Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 310

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1B
Chunk 310
---
 to vote such shares
and the right to receive dividends with respect to such shares. However, all cash and stock dividends and distributions shall be held
back by the Company for the holder’s account until such time as the related portion of the restricted stock award vests (at which
time such dividends or distributions, as applicable, shall be released and paid).

    F-19

Stock-based
compensation expense relating to stock options and RSAs totaled $0.8
million and $0.4
million for the years ending June 30, 2025 and 2024, respectively, and are included in the Consolidated Statements of Operations. As
of June 30, 2025, there was $0.2
million of unrecognized compensation expense related to outstanding stock options that will be recognized over a remaining weighted
average period of 2.4
years and there was $0.2
million of unrecognized compensation expense related to outstanding RSAs that will be recognized over a remaining weighted average
period of 1.0
year. The aggregate expected stock-based compensation expense remaining to be recognized reflects only awards as of June 30, 2025
and assumes no forfeiture activity.

There
were no shares issued for vendor services during the years ending June 30, 2025 and 2024.

NOTE
13. INCOME TAXES 

The
following table summarizes loss before income taxes (in thousands):

 SUMMARY
OF (LOSS) INCOME BEFORE INCOME TAXES

    Years Ended June 30, 

    2025  
    2024 
  
    United States 
    $(6,327) 
    $(5,420)
  
    Foreign 
     (1,055) 
     (28)
  
    Loss before income taxes 
    $(7,382) 
    $(5,448)

Income
Tax Provision

The
composition of the benefit from income taxes consisted of the following (in thousands):

 SCHEDULE
OF BENEFIT FROM (PROVISION FOR) INCOME TAXES

    Years Ended June 30, 

    2025  
    2024 
  
    United States 
    $1,302  
    $1,408 
  
    Foreign 
     260  
     (29)
  
    Total benefit from income taxes 
    $1,562  
    $1,379 

    F-20

    Years Ended June 30,