Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 868

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 8
Chunk 868
---
 Losses  
    Estimated Fair Value 
  
    Money market funds 
    $1,788  
    $-  
    $-  
    $1,788 
  
    Other short-term investments 
     295  
     1  
     -  
     296 
  
    Other equities - related parties 
     7,394  
     73  
     -  
     7,467 
  
    Total short-term investments 
    $9,477  
    $74  
    $-  
    $9,551 

During
the years ended June 30, 2025 and 2024, there were no transfers between Level 1 and Level 2.

NOTE
6. BUSINESS COMBINATIONS

On
January 31, 2024, Marygold UK entered into a Share Purchase Agreement (“SPA”) to acquire all the issued and outstanding shares
of Step-By-Step Financial Planners Limited (“Step-By-Step”), subject to certain closing conditions and regulatory approval.
The transaction closed on April 30, 2024 with an agreed purchase price of $1.2 million, subject to adjustment as provided for in the
SPA. Marygold UK paid $0.7 million upon the closing, $0.3 million during fiscal year 2025 and the remaining $0.2 million will be paid
in the quarter ended December 31, 2025 as provided in the SPA. In connection with the acquisition, the Company recorded goodwill of $0.6
million. Step-By-Step is an asset manager and investment advisor based in Staffordshire, England with assets under management of $42.4
million and $36.6 million as of June 30, 2025 and 2024, respectively. Step-By-Step will be operated as a subsidiary of Marygold UK. In
addition to growing the business through increasing assets under management, Marygold UK has expanded the fintech mobile app services
developed in the U.S. into the U.K. through the established contacts and certifications held by Step-By-Step.

    F-16

NOTE
7. IMPAIRMENT LOSS

During
fiscal 2024, the Company recorded an impairment loss of $1.4 million related to the goodwill and other intangible assets in its beauty
products business unit. The business unit has been suffering from increased losses resulting from pandemic-related changes