Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 441

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 2
Chunk 441
---
     146 
  
    2029 
     144 
  
    2030 
     54 
  
    Thereafter 
     249 
  
    Total 
    $1,029 

    F-17

NOTE
10. RELATED PARTY TRANSACTIONS 

USCF
Investments - Related Party Transactions

The
Funds managed by USCF and USCF Advisers are considered to be related parties. The Company’s fund management revenue, totaling
$17.1
million and $19.0
million for the years ended June 30, 2025 and 2024, respectively, were earned from these related parties. Accounts receivable,
totaling $1.3
million and $1.5
million as of June 30, 2025 and 2024, respectively, were owed from the Funds that are related parties. USCF Investments, from time
to time, provides initial investments in the creation of ETP and ETF funds that USCF manages. As of June 30, 2025 and 2024, the
Company has investments  totaling $3.6
million and $7.5
million, respectively, of funds managed by USCF Advisers. The Company owns approximately 21%
and 45%
of the outstanding shares of these investments as of June 30, 2025 and 2024, respectively.

USCF Advisers was contractually obligated to pay license fees to an affiliated entity for fiscal years 2025 and 2024.
In February 2025, the license fee agreement was amended to reduce all remaining 2025 and future license fees to zero. As of June 30, 2025,
all obligations had been paid. Total fees paid were $0.3 million and $0.1 million for the years ending June 30, 2025 and 2024, respectively.

Brigadier Security Systems - Related Party Transactions

On June 19, 2025, the Company entered
into a stock purchase agreement with SKCAL LLC, an Arizona limited liability company, pursuant to which the Company has
agreed to sell to SKCAL LLC all of the shares of stock it owns in its wholly owned subsidiary, Brigadier Security Systems (2000)
Ltd., a Canadian registered corporation for $2.2 million. Scott Schoenberger, a director and 10.9%
shareholder of the Company, is the sole member of SKCAL LLC making this transaction between related parties