Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 72

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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4 and 2023, respectively, of dividends earned from these related party
investments.

USCF
Advisers is contractually obligated to pay license fees up to $0.9 million to an affiliated entity related to intellectual property rights
for two of the funds during fiscal 2025 and 2026. The amount of license fee accrued as an expense during the three months ended December
31, 2024 and 2023 was $0.2 million and $0.1 million, respectively, and during the six months ended December 31, 2024 and 2023 was $0.5
million and $0.2 million, respectively.

Refer
to Note 8. Notes Payable for a description of a related party transaction involving the Nicholas and Melinda Gerber Living Trust (“Gerber
Trust”), of which our CEO is a trustee, pursuant to which, in connection with the Company’s recent debt financing transaction,
the Gerber Trust provided to the holder of the note issued in the financing transaction a guaranty of the Company’s performance
under the note and, as security, a pledge of all of the shares of the Company’s common stock owned by the Gerber Trust.

NOTE
12. INCOME TAXES

The
Company is required to make its best estimate of the annual effective tax rate for the full fiscal year and use that rate to provide
for income taxes on a current year-to-date basis. The effective tax rate could fluctuate in the future due to changes in the taxable
income mix between various jurisdictions.

NOTE
13. SEGMENT REPORTING

In
its operation of the business, our chief operating decision maker (“CODM”) who is our Chief Executive Officer reviews
revenues and profits in assessing segment performance and deciding how to allocate cash and other resources. Asset information by
segment is not reported as the CODM does not evaluate segments on the basis of assets at each segment.

 SCHEDULE
OF REVENUES FROM EXTERNAL CUSTOMERS  

    2024  
    2023  
    2024  
    2023 

    Three Months Ended December 31,  
    Six Months Ended December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Revenue from external customers: 

    Fund management - related party 
    $4,685  
    $4,997  
    $9