Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 51

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 51
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. The information included in this Report
should be read in conjunction with information included in the Company’s Annual Report on Form 10-K for year ended June 30, 2024.

Principles
of Consolidation

The
accompanying Condensed Consolidated Financial Statements, which are referred herein as the “Financial Statements”, include
the accounts of The Marygold Companies and its wholly owned subsidiaries. Intercompany transactions and balances have been eliminated
in consolidation.

    9

Use
of Estimates

The
preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Concentration
of Credit Risk

Our
subsidiary USCF Investments relies on the revenues generated from the investment management fees from the funds it manages. The concentration
of fund management revenue and related receivables were (dollars in thousands):

 SCHEDULE OF CONCENTRATION RISK

    Three
    Months Ended  March 31,  
    Nine
    Months Ended  March 31, 

    2025  
    2024  
    2025  
    2024 

    Revenue  
    %
    of Total  
    Revenue  
    %
    of Total  
    Revenue  
    %
    of Total  
    Revenue  
    %
    of Total 
  
    Fund 

    USO 
    $1,127  
     28% 
    $1,583  
     36% 
    $3,976  
     30% 
    $5,062  
     35%
  
    UNG 
     906  
     22% 
     1,225  
     28% 
     3,369  
     25%  
     4,462  
     31%
  
    UMI 
     784  
     19% 
     490  
     11% 
     2,172  
     16% 
     1,418  
     10%
  
    All Others 
     1,276  
     31% 
     1,108  
     25%