Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Dec. 31, 2022 | Feb. 13, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001005101 | |
Entity Registrant Name | Marygold Companies, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Dec. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 000-29913 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 90-1133909 | |
Entity Address, Address Line One | 120 Calle Iglesia Unit B | |
Entity Address, City or Town | San Clemente | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 92672 | |
City Area Code | 949 | |
Local Phone Number | 429-5370 | |
Title of 12(b) Security | Common Stock, par value $0.001 per share | |
Trading Symbol | MGLD | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Series B Convertible Preferred Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 49,360 | |
Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 39,383,459 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | [1] |
CURRENT ASSETS | |||
Cash and cash equivalents | $ 14,579,438 | $ 12,915,620 | |
Accounts receivable, net | 1,104,856 | 959,350 | |
Accounts receivable - related parties | 1,767,220 | 2,230,874 | |
Inventories | 2,583,935 | 2,200,742 | |
Prepaid income tax and tax receivable | 1,046,909 | 1,166,318 | |
Investments, at fair value | 4,346,998 | 5,065,931 | |
Other current assets | 735,834 | 699,547 | |
Total current assets | 26,165,190 | 25,238,382 | |
Restricted cash | 406,642 | 1,013,279 | |
Property, plant and equipment, net | 1,306,675 | 1,391,894 | |
Operating lease right-of-use asset | 1,216,302 | 1,357,686 | |
Goodwill | 2,307,202 | 2,307,202 | |
Intangible assets, net | 2,509,098 | 2,708,896 | |
Deferred tax assets, net - United States | 753,078 | 753,078 | |
Other assets, long - term | 552,660 | 540,160 | |
Total assets | 35,216,847 | 35,310,577 | |
CURRENT LIABILITIES | |||
Accounts payable and accrued expenses | 2,720,350 | 2,805,790 | |
Expense waivers – related parties | 163,576 | 70,199 | |
Operating lease liabilities, current portion | 682,484 | 660,957 | |
Purchase consideration payable | 604,990 | 1,237,207 | |
Loans - property and equipment, current portion | 33,384 | 33,496 | |
Total current liabilities | 4,204,784 | 4,807,649 | |
LONG-TERM LIABILITIES | |||
Loans - property and equipment, net of current portion | 427,490 | 459,178 | |
Operating lease liabilities, net of current portion | 569,190 | 743,923 | |
Deferred tax liabilities, net-foreign | 260,553 | 260,553 | |
Total long-term liabilities | 1,257,233 | 1,463,654 | |
Total liabilities | 5,462,017 | 6,271,303 | |
STOCKHOLDERS' EQUITY | |||
Preferred stock, $0.001 par value; 50,000,000 shares authorized Series B: 49,360 shares issued and outstanding at December 31, 2022 and at June 30, 2022 | 49 | 49 | |
Common stock, $0.001 par value; 900,000,000 shares authorized; 39,383,459 shares issued and outstanding at December 31, 2022 and at June 30, 2022 | 39,384 | 39,384 | |
Additional paid-in capital | 12,329,609 | 12,313,205 | |
Accumulated other comprehensive loss | (214,600) | (234,790) | |
Retained earnings | 17,600,388 | 16,921,426 | |
Total stockholders' equity | 29,754,830 | 29,039,274 | |
Total liabilities and stockholders' equity | $ 35,216,847 | $ 35,310,577 | |
[1]Derived from audited financial statements |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Dec. 31, 2022 | Jun. 30, 2022 | [1] |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | |
Preferred Stock, Shares Authorized (in shares) | 50,000,000 | 50,000,000 | |
Preferred Stock, Shares Issued (in shares) | 49,360 | 49,360 | |
Preferred Stock, Shares Outstanding (in shares) | 49,360 | 49,360 | |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | |
Common stock, shares authorized (in shares) | 900,000,000 | 900,000,000 | |
Common stock, shares issued (in shares) | 39,383,459 | 39,383,459 | |
Common stock, shares outstanding (in shares) | 39,383,459 | 39,383,459 | |
[1]Derived from audited financial statements |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net revenue | ||||
Fund management - related party | $ 5,266,171 | $ 5,701,384 | $ 10,685,606 | $ 11,358,411 |
Net revenue | 8,772,248 | 9,445,116 | 17,696,534 | 19,173,990 |
Cost of revenue | 2,230,954 | 2,417,798 | 4,255,969 | 5,068,538 |
Gross profit | 6,541,294 | 7,027,318 | 13,440,565 | 14,105,452 |
Operating expense | ||||
Salaries and compensation | 2,804,759 | 2,576,285 | 5,173,141 | 4,707,440 |
General and administrative expense | 1,820,469 | 1,198,209 | 3,511,867 | 3,317,711 |
Fund operations | 1,112,244 | 1,102,237 | 2,252,832 | 2,203,853 |
Marketing and advertising | 555,939 | 690,831 | 1,328,749 | 1,409,486 |
Depreciation and amortization | 147,769 | 133,191 | 296,985 | 287,849 |
Legal settlement | 0 | 0 | 2,500,000 | |
Total operating expenses | 6,441,180 | 5,700,753 | 12,563,574 | 14,426,339 |
Income (loss) from operations | 100,114 | 1,326,565 | 876,991 | (320,887) |
Other income (expense): | ||||
Interest and dividend income | 62,630 | 6,088 | 115,193 | 13,484 |
Interest expense | (3,596) | (10,085) | (11,403) | (20,285) |
Other income (expense) | 129,975 | (214,981) | 31,761 | (206,973) |
Total other income (expense), net | 189,009 | (218,978) | 135,551 | (213,774) |
Income (loss) before income taxes | 289,123 | 1,107,587 | 1,012,542 | (534,661) |
Provision for income taxes | (107,329) | (84,252) | (333,580) | (322,997) |
Net income (loss) | $ 181,794 | $ 1,023,335 | $ 678,962 | $ (857,658) |
Weighted average shares of common stock | ||||
Basic (in shares) | 40,370,659 | 38,473,159 | 40,370,659 | 38,473,159 |
Diluted (in shares) | 40,370,659 | 38,473,159 | 40,383,722 | 38,473,159 |
Net income (loss) per common share | ||||
Basic and diluted (in dollars per share) | $ 0 | $ 0.03 | $ 0.02 | $ (0.02) |
Food and Beverage [Member] | ||||
Net revenue | ||||
Revenue | $ 1,932,304 | $ 2,108,257 | $ 3,869,752 | $ 4,468,402 |
Security Alarm Monitoring [Member] | ||||
Net revenue | ||||
Revenue | 665,028 | 642,623 | 1,294,860 | 1,333,253 |
Beauty Products [Member] | ||||
Net revenue | ||||
Revenue | 784,463 | 992,852 | 1,588,541 | 2,013,924 |
Financial Service [Member] | ||||
Net revenue | ||||
Revenue | $ 124,282 | $ 0 | $ 257,775 | $ 0 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net income (loss) | $ 181,794 | $ 1,023,335 | $ 678,962 | $ (857,658) |
Other comprehensive income (loss): | ||||
Foreign currency translation gain (loss) | 333,949 | (14,442) | 20,190 | (100,610) |
Comprehensive income (loss) | $ 515,743 | $ 1,008,893 | $ 699,152 | $ (958,268) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total | |
Balance (in shares) at Jun. 30, 2021 | 49,360 | 37,485,959 | |||||
Balance at Jun. 30, 2021 | $ 49 | $ 37,486 | $ 9,330,843 | $ 142,581 | $ 15,775,705 | $ 25,286,664 | |
Gain (loss) on currency translation | 0 | 0 | 0 | (86,168) | 0 | (86,168) | |
Net income (loss) | $ 0 | $ 0 | 0 | 0 | (1,880,993) | (1,880,993) | |
Balance (in shares) at Sep. 30, 2021 | 49,360 | 37,485,959 | |||||
Balance at Sep. 30, 2021 | $ 49 | $ 37,486 | 9,330,843 | 56,413 | 13,894,712 | 23,319,503 | |
Balance (in shares) at Jun. 30, 2021 | 49,360 | 37,485,959 | |||||
Balance at Jun. 30, 2021 | $ 49 | $ 37,486 | 9,330,843 | 142,581 | 15,775,705 | 25,286,664 | |
Net income (loss) | (857,658) | ||||||
Balance (in shares) at Dec. 31, 2021 | 49,360 | 37,485,959 | |||||
Balance at Dec. 31, 2021 | $ 49 | $ 37,486 | 9,330,843 | 41,971 | 14,918,047 | 24,328,396 | |
Balance (in shares) at Sep. 30, 2021 | 49,360 | 37,485,959 | |||||
Balance at Sep. 30, 2021 | $ 49 | $ 37,486 | 9,330,843 | 56,413 | 13,894,712 | 23,319,503 | |
Gain (loss) on currency translation | 0 | 0 | 0 | (14,442) | 0 | (14,442) | |
Net income (loss) | $ 0 | $ 0 | 0 | 0 | 1,023,335 | 1,023,335 | |
Balance (in shares) at Dec. 31, 2021 | 49,360 | 37,485,959 | |||||
Balance at Dec. 31, 2021 | $ 49 | $ 37,486 | 9,330,843 | 41,971 | 14,918,047 | 24,328,396 | |
Balance (in shares) at Jun. 30, 2022 | 49,360 | 39,383,459 | |||||
Balance at Jun. 30, 2022 | $ 49 | $ 39,384 | 12,313,205 | (234,790) | 16,921,426 | 29,039,274 | [1] |
Gain (loss) on currency translation | 0 | 0 | 0 | (313,759) | 0 | (313,759) | |
Stock-based compensation | 0 | 0 | 6,700 | 0 | 0 | 6,700 | |
Net income (loss) | $ 0 | $ 0 | 0 | 0 | 497,168 | 497,168 | |
Balance (in shares) at Sep. 30, 2022 | 49,360 | 39,383,459 | |||||
Balance at Sep. 30, 2022 | $ 49 | $ 39,384 | 12,319,905 | (548,549) | 17,418,594 | 29,229,383 | |
Balance (in shares) at Jun. 30, 2022 | 49,360 | 39,383,459 | |||||
Balance at Jun. 30, 2022 | $ 49 | $ 39,384 | 12,313,205 | (234,790) | 16,921,426 | 29,039,274 | [1] |
Net income (loss) | 678,962 | ||||||
Balance (in shares) at Dec. 31, 2022 | 49,360 | 39,383,459 | |||||
Balance at Dec. 31, 2022 | $ 49 | $ 39,384 | 12,329,609 | (214,600) | 17,600,388 | 29,754,830 | |
Balance (in shares) at Sep. 30, 2022 | 49,360 | 39,383,459 | |||||
