Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 83

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 83
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 to operate as a public reporting company as required by the Securities Exchange Commission.

We
incur substantial legal, financial, accounting and other costs and expenses to operate as a public reporting company. We believe
that these costs are a disproportionately larger percentage of our revenues than they are for larger companies. In addition, the
rules and regulations of the SEC impose significant requirements on public reporting companies,
including ongoing disclosure obligations and mandatory corporate governance practices. Our senior management and other personnel need
to devote a substantial amount of time and resources to ensure ongoing compliance with SEC requirements to maintain its status as a public
reporting company. There can be no assurance that the Company will continue to have sufficient resources in the future to maintain its
public company status.

As
a public reporting company, we are subject to rules and regulations established from time to time by the SEC and Public Company Accounting
Oversight Board (“PCAOB”) regarding our internal control over financial reporting. If we fail to establish and maintain effective
internal control over financial reporting and disclosure controls and procedures, we may not be able to accurately report our financial
results or report them in a timely manner. Investor confidence in the price of our stock may be adversely affected if we are unable to
comply with such rules and regulations.

As
a public reporting company under the Securities Exchange Act, we are subject to the rules and regulations established from time to time
by the SEC and the PCAOB. These rules and regulations require, among other things, that we establish and periodically evaluate procedures
with respect to our internal control over financial reporting. In addition, as a public company we are required to document and test
our internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley Act”)
so that our management can certify as to the effectiveness of our internal control over financial reporting, which requires us to document
and test our internal control over financial reporting.

Our
Chief Executive Officer and Chief Accounting Officer (“certifying officers”) are responsible for establishing and maintaining
our disclosure controls and procedures (as defined in Securities Exchange Act Rule 13a-15(e) and Rule 15d-15(e)).

Our
certifying officers designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed
under their supervision, to ensure that information required to be disclosed by us in the reports we file or submit under the Securities
Exchange Act is recorded, processed, summarized and