Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 302

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1B
Chunk 302
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 business unit has been suffering from increased losses resulting from pandemic-related changes in its distribution
channels and increased costs. The impairment loss of $1.4 million included goodwill of $0.4 million and indefinite and finite lived intangible
assets totaling $1.0 million relating to brand name, formulas and customer relations. The Company determined the fair value of the reporting
unit using multiple methods including discounted cash flows and pricing of comparable companies.

NOTE
8. GOODWILL 

Changes
in the carrying amount of goodwill were as follows (in thousands):

 SCHEDULE
OF GOODWILL

    Goodwill 
    June 30, 2023  
    Acquisitions  
    Impairments  
    June 30, 2024  
    June 30, 2025 
  
    Beauty products - Original Sprout 
    $417  
    $-  
    $(417) 
    $-  
    $- 
  
    Food products - Gourmet Foods 
     275  
     -  
     -  
     275  
     275 
  
    Security systems - Brigadier 
     351  
     -  
     -  
     351  
     351 
  
    Financial services - Marygold & Co. (UK) (1) 
     1,264  
     591  
     -  
     1,855  
     1,855 
  
    Total 
    $2,307  
    $591  
    $(417) 
    $2,481  
    $2,481 

    (1)
    Refer
    to Note 6, Business Combinations, regarding increase in goodwill during the years ended June 30, 2024.

The
Company tests for goodwill impairment at each reporting unit annually on June 30. Refer to Note 7, Impairment Loss, regarding the goodwill
impairment recorded during 2024.

NOTE
9. INTANGIBLE ASSETS

The Company’s intangible assets consisted of the following. 

 SCHEDULE OF   INTANGIBLE ASSETS 

    June 30, 2025 
  
    Intangible Assets 
    Weighted Average Remaining Life (in years)  
    Intangible Assets (Gross)  
    Accumulated Amortization  
    Intangible Asset (Net) 

    (dollars in