Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 837

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7A
Chunk 837
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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 price resulting in the final payment amount being $1.1
million.

On June
17, 2025, the independent members of the board of directors of the Company completed their review of an independent valuation of the
fair market value of Brigadier and based upon such valuation and their review of the terms of the proposed transaction, approved the
transaction. The audit committee of the Company continued to have oversight of the transaction through the Closing Date of July 1,
2025, and the final payment adjustment procedures concluding on September 1, 2025. While the Chief Operating Decision Maker
evaluated the security systems segment for operational purposes through June 30, 2025, this was not considered a significant
operation to the Company during the years ended June 30, 2025 and 2024, respectively. As of June 30, 2025, Brigadier had total assets of $1.7 million and total liabilities of $0.3 million.

F-28

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM
9A. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

The
Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the
Company’s Chief Executive Officer and Chief Accounting Officer, of the effectiveness of the design and operation of the Company’s
disclosure controls and procedures, as required by Securities Exchange Act Rule 13a-15, as of the end of the period covered by this report.
Based upon that evaluation, the Chief Executive Officer and Chief Accounting Officer concluded that the Company’s disclosure controls
and procedures were effective as of June 30, 2025 (the end of the period covered by this annual report) and provided reasonable assurances
that the information the Company is required to disclose in the reports it files or submits under the Securities Exchange Act of 1934
is recorded, processed, summarized and reported within the time period required by the Commission’s rules and forms. Further, the
Company’s management, including the Company’s Chief Executive Officer and Chief Accounting Officer, concluded that its disclosure
controls and procedures are also effective to ensure that information required to be disclosed in the reports that it files