Balance at Sep. 30, 2022 | $ 49 | $ 39,384 | 12,319,905 | (548,549) | 17,418,594 | 29,229,383 | |
Gain (loss) on currency translation | 0 | 0 | 0 | 333,949 | 0 | 333,949 | |
Stock-based compensation | 0 | 0 | 9,704 | 0 | 0 | 9,704 | |
Net income (loss) | $ 0 | $ 0 | 0 | 0 | 181,794 | 181,794 | |
Balance (in shares) at Dec. 31, 2022 | 49,360 | 39,383,459 | |||||
Balance at Dec. 31, 2022 | $ 49 | $ 39,384 | $ 12,329,609 | $ (214,600) | $ 17,600,388 | $ 29,754,830 | |
[1]Derived from audited financial statements |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income (loss) | $ 678,962 | $ (857,658) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 296,985 | 287,849 |
Bad debt expense | 582 | 0 |
Impairment to inventory value | 288 | 3,478 |
Stock-based compensation | 16,404 | 0 |
Unrealized gain on investments | (11,020) | (29,251) |
Loss on disposal of equipment | 0 | 37,189 |
Operating lease right-of-use asset - non-cash lease cost | 147,363 | 337,850 |
Decrease (increase) in current assets: | ||
Accounts receivable, net | (199,029) | (118,395) |
Accounts receivable - related party | 463,654 | 256,020 |
Prepaid income taxes and tax receivable | 121,124 | (324,699) |
Inventories | (360,765) | (196,514) |
Other current assets | (33,427) | (74,549) |
Accounts payable and accrued expenses | (43,698) | (486,835) |
Operating lease liabilities | (153,206) | (341,411) |
Expense waivers - related party | 93,378 | 59,064 |
Net cash provided by (used in) operating activities | 1,017,595 | (1,447,862) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property, plant and equipment | (34,777) | (3,988) |
Purchase consideration payable | (633,893) | 0 |
Proceeds from sale of investments | 1,000,000 | 506,492 |
Purchase of investments | (266,680) | (1,533,385) |
Net cash provided by (used in) investing activities | 64,650 | (1,030,881) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Repayment of property and equipment loans | (7,099) | (7,208) |
Principal payments of finance lease liability | (5,573) | (1,753) |
Issuance costs pursuant to planned stock issuance | 0 | (249,720) |
Net cash used in financing activities | (12,672) | (258,681) |
Effect of exchange rate change on cash and cash equivalents | (12,392) | (50,404) |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 1,057,181 | (2,787,828) |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE | 13,928,899 | 16,086,944 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE | 14,986,080 | 13,299,116 |
Cash and cash equivalents | 14,579,438 | 13,285,452 |
Restricted cash | 406,642 | 13,664 |
Total cash, cash equivalents and restricted cash shown in statement of cash flows | 14,986,080 | 13,299,116 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
Interest paid | 7,855 | 8,046 |
Income taxes paid, net | 164,396 | 632,961 |
NON CASH INVESTING AND FINANCING ACTIVITIES: | ||
Acquistion of operating right-of-use assets through operating lease liability | 103,609 | 995,805 |
Acquisition of equipment through finance lease liability | $ 0 | $ 150,625 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS The Marygold Companies, Inc., (the “Company” or "The Marygold Companies"), a Nevada corporation, operates through its wholly owned subsidiaries who are engaged in varied business activities. The operations of the Company’s wholly owned subsidiaries are more particularly described herein but are summarized as follows: ● USCF Investments, Inc. (“USCF Investments”), a U.S. based company, is the sole member of two ● Gourmet Foods, Ltd., a New Zealand based company, manufactures and distributes New Zealand meat pies on a commercial scale and its wholly-owned New Zealand subsidiary company, Printstock Products Limited, prints specialty wrappers for the food industry in New Zealand and Australia. (collectively "Gourmet Foods") ● Brigadier Security Systems ( 2000 ● Kahnalytics, Inc. dba/Original Sprout (“Original Sprout”), a U.S. based company, is engaged in the wholesale distribution of hair and skin care products under the brand name Original Sprout on a global scale. ● Marygold & Co., a newly formed U.S. based company, together with its wholly-owned limited liability company, Marygold & Co. Advisory Services, LLC, (collectively "Marygold") was established by The Marygold Companies to explore opportunities in the financial technology ("Fintech") space, still in the development stage as of December 31, 2022, December 31, 2022, ● Marygold & Co. (UK) Limited, a newly formed U.K. limited company, together with its newly acquired UK subsidiary, Tiger Financial and Asset Management, Ltd. (collectively “Marygold UK”) is an asset manager and registered investment advisor in the UK. Operations are included in these condensed consolidated financial statements beginning on the acquisition date of June 20, 2022. The Marygold Companies manages its operating businesses on a decentralized basis. There are no |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Accounting Principles The Company has prepared the accompanying unaudited financial statements on a consolidated basis. In the opinion of management, the accompanying unaudited condensed consolidated balance sheets, related statements of income and comprehensive income, and cash flows include all adjustments, consisting only of normal recurring items, necessary for their fair presentation, prepared on an accrual basis, in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The information included in this Form 10 10 June 30, 2022 September 28, 2022. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements, which are referred to herein as the “Financial Statements”, include the accounts of The Marygold Companies and its wholly-owned subsidiaries, USCF Investments, Gourmet Foods, Brigadier, Original Sprout, Marygold and Marygold UK are presented on a consolidated basis. All inter-company transactions and accounts have been eliminated in consolidation. Use of Estimates The preparation of the Financial Statements are in conformity with U.S. GAAP which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include all cash and highly liquid debt instruments with original maturities of three $250,000 CD$100,000 £85,000. not Accounts Receivable, net and Accounts Receivable - Related Parties Accounts receivable, net consist of receivables related to the Brigadier, Gourmet Foods and Original Sprout businesses. Management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, customer concentrations, current economic trends and changes in customer payment patterns to determine whether or not December 31, 2022 June 30, 2022, Accounts receivable - related parties consist of fund asset management fees receivable related to the USCF Investments business. Management fees receivable generally consist of one December 31, 2022 June 30, 2022, Major Customers and Suppliers Concentration of Credit Risk The Marygold Companies, as a holding company, operates through its wholly owned subsidiaries and has no no no three six December 31, 2022 2021. For our subsidiary, USCF Investments, the concentration of risk and the relative reliance on major customers are found within the various funds it manages and the associated three six December 31, 2022 December 31, 2021 December 31, 2022 June 30, 2022 For the Three Months Ended For the Three Months Ended December 31, 2022 December 31, 2021 Revenue Revenue Fund USO $ 2,461,185 47 % $ 2,975,211 52 % BNO 474,848 9 % 470,879 8 % UNG 749,880 14 % 686,360 12 % USCI 543,957 10 % 495,779 9 % All Others 1,036,301 20 % 1,073,155 19 % Total $ 5,266,171 100 % $ 5,701,384 100 % For the Six Months Ended For the Six Months Ended December 31, 2022 December 31, 2021 Revenue Fund USO $ 5,025,430 47 % $ 6,117,818 54 % BNO 894,055 8 % 990,797 9 % UNG 1,557,820 15 % 1,114,147 10 % USCI 1,141,342 11 % 971,363 8 % All Others 2,066,959 19 % 2,164,286 19 % Total $ 10,685,606 100 % $ 11,358,411 100 % As of December 31, 2022 As of June 30, 2022 Accounts Receivable Accounts Receivable Fund USO $ 848,805 48 % $ 1,101,495 49 % BNO 157,251 9 % 192,208 9 % UNG 240,449 14 % 249,638 11 % USCI 178,702 10 % 270,796 12 % All Others 342,013 19 % 416,737 19 % Total $ 1,767,220 100 % $ 2,230,874 100 % The Marygold Companies, through Gourmet Foods and its wholly owned subsidiary, Printstock Products Limited, has two 1 2 16 one Baking: three 1 2 3 no three December 31, 2022, three December 31, 2021. six December 31, 2022, six December 31, 2021. not December 31, 2022, June 30, 2022. December 31, 2022 June 30, 2022. In the gasoline convenience store market customer group, Gourmet Foods supplies two three six December 31, 2022 three six December 31, 2021, No December 31, 2022 June 30, 2022. second three six December 31, 2022, December 31, 2022 June 30, 2022, The third no three six December 31, 2022 December 31, 2021, December 31, 2022 June 30, 2022. Printing: one three six December 31, 2022, three six December 31, 2021, December 31, 2022 June 30, 