Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 95

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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 quarter driven by increased interest expense as a result of the borrowing under our recent note financing.

Net
loss increased by $0.5 million or 91% and was driven by increased interest expense as a result of the borrowing under our recent
note financing.

21

Reportable Segments

Quarter Ended March 31, 2025, Compared with
Quarter Ended March 31, 2024

SEGMENT
RESULTS OF OPERATIONS

    Three
    Months Ended March 31,  
    Percentage 
  
    (in thousands, except percentages) 
    2025  
    2024  
    Change 
  
    Revenue 

    Fund management - related party 
    $4,093  
    $4,406  
     -7%
  
    Food products 
     1,505  
     1,836  
     -18%
  
    Beauty products 
     641  
     858  
     -25%
  
    Security systems 
     568  
     650  
     -13%
  
    Financial services 
     220  
     130  
     69%
  
    Total
    revenue 
    $7,027  
    $7,880  
     -11%

    Operating (Loss) Income 

    Fund management - related party 
    $828  
    $827  
     -%
  
    Food products 
     68  
     (6) 
     -1,233%
  
    Beauty products 
     (127) 
     (191) 
     -34%
  
    Security systems 
     90  
     117  
     -23%
  
    Financial services 
     (1,539) 
     (1,419) 
     8%
  
    Corporate headquarters 
     (824) 
     (799) 
     3%
  
    Total
    operating loss 
    $(1,504) 
    $(1,471) 
     2%

U.S.
Fund Management – Related Party - USCF Investments

USCF
Investments earns monthly management and advisory fees based on an investment management or advisory agreement with each Fund. The
management fees are determined on the basis of a contractual basis point management fee multiplied by the average AUM over the given
period. Average AUM for the quarter ended March 31,