Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 62

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---
 by the Company with the SEC on March 7, 2025.

Stock-based
Compensation

During
the nine months ended March 31, 2025, the following activity occurred under the Company’s Equity Incentive Plan.

SCHEDULE OF SHARE BASED COMPENSATION ACTIVITY 

    Stock
    Options  
    Restricted
    Stock 

    Number
    of Shares  
    Weighted Average Exercise
                                                                                Price  
    Number
    of Shares  
    Weighted Average Grant Date
                                                                                Fair Value 
  
    Balance at June 30, 2024 
     540,881  
    $1.34  
     681,013  
    $1.15 
  
    Granted 
     100,000  
    $1.45  
     264,890  
    $1.45 
  
    Released 
     -  
    $-  
     (622,349) 
    $1.23 
  
    Forfeited 
     (173,221) 
    $1.37  
     (84,632) 
    $1.14 
  
    Outstanding at March 31, 2025 
     467,660  
    $1.35  
     238,922  
    $1.28 
  
    Exercisable at March 31, 2025 
     229,188  
    $1.37  

The
fair value of the options granted during the nine months ended March 31, 2025 was $1.34 per share which was estimated using the following
assumptions:

SCHEDULE
OF SHARE BASED COMPENSATION ESTIMATED USING ASSUMPTIONS  

    Three
    and Nine Months Ended March 31, 2025 
  
    Expected volatility 
     137%
  
    Expected term 
     6.1
                                            years 
  
    Risk-free interest rate 
     4.5%
  
    Expected dividend yield 
     0%

As
of March 31, 2025, there was $0.3 million of unrecognized compensation expense related to outstanding stock options that will be recognized
over a remaining weighted average period of 2.6 years. The weighted average remaining contractual life of the outstanding stock options
as of March 31, 2025 was 6.3 years. As of March 31,