Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 63

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 63
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 associated with providing these
advisory services. The ETF Trust funds that USCF Advisers advise bear the expenses of
its independent board of trustees. Independent trustee expenses are
apportioned on a pro rata basis over each fund affiliated with USCF Investments.

Intellectual
Property

USCF
Investments subsidiary USCF LLC has registered the trademarks for the names “USCF LLC” and “USCF Advisers” with
the U.S. Patent and Trademark Office (“PTO”). The funds for which USCF LLC is a general partner or sponsor have registered
trademarks owned by USCF LLC. USCF LLC was granted two patents Nos. 7,739,186 and 8,019,675 by the PTO for systems and methods for an
exchange traded fund (ETF) that track the price of one or more commodities.

8

Litigation

Please
refer to “Note 14. Commitments and Contingencies – Litigation” to the consolidated financial statements included
in this Form 10-K.

Food
Products - Gourmet Foods

In
2015, we acquired Gourmet Foods, Ltd., a registered New Zealand company. Gourmet Foods is a commercial-scale bakery producing meat pies, sausage rolls and patisserie cakes from leased manufacturing
facilities located in Tauranga, New Zealand. These products are sold through distribution channels throughout New Zealand under the brand
names Ponsonby Pies and Pats Pantry. Primary customers include national grocery chains, convenience stores and petrol stations.

In
2020, Gourmet Foods acquired Printstock Products Limited (“Printstock”), a Flexographic printing company based in Napier,
New Zealand that prints specialty wrappers for the food industry primarily in New Zealand including those used by Gourmet Foods.
Printstock’s operating results are consolidated with those of Gourmet Foods. Gourmet Foods and Printstock are collectively referred
to hereinafter as “Gourmet Foods.”

Products
and Customers

Gourmet
Foods has two major product lines: 1) baking and 2) food wrapper printing. While these product lines are comprised of different
customers and supply chains, we consider the consolidation of Gourmet Foods with Printstock to be within the food industry as
Printstock only supplies its products to the manufacturers in the New Zealand food industry, some of which are competitors of
Gourmet Foods, and the inclusion of Printstock in Gourmet Foods’ operations does not extend its presence beyond the food
industry. Therefore, for the purpose