2022, Consolidated: three December 31, 2022 three December 31, 2021. six December 31, 2022, three six December 31, 2021. nil% December 31, 2022 June 30, 2022. Gourmet Foods, including Printstock, is not one The Marygold Companies, through Brigadier, is partially dependent upon its contractual relationship with the alarm monitoring company who provides monitoring services to Brigadier’s customers. In the event this contract is terminated, Brigadier would be compelled to find an alternate source of alarm monitoring, or establish such a facility itself. Management believes that the contractual relationship is sustainable, and has been for many years, with alternate solutions available should the need arise. Sales to the largest customer, which includes contracts and recurring monthly support fees, totaled 42% and 47% of the total Brigadier revenues for the three six December 31, 2022, three six December 31, 2021, December 31, 2022 June 30, 2022. Brigadier purchases alarm panels, digital and analog cameras, mounting hardware and accessory items needed to complete security installations from a variety of sources. The manufacture of electronic items such as those sought by Brigadier has expanded to a global scale thus providing Brigadier with a broad choice of suppliers. Brigadier bases its vendor selection on several criteria including: price, availability, shipping costs, quality, suitability for purpose and the technical support of the manufacturer. Brigadier is not one The Marygold Companies, through Original Sprout, sells its products through 3 1 2 3 Original Sprout, has thousands of customers and, from time to time, certain customers become significant during specific reporting periods, but may not one three December 31, 2022 No three six December 31, 2022 2021. none December 31, 2022 11%, June 30, 2022. The Marygold Companies, through Original Sprout, is dependent upon its relationship with a product packaging company who, at the direction of Original Sprout, produces the products in accordance with proprietary formulas, packages them in appropriate containers, and delivers the finished goods to Original Sprout for distribution to its customers. All of Original Sprout’s products are currently produced by this packaging company, although if this relationship were to fail there are other similar packaging companies available to Original Sprout at competitive pricing. Because of the nature of the Original Sprout product ingredients, some of the ingredients may, 90 not not not The Marygold Companies, through Marygold & Co. (UK), had no three six December 31, 2022 June 30, 2022. Inventories Inventories, consisting primarily of: (i) food products, printing supplies, and packaging in New Zealand; (ii) hair and skin care finished products and components in the U.S.; and, (iii) security system hardware in Canada, are valued at the lower of cost or net realizable value. Inventories in Canada and New Zealand are maintained on the first first three six December 31, 2022 2021, Property, Plant and Equipment Property, plant and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and leasehold improvements are capitalized. Office furniture and equipment include office fixtures, computers, printers and other office equipment plus software and applicable packaging designs. Leasehold improvements, which are included in plant and equipment, are depreciated over the shorter of the useful life of the improvement and the length of the lease. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed using the straight-line method over the estimated useful life of the asset (see Note 5 Category Estimated Useful Life (in years) Building 39 Plant and equipment: 5 to 10 Furniture and office equipment 3 to 5 Vehicles 3 to 5 Intangible Assets Intangible assets consist of brand names, domain names, recipes, non-compete agreements and customer lists along with the internal use software in process for the business applications of Marygold to be launched in the coming fiscal year. Intangible assets with finite lives are amortized over the estimated useful life and are evaluated for impairment at least on an annual basis and whenever events or changes in circumstances indicate that the carrying value may not six December 31, 2022 June 30, 2022. Goodwill Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a business combination transaction. Goodwill is tested for impairment on an annual basis during the fourth may first not six December 31, 2022 June 30, 2022. Impairment of Long-Lived Assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not six December 31, 2022 June 30, 2022. Investments and Fair Value of Financial Instruments Equity securities included in short-term investments are classified as available-for-sale securities and debt securities are classified as trading securities. The Company measures the investments at fair value at period end with any changes in fair value reflected as unrealized gains or (losses) which is included as part of other (expense) income. The Company values its investments in accordance with Accounting Standards Codification ("ASC") 820 820” 820 820 820 1 2 three 820 Level 1 Level 2 1 2 not Level 3 not In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. Warrants to Purchase Common Stock The Company from time to time will issue warrant instruments to purchase common stock and accounts for warrant instruments as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the warrants and applicable authoritative guidance in ASC 480, 480" 815, 815" may December 31, 2022 June 30, 2022 Stock-Based Compensation Stock-based compensation expense is measured based on grant date at fair value using the Black-Scholes option pricing model for stock options and the grant date closing stock price for restricted stock awards. The Company recognizes stock-based compensation expense related to stock options and restricted stock awards on a straight-line basis over the requisite service period of the awards, which is generally the vesting term of four five three six December 31, 2022, six December 31, 2022. ( 12 Revenue Recognition Revenue consists of fees earned through management of investment funds in the United States, fees earned in through the management of customer investments in the United Kingdom, sale of gourmet meat pies and printing of food wrappers in New Zealand, security alarm system installation and maintenance services in Canada, and sales of hair and skin care products internationally. Revenue is accounted for net of sales taxes, sales returns, and trade discounts. The performance obligation is satisfied when the product has been shipped and title, risk of loss and rewards of ownership have been transferred. For most of the Company’s product sales or services, these criteria are met at the time the product is shipped, the subscription period commences, or the management fees earned each month. For our Brigadier subsidiary in Canada, the Company operates under contract with an alarm monitoring company that pays a percentage of its recurring monitoring fee to Brigadier in exchange for continued customer service and support functions with respect to each customer maintained under contract by the monitoring company. The Company has no The Company generates revenue, in part, through contractual monthly recurring fees received for providing ongoing customer support services to monitoring company clientele. The five 1. Identifying the contract(s) with customers; 2. Identifying the performance obligations in the contract; 3. Determining the transaction price; 4. Allocating the transaction price to the performance obligations in the contract; and 5. Recognizing revenue when or as the performance obligation is satisfied. Transactions involve security systems that are sold outright to the customer where the Company's performance obligations include customer support services and the sale and installation of the security systems. For such arrangements, the Company allocates a portion of the transaction price to each performance obligation based on a relative stand-alone selling price. Revenue associated with the sale and installation of security systems is recognized once installation is complete, and is reflected as security system revenue in the Condensed Consolidated Statements of Income. Revenue associated with customer support services is recognized as those services are provided, and is included as a component of security system revenue in the Condensed Consolidated Statements of Income, which for the three six December 31, 2022, three six December 31, 2021, three six December 31, 2022 three six December 31, 2021, None Because the Company has no no no Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not not not 50 Advertising Costs The Company expenses the cost of advertising as incurred. Marketing and advertising costs for the three December 31, 2022 December 31, 2021 six December 31, 2022 December 31, 2021 Other Comprehensive Income (Loss) Foreign Currency Translation We record foreign currency translation adjustments and transaction gains and losses in accordance with ASC 830, Foreign Currency Matters Segment Reporting The Company defines operating segments as components for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The Company allocates its resources and assesses the performance of its sales activities based on these segments (Refer to Note 16 Business Combinations We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not may one may six December 31, 2022 June 30, 2022 no Recent Accounting Pronouncements In June 2016, 2016 13, 326 Measurement of Credit Losses on Financial Instruments 2018 19, 2019 04, 2019 05, 2019 10, 2019 11, December 15, 2022 ( 2019 10 In August 2020, No. 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 Contracts in Entity s Own Equity (Subtopic 815 40 470 20 may December 15, 2023, December 15, 2020, not |
