Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 18

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Total

    Remainder
    of fiscal 2026
     
    $
    368

    $
    14

    $
    382

    2027

    311

    18

    329

    2028

    150

    18

    168

    2029

    -

    18

    18

    2030

    -

    18

    18

    Thereafter

    -

    26

    26

    Total
    minimum lease payments

    829

    112

    941

    Less:
    present value discount

    (43
    )

    (22
    )

    (65
    )
  
    Total
    lease liabilities
     
    $
    786

    $
    90

    $
    876

The
weighted average remaining lease term for the Company’s operating leases was 1.8 years as of September 30, 2025
and a weighted-average discount rate of 5.8% was used to determine the total operating lease liabilities. The remaining
lease term for the Company’s finance lease was 6.2  years as of September 30, 2025 with an annual interest rate
of 7.0%.

Other
Agreements and Commitments

As
Marygold US built out its Fintech app, it entered into agreements with various service providers, some of which required long-term
contracts. As of September 30, 2025, Marygold US has recorded payment commitments totaling $0.7 million with some former primary
service vendors not including an additional $0.2
million in unused service commitments. It is uncertain what amount of this contractual commitment may be reduced by the vendors as services are no longer
required.

Litigation

From
time to time, the Company and its subsidiaries may be involved in legal proceedings arising in the ordinary course of their respective
businesses. Except as described below, there are no material pending legal proceedings against the Company or its subsidiaries. USCF
LLC is an indirect wholly owned subsidiary of the Company. USCF LLC, as the general partner of the United States Oil Fund, LP (“USO”)
and the general partner and sponsor of the related public funds may, from time to time, be involved in litigation arising out of its
operations in the ordinary course of business. Except as described herein, USO and