Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 570

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 4
Chunk 570
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. Step-By-Step is an asset manager and investment advisor based in Staffordshire, England with assets under management of $42.4
million and $36.6 million as of June 30, 2025 and 2024, respectively. Step-By-Step will be operated as a subsidiary of Marygold UK. 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.

    F-16

NOTE
7. IMPAIRMENT LOSS

During
fiscal 2024, the Company recorded an impairment loss of $1.4 million related to the goodwill and other intangible assets in its beauty
products business unit. The business unit has been suffering from increased losses resulting from pandemic-related changes in its distribution
channels and increased costs. The impairment loss of $1.4 million included goodwill of $0.4 million and indefinite and finite lived intangible
assets totaling $1.0 million relating to brand name, formulas and customer relations. The Company determined the fair value of the reporting
unit using multiple methods including discounted cash flows and pricing of comparable companies.

NOTE
8. GOODWILL 

Changes
in the carrying amount of goodwill were as follows (in thousands):

 SCHEDULE
OF GOODWILL

    Goodwill 
    June 30, 2023  
    Acquisitions  
    Impairments  
    June 30, 2024  
    June 30, 2025 
  
    Beauty products - Original Sprout 
    $417  
    $-  
    $(417) 
    $-  
    $- 
  
    Food products - Gourmet Foods 
     275  
     -  
     -  
     275  
     275 
  
    Security systems - Brigadier 
     351  
     -  
     -  
     351  
     351 
  
    Financial services - Marygold & Co. (UK) (1) 
     1,264  
     591  
     -  
     1,855  
     1,855 
  
    Total 
    $2,307  
    $591  
    $(417) 
    $2,481  
    $2