Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 269

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 269
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 values.

4. RECEIVABLES, NETReceivables, net consisted of the following (in thousands): 

        December 31, 2024

        June 30, 2024

        Customer trade receivables
         
        $
        11,025

        $
        12,373

        Wholesale trade advances

        11,108

        11,033

        Due from brokers and other

        12,014

        13,190

        $
        34,147

        $
        36,596

      Customer Trade Receivables. Customer trade receivables represent short-term, non-interest bearing amounts due from precious metal sales, advances related to financing products, and other secured interests in assets of the customer.Wholesale Trade Advances. Wholesale trade advances represent advances of various bullion products and cash advances for purchase commitments of precious metal inventory. Typically, these advances are unsecured, short-term, and non-interest bearing, and are made to wholesale metals dealers and government mints.Due from Brokers and Other. Due from brokers and other consists of the margin requirements held at brokers related to open futures contracts (see Note 12) and other receivables. 

5. SECURED LOANS RECEIVABLE Below is a summary of the carrying value of our secured loans (in thousands):

        December 31, 2024

        June 30, 2024

        Secured loans originated
         
        $
        85,463

        $
        96,573

        Secured loans originated - with a related party

        —

        15

        85,463

        96,588

        Secured loans acquired

        12,998

        16,479

        $
        98,461

        $
        113,067

      Secured Loans - Originated: Secured loans include short-term loans, which include a combination of on-demand lines and short-term facilities. These loans are fully secured by the customer's assets, which predominantly include bullion, numismatic, and semi-numismatic material, and are typically held in safekeeping by the Company. See Note 14 for further information regarding our secured loans made to related parties.Secured Loans - Acquired: Secured loans also include short-term loans, which include a combination of on-demand lines and short-term facilities that are purchased from our customers. The Company acquires a portfolio of their loan rece