Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 121

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 121
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 exceeded its interest income.

36

For the three months ended December 31, 2024 and 2023, interest expense related to the AMCF Notes (including loan amortization costs) totaled $0.0 million and $1.1 million, which represents 0.0% and 11.1% of the total interest expense recognized by the Company, respectively. For the six months ended December 31, 2024 and 2023, interest expense related to the AMCF Notes (including loan amortization costs) totaled $0.0 million and $2.5 million, which represents 0.0% and 12.5% of the total interest expense recognized by the Company, respectively. Prior to repayment, the AMCF Notes' weighted-average effective interest rate was 5.9%.Notes Payable — Related PartySee Note 14.Liabilities on Borrowed MetalsThe Company recorded liabilities on borrowed metals with market values totaling $33.9 million and $32.0 million as of December 31, 2024 and June 30, 2024, respectively, which were included in inventories on the consolidated balance sheet.For the three months ended December 31, 2024 and 2023, the interest expense related to liabilities on borrowed metals totaled $0.9 million and $0.4 million, which represents 8.4% and 3.6% of the total interest expense recognized by the Company, respectively. For the six months ended December 31, 2024 and 2023, the interest expense related to liabilities on borrowed metals totaled $1.6 million and $0.9 million, which represents 8.0% and 4.6% of the total interest expense recognized by the Company, respectively. Advanced Pool MetalsThe Company borrows precious metals from its suppliers and customers under short-term agreements using other precious metals from its inventory as collateral. The Company has the ability to sell the metals advanced. These arrangements can be settled by repayment in similar metals or in cash. Once the obligation is settled, the metals held as collateral are released back to the Company.Liabilities on Borrowed Metals — OtherLiabilities may also arise from: (i) unallocated metal positions held by customers in the Company’s inventory, (ii) amounts due to suppliers for the use of their consigned inventory, and (iii) shortages in unallocated metal positions held by the Company in the supplier’s inventory. Unallocated or pool metal represents an unse