Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 348

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 348
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    2023
     
    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Interest expense
     
    $
    (1,181
    )

    (0.112
    %)

    $
    (1,895
    )

    (0.272
    %)

    $
    (714
    )

    (37.7
    %)

Interest expense for the six months ended December 31, 2024 decreased $0.7 million to $1.2 million from $1.9 million in 2023. The decrease is primarily related to the DTC segment's reduced product financing activity with A-Mark.

69

Results of Operations — Secured Lending Segment

The Company operates its Secured Lending segment through its wholly-owned subsidiaries, Collateral Finance Corporation, LLC ("CFC") and CFC Alternative Investments (“CAI”). AM Capital Funding, LLC (“AMCF”), previously a wholly-owned subsidiary of CFC, was formed for the issuance of certain notes, which were repaid in December 2023. AMCF was dissolved in June 2024.

Overview of Results of Operations for the Three Months Ended December 31, 2024 and 2023

— Secured Lending Segment

The operating results of our Secured Lending segment were as follows (in thousands, except performance metrics data):

    Three Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of interestincome

    $

    % of interestincome

    $

    %

    Interest income
     
    $
    2,626

    100.000
    %

    $
    2,738

    100.000
    %

    $
    (112
    )

    (4.1
    %)

    Interest expense

    (1,591
    )

    (60.586
    %)

    (2,415
    )

    (88.203
    %)

    $
    (824
    )

    (34.1
    %)

    Selling, general, and administrative expenses

    (288
    )

    (10.967
    %)

    (375
    )

    (13.696
    %)

    $
    (87
    )

    (23.2
    %)

    Depreciation and amortization expense

    (1