Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 289

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1B
Chunk 289
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 such
accounts.

Accounts
Receivable

Management
regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, customer concentrations, current economic
trends, changes in customer payment patterns and reasonable and supportable forecasts about the future to determine whether or not an
account should be deemed uncollectible. Account balances are charged off against the allowance after all means of collection have been
exhausted and the potential for recovery is considered remote. As of June 30, 2025 and 2024, the Company had immaterial amounts reserved
for credit losses.

Accounts
receivable due from related parties consist of fund asset management fees receivable from the USCF Investments business. Management fees
receivable generally consist of one month of management fees which are collected in the month after they are earned.

Concentration
of Credit Risk

Our
subsidiary USCF relies on the revenues generated through the funds it manages. The concentration of fund management revenue and related
receivables were (dollars in thousands):

 SCHEDULE OF CONCENTRATION RISK

    Year Ended June 30,  
    June 30, 

    2025  
    2024  
    2025  
    2024 

    Revenue  
    % of Total  
    Revenue  
    % of Total  
    Accounts Receivable  
    % of Total  
    Accounts Receivable  
    % of Total 
  
    Fund 

    USO 
    $5,091  
     30% 
    $6,553  
     35% 
    $390  
     30% 
    $473  
     33%
  
    UNG 
     3,931  
     23% 
     5,662  
     30% 
     180  
     14% 
     370  
     25%
  
    UMI 
     2,948  
     17% 
     1,967  
     10% 
     264  
     21% 
     185  
     13%
  
    All Others 
     5,165  
     30% 
     4,783  
     25% 
     447  
     35% 
     427  
     29%
  
    Total 
    $17,135