Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 273

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 273
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 if it is probable, based on current information and events, that the Company will be unable to collect all amounts due according to the contractual terms of the loan. Customer loans are reviewed for impairment and include loans that are non-performing, or if the customer is in bankruptcy. In the event of an impairment, recognition of interest income would be suspended, and the loan would be placed on non-accrual status at the time. Accrual would be resumed, and previously suspended interest income would be recognized, when the loan becomes contractually current and/or collection doubts are removed. Cash receipts on impaired loans are recorded first against the principal and then to any unrecognized interest income. For the three and six months ended December 31, 2024, the Company incurred no loan impairment costs, and no loans were placed on a non-accrual status.

6. INVENTORIESOur inventory consists of the precious metals that the Company has physically received, and inventory held by third-parties, which, at the Company's option, it may or may not receive. The following table summarizes the components of our inventory (in thousands): 

        December 31, 2024

        June 30, 2024

        Inventory held for sale
         
        $
        386,941

        $
        342,196

        Repurchase arrangements with customers

        215,372

        199,559

        Consignment arrangements with customers

        3,158

        2,416

        Commemorative coins, held at lower of cost or net realizable value

        2,900

        3,236

        Borrowed precious metals

        33,888

        31,993

        Product financing arrangements

        551,937

        517,744

        $
        1,194,196

        $
        1,097,144

       Inventory Held for Sale. Inventory held for sale represents precious metals, excluding commemorative coin inventory, that have been received by the Company and are not subject to repurchase by or consignment arrangements with third parties, borrowed precious metals, or product financing arrangements. As of December 31, 2024 and June 30, 2024, inventory held for sale totaled $386.9 million and $342.2 million, respectively.Repurchase Arrangements with Customers. The Company enters into arrangements with certain customers under which A-Mark sells and then purchases precious metals from the