Note 3 - Basic and Diluted Net
Note 3 - Basic and Diluted Net Income (Loss) Per Share | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 3. BASIC AND DILUTED NET INCOME (LOSS) PER SHARE Basic net income per share is based upon the weighted average number of common shares outstanding. This calculation includes the weighted average number of Series B Convertible Preferred shares outstanding also, as they are deemed to be substantially similar to the common shares and shareholders are entitled to the same liquidation and dividend rights. Potentially dilutive securities include the Series B Convertible Preferred Shares, outstanding unvested restricted stock awards, and outstanding warrants to purchase common stock. The treasury stock method is used to compute the potentially dilutive effect of outstanding warrants, stock options, and unvested restricted stock. Under this method, options, warrants, and unvested restricted stock are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. On August 25, 2021 2021 not June 30, 2022. six December 31, 2022 not 1 not 1 one 14C not Basic and diluted net income per share reflects the effects of shares potentially issuable upon conversion of convertible preferred stock. The dilutive effect of nonvested restricted stock awards and stock options results in approximately 0 three six December 31, 2022, three December 31, 2022 2021, The components of basic and diluted earnings per share were as follows: For the Three Months Ended December 31, 2022 Net Income Shares Per Share Basic net income per share: Net income available to common shareholders $ 177,349 39,383,459 $ 0.00 Net income available to preferred shareholders 4,445 987,200 $ 0.00 Basic net income per share $ 181,794 40,370,659 $ 0.00 For the Three Months Ended December 31, 2021 Net Income Shares Per Share Basic net income per share: Net income available to common shareholders $ 996,012 37,445,919 $ 0.03 Net income available to preferred shareholders 27,323 1,027,240 $ 0.03 Basic and diluted income per share $ 1,023,335 38,473,159 $ 0.03 For the Six Months Ended December 31, 2022 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 662,145 39,383,459 $ 0.02 Impact of dilutive securities 219 13,063 $ 0.02 Net income available to common shareholders, diluted 662,364 39,396,522 $ 0.02 Net income available to preferred shareholders 16,598 987,200 $ 0.02 Diluted income per share $ 678,962 40,383,722 $ 0.02 For the Six Months Ended December 31, 2021 Net (Loss) Shares Per Share Basic loss per share: Net loss available to common shareholders $ (835,651 ) 37,485,959 $ (0.02 ) Net loss available to preferred shareholders (22,007 ) 987,200 $ (0.02 ) Diluted loss per share $ (857,658 ) 38,473,159 $ (0.02 ) |
Note 4 - Inventories
Note 4 - Inventories | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 4. INVENTORIES Inventories for Gourmet Foods, Brigadier and Original Sprout consisted of the following totals as of December 31, 2022 June 30, 2022: December 31, June 30, 2022 2022 Raw materials $ 1,526,234 $ 1,273,581 Supplies and packing materials 196,930 195,207 Finished goods 860,771 731,954 Total inventories $ 2,583,935 $ 2,200,742 |
Note 5 - Property, Plant and Eq
Note 5 - Property, Plant and Equipment | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 5. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following as of December 31, 2022 June 30, 2022: December 31, June 30, 2022 2022 Plant and equipment $ 1,945,332 $ 1,905,921 Furniture and office equipment 277,493 254,616 Land and building 562,302 590,662 Vehicles 356,375 363,295 Solar energy system 140,393 138,030 Total property, plant and equipment, gross 3,281,895 3,252,524 Accumulated depreciation (1,975,220 ) (1,860,630 ) Total property, plant and equipment, net $ 1,306,675 $ 1,391,894 For the three six December 31, 2022 three six December 31, 2021. |
Note 6 - Intangible Assets
Note 6 - Intangible Assets | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | NOTE 6. INTANGIBLE ASSETS Intangible assets consisted of the following as of December 31, 2022 June 30, 2022: December 31, June 30, 2022 2022 Customer relationships $ 1,364,318 $ 1,363,935 Brand name 1,297,789 1,297,789 Domain name 36,913 36,913 Recipes 1,221,601 1,221,601 Non-compete agreement 274,982 274,982 Internally developed software 217,990 217,990 Total 4,413,593 4,413,210 Less : accumulated amortization (1,904,495 ) (1,704,314 ) Net intangibles $ 2,509,098 $ 2,708,896 CUSTOMER RELATIONSHIPS On August 11, 2015, June 2, 2016, December 18, 2017, July 1, 2020, June 20, 2022 December 31, June 30, 2022 2022 Customer relationships $ 1,364,318 1,363,935 Less: accumulated amortization (545,146 ) (458,550 ) Total customer relationships, net $ 819,172 905,385 BRAND NAME On August 11, 2015, June 2, 2016, December 18, 2017, may July 1, 2020, no June 20, 2022 no December 31, June 30, 2022 2022 Brand name $ 1,297,789 $ 1,297,789 Less: accumulated amortization (270,102 ) (249,831 ) Total brand name, net $ 1,027,687 $ 1,047,958 DOMAIN NAME On August 11, 2015, June 2, 2016, December 31, 2022, December 31, June 30, 2022 2022 Domain name $ 36,913 $ 36,913 Less: accumulated amortization (36,913 ) (36,913 ) Total brand name, net $ - $ - RECIPES AND FORMULAS On August 11, 2015, December 18, 2017 December 31, June 30, 2022 2022 Recipes and formulas $ 1,221,601 $ 1,221,601 Less: accumulated amortization (777,352 ) (701,736 ) Total recipes and formulas, net $ 444,249 $ 519,865 NON-COMPETE AGREEMENT On June 2, 2016, December 18, 2017 December 31, June 30, 2022 2022 Non-compete agreement $ 274,982 $ 274,982 Less: accumulated amortization (274,982 ) (257,284 ) Total non-compete agreement, net $ - $ 17,698 INTERNAL USE SOFTWARE During the quarter ended December 31, 2020, December 31, 2022, December 31, 2022, AMORTIZATION EXPENSE The total amortization expense for intangible assets for the three six December 31, 2022 three six December 31, 2021 Estimated remaining amortization expenses of intangible assets for the next five Years Ending June 30, Expense 2023 $ 179,128 2024 361,226 2025 345,962 2026 234,194 2027 92,417 Thereafter 1,296,171 Total $ 2,509,098 |
Note 7 - Other Assets
Note 7 - Other Assets | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 7. OTHER ASSETS Other Current Assets Other current assets totaling $735,834 as of December 31, 2022 June 30, 2022 As of December 31, 2022 As of June 30, 2022 Prepaid expenses $ 705,809 $ 630,285 Other current assets 30,025 69,262 Total $ 735,834 $ 699,547 Investments USCF Investments, from time to time, provides initial seed capital in connection with the creation of ETPs or ETFs that are managed by USCF or USCF Advisers. USCF Investments classifies these investments as current assets as these investments are generally sold within one no no 825, December 31, 2022 June 30 2022, three six December 31, 2022 three six December 31, 2021. December 31, 2022 June 30, 2022, All of the Company's short-term investments are classified as Level 1 December 31, 2022 June 30, 2022. December 31, 2022 June 30, 2022: December 31, 2022 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Money market funds $ 1,062,336 $ - $ - $ 1,062,336 Other short-term investments 536,599 - (1,702 ) 534,897 Short-term treasury bills 1,473,339 6,721 - 1,480,060 Other equities 1,246,926 22,779 - 1,269,705 Total short-term investments $ 4,319,200 $ 29,500 $ (1,702 ) $ 4,346,998 June 30, 2022 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Money market funds $ 1,051,017 $ - $ - $ 1,051,017 Other short term investments 271,346 - (1,919 ) 269,427 Short-term treasury bills 2,470,020 - (4,156 ) 2,465,864 Other equities 1,246,926 32,697 - 1,279,623 Total short-term investments $ 5,039,309 $ 32,697 $ (6,075 ) $ 5,065,931 During the six one December 31, 2022 June 30, 2022, no 1 2. Restricted Cash At December 31, 2022 June 30, 2022, NZ$ 20,000 US$12,700 US$12,486, one December 31, 2022, £325,576 US$393,941 Long Term Assets Other long-term assets totaling $552,660 as of December 31, 2022 June 30, 2022 (i) $500,000 as of December 31, 2022 June 30, 2022 three December 31, 2022 June 30, 2022; (ii) $52,660 and $40,160 as of December 31, 2022 June 30, 2022, |
