Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 18

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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(173,221) 
    $1.37  
     (84,632) 
    $1.14 
  
    Outstanding at March 31, 2025 
     467,660  
    $1.35  
     238,922  
    $1.28 
  
    Exercisable at March 31, 2025 
     229,188  
    $1.37  

The
fair value of the options granted during the nine months ended March 31, 2025 was $1.34 per share which was estimated using the following
assumptions:

SCHEDULE
OF SHARE BASED COMPENSATION ESTIMATED USING ASSUMPTIONS  

    Three
    and Nine Months Ended March 31, 2025 
  
    Expected volatility 
     137%
  
    Expected term 
     6.1
                                            years 
  
    Risk-free interest rate 
     4.5%
  
    Expected dividend yield 
     0%

As
of March 31, 2025, there was $0.3 million of unrecognized compensation expense related to outstanding stock options that will be recognized
over a remaining weighted average period of 2.6 years. The weighted average remaining contractual life of the outstanding stock options
as of March 31, 2025 was 6.3 years. As of March 31, 2025, there was $0.2 million of unrecognized compensation expense related to outstanding
restricted stock awards (RSAs) that will be recognized over a remaining weighted average period of 1.1 years. The total stock-based compensation
expense recognized during the quarters ended March 31, 2025 and 2024 were each $0.1 million and the nine-month periods ended March 31,
2025 and 2024 were $0.7 million and $0.3 million, respectively.

During
the three and nine months ended March 31, 2025, the Company repurchased 37,597 and 210,817 
common shares, respectively, from employees for less than $0.1 million and approximately $0.3
million, respectively, to cover employee payroll taxes in connection with restricted stock awards. No similar transactions
occurred during the three or nine months ended March 31, 2024.

    16

NOTE
10. COMMITMENTS AND CONTINGENCIES

Lease
Commitments

For
each of the