Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 65

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 million, of which
$3.5 million is due within 12 months from December 31, 2024 and the remaining balance of $0.4 million is due prior to September 30, 2026.
The effective interest rate for this note is 41.3%.

As
of June 30, 2024, Brigadier had an outstanding principal balance of $0.3 million due related to the purchase of its Saskatoon office
land and building. The bank loan matured and was paid off in full in July 2024.

    15

NOTE
9. STOCKHOLDERS’ EQUITY

Stock-based
Compensation

During
the six months ended December 31, 2024, the following activity occurred under the Company’s Equity Incentive Plan.

SCHEDULE OF SHARE BASED COMPENSATION ACTIVITY 

    Stock Options  
    Restricted Stock 

    Number of Shares  
    Weighted Average Exercise Price  
    Number of Shares  
    Weighted Average Grant Date Fair Value 
  
    Balance at June 30, 2024 
     540,881  
    $1.34  
     681,013  
    $1.15 
  
    Granted 
     100,000  
    $1.45  
     264,890  
    $1.45 
  
    Released 
     -  
    $-  
     (575,319) 
    $1.24 
  
    Outstanding at December 31, 2024 
     640,881  
    $1.35  
     370,584  
    $1.22 
  
    Exercisable at December 31, 2024 
     209,445  
    $1.38  

The
fair value of the options granted during the six months ended December 31, 2024 was $1.34 per share which was estimated using the following
assumptions:

SCHEDULE
OF SHARE BASED COMPENSATION ESTIMATED USING ASSUMPTIONS  

    Three and Six Months Ended December 31, 2024 
  
    Expected volatility 
     137%
  
    Expected term 
     6.1 years 
  
    Risk-free interest rate 
     4.5%
  
    Expected dividend yield 
     0%

As
of December 31, 2024, there was