Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 655

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 5
Chunk 655
---
) and provided reasonable assurances
that the information the Company is required to disclose in the reports it files or submits under the Securities Exchange Act of 1934
is recorded, processed, summarized and reported within the time period required by the Commission’s rules and forms. Further, the
Company’s management, including the Company’s Chief Executive Officer and Chief Accounting Officer, concluded that its disclosure
controls and procedures are also effective to ensure that information required to be disclosed in the reports that it files or submits
under the Exchange Act is accumulated and communicated to its management, including its chief executive officer and chief accounting
officer, to allow timely decisions regarding required disclosure.

Internal
Control Over Financial Reporting

Management’s
report on internal control over financial reporting. Our management recognizes its responsibility for establishing and maintaining
adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended.
Currently, the primary responsibility of the registrant is providing oversight control over its subsidiary operations which, in turn,
are managed by their respective boards of directors who are appointed by the registrant for each of the subsidiaries. All debit and credit
transactions with the company’s bank accounts, including those of the subsidiary companies, are reviewed by the officers as well
as all communications with the company’s creditors. The directors of the subsidiary companies, which include representatives of
the Company, meet frequently – as often as weekly – to discuss and review the financial status of the company and all developments.
All filings of reports with the Commission are reviewed before filing by all directors.

Our
internal control over financial reporting is a process designed by, or under the supervision of, our chief executive officer and chief
accounting officer, or persons performing similar functions, and effected by our board of directors, management and other personnel,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Our internal
control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and disposition of the assets of the Company; (ii) provide reasonable assurance
that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP and that receipts and
expenditures of the Company are being made only in accordance with authorization of management and directors