Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 77

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 77
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 above, sales of our shares of common stock be made at a minimum price per share of $1.50 unless, at any time, Maxim
and the Company mutually agree upon a lower minimum price per share. We have not sold any shares pursuant to the EDA. The offer and sale,
if any, of our shares of common stock under the EDA will be made pursuant to our shelf registration statement on Form S-3 which was filed
with the SEC on December 18, 2024, and became effective on December 27, 2024, the base prospectus included therein, and a prospectus supplement
that was filed by the Company with the SEC on March 7, 2025.

The
Company believes that its cash and cash equivalents along with the cash generated from ongoing operations will be sufficient to fund
its cash requirements over the next 12 months. However, based on our current operating plan which we expect may include continued additional
investments in our mobile Fintech app for the U.K. market, we may need to raise additional funds through one or more debt, equity or
equity linked financings to meet our operating and cash needs. There can be no assurance we will be able to raise such additional financing
upon terms acceptable to us or at all. In the event we are unable to obtain additional financing in an amount or upon terms acceptable
to us, we expect to further reduce or curtail our investment in the development of our Fintech app.

Lease
Liability

The
Company has various leases for offices, warehouses and manufacturing facilities. The total amount due under these obligations was $0.9
million as of September 30, 2025. The obligations will reduce over the passage of time
through periodic lease payments. See Note 10 for further analysis of this obligation.

23

Investments

USCF
Investments, from time to time, provides initial investments in the creation of ETP funds that USCF Investments manages. USCF Investments
classifies these investments as current assets as these investments are generally sold within one year from the balance sheet date. As
of September 30, 2025, USCF Investments held investment positions in three of its exchange traded funds registered under the Investment
Company Act of 1940, as amended, ZSB, USE and ZSC of $0.3 million, $0.9 million, and $1.3 million, respectively. These investment positions
along with other investments, as