Note 8 - Goodwill
Note 8 - Goodwill | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | NOTE 8. GOODWILL Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in business combinations. Goodwill is comprised of the following amounts as of December 31, 2022 June 30, 2022: December 31, June 30, 2022 2022 Goodwill – Original Sprout $ 416,817 $ 416,817 Goodwill – Gourmet Foods 275,311 275,311 Goodwill – Brigadier 351,345 351,345 Goodwill - Marygold & Co. (UK) 1,263,729 1,263,729 Total $ 2,307,202 $ 2,307,202 The Company tests for goodwill impairment at each reporting unit. There was no three December 31, 2022 2021. |
Note 9 - Accounts Payable and A
Note 9 - Accounts Payable and Accrued Expenses | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 9. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following as of December 31, 2022 June 30, 2022: December 31, June 30, 2022 2022 Accounts payable $ 1,387,943 $ 2,001,978 Taxes payable 273,282 196,473 Accrued payroll, vacation and bonus payable 405,561 331,644 Accrued operating expenses 653,564 275,695 Total $ 2,720,350 $ 2,805,790 |
Note 10 - Related Party Transac
Note 10 - Related Party Transactions | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 10. RELATED PARTY TRANSACTIONS Notes Payable - Related Parties Notes payable totaling $600,000 in principal plus $144,000 in accrued interest were repaid to two June 30, 2022, three six December 31, 2022 2021 USCF Investments - Related Party Transactions The Funds managed by USCF and USCF Advisers are deemed by management to be related parties. The Company’s USCF Investments revenues, totaling $5.3 million and $5.7 million for the three December 31, 2022 2021, six December 31, 2022 2021, December 31, 2022 June 30, 2022, three six December 31, 2022 three six December 31, 2021, December 31, 2022 June 30, 2022, 15 December 31, 2022 June 30, 2022, December 31, 2022 June 30, 2022, 7. |
Note 11 - Loans - Property and
Note 11 - Loans - Property and Equipment | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Loan Commitments [Text Block] | NOTE 11. LOANS - PROPERTY AND EQUIPMENT As of December 31, 2022, CD$461,402 US$340,784 December 31, 2022) December 31, 2022 June 30, 2022 twelve US$14,710 US$15,135, US$326,074 US$350,293, three December 31, 2022 2021 US$3,646 US$4,026, six December 31, 2022 US$7,230 six December 31, 2021. June 30, 2024, not Included in loans related to property and equipment are the payments due under the solar energy system finance lease at Gourmet Foods. The Condensed Consolidated Balance Sheets as of December 31, 2022 June 30, 2022 twelve US$18,674 US$18,360, US$101,416 US$108,885, 15 |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 12. STOCKHOLDERS' EQUITY Common Stock Issued in Underwritten Offering On March 9, 2022, 1 No. 333 261522 March 9, 2022. Pursuant to the Underwriting Agreement, the public offering price was $2.00 per Share (the "Offering Price"), and the Underwriter purchased the Shares at a 7.0% discount to the public Offering Price. The Company granted the Underwriter the option to purchase, within 45 days from the date of the Underwriting Agreement, an additional 247,500 shares of Common Stock at the same price per share as the Shares (the “Over-Allotment Option”), which the Underwriter exercised in full on March 11, 2022. The Underwriting Agreement includes customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriter, including liabilities under the Securities Act of 1933, not 180 In exchange for the Underwriter’s services, the Company agreed to (i) sell the Common Stock to the Underwriter at a purchase price of $1.86 per share of Common Stock, reflecting the underwriting discount of 7%, and (ii) issue the Underwriter (or its designees) the Warrants to purchase shares of Common Stock equal to 5.0% of the aggregate number of shares of Common Stock sold in the Offering, along with associated registration rights (the “Underwriter’s Warrants”). On March 14, 2022, no March 9, 2022 424 4 Warrants to Purchase Common Stock On March 14, 2022, may September 14, 2022, March 14, 2027. no three six December 31, 2022 June 30, 2022 Convertible Preferred Stock The Company has 50,000,000 shares authorized to issue as Preferred Stock. The Preferred Stock is designated into two December 31, 2022 June 30, 2022 Each issued Series B Convertible Preferred Stock is convertible into 20 shares of common stock and carries a vote of 20 January 15, 2021, 49,360 December 31, 2022 June 30, 2022. Stock-based Awards - Employees and Vendor Compensation During the six December 31, 2022 2021 2023 2027. Restricted Stock Outstanding as of December 31, 2022 Number of Shares Weighted Average Grant Date Fair Value Balance as of June 30, 2022 - $ - Granted – restricted stock awards 277,037 $ 1.35 Vested and converted to shares - $ - Canceled - $ - Balance as of December 31, 2022 277,037 $ 1.35 Expected to vest 277,037 The following table summarizes the activities for the Company's stock options plan for the six December 31, 2022. Options Outstanding as of December 31, 2022 Outstanding Stock Options Weighted Average Exercise Price Balance as of June 30, 2022 - $ - Granted – options 50,000 $ 1.45 Vested - $ - Exercised - $ - Balance as of December 31, 2022 50,000 $ 1.45 Exercisable as of December 31, 2022 - $ - The estimated aggregate intrinsic value of stock options exercisable as of December 31, 2022 $2,450. December 31, 2022, 6.63 December 31, 2022 2.8 Fiscal Period Remaining six months of fiscal 2023 $ 26,713 Fiscal 2024 87,691 Fiscal 2025 123,640 Fiscal 2026 159,718 Fiscal 2027 31,634 Total stock-based compensation $ 429,396 There were no three six December 31, 2022 December 31, 2021. |
Note 13 - Business Combinations
Note 13 - Business Combinations | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 13. BUSINESS COMBINATIONS On August 17, 2021, £42 June 20, 2022. June 20, 2022 £2,382,372 US$2,913,164 June 20, 2022), December 31, 2022, £1,882,372 £500,000 US$604,990 December 31, 2022) December 31, 2023, £500,000 December 31, 2023. no December 31, 2023. US$86,277 US$113,833 Item Amount Cash in bank $ 1,159,020 Prepayments/deposits 17,962 Plant, property and equipment 2,922 Intangible assets 684,768 Goodwill 1,263,729 Tax liability (86,277 ) Deferred tax liability (113,833 ) Accounts payable and accrued expenses (15,127 ) Total Purchase Price $ 2,913,164 Supplemental Pro Forma Information (Unaudited) The following unaudited supplemental pro forma information for the three December 31, 2021, July 1, 2021, may not July 1, 2021. not Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Six Months Ended December 31, 2022 Six Months Ended December 31, 2021 Actual Pro Forma Actual Pro Forma Net revenues $ 9,445,116 $ 9,773,680 $ 19,173,990 $ 19,502,554 Net (loss) $ 1,023,335 $ 1,079,629 $ (857,658 ) $ (667,833 ) Basic earnings per share $ 0.03 $ 0.03 $ (0.02 ) $ (0.02 ) Diluted earnings per share $ 0.03 $ 0.03 $ (0.02 ) $ (0.02 ) |
Note 14 - Income Taxes
Note 14 - Income Taxes | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 14. INCOME TAXES The Company accounts for income taxes under the asset and liability method, which recognizes deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the tax bases of assets and liabilities and their financial statement reported amounts, and for net operating losses and tax credit carryforwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company records a valuation allowance against deferred tax assets when it is more likely than not not not The Company accounts for uncertain tax positions in accordance with the authoritative guidance on income taxes under which the Company may not" As of December 31, 2022, three December 31, 2022 December 31, 2021. The Company is required to make its best estimate of the annual effective tax rate for the full fiscal year and use that rate to provide for income taxes on a current year-to-date basis. The Company recorded tax expense of $107 thousand and $334 thousand for the three six December 31, 2022, three six December 31, 2021, The Company is subject to income taxes in the U.S. federal, various states, Canada and New Zealand tax jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. The Company’s U.S. tax years 2018 2021 three four 2018 2021 December 31, 2022, no |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 15. COMMITMENTS AND CONTINGENCIES Lease Commitments The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use assets, accrued expenses, and long-term operating lease liabilities in the Condensed Consolidated Balance Sheets. