Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 355

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 355
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    (157
    )
     
    $
    532

    338.9
    %

    Earnings before interest, taxes, depreciation, and amortization (non-GAAP)
     
    $
    34,006

    $
    55,544

    $
    (21,538
    )

    (38.8
    %)

    Cash Flow Data:

    Net cash used in operating activities
     
    $
    (17,458
    )
     
    $
    (101,667
    )
     
    $
    (84,209
    )

    (82.8
    %)

    Net cash provided by (used in) investing activities
     
    $
    10,499

    $
    (10,659
    )
     
    $
    21,158

    198.5
    %

    Net cash (used in) provided by financing activities
     
    $
    (3,909
    )
     
    $
    101,503

    $
    (105,412
    )

    (103.9
    %)

LIQUIDITY AND FINANCIAL CONDITION

Primary Sources and Uses of Cash

Overview

Liquidity refers to the availability to the Company of amounts of cash to meet all of our cash needs. Our sources of liquidity principally include cash from operations, Trading Credit Facility (see “Lines of Credit” below), and product financing arrangements. 

A substantial portion of our assets are liquid. As of December 31, 2024, approximately 79% of our assets consisted of cash, receivables, derivative assets, secured loans receivables, precious metals held under financing arrangements, and inventories, measured at fair value. Cash generated from the sales or financing of our precious metals products is our primary source of operating liquidity. Among other things, these include our product financing arrangements and liabilities on borrowed metals. Typically, the Company acquires its inventory by: (i) purchasing inventory from its suppliers by utilizing our own capital and lines of credit; (ii) borrowing precious metals from its suppliers under short-term arrangements which may bear interest at a designated rate, and (iii) repurchasing inventory at an agreed-upon price based on the spot price on the specified repurchase date.

In addition to selling inventory, the Company generates cash from earning interest income. The Company enters into secured loans and secured financing structures with its customers under which it charges interest.