Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 66

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 66
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adier
is a leading electronic security company in the province of Saskatchewan. Brigadier provides comprehensive security solutions including
access control, camera systems, fire alarm monitoring panels, and intrusion alarms to home and business owners as well as government
offices, schools, and public buildings. Its experience as the provider of choice for many large notable sites shows a commitment to design,
service and support. Brigadier specializes and is certified to offer several major manufacturers’ products, including: Honeywell
Security, Panasonic, Avigilon and JCI/DSC/Kantech security products.

Brigadier
is an authorized SecurTek dealer and is the largest SecurTek dealer in the province of Saskatchewan. SecurTek is owned by SaskTel, Saskatchewan’s leading Information and Communications Technology
(ICT) provider with over 1.4 million customer connections across Canada. Under the terms of its authorized dealer contract with the monitoring
company, Brigadier earns monthly payments during the term of the monitoring contract in exchange for performance of customer service
activities on behalf of the monitoring company.

10

Brigadier
is partially dependent upon its contractual relationship with SecurTek that provides monitoring services to Brigadier’s
customers. In the event this contract is terminated, Brigadier would be compelled to find an alternate source of alarm monitoring or
establish such a facility itself. Management believes that the contractual relationship is sustainable, and has been for many years,
but that alternate solutions would be available if such monitoring company terminates its agreement with Brigadier. Sales to its largest
customer, which includes contracts and recurring monthly support fees, were 44% of Brigadier’s total revenue for the year
ended June 30, 2025 as compared to 42% for the year ended June 30, 2024.

Sources
and Availability of Materials

Brigadier
purchases alarm panels, digital and analog cameras, mounting hardware and accessory items needed to complete security installations from
a variety of sources. The manufacture of electronic items such as those sought by Brigadier has expanded to a global scale thus providing
Brigadier with a broad choice of suppliers. Brigadier bases its vendor selection on several criteria including: price, availability,
shipping costs, quality, suitability for purpose and the technical support of the manufacturer. Brigadier is not reliant on any one supplier.

Competition

Brigadier
competes with several larger, better financed companies that offer similar products and services in Saskatchewan and Canada generally
as well as globally. In addition, Brigadier may face increasing