Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 13

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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481 

 SCHEDULE OF OTHER ASSETS NON-CURRENT

    December 31,  
    June 30, 
  
    Other assets, non-current 
    2024  
    2024 
  
    Equity investment in a financial institution 
    $1,800  
    $- 
  
    Equity investment in a registered investment advisor 
     502  
     502 
  
    Deposits and other assets 
     87  
     117 
  
    Total other assets, non-current 
    $2,389  
    $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 

    December 31,  
    June 30, 
  
    Accounts payable and accrued expenses 
    2024  
    2024 
  
    Accounts payable 
    $1,768  
    $1,955 
  
    Accrued operating expenses 
     1,522  
     1,185 
  
    Accrued payroll, vacation and bonus payable 
     421  
     736 
  
    Taxes payable 
     71  
     145 
  
    Total 
    $3,782  
    $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 December 31, 2024 and June 30, 2024, the Company invested a total of $6.1 million and $7.5