Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 847

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 8
Chunk 847
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 or range of such loss.

How
We Addressed the Matter in Our Audit

To
test the Company’s assessment of the probability of incurrence of a loss, whether the loss was reasonably estimable, and the conclusion
and disclosures regarding any range of possible losses, including when the Company believes such a range cannot be reasonably estimated
at this time, we read the minutes or a summary of the meetings of the Board of Directors, requested and received internal and external
legal counsel confirmations letters, discussed with legal counsel the nature of the various matters and obtained representations from
management. We also evaluated the appropriateness of the related disclosures included in Note 14, Commitments and Contingencies, to the
consolidated financial statements.

/s/ BPM LLP 

We have served as the Company’s auditor since 2017. 

San
Francisco, California

September 19, 2025

F-1

Table of Contents

THE
MARYGOLD COMPANIES, INC.

CONSOLIDATED
BALANCE SHEETS

(in
thousands, except per share data)

    June 30, 2025  
    June 30, 2024 

    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $5,005  
    $5,461 
  
    Accounts receivable, net (of which $1,281 and $1,455, respectively, due from related parties) 
     2,361  
     2,678 
  
    Inventories 
     2,001  
     2,191 
  
    Prepaid income tax and tax receivable 
     783  
     1,338 
  
    Investments, at fair value 
     7,829  
     9,551 
  
    Other current assets 
     1,067  
     3,034 
  
    Total current assets 
     19,046  
     24,253 

    Restricted cash 
     63  
     62 
  
    Property and equipment, net 
     1,038  
     1,166 
  
    Operating lease right-of-use asset 
     984  
     974 
  
    Goodwill 
     2,481  
     2,481 
  
    Intangible assets, net 
     1,029  
     1,375 
  
    Deferred tax assets, net