Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 62

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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1.5  
     218  
     (109) 
     109 
  
    Total 
        
    $2,403  
    $(1,185) 
    $1,218 

    Intangible Assets 
      
    Intangible
    Assets (Gross)  
    Accumulated
Amortization   
    Intangible Asset (Net)  

    June 30, 2024 
  
    Intangible Assets 
    Weighted Average Remaining Life (in years)   
    Intangible Assets (Gross)   
    Accumulated Amortization   
    Intangible Asset (Net)  

    (dollars in thousands) 
  
    Customer relationships 
     5.4  
    $1,540  
    $(624) 
    $916 
  
    Brand name 
     1.7  
     414  
     (332) 
     82 
  
    Brand name – indefinite lived 
     N/A  
     231  
     -  
     231 
  
    Internally developed software 
     2.0  
     218  
     (72) 
     146 
  
    Total 
        
    $2,403  
    $(1,028) 
    $1,375 

Total
amortization expense for intangible assets was $0.1 million for each of the three months ended December 31, 2024 and 2023 and $0.2 million
for each of the six months ended December 31, 2024 and 2023.

Estimated
remaining amortization expenses of intangible assets for the next five fiscal years and thereafter are as follows (in thousands):

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE 

    Years Ending June 30, 
    Expense 
  
    2025 (remainder of the fiscal year) 
    $162 
  
    2026 
     290 
  
    2027 
     147 
  
    2028 
     147 
  
    2029 
     147 
  
    Thereafter 
     325 
  
    Total 
    $1,218 

    14

NOTE
8. NOTES PAYABLE

On
September 19, 2024, we entered into a note purchase agreement