Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 6

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 Step-By-Step Financial
    Planners Limited, a company incorporated and registered in England and Wales, whose registered office is in Staffordshire, England.

While the Company operates in several business segments, its primary business
focus is the financial services industry, including ETF management, and its intention is to continue developing these and similar business
segments prospectively.

The Company manages the operations of its subsidiaries and their related
businesses on a decentralized basis. There are generally no centralized or integrated operational functions such as marketing, sales,
or other synergistic services and there is little involvement by our executive management in the day-to-day business affairs of the Company’s
subsidiaries apart from oversight. Our executive management team is primarily responsible for vision and strategy of the Company while
effectively implementing capital allocation decisions, investment activities, leadership talent selection, development, performance and
retention of the management executives to head each of the operating subsidiaries. The Company’s executive management is also responsible
for organizational accountability, corporate governance practices, monitoring regulatory affairs, including those of our operating businesses
and involvement in governance-related issues of its subsidiaries as needed.

NOTE
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation and Accounting Principles

The
Company has prepared the accompanying unaudited condensed financial statements on a consolidated basis. In the opinion of management,
the accompanying unaudited condensed consolidated balance sheets, related statements of operations, comprehensive loss, stockholders’
equity and cash flows include all adjustments, consisting only of normal recurring items, necessary for their fair presentation, prepared
on an accrual basis, in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”)
but does not include all of the information and footnotes required by U.S. GAAP for complete audited financial statements. Operating
results for the three months  ended September 30, 2025 are not necessarily indicative of the results that may be expected
for the year ending June 30, 2026. The condensed consolidated balance sheet as of June 30, 2025, has been derived from the audited consolidated
financial statements at that date included in our annual report on Form 10-K for the year ended June 30, 2025, but does not include all
of the information and footnotes required by U.S. GAAP for complete audited financial statements. The information included in this Report
should be read in conjunction with information included in the Company’s Annual Report