Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 109

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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 under the Investment Company Act of 1940,
as amended, USG (ticker changed from
GLDX in March 2024), ZSB, USE and ZSC of $1.7 million, $0.2 million, $2.5 million, and $2.1 million, respectively. These investment
positions along with other investments, as applicable, are described further in Note 5 to our Financial Statements.

Dividends

We
have never declared or paid any cash dividends on our capital stock. We intend to retain future earnings, if any, to finance the operation
and expansion of our businesses and do not anticipate paying any cash dividends in the foreseeable future. Any future determination related
to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of
operations, capital requirements, business prospects and other factors our board of directors deems relevant, and subject to the restrictions
contained in any future financing instruments or under Nevada corporations’ law.

Item
3. Quantitative and Qualitative Disclosures about Market Risk.

As
a “smaller reporting company”, we are not required to provide the information required by this Item.

Item
4. Controls and Procedures

(a)
Evaluation of Disclosure Controls and Procedures

As
of the end of the period covered by this Report, our Chief Executive Officer and Chief Accounting Officer conducted evaluations of our
disclosure controls and procedures. We maintain disclosure controls and procedures that are designed to provide reasonable assurances
that the information required to be disclosed in the periodic reports we file or submit under Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended (the “Securities Exchange Act”), is recorded, processed, summarized and reported within
the time period specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls
and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under
the Securities Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer
and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required
disclosure. Management recognizes that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures
and any controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving their control
objectives.

Our
management, including our Chief Executive Officer and Chief Accounting Officer,