Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 54

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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ited financial statements. 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  December 31,  
    Six Months Ended  December 31, 

    2024  
    2023  
    2024  
    2023 

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

    USO 
    $1,417  
     30% 
    $1,795  
     36% 
    $2,849  
     31% 
    $3,479  
     35%
  
    UNG 
     1,257  
     27% 
     1,548  
     31% 
     2,463  
     26% 
     3,238  
     32%
  
    UMI 
     753  
     16% 
     473  
     9% 
     1,388  
     15% 
     928  
     9%
  
    All Others 
     1,258  
     27% 
     1,181  
     24% 
     2,576