MGLDHIGH SIGNALFINANCIAL10-K

MGLD shows severe financial deterioration with interest expense exploding nearly 6,000% to $1.2M while operating cash flow burned 74% more cash and the company appears to have divested significant operations including USCF Investments.

The massive interest expense increase signals potential debt distress or unfavorable financing terms, while the operational divestiture language suggests asset sales that may indicate liquidity pressures. Combined with deteriorating cash flow and shrinking equity, these changes point to significant financial stress that could impact the company's ability to fund operations and service debt.

Comparing 2025-09-19 vs 2024-09-18View on EDGAR →
FINANCIAL ANALYSIS

MGLD's financial position deteriorated significantly across all key metrics, with interest expense skyrocketing 5,918% to $1.2M while net losses widened 43% to $5.8M and operating cash flow burned an additional $1.4M compared to the prior year. The balance sheet weakened substantially with current assets declining 21.5% to $19M while current liabilities grew 26.7% to $6.6M, compressing working capital and reducing stockholders' equity by 13.6%. This comprehensive financial decline, combined with the apparent divestiture of business units, signals acute financial distress and potential going concern issues.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+5918.1%
$20K→$1.2M

Interest expense surged 5918.1% — significant debt increase or rising rates materially impacting earnings.

Operating Cash Flow
Cash Flow
-73.7%
-$1.9M→-$3.3M

Operating cash flow fell 73.7% — earnings quality concerns; investigate working capital changes and non-cash items.

Net Income
P&L
-43%
-$4.1M→-$5.8M

Net income declined 43% — review whether driven by operations, interest costs, or non-recurring items.

Current Liabilities
Balance Sheet
+26.7%
$5.2M→$6.6M

Current liabilities rose 26.7% — increased short-term obligations, watch current ratio.

Current Assets
Balance Sheet
-21.5%
$24.3M→$19.0M

Current assets declined 21.5% — monitor working capital adequacy and short-term liquidity.

Total Liabilities
Balance Sheet
+18.3%
$6.3M→$7.4M

Liabilities increased 18.3% — monitor debt-to-equity ratio and interest coverage.

Stockholders Equity
Balance Sheet
-13.6%
$26.6M→$23.0M

Equity decreased 13.6% — buybacks or losses reducing book value, monitor solvency ratios.

Accounts Receivable
Balance Sheet
-11.8%
$2.7M→$2.4M

Receivables declined — improved collection efficiency or conservative revenue recognition.

LANGUAGE CHANGES
NEW — 2025-09-19
PRIOR — 2024-09-18
ADDED
This determination of executive officer and director affiliate status is not necessarily a conclusive determination for any other purpose.
As of June 30, 2025, 42,817,687 shares of common stock, $ 0.001 par value per share ( common stock ), and 13,302 shares of Series B Convertible, Voting, Preferred Stock ( Series B Preferred Stock ) of the registrant were outstanding.
Forward-looking statements generally relate to future events or our future financial or operating performance, which generally are not historical in nature.
In this Form 10-K, unless the context otherwise requires, references to we, our, or us, Company, The Marygold Companies, refer to The Marygold Companies, Inc., a Nevada corporation, and its subsidiaries.
Our logo, trademarks and service marks are the property of the Company.
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REMOVED
As of June 30, 2024, 40,096,150 shares of Common Stock, $ 0.001 par value, and 49,360 shares of Series B Convertible, Voting, Preferred Stock ( Series B Preferred Stock ) outstanding of the registrant were issued and outstanding.
Forward-looking statements generally relate to future events or our future financial or operating performance.
Financial Services United States and Great Britain: Marygold Co., a Delaware corporation, based in Denver, Colorado, and its wholly-owned subsidiary, Marygold Co.
Our business units employed 116 people located in various parts of the world such as, New Zealand, Canada, Great Britain and the United States through the fiscal year ended June 30, 2024.
Subsidiary Business Overview Fund Management - USCF Investments In 2016, we acquired all of the issued and outstanding stock in USCF Investments , Inc.
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