Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 440

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 2
Chunk 440
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) 
    $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  
     (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 $0.3 million and $0.4 million for the years ended June 30, 2025 and 2024, respectively. Refer to
Note 7, Impairment Loss, regarding the intangible asset impairment recorded during fiscal 2025.

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 
  
    2026 
    $290 
  
    2027 
     146 
  
    2028