Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 298

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 298
---
 Ancillary Services segment. No single customer provided 10 percent or more of the Company's accounts receivable balances as of December 31, 2024. The following customer accounted for 10 percent or more of the Company's secured loans receivable (in thousands): 

        December 31, 2024

        June 30, 2024

        Amount

        Percent

        Amount

        Percent

        Total secured loans receivable
         
        $
        98,461

        100.0
        %
         
        $
        113,067

        100.0
        %

        Customer concentrations

        Customer A
         
        $
        13,500

        13.7
        %
         
        $
        13,500

        11.9
        %
       
      Supplier ConcentrationsThe Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.

19. SEGMENTS AND GEOGRAPHIC INFORMATIONThe Company evaluates segment reporting in accordance with Segment Reporting Topic 280 of the ASC (“ASC 280”), each reporting period, including evaluating the organizational structure and the reporting package that is reviewed by the chief operating decision makers. The Company's operations are organized under three business segments (i) Wholesale Sales & Ancillary Services, (ii) Direct-to-Consumer, and (iii) Secured Lending. The Wholesale Sales & Ancillary Services segment includes the consolidating eliminations of inter-segment transactions and unallocated segment adjustments. See Note 1 for a description of the types of products and services from which each reportable segment derives its revenues.

41

Revenue 

        in thousands
         
        Three Months Ended December 31,
         
        Six Months Ended December 31,

        2024
         
        2023
         
        2024

        2023

        Revenue by segment (1)

        Wholesale Sales & Ancillary Services
         
        $
        2,637,921

        $
        1,961,494

        $
        5,185,919

        $
        4,348,817

        Eliminations of inter-segment sales

        (464,581
        )

        (253