Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 99

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 99
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 decide to promote our Fintech app to
third party financial institutions or other payment providers as a license, fee-based service, or otherwise, in the event, in addition
to the net proceeds we received from our recent equity financing, financing is not available on terms acceptable to us or at all, and
in sufficient amounts to continue to fund our Fintech app development.

In the event we are unable to raise additional financing
to further develop our Fintech app business discussed above, management may, as an alternative, seek to enter arrangements to license
or otherwise offer our Fintech app to third parties, including financial institutions and other payment providers in the U.S. and abroad.
Although management believes there are several financial institutions and other payment providers in the U.S. and abroad who may be interested
in a consumer faced mobile app such as ours, there can be no assurance we will be successful in monetizing our app in its current state
of development to these third parties through license, fee-based user, or other arrangement.

20

ITEM
1B. UNRESOLVED STAFF COMMENTS

None

ITEM
1C. CYBERSECURITY

The
Company recognizes that cybersecurity threats may pose significant business risks and has developed processes for identifying, assessing,
and managing these threats. The Company has implemented a plan for cybersecurity and cyber-related management across its varied business
units. This plan allows each business unit to tailor solutions to identify, manage, and mitigate risks based on their own assessment
of their unique cybersecurity risks in conjunction with each business unit’s overall risk management process. Having each business unit implement its own plan helps enable appropriate compliance in reporting material cyber events and risks across the Company.

Each
business unit’s Chief Information Security Officer (“CISO”) on at least an annual basis is to provide a report to the
Company’s senior management, regarding the state of their cybersecurity program and its material cyber risks. These reports are
then shared with the Company’s cybersecurity oversight committee to inform and augment the Company’s risk management processes.
Additionally, each business unit is required to maintain an incident reporting process to report significant cybersecurity events to
the Company. The Company and its business units discuss and partner with third parties to assess, mitigate, audit, educate, implement,
operate, protect, and remediate various cybersecurity related elements.

The
Company and its business units rely on third-party service providers for its products and services to run their information systems.
This dependence exposes us, along with others who use these service providers, of