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. In determining the present value of lease payments, the Company uses its incremental borrowing rate based on the information available at the lease commencement date. The operating lease right-of-use assets also include any lease payments made at or before the commencement date and are reduced by any lease incentives received. The Company’s lease terms may not not not 12 not The Company’s most significant operating leases are real estate leases of office, warehouse and production facilities. The remaining operating leases are primarily comprised of leases of printers and other equipment which are deemed insignificant. For all operating leases, the Company has elected the practical expedient permitted under Topic 842 The Company has one Fixed lease expense payments are recognized on a straight-line basis over the lease term. Variable lease payments vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time. Certain of the Company’s operating lease agreements include variable payments that are passed through by the landlord, such as insurance, taxes, and common area maintenance. Variable payments are deemed immaterial, expensed as incurred, and included within rent expense under general and administrative expense. The Company leases various facilities and offices throughout the world including the following subsidiary locations: Gourmet Foods has operating leases for its office, factory and warehouse facilities located in Tauranga, New Zealand, and facilities leased by its subsidiary, Printstock, in Napier, New Zealand, as well as for certain equipment including printers and copiers. These leases are generally for three two three December 31, 2022 US$ 103,603 December 31, 2022. October 2025 October 2026, not December 31, 2022. one December 2031 US$1,665 December 31, 2022. US$2,435 December 31, 2022. November 30, 2023. December 1, 2022. December 2024. For three December 31, 2022 2021, six December 31, 2022 2021, December 31, 2022 Future minimum consolidated lease payments for The Marygold Companies and its subsidiaries are as follows: Year Ended June 30, Lease Amount Finance Lease 2023 $ 381,128 $ 13,439 2024 480,984 17,919 2025 188,566 17,919 2026 175,336 17,919 2027 58,445 17,919 Thereafter - 93,037 Total minimum lease payments 1,284,459 178,152 Less: present value discount (32,785 ) (52,183 ) Total operating lease liabilities $ 1,251,674 $ 125,969 The weighted average remaining lease term for the Company's operating leases was 3.01 years as of December 31, 2022 Additionally, Gourmet Foods entered into a General Security Agreement in favor of the Gerald O’Leary Family Trust and registered on the Personal Property Securities Register for a priority sum of NZ$110,000 US$69,850 NZ$20,000 US$12,700 Other Agreements and Commitments USCF manages four May 1, 2021 December 31, 2022 June 30, 2022 no As Marygold builds out its application it enters into agreements with various service providers. As of December 31, 2022, 2023, 2024 2025. Litigation From time to time, the Company and its subsidiaries may no may, not Optimum Strategies Action On April 6, 2022, No. 3:22 00511. The Optimum Strategies Action asserts claims under the Securities Exchange Act of 1934, “1934 10b 5 February 2020, March 2020, April 20, 2020, February 2020 May 2020, 19 USCF and USO intend to vigorously contest such claims and have moved for their dismissal. Settlement of SEC and CFTC Investigations On November 8, 2021, one On August 17, 2020, 17 1 17 3 1933, “1933 10 1934 10b 5 Subsequently, on August 19, 2020, 4o 1 6 1 7 6o 1 9 1 2018 4.26, 4.41, 180.1 17 4.26, 4.41, 180.1 2019 On November 8, 2021, 8A 1933 17 3 1933 15 77q 3 April 24, 2020 May 21, 2020, 17 3 1933 Separately, on November 8, 2021, 6 4o 1 7 6o 1 4.41 2 17 4.41 2 April 22, 2020 June 12, 2020, 4o 1 4.41 2 Pursuant to the SEC Order and the CFTC Order, in addition to the command to cease and desist from committing or causing any violations of Section 17 3 1933 4o 1 4.14 2 two million five hundred thousand $2,500,000 one million two hundred fifty thousand $1,250,000 In re: United States Oil Fund, LP Securities Litigation On June 19, 2020, two July 31, 2020 August 13, 2020, In re: United States Oil Fund, LP Securities Litigation, No. 1:20 04740. On November 30, 2020, 1933 1934 10b 5. February 25, 2020 March 23, 2020 April 2020 19 February 25, 2020 April 28, 2020 The lead plaintiff has filed a notice of voluntary dismissal of its claims against BNP Paribas Securities Corporation, Citadel Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities USA LLC, Deutsche Bank Securities Inc., Morgan Stanley & Company, Inc., Nomura Securities International, Inc., RBC Capital Markets, LLC, SG Americas Securities LLC, and UBS Securities LLC. USCF, USO, and the individual defendants in In re: United States Oil Fund, LP Securities Litigation Mehan Action On August 10, 2020, No. RG20070732. The Mehan Action alleges that the defendants breached their fiduciary duties to USO and failed to act in good faith in connection with a March 19, 2020 19 In re: United States Oil Fund, LP Securities Litigation USCF, USO, and the other defendants intend to vigorously contest such claims. In re United States Oil Fund, LP Derivative Litigation On August 27, 2020, two No. 1:20 06974 No. 1:20 06981 The complaints in the Cantrell and AML Actions are nearly identical. They each allege violations of Sections 10 20 21D 1934 10b 5 2020 19 The Court entered and consolidated the Cantrell and AML Actions under the caption In re United States Oil Fund, LP Derivative Litigation No. 1:20 06974 In re United States Oil Fund, LP Derivative Litigation In re: United States Oil Fund, LP Securities Litigation USCF, USO, and the other defendants intend to vigorously contest the claims in I n re United States Oil Fund, LP Derivative Litigation No December 31, 2022 June 30, 2022. Other Contingencies On December 2, 2021, 10 80 no December 31, 2021, June 30, 2022 Retirement Plan The Marygold Companies through its wholly owned subsidiary USCF Investments, has a 401 "401K three may 401K three December 31, 2022 2021, six December 31, 2022 2021, |
Note 16 - Segment Reporting
Note 16 - Segment Reporting | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 16. SEGMENT REPORTING With the acquisition of USCF Investments, Gourmet Foods, Brigadier, and the launch of the Original Sprout business unit of Kahnalytics, the Company has identified four segments for its products and services; U.S.A. investment fund management, U.S.A. beauty products, New Zealand food industry and Canada security alarm systems. Our recently incorporated subsidiaries, Marygold and Marygold UK, have not not third The following table presents a summary of identifiable assets as of December 31, 2022 June 30, 2022. December 31, June 30, 2022 2022 Identifiable assets: Corporate headquarters - including Marygold $ 4,749,242 $ 7,243,332 U.S.A. : investment fund management - related party 18,252,373 18,006,771 U.S.A. : beauty products 3,415,095 3,484,315 New Zealand: food industry 4,301,939 3,983,381 Canada: security systems 2,584,933 2,592,778 U.K.: financial services (1) 1,913,265 - Consolidated total $ 35,216,847 $ 35,310,577 ( 1 June 30, 2022 US$2,490,712 June 30, 2022. The following table presents a summary of operating information for the three December 31: Three Months Ended Three Months Ended December 31, 2022 December 31, 2021 Revenues from external customers: U.S.A. : investment fund management - related party $ 5,266,171 $ 5,701,384 U.S.A. : beauty products 784,463 992,852 New Zealand : food industry 1,932,304 2,108,257 Canada : security systems 665,028 642,623 U.K.: financial services 124,282 - Consolidated total $ 8,772,248 $ 9,445,116 Net income (loss): U.S.A. : investment fund management - related party $ 1,781,779 $ 1,985,141 U.S.A. : beauty products (41,345 ) (12,718 ) New Zealand : food industry 17,524 136,465 Canada : security systems 73,284 62,547 U.K.: financial services 12,900 - Corporate headquarters - including Marygold (1,662,348 ) (1,148,100 ) Consolidated total $ 181,794 $ 1,023,335 The following table presents a summary of operating information for the six December 31: Six Months Ended Six Months Ended December 31, 2022 December 31, 2021 Revenues from external customers: U.S.A. : investment fund management - related party $ 10,685,606 $ 11,358,411 U.S.A. : beauty products 1,588,541 2,013,924 New Zealand : food industry 3,869,752 4,468,402 Canada : security systems 1,294,860 1,333,253 U.K.: financial services 257,775 - Consolidated total $ 17,696,534 $ 19,173,990 Net income (loss): U.S.A. : investment fund management - related party 3,567,038 1,617,234 U.S.A. : beauty products (61,102 ) (8,196 ) New Zealand : food industry 218,078 289,667 Canada : security systems 180,408 140,954 U.K.: financial services 23,056 - Corporate headquarters - including Marygold (3,248,516 ) (2,897,317 ) Consolidated total $ 678,962 $ (857,658 ) The following table presents a summary of capital expenditures