Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 8

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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    Net
    loss available to common shareholders 
    $(4,316) 
     40,577  
    $(0.11) 
    $(2,158) 
     39,414  
    $(0.05)
  
    Net
    loss available to preferred shareholders 
     (28) 
     266  
    $(0.11) 
     (54) 
     987  
    $(0.05)
  
    Basic
    and diluted net loss per share 
     $(4,344) 
     40,843  
    $(0.11) 
    $(2,212) 
     40,401  
    $(0.05)

    11

NOTE
4. CERTAIN BALANCE SHEET DETAILS

The
components of certain balance sheet line items are as follows (in thousands).

 SCHEDULE OF COMPONENTS OF CERTAIN BALANCE SHEET 

    March 31,  
    June 30, 
  
    Restricted
    cash 
    2025  
    2024 
  
    Deposit restricted relating to
    account for Fintech app 
    $50  
    $50 
  
    Deposit for securing a
    lease bond 
     12  
     12 
  
    Total restricted cash 
    $62  
    $62 

    March
    31,

    June
    30,

    Other
    current assets
     
    2025

    2024

    Deposit
    for potential 9.9% equity interest in financial institution
     
    $
    -

    $
    1,800

    Prepaid
    expenses and other current assets

    703

    1,234

    Total
    other current assets
     
    $
    703

    $
    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