Marygold Companies Files Q1 2025 10-Q

TL;DR

Marygold Companies (MGLD) filed their Q1 2025 10-Q, covering the period ending Sep 30, 2024.

AI Summary

Marygold Companies, Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the first quarter of their fiscal year, which began on July 1, 2024. The company, formerly known as Concierge Technologies Inc. and Starfest Inc., is incorporated in Nevada and operates in the finance services sector.

Why It Matters

This filing provides investors with an update on Marygold Companies' financial performance and operational status for the first quarter of their fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial information, with no immediate red flags or significant new risks highlighted in the provided snippet.

Key Numbers

• Q1 — Quarter (First quarter of fiscal year 2025)
• 2024-09-30 — Period End Date (Financial reporting period)

Key Players & Entities

• Marygold Companies, Inc. (company) — Filer
• Concierge Technologies Inc. (company) — Former Company Name
• Starfest Inc. (company) — Former Company Name
• 2024-09-30 (date) — Reporting Period End Date
• 2024-07-01 (date) — Reporting Period Start Date

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value per share MGLD NYSE Ameri

Filing Documents

• form10-q.htm (10-Q) — 879KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-044271.txt ( ) — 5509KB
• mgld-20240930.xsd (EX-101.SCH) — 44KB
• mgld-20240930_cal.xml (EX-101.CAL) — 65KB
• mgld-20240930_def.xml (EX-101.DEF) — 163KB
• mgld-20240930_lab.xml (EX-101.LAB) — 404KB
• mgld-20240930_pre.xml (EX-101.PRE) — 312KB
• form10-q_htm.xml (XML) — 788KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 4

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 4 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Operations 5 Condensed Consolidated Statements of Comprehensive Loss 6 Condensed Consolidated Statements of Stockholders' Equity 7 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 23

Controls and Procedures

Item 4. Controls and Procedures 23

OTHER INFORMATION

PART II. OTHER INFORMATION 24

Legal Proceedings

Item 1. Legal Proceedings 24

Risk Factors

Item 1A. Risk Factors 24

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 24

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 24

Other Information

Item 5. Other Information 24

Exhibits

Item 6. Exhibits 24

Signatures

Signatures 25 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q ("Report") contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "would," "shall," "might," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategies, plans, or intentions.

Forward-looking statements contained in this Report include, but are not limited to, statements about

Forward-looking statements contained in this Report include, but are not limited to, statements about: the outcome of certain class action litigation involving our subsidiary, USCF Investments Inc.; our future financial performance, including our revenue, cost of revenue, gross profit, gross margin, operating expenses, ability to generate positive cash flow, and ability to achieve and maintain profitability; the sufficiency of our cash flows which is primarily dependent upon the performance of our U.S. investment fund management business and its ability to maintain and expand fund assets under management ("AUM") such that we can meet our working capital, capital expenditure, and liquidity needs; our continued investments in the development and marketing of our Fintech application ("app") and the uncertainty of the acceptance thereof and its ability to generate sufficient revenue to meet or cover or exceed development expenditures incurred to date; the ability of our operating subsidiaries to attract and retain customers to use our products or services, to optimize the pricing for our products or services, to expand sales to our customers, and to convince our existing customers to continue using our services and products; the evolution of technologies affecting our operating subsidiaries' products, services and markets; the ability of our operating subsidiaries to innovate and provide a superior user experience and our intentions and strategies with respect thereto; the ability of our operating subsidiaries to successfully penetrate enterprise and other markets; the ability of our operating subsidiaries to successfully expand in our existing markets and into new markets, including international markets; the attraction and retention of key personnel; our ability to effectively manage our growth and future expenses; the incurrence of additional indebtedness and our ability to repay our existing indebtedness when due or at all, including in conne

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View this 10-Q filing on SEC EDGAR