Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 4

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 are an integral part of these condensed consolidated financial statements.

7

THE
MARYGOLD COMPANIES, INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(in
thousands)

(unaudited)

    2024  
    2023 

    Six Months Ended December 31, 

    2024  
    2023 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(3,332) 
    $(1,684)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     301  
     307 
  
    Stock-based compensation 
     628  
     208 
  
    Loss on investments 
     1,130  
     479 
  
    Non-cash interest expense 
     203  
     - 
  
    Non-cash lease costs 
     359  
     338
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     319  
     444 
  
    Prepaid income taxes and tax receivable 
     (904) 
     (623)
  
    Inventories 
     (92) 
     (91)
  
    Other assets 
     265  
     (147)
  
    Accounts payable and accrued expenses 
     (175) 
     547 
  
    Lease liabilities 
     (365) 
     (342)
  
    Net cash used in operating activities 
     (1,663) 
     (564)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Proceeds from sale of investments 
     2,185  
     8,992 
  
    Purchase of investments 
     (2,996) 
     (10,362)
  
    Purchase of property and equipment 
     (53) 
     (30)
  
    Payment of purchase consideration payable 
     (277) 
     - 
  
    Net cash used in investing activities 
     (1,141) 
     (1,400)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Net proceeds from note payable 
     3,690  
     - 
  
    Principal repayment of mortgage loan payable