Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 700

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 6
Chunk 700
---
     4,374  
     -  
     (734) 
     3,640 
  
    Total short-term investments 
    $8,561  
    $2  
    $(734) 
    $7,829 

    F-15

    June 30, 2024 

    Cost  
    Gross Unrealized Gains  
    Gross Unrealized Losses  
    Estimated Fair Value 
  
    Money market funds 
    $1,788  
    $-  
    $-  
    $1,788 
  
    Other short-term investments 
     295  
     1  
     -  
     296 
  
    Other equities - related parties 
     7,394  
     73  
     -  
     7,467 
  
    Total short-term investments 
    $9,477  
    $74  
    $-  
    $9,551 

During
the years ended June 30, 2025 and 2024, there were no transfers between Level 1 and Level 2.

NOTE
6. BUSINESS COMBINATIONS

On
January 31, 2024, Marygold UK entered into a Share Purchase Agreement (“SPA”) to acquire all the issued and outstanding shares
of Step-By-Step Financial Planners Limited (“Step-By-Step”), subject to certain closing conditions and regulatory approval.
The transaction closed on April 30, 2024 with an agreed purchase price of $1.2 million, subject to adjustment as provided for in the
SPA. Marygold UK paid $0.7 million upon the closing, $0.3 million during fiscal year 2025 and the remaining $0.2 million will be paid
in the quarter ended December 31, 2025 as provided in the SPA. In connection with the acquisition, the Company recorded goodwill of $0.6
million. Step-By-Step is an asset manager and investment advisor based in Staffordshire, England with assets under management of $42.4
million and $36.6 million as of June 30, 2025 and 2024, respectively. Step-By-Step will be operated as a subsidiary of Marygold UK. In
addition to growing the business through increasing assets under management, Marygold UK has expanded the fintech mobile app services
developed in the U