Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 12

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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tained 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 sheet as shown
below in the table “Other Assets, non-current” below.

 SCHEDULE OF INVENTORY 

    December 31,  
    June 30, 
  
    Inventories 
    2024  
    2024 
  
    Raw materials and supplies 
    $1,268  
    $1,417 
  
    Finished goods 
     921  
     774 
  
    Total inventories 
    $2,189  
    $2,191 

 SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

    December 31,  
    June 30, 
  
    Property and equipment, net 
    2024  
    2024 
  
    Manufacturing equipment 
    $1,935  
    $1,935 
  
    Land and building 
     575  
     575 
  
    Other equipment 
     847  
     827 
  
    Total property and equipment, gross 
     3,357  
     3,337 
  
    Accumulated depreciation 
     (2,336) 
     (2,171)
  
    Total property and equipment, net 
    $1,021  
    $1,166 

Depreciation
expense for property and equipment was less than $0.1 million for the three months ended December 31, 2024 and 2023, respectively, and $0.1 million for the six months ended December 31, 2024 and 2023, respectively.

 SCHEDULE
OF GOODWILL

    December 31,  
    June 30, 
  
    Goodwill 
    2024  
    2024 
  
    Food products – Gourmet Foods 
    $275  
    $275 
  
    Security systems - Brigadier 
     351  
     351 
  
    Financial Services – Marygold & Co. (UK) 
     1,855  
     1,855 
  
    Total goodwill 
    $2,481  
    $2,481 
  
    Goodwill 
    $2,481  
    $2,