Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 102

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 102
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 upon dissolution of stockholders whose preferential rights are superior to those receiving the
    distribution.

Our
strategy on dividends is to declare and pay dividends only from retained earnings and only when our board of directors deems it prudent
and in the best interests of the Company to declare and pay dividends.

22

Recent
Sales of Unregistered Securities; Shares Issued for Services; Outstanding Stock Options

On
February 17, 2025, the Schoenberger Family Trust converted 36,058 shares of Series B Preferred Stock into 721,160 shares of
restricted shares of our common stock. No other unregistered shares of any class of stock were issued during the year ended June 30,
2025.

ITEM
6. [RESERVED]

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion and analysis should be read in conjunction with our consolidated financial statements and the accompanying notes
thereto included in this Form 10-K and is qualified in its entirety by the foregoing and by more detailed financial information appearing
elsewhere in this Form 10-K. See “Consolidated Financial Statements.” In addition to historical financial information, the
following discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Some of the
numbers included herein have been rounded for the convenience of presentation. Our actual results may differ materially from those anticipated
in these forward-looking statements as a result of many factors, including those discussed in the “Special Note Regarding Forward
Looking Statements” above.

Our
audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted
Accounting Principles.

Introduction

The
Marygold Companies, Inc., a Nevada corporation (together with its subsidiaries, “we,” “us,” “our,”
“Company,” or “The Marygold Companies”) is a holding company which operates through its wholly owned subsidiaries
on a multinational scale that is focused upon financial services, exchange traded funds management and certain other business activities
listed below:

    ●
    U.S.
    Fund Management - USCF Investments, Inc., a Delaware corporation (“USCF Investments”), with corporate headquarters in
    Walnut Creek, California and its wholly owned subsidiaries, which provide fund management services to exchange traded fund and exchange traded products (“ETFs”):

    ○
    United
    States Commodity Funds, LLC, a Delaware limited liability company (“USCF LLC”), and

    ○