Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 88

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 internal control over financial reporting (as defined in Rules 13a-15(f) or 15d-15(f) under
the Securities Exchange Act) during the quarterly period covered by this report that have materially affected or are reasonably
likely to materially affect our internal controls over financial reporting.

29

PART
II - OTHER INFORMATION

Item
1. Legal Proceedings

Refer
to “Note 10. Commitments And Contingencies – Litigation” in our Condensed Consolidated Financial Statements included
in this Report.

Item
1A. Risk Factors

We
are subject to certain risks and uncertainties in our business operations. In addition to the risks described below, you should
carefully consider the factors discussed under “Item 1A -Risk Factors” in our Annual Report on Form 10-K for our fiscal
year ended June 30, 2024 (“2024 Form 10-K”) and in our Quarterly Report on Form 10-Q for the quarter ended December 31, 2024 (“December 31, 2024 Form 10-Q”). The risks discussed in our 2024 Form 10-K, our December 31, 2024 Form 10-Q and other filings with the SEC, and the risks discussed below
could materially affect our business, financial condition, results of operations and the market for our shares. The risks described
in our 2024 Form 10-K, our December 31, 2024 Form 10-Q, and other SEC filings, and the risks
described below are not the only risks we face. Additional risks and uncertainties not currently known to us or that
we currently deem to be immaterial also may materially and adversely affect our business, financial condition or operating
results.

Risks
Related to our Recent Note Financing

In
addition to the net proceeds we received from our recent equity and debt financings, we may need to raise additional equity or debt financing
to continue the development and marketing of our Fintech app, to fund ongoing operations, invest in acquisitions, and for working capital
purposes. Our inability to raise such additional financing may limit our ability to continue the development of our Fintech app.

In
2019, through our wholly owned subsidiary, Marygold & Co., we began development of our peer-to-peer Fintech digital money app.
As of March 31, 2025, we have invested approximately $19 million in the development of our Fintech app and we have continued