Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 138

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 138
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 less than 10% in a domestic financial institution and the $0.5 million investment
represents a 10% equity interest in a registered investment advisor. These equity interests do not have readily determinable fair values
and are measured at cost minus impairment. There have been no impairments, downwards adjustments, nor upward adjustments during the periods
presented nor cumulatively.

 SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 

    June 30,  
    June 30, 
  
    Accounts payable and accrued expenses 
    2025  
    2024 
  
    Accounts payable 
    $2,083  
    $1,955 
  
    Accrued operating expenses 
     1,151  
     1,185 
  
    Accrued payroll, vacation and bonus payable 
     597  
     736 
  
    Taxes payable 
     -  
     145 
  
    Total 
    $3,831  
    $4,021 

NOTE
5. INVESTMENTS 

USCF
Investments, from time to time, provides initial seed capital in connection with the creation of ETPs or ETFs that are managed by
USCF or USCF Advisers. USCF Investments classifies these investments as current assets as these investments are generally sold
within one year of the balance sheet date. Investments in which no controlling financial interest or significant influence exists
are recorded at fair value with the change included in earnings on the Consolidated Statements of Operations. 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 which are related parties and are included in other equities in the below
table. The Company elected the fair value option related to this investment as the shares were purchased and will be sold on the
market and this accounting treatment is deemed to be most informative. In addition to the holdings in these funds, the Company also
invests in marketable securities. The Company recognized unrealized losses of $0.8
million and unrealized gains of $0.1
million for the years ended June 30, 2025 and 2024, respectively.

All
of the Company’s short-term investments are classified as Level 1 assets as of June 30, 2025 and 2024. Investments