Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 69

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 2024, respectively, of dividends earned from these related party
investments.

USCF
Advisers is no longer contractually obligated to pay license fees to an affiliated entity related to intellectual property rights
for two of the funds during fiscal 2025 and 2026 as both parties agreed to reduce the license fee. The amount of license fee
accrued as an expense during the three months ended March 31, 2025 and 2024 was zero and $0.1 million, respectively, and during the
nine months ended March 31, 2025 and 2024 was $0.5 million and $0.2 million,
respectively.

Refer
to Note 8. Notes Payable for a description of a related party transaction involving the Nicholas and Melinda Gerber Living Trust (“Gerber
Trust”), of which our CEO is a trustee, pursuant to which, in connection with the Company’s recent debt financing transaction,
the Gerber Trust provided to the holder of the note issued in the financing transaction a guaranty of the Company’s performance
under the note and, as security, a pledge of all of the shares of the Company’s common stock owned by the Gerber Trust.

NOTE
12. INCOME TAXES

The
Company is required to make its best estimate of the annual effective tax rate for the full fiscal year and use that rate to provide
for income taxes on a current year-to-date basis. The effective tax rate could fluctuate in the future due to changes in the taxable
income mix between various jurisdictions.

NOTE
13. SEGMENT REPORTING

In
its operation of the business, our chief operating decision maker (“CODM”) who is our Chief Executive Officer reviews
revenues and profits in assessing segment performance and deciding how to allocate cash and other resources. Asset and expense
information by segment is not reported as the CODM does not evaluate segments on the basis of assets and expenses at each
segment.

 SCHEDULE
OF REVENUES FROM EXTERNAL CUSTOMERS  

    Three
                                            Months Ended
                                                                                March
                                            31,  
    Nine
                                            Months Ended
                                                                                March
                                            31, 

    2025  
    2024  
    2025  
    2024 
  
    Revenue from external customers: 

    Fund management - related party 
    $4,093  
    $4,406  
    $13,369