Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 55

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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     28% 
     2,402  
     24%
  
    Total 
    $4,685  
     100% 
    $4,997  
     100% 
    $9,276  
     100% 
    $10,047  
     100%

    December 31, 2024  
    June 30, 2024 

    Accounts Receivable  
    % of Total  
    Accounts Receivable  
    % of Total 
  
    Fund 

    USO 
    $437  
     29% 
    $473  
     33%
  
    UNG 
     413  
     27% 
     370  
     25%
  
    UMI 
     266  
     17% 
     185  
     13%
  
    All Others 
     404  
     27% 
     427  
     29%
  
    Total 
    $1,520  
     100% 
    $1,455  
     100%

There
are no significant concentrations for the other operating subsidiaries on a consolidated basis.

    10

Recently
Issued Accounting Pronouncements

In
November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No.
2023-07, Improvements to Reportable Segment Disclosures (Topic 280). The guidance expands the disclosures required for reportable segments
in our annual and interim consolidated financial statements, primarily through enhanced disclosures about significant segment expenses.
The standard will be effective for us beginning with our annual reporting for fiscal year 2025 and interim periods thereafter, with early
adoption permitted. Upon adoption, this standard should be applied retrospectively to all prior periods presented. We will adopt the
standard when it becomes effective in our fiscal year 2025 annual reporting. The Company does not anticipate any impact other than changes
to disclosures in the segment reporting from the adoption date onwards.

In
December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The guidance requires disclosure
of disaggregated income taxes paid, prescribes standardized categories for the components of the effective tax rate reconciliation, and
modifies other income tax-related disclosures. The standard will be effective for us beginning with our annual reporting for fiscal