Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 141

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 141
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     1,855  
     1,855 
  
    Total 
    $2,307  
    $591  
    $(417) 
    $2,481  
    $2,481 

    (1)
    Refer
    to Note 6, Business Combinations, regarding increase in goodwill during the years ended June 30, 2024.

The
Company tests for goodwill impairment at each reporting unit annually on June 30. Refer to Note 7, Impairment Loss, regarding the goodwill
impairment recorded during 2024.

NOTE
9. INTANGIBLE ASSETS

The Company’s intangible assets consisted of the following. 

 SCHEDULE OF   INTANGIBLE ASSETS 

    June 30, 2025 
  
    Intangible Assets 
    Weighted Average Remaining Life (in years)  
    Intangible Assets (Gross)  
    Accumulated Amortization  
    Intangible Asset (Net) 

    (dollars in thousands) 
  
    Customer relationships 
     4.6  
    $1,540  
    $(821) 
    $719 
  
    Brand name 
     0.9  
     439  
     (408) 
     31 
  
    Brand name – indefinite lived 
     N/A  
     206  
     -  
     206 
  
    Internally developed software 
     1.0  
     218  
     (145) 
     73 
  
    Total 
        
    $$2,403 
    $(1,374) 
    $$1,029

    Intangible Assets 
    Weighted Average Remaining Life (in years)  
    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