for the three December 31: Three Months Ended Three Months Ended December 31, 2022 December 31, 2021 Capital expenditures: U.S.A.: investment fund management $ - $ - U.S.A. : beauty products 650 428 New Zealand: food industry 1,348 - Canada: security systems 3,442 - U.K.: financial services - - U.S.A. : corporate headquarters - including Marygold 19,913 - Consolidated $ 25,353 $ 428 The following table presents a summary of capital expenditures for the six December 31,: Six Months Ended Six Months Ended December 31, 2022 December 31, 2021 Capital expenditures, net of disposals: U.S.A.: fund management $ - $ - U.S.A.: beauty products 1,778 948 New Zealand: food industry 7,202 3,040 Canada: security systems 4,140 - U.K.: financial services 1,744 - U.S.A.: corporate headquarters - including Marygold 19,913 - Consolidated $ 34,777 $ 3,988 The following table represents the property, plant and equipment in use at each of the Company's locations as of December 31, 2022 June 30, 2022: As of December 31, 2022 As of June 30, 2022 Asset Location U.S.A.: investment fund management $ - $ - U.S.A. : beauty products 62,456 60,678 New Zealand: food industry 2,281,728 2,235,896 Canada: security systems 876,177 916,054 U.K.: financial services 21,192 19,467 U.S.A. : corporate headquarters - including Marygold 40,342 20,429 Total All Locations 3,281,895 3,252,524 Less accumulated depreciation (1,975,220 ) (1,860,630 ) Net property, plant and equipment $ 1,306,675 $ 1,391,894 |
Note 17 - Subsequent Events
Note 17 - Subsequent Events | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 17. SUBSEQUENT EVENTS The Company evaluated subsequent events for recognition and disclosure through the date the financial statements were issued or filed. Nothing has occurred outside normal operations since that required recognition or disclosure in these financial statements apart from the events noted below. As it relates to USCF Investments, on January 10, 2023, USCF Sustainable Battery Metals Strategy Fund July 16, 2022. January 11, 2023 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation and Accounting Principles The Company has prepared the accompanying unaudited financial statements on a consolidated basis. In the opinion of management, the accompanying unaudited condensed consolidated balance sheets, related statements of income and comprehensive income, and cash flows include all adjustments, consisting only of normal recurring items, necessary for their fair presentation, prepared on an accrual basis, in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The information included in this Form 10 10 June 30, 2022 September 28, 2022. |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The accompanying unaudited condensed consolidated financial statements, which are referred to herein as the “Financial Statements”, include the accounts of The Marygold Companies and its wholly-owned subsidiaries, USCF Investments, Gourmet Foods, Brigadier, Original Sprout, Marygold and Marygold UK are presented on a consolidated basis. All inter-company transactions and accounts have been eliminated in consolidation. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of the Financial Statements are in conformity with U.S. GAAP which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents include all cash and highly liquid debt instruments with original maturities of three $250,000 CD$100,000 £85,000. not |
Accounts Receivable [Policy Text Block] | Accounts Receivable, net and Accounts Receivable - Related Parties Accounts receivable, net consist of receivables related to the Brigadier, Gourmet Foods and Original Sprout businesses. Management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, customer concentrations, current economic trends and changes in customer payment patterns to determine whether or not December 31, 2022 June 30, 2022, Accounts receivable - related parties consist of fund asset management fees receivable related to the USCF Investments business. Management fees receivable generally consist of one December 31, 2022 June 30, 2022, |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Major Customers and Suppliers Concentration of Credit Risk The Marygold Companies, as a holding company, operates through its wholly owned subsidiaries and has no no no three six December 31, 2022 2021. For our subsidiary, USCF Investments, the concentration of risk and the relative reliance on major customers are found within the various funds it manages and the associated three six December 31, 2022 December 31, 2021 December 31, 2022 June 30, 2022 For the Three Months Ended For the Three Months Ended December 31, 2022 December 31, 2021 Revenue Revenue Fund USO $ 2,461,185 47 % $ 2,975,211 52 % BNO 474,848 9 % 470,879 8 % UNG 749,880 14 % 686,360 12 % USCI 543,957 10 % 495,779 9 % All Others 1,036,301 20 % 1,073,155 19 % Total $ 5,266,171 100 % $ 5,701,384 100 % For the Six Months Ended For the Six Months Ended December 31, 2022 December 31, 2021 Revenue Fund USO $ 5,025,430 47 % $ 6,117,818 54 % BNO 894,055 8 % 990,797 9 % UNG 1,557,820 15 % 1,114,147 10 % USCI 1,141,342 11 % 971,363 8 % All Others 2,066,959 19 % 2,164,286 19 % Total $ 10,685,606 100 % $ 11,358,411 100 % As of December 31, 2022 As of June 30, 2022 Accounts Receivable Accounts Receivable Fund USO $ 848,805 48 % $ 1,101,495 49 % BNO 157,251 9 % 192,208 9 % UNG 240,449 14 % 249,638 11 % USCI 178,702 10 % 270,796 12 % All Others 342,013 19 % 416,737 19 % Total $ 1,767,220 100 % $ 2,230,874 100 % The Marygold Companies, through Gourmet Foods and its wholly owned subsidiary, Printstock Products Limited, has two 1 2 16 one Baking: three 1 2 3 no three December 31, 2022, three December 31, 2021. six December 31, 2022, six December 31, 2021. not December 31, 2022, June 30, 2022. December 31, 2022 June 30, 2022. In the gasoline convenience store market customer group, Gourmet Foods supplies two three six December 31, 2022 three six December 31, 2021, No December 31, 2022 June 30, 2022. second three six December 31, 2022, December 31, 2022 June 30, 2022, The third no three six December 31, 2022 December 31, 2021, December 31, 2022 June 30, 2022. Printing: one three six December 31, 2022, three six December 31, 2021, December 31, 2022 June 30, 2022, Consolidated: three December 31, 2022 three December 31, 2021. six December 31, 2022, three six December 31, 2021. nil% December 31, 2022 June 30, 2022. Gourmet Foods, including Printstock, is not one The Marygold Companies, through Brigadier, is partially dependent upon its contractual relationship with the alarm monitoring company who provides monitoring services to Brigadier’s customers. In the event this contract is terminated, Brigadier would be compelled to find an alternate source of alarm monitoring, or establish such a facility itself. Management believes that the contractual relationship is sustainable, and has been for many years, with alternate solutions available should the need arise. Sales to the largest customer, which includes contracts and recurring monthly support fees, totaled 42% and 47% of the total Brigadier revenues for the three six December 31, 2022, three six December 31, 2021, December 31, 2022 June 30, 2022. Brigadier purchases alarm panels, digital and analog cameras, mounting hardware and accessory items needed to complete security installations from a variety of sources. The manufacture of electronic items such as those sought by Brigadier has expanded to a global scale thus providing Brigadier with a broad choice of suppliers. Brigadier bases its vendor selection on several criteria including: price, availability, shipping costs, quality, suitability for purpose and the technical support of the manufacturer. Brigadier is not one The Marygold Companies, through Original Sprout, sells its products through 3 1 2 3 Original Sprout, has thousands of customers and, from time to time, certain customers become significant during specific reporting periods, but may not one three December 31, 2022 No three six December 31, 2022 2021. none December 31, 2022 11%, June 30, 2022. The Marygold Companies, through Original Sprout, is dependent upon its relationship with a product packaging company who, at the direction of Original Sprout, produces the products in accordance with proprietary formulas, packages them in appropriate containers, and delivers the finished goods to Original Sprout for distribution to its customers. All of Original Sprout’s products are currently produced by this packaging company, although if this relationship were to fail there are other similar packaging companies available to Original Sprout at competitive pricing. Because of the nature of the Original Sprout product ingredients, some of the ingredients may, 90 not not not The Marygold Companies, through Marygold & Co. (UK), had no three six December 31, 2022 June 30, 2022. |
