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

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 10
---
    $- 
  
    Equity investment in a registered investment
    advisor 
     502  
     502 
  
    Prepaid income tax and tax receivable, non-current 
     1,435  
     - 
  
    Deposits and other assets 
     62   
     117 
  
    Total other assets,
    non-current 
    $3,799  
    $619 

The
$1.8 million investment represents an equity interest of less than 10% in a domestic financial institution and the $0.5 million investment
represents a 10% equity interest in a registered investment advisor. These equity interests do not have readily determinable fair values
and are measured at cost minus impairment. There have been no impairments, downwards adjustments, nor upward adjustments during the periods
presented nor cumulatively.

 SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 

    March 31,  
    June 30, 
  
    Accounts payable
    and accrued expenses 
    2025  
    2024 
  
    Accounts payable 
    $2,294  
    $1,955 
  
    Accrued operating expenses 
     1,004  
     1,185 
  
    Accrued payroll, vacation and bonus payable 
     326  
     736 
  
    Taxes payable 
     43  
     145 
  
    Total 
    $3,667  
    $4,021 

    12

NOTE
5. INVESTMENTS

USCF
Investments, from time to time, provides initial seed capital in connection with the organization of exchange traded products (ETPs)
or exchange traded funds (ETFs) that are managed by USCF LLC or USCF Advisers. USCF Investments classifies these investments as
current assets as these investments are generally sold within one year of the balance sheet date. Investments in which no
controlling financial interest or significant influence exist are recorded at fair value with the change included in earnings in the
Company’s Condensed Consolidated Statements of Operations. As of March 31, 2025 and June 30, 2024, the Company held a
total of $6.5
million and $7.5
million, respectively, in funds managed by USCF Advisers which are related parties and are included in other equities in the table below.
In