Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 157

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 157
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ATING (LOSS) INCOME FROM EXTERNAL CUSTOMERS

    Year Ended June 30, 

    2025  
    2024 
  
    Operating income (loss): 

    Fund management - related party 
    $3,274  
    $4,773 
  
    Food products 
     145  
     321 
  
    Beauty products 
     (395) 
     (2,138)
  
    Security systems 
     250  
     325 
  
    Financial services 
     (5,621) 
     (5,943)
  
    Corporate headquarters 
     (4,343) 
     (3,594)
  
    Total operating loss 
    $(6,690) 
    $(6,256)

The
following table presents a summary of identifiable assets by geographical location (in thousands):

 SCHEDULE
OF IDENTIFIABLE ASSETS BY GEOGRAPHICAL LOCATION

    June 30, 

    2025  
    2024 
  
    Identifiable assets: 

    United States 
    $22,025  
    $22,319 
  
    New Zealand 
     3,457  
     3,898 
  
    United Kingdom 
     3,210  
     3,586 
  
    Canada 
     1,728  
     3,096 
  
    Consolidated total 
    $30,420  
    $32,899 

NOTE
16. SUBSEQUENT EVENTS

On
June 19, 2025, TMC entered into a stock purchase agreement (“Agreement”) with
SKCAL LLC, an Arizona limited liability company (“SKCAL”), pursuant to which The Marygold Companies has agreed to sell to SKCAL
all of the shares stock that it owns in its wholly owned subsidiary, Brigadier Security Systems (2000) Ltd., a Canadian registered corporation
(“Brigadier”). Scott Schoenberger, a director and a 10.9% shareholder of The Marygold Companies, is the sole member of SKCAL. The closing
(“Closing”) of the sale of the Shares took place on July 1, 2025, (“Closing Date”).

Pursuant
to the Agreement, the purchase price for the Shares to be acquired by SKCAL at Closing will be $2.2
million subject to certain adjustments thereto. An initial payment of $0