K. through the established contacts and certifications held by Step-By-Step.

    13

NOTE
7. INTANGIBLE ASSETS

 SCHEDULE OF   INTANGIBLE ASSETS 

    Intangible
    Assets 
    Weighted Average Remaining Life (in
                                            years)  
    Intangible Assets (Gross)  
    Accumulated Amortization  
    Intangible Asset
                                            (Net) 

    March
    31, 2025 
  
    Intangible
    Assets 
    Weighted Average Remaining Life (in
                                            years)  
    Intangible Assets (Gross)