Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 115

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 115
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Related parties include entities which the Company controls or has the ability to significantly influence, and entities which are under common control with the Company. Related parties also include persons who are affiliated with related entities or the Company who are in a position to influence corporate decisions (such as owners, executives, board members and their families). In the normal course of business, we enter into transactions with our related parties. Below is a list of related parties with whom we have had significant transactions during the presented periods:1)Stack’s Bowers Numismatics, LLC ("Stack's Bowers Galleries"). Stack's Bowers Galleries is a wholly-owned subsidiary of Spectrum Group International, Inc. ("SGI"). SGI and the Company have a common chief executive officer, and the chief executive officer and the general counsel of the Company constitutes a majority of the board members of SGI.2)Solid Crossing Inc. ("Solid Crossing"). SGB's corporate office space is leased from Solid Crossing, whose owners are affiliates of SGB.3)Equity method investees. As of December 31, 2024, the Company had six investments in privately-held entities which have been determined to be equity method investees and related parties.Our related party transactions primarily include (i) sales and purchases of precious metals, (ii) financing activities, (iii) repurchase arrangements, (iv) hedging transactions, and (v) related party lease and construction arrangements. Below is a summary of our related party transactions. The amounts presented for each period reflect each entity’s related party status for that period.

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Balances with Related PartiesReceivables and Payables, NetOur related party net receivables and payables balances were as shown below (in thousands):

        December 31, 2024
         
        June 30, 2024

        Receivables
         
        Payables
         
        Receivables
         
        Payables

        Stack's Bowers Galleries
         
        $
        —

        $
        1,575
         
         (3)
         
        $
        729
         
         (1)
         
        $
        —

        Equity method investees

        716
         
        (2)

        4,338
         
         (4)

        —

        12,986
         
         (4)

        Other

        —

        4,577
         
         (4)

        —