Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 42

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 8
Chunk 42
---
22,025  
    $22,319 
  
    New Zealand 
     3,457  
     3,898 
  
    United Kingdom 
     3,210  
     3,586 
  
    Canada 
     1,728  
     3,096 
  
    Consolidated total 
    $30,420  
    $32,899 

NOTE
16. SUBSEQUENT EVENTS

On
June 19, 2025, TMC entered into a stock purchase agreement (“Agreement”) with
SKCAL LLC, an Arizona limited liability company (“SKCAL”), pursuant to which The Marygold Companies has agreed to sell to SKCAL
all of the shares stock that it owns in its wholly owned subsidiary, Brigadier Security Systems (2000) Ltd., a Canadian registered corporation
(“Brigadier”). Scott Schoenberger, a director and a 10.9% shareholder of The Marygold Companies, is the sole member of SKCAL. The closing
(“Closing”) of the sale of the Shares took place on July 1, 2025, (“Closing Date”).

Pursuant
to the Agreement, the purchase price for the Shares to be acquired by SKCAL at Closing will be $2.2
million subject to certain adjustments thereto. An initial payment of $0.2
million was paid within a few days of the execution and delivery of the Agreement by the parties. An additional $1.0
million was paid on or about the Closing Date, of which $0.5
million was received as of June 30, 2025. A final payment of $1.0 million
was payable on September 1, 2025, subject to adjustment upward or downward thereto in the event of a difference between the Closing
Date schedule of Brigadier’s current assets and liabilities as of June 30, 2025, (“Target Balance
Sheet”) and the schedule of Brigadier’s audited current assets and liabilities as of June 30, 2025,
(“Final Balance Sheet”) including adjustments in the event accounts receivable become uncollectable, cash
balances increase or decrease, and/or any liabilities arise prior to Closing but which were not set forth on such Target Balance
Sheet. After a comparison of the Final Balance Sheet and the Target Balance Sheet, it was determined and agreed that an upwards
adjustment of $0.1
million be added to the purchase