Inventory, Policy [Policy Text Block] | Inventories Inventories, consisting primarily of: (i) food products, printing supplies, and packaging in New Zealand; (ii) hair and skin care finished products and components in the U.S.; and, (iii) security system hardware in Canada, are valued at the lower of cost or net realizable value. Inventories in Canada and New Zealand are maintained on the first first three six December 31, 2022 2021, |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment Property, plant and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and leasehold improvements are capitalized. Office furniture and equipment include office fixtures, computers, printers and other office equipment plus software and applicable packaging designs. Leasehold improvements, which are included in plant and equipment, are depreciated over the shorter of the useful life of the improvement and the length of the lease. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed using the straight-line method over the estimated useful life of the asset (see Note 5 Category Estimated Useful Life (in years) Building 39 Plant and equipment: 5 to 10 Furniture and office equipment 3 to 5 Vehicles 3 to 5 |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets Intangible assets consist of brand names, domain names, recipes, non-compete agreements and customer lists along with the internal use software in process for the business applications of Marygold to be launched in the coming fiscal year. Intangible assets with finite lives are amortized over the estimated useful life and are evaluated for impairment at least on an annual basis and whenever events or changes in circumstances indicate that the carrying value may not six December 31, 2022 June 30, 2022. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a business combination transaction. Goodwill is tested for impairment on an annual basis during the fourth may first not six December 31, 2022 June 30, 2022. |
Inventory, Cash Flow Policy [Policy Text Block] | Impairment of Long-Lived Assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not six December 31, 2022 June 30, 2022. |
Investments and Fair Value of Financial Instruments, Policy [Policy Text Block] | Investments and Fair Value of Financial Instruments Equity securities included in short-term investments are classified as available-for-sale securities and debt securities are classified as trading securities. The Company measures the investments at fair value at period end with any changes in fair value reflected as unrealized gains or (losses) which is included as part of other (expense) income. The Company values its investments in accordance with Accounting Standards Codification ("ASC") 820 820” 820 820 820 1 2 three 820 Level 1 Level 2 1 2 not Level 3 not In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. |
Warrants to Purchase Common Stock Policy [Policy Text Block] | Warrants to Purchase Common Stock The Company from time to time will issue warrant instruments to purchase common stock and accounts for warrant instruments as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the warrants and applicable authoritative guidance in ASC 480, 480" 815, 815" may December 31, 2022 June 30, 2022 |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation Stock-based compensation expense is measured based on grant date at fair value using the Black-Scholes option pricing model for stock options and the grant date closing stock price for restricted stock awards. The Company recognizes stock-based compensation expense related to stock options and restricted stock awards on a straight-line basis over the requisite service period of the awards, which is generally the vesting term of four five three six December 31, 2022, six December 31, 2022. ( 12 |
Revenue [Policy Text Block] | Revenue Recognition Revenue consists of fees earned through management of investment funds in the United States, fees earned in through the management of customer investments in the United Kingdom, sale of gourmet meat pies and printing of food wrappers in New Zealand, security alarm system installation and maintenance services in Canada, and sales of hair and skin care products internationally. Revenue is accounted for net of sales taxes, sales returns, and trade discounts. The performance obligation is satisfied when the product has been shipped and title, risk of loss and rewards of ownership have been transferred. For most of the Company’s product sales or services, these criteria are met at the time the product is shipped, the subscription period commences, or the management fees earned each month. For our Brigadier subsidiary in Canada, the Company operates under contract with an alarm monitoring company that pays a percentage of its recurring monitoring fee to Brigadier in exchange for continued customer service and support functions with respect to each customer maintained under contract by the monitoring company. The Company has no The Company generates revenue, in part, through contractual monthly recurring fees received for providing ongoing customer support services to monitoring company clientele. The five 1. Identifying the contract(s) with customers; 2. Identifying the performance obligations in the contract; 3. Determining the transaction price; 4. Allocating the transaction price to the performance obligations in the contract; and 5. Recognizing revenue when or as the performance obligation is satisfied. Transactions involve security systems that are sold outright to the customer where the Company's performance obligations include customer support services and the sale and installation of the security systems. For such arrangements, the Company allocates a portion of the transaction price to each performance obligation based on a relative stand-alone selling price. Revenue associated with the sale and installation of security systems is recognized once installation is complete, and is reflected as security system revenue in the Condensed Consolidated Statements of Income. Revenue associated with customer support services is recognized as those services are provided, and is included as a component of security system revenue in the Condensed Consolidated Statements of Income, which for the three six December 31, 2022, three six December 31, 2021, three six December 31, 2022 three six December 31, 2021, None Because the Company has no no no |
Income Tax, Policy [Policy Text Block] | Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not not not 50 |
Advertising Cost [Policy Text Block] | Advertising Costs The Company expenses the cost of advertising as incurred. Marketing and advertising costs for the three December 31, 2022 December 31, 2021 six December 31, 2022 December 31, 2021 |
Comprehensive Income, Policy [Policy Text Block] | Other Comprehensive Income (Loss) Foreign Currency Translation We record foreign currency translation adjustments and transaction gains and losses in accordance with ASC 830, Foreign Currency Matters |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting The Company defines operating segments as components for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The Company allocates its resources and assesses the performance of its sales activities based on these segments (Refer to Note 16 |
Business Combinations Policy [Policy Text Block] | Business Combinations We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not may one may six December 31, 2022 June 30, 2022 no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In June 2016, 2016 13, 326 Measurement of Credit Losses on Financial Instruments 2018 19, 2019 04, 2019 05, 2019 10, 2019 11, December 15, 2022 ( 2019 10 In August 2020, No. 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 Contracts in Entity s Own Equity (Subtopic 815 40 470 20 may December 15, 2023, December 15, 2020, not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | For the Three Months Ended For the Three Months Ended December 31, 2022 December 31, 2021 Revenue Revenue Fund USO $ 2,461,185 47 % $ 2,975,211 52 % BNO 474,848 9 % 470,879 8 % UNG 749,880 14 % 686,360 12 % USCI 543,957 10 % 495,779 9 % All Others 1,036,301 20 % 1,073,155 19 % Total $ 5,266,171 100 % $ 5,701,384 100 % For the Six Months Ended For the Six Months Ended December 31, 2022 December 31, 2021 Revenue Fund USO $ 5,025,430 47 % $ 6,117,818 54 % BNO 894,055 8 % 990,797 9 % UNG 1,557,820 15 % 1,114,147 10 % USCI 1,141,342 11 % 971,363 8 % All Others 2,066,959 19 % 2,164,286 19 % Total $ 10,685,606 100 % $ 11,358,411 100 % As of December 31, 2022 As of June 30, 2022 Accounts Receivable Accounts Receivable Fund USO $ 848,805 48 % $ 1,101,495 49 % BNO 157,251 9 % 192,208 9 % UNG 240,449 14 % 249,638 11 % USCI 178,702 10 % 270,796 12 % All Others 342,013 19 % 416,737 19 % Total $ 1,767,220 100 % $ 2,230,874 100 % |
Property, Plant and Equipment, Estimated Useful Life [Table Text