Marygold Companies Inc
For the period ended Jun 30, 2024. Filed Sep 18, 2024.
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FY2024 · Filed Sep 18, 2024
MGLD$1.97-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended June 30, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net (loss) income | $(4,069) | $1,165 | |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | |||
| Impairment loss | 1,389 | - | |
| Depreciation and amortization | 585 | 577 | |
| Stock-based compensation | 428 | 84 | |
| (Gain) loss on investments | (30) | 126 | |
| Non-cash lease expense | 693 | 657 | |
| Deferred taxes | (1,196) | (37) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 344 | 146 | |
| Prepaid income taxes and tax receivable | (346) | 172 | |
| Inventories | 56 | (78) | |
| Other assets | (329) | (204) | |
| Accounts payable and accrued expenses | 1,260 | (86) | |
| Operating lease liabilities | (696) | (671) | |
| Net cash (used in) provided by operating activities | (1,911) | 1,851 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Cash paid for acquisition of business, net | (403) | - | |
| Deposit related to investment | (1,800) | - | |
| Purchase of property and equipment | (54) | (95) | |
| Payment of purchase consideration payable | (629) | (623) | |
| Proceeds from sale of investments | 13,610 | 9,281 | |
| Purchase of investments | (11,650) | (15,855) | |
| Net cash used in investing activities | (926) | (7,292) | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Repayment of loan and finance lease liability | (30) | (20) | |
| Net cash used in financing activities | (30) | (20) | |
| Effect of exchange rate change on cash and cash equivalents | (196) | 118 | |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (3,063) | (5,343) | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE | 8,586 | 13,929 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE | $5,523 | $8,586 | |
| Cash and cash equivalents | $5,461 | $8,161 | |
| Restricted cash | 62 | 425 | |
| Total cash, cash equivalents and restricted cash shown in statement of cash flows | $5,523 | $8,586 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest | $16 | $15 | |
| Income taxes (net of refunds received) | $155 | $232 | |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Purchase consideration payable | $511 | $ | - |
| Acquisition of operating right-of-use assets through operating lease liability | $847 | $104 | |
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