Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 15

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 30, 2024 with an agreed upon purchase price of $1.2
million, subject to adjustment as provided for in the SPA. Marygold UK paid $0.7
million upon the closing, $0.3
million during the quarter ended December 31, 2024 and the balance of the purchase price of $0.2
million is required to be paid in the quarter ended December 31, 2025 as provided in the SPA. Step-By-Step is an asset manager and
investment advisor based in Staffordshire, England with $37.7
million in assets under management as of December 31, 2024. In addition to growing the business through increasing assets under
management, Marygold UK expects to expand the fintech mobile app services offered in the U.S. into the U.K. through the established
contacts and certifications held by Step-By-Step.

    13

NOTE
7. INTANGIBLE ASSETS

 SCHEDULE OF   INTANGIBLE ASSETS 

    Intangible Assets 
      
    Intangible
    Assets (Gross)  
    Accumulated
Amortization   
    Intangible Asset (Net)  

    December 31, 2024 
  
    Intangible Assets 
    Weighted Average Remaining Life (in years)   
    Intangible Assets (Gross)   
    Accumulated Amortization   
    Intangible Asset (Net)  

    (dollars in thousands) 
  
    Customer relationships 
     5.0  
    $1,540  
    $(723) 
    $817 
  
    Brand name 
     1.2  
     414  
     (353) 
     61 
  
    Brand name – indefinite lived 
     N/A  
     231  
     -  
     231 
  
    Internally developed software 
     1.5  
     218  
     (109) 
     109 
  
    Total 
        
    $2,403  
    $(1,185) 
    $1,218 

    Intangible Assets 
      
    Intangible
    Assets (Gross)  
    Accumulated
Amortization   
    Intangible Asset (Net)  

    June 30, 2024 
  
    Intangible Assets 
    Weighted Average Remaining