Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 84

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 84
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 reported, within the time periods specified by the SEC’s rules and forms, and
is made known to management (including the certifying officers) by others within the company, including our subsidiaries. We regularly
evaluate the effectiveness of our disclosure controls and procedures and report our conclusions about the effectiveness of the disclosure
controls quarterly in our Quarterly Reports on Form 10-Q and annually in our Annual Reports on Form 10-K. In completing such reporting,
we disclose, as appropriate, any significant change in our internal control over financial reporting that occurred during our most recent
fiscal period that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Also,
as a public company, we are subject to rules adopted by the SEC pursuant to Section 404 of the Sarbanes-Oxley Act, which require us to
include in our annual report on Form 10-K our management’s report on, and assessment of the effectiveness of, our internal control
over financial reporting (“management’s report”). If we fail to achieve and maintain the adequacy of our disclosure
control or internal control over financial reporting, there is a risk that we will not comply with all of the requirements imposed by
Section 404. Moreover, effective internal control over financial reporting, particularly that relate to revenue recognition, is necessary
for us to produce reliable financial reports and is important in helping to prevent financial fraud. Any of these possible outcomes could
result in an adverse reaction in the financial marketplace due to a loss in investor confidence in the reliability of our financial statements,
which ultimately could harm our business and could negatively impact on the market price of our common stock. Investor confidence and
the price of our common stock may be adversely affected if we are unable to comply with Section 404 of the Sarbanes-Oxley Act.

We
are a “smaller reporting company” within the meaning of the Securities Act and Securities Exchange Act and we intend to take
advantage of certain exemptions from disclosure requirements available to smaller reporting companies which could make our securities
less attractive to investors and may make it more difficult to compare our performance with that of other public companies.

We
are a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage
of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We
will remain a smaller reporting company until the last day of the fiscal year in which (i