Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 11

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 price of $1.2
million, subject to adjustment as provided for in the SPA. Marygold UK paid $0.7
million upon the closing, $0.3
million during the quarter ending December 31, 2024 and the balance of the purchase price of $0.2
million is required to be paid in the quarter ended December 31, 2025 as provided in the SPA. Step-By-Step is an asset manager and
investment advisor based in Staffordshire, England with $39.3 million in assets under management as of March 31, 2025. In addition
to growing the business through increasing assets under management, Marygold UK has expanded the fintech mobile app services
developed in the U.S. into the U.K. through the established contacts and certifications held by Step-By-Step.

    13

NOTE
7. INTANGIBLE ASSETS

 SCHEDULE OF   INTANGIBLE ASSETS 

    Intangible
    Assets 
    Weighted Average Remaining Life (in
                                            years)  
    Intangible Assets (Gross)  
    Accumulated Amortization  
    Intangible Asset
                                            (Net) 

    March
    31, 2025 
  
    Intangible
    Assets 
    Weighted Average Remaining Life (in
                                            years)  
    Intangible Assets (Gross)  
    Accumulated Amortization  
    Intangible Asset
                                            (Net) 

    (dollars
    in thousands) 
  
    Customer relationships 
     4.8  
    $1,540  
    $(772) 
    $768 
  
    Brand name 
     1.1  
     414  
     (373) 
     41 
  
    Brand name – indefinite lived 
     N/A  
     231  
     -  
     231 
  
    Internally developed software 
     1.2  
     218  
     (127) 
     91 
  
    Total 
        
    $2,403  
    $(1,272) 
    $1,131 

    Intangible
    Assets 
    Weighted Average Remaining Life (in
                                            years)  
    Intangible Assets (Gross)    
    Accumulated Amortization   
    Intangible Asset (Net)