Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 58

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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    Prepaid expenses and other current assets 
     961  
     1,234 
  
    Total other current assets 
    $961  
    $3,034 

Included
in the other current assets balance as of June 30, 2024 was a deposit of $1.8
million made in connection with the potential acquisition of a less than 10%
equity interest in a U.S. domestic financial institution that was seeking certain regulatory approval. The regulatory approval was
obtained in September 2024 and the deposit was then converted into an equity interest in the financial institution. After the
regulatory approval, the $1.8
million was transferred from other current assets to other assets, non-current in the consolidated balance sheet as shown
below in the table “Other Assets, non-current” below.

 SCHEDULE OF INVENTORY 

    December 31,  
    June 30, 
  
    Inventories 
    2024  
    2024 
  
    Raw materials and supplies 
    $1,268  
    $1,417 
  
    Finished goods 
     921  
     774 
  
    Total inventories 
    $2,189  
    $2,191 

 SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

    December 31,  
    June 30, 
  
    Property and equipment, net 
    2024  
    2024 
  
    Manufacturing equipment 
    $1,935  
    $1,935 
  
    Land and building 
     575  
     575 
  
    Other equipment 
     847  
     827 
  
    Total property and equipment, gross 
     3,357  
     3,337 
  
    Accumulated depreciation 
     (2,336) 
     (2,171)
  
    Total property and equipment, net 
    $1,021  
    $1,166 

Depreciation
expense for property and equipment was less than $0.1 million for the three months ended December 31, 2024 and 2023, respectively, and $0.1 million for the six months ended December 31, 2024 and 2023, respectively.

 SCHEDULE
OF GOODWILL

    December 31,  
    June 30, 
  
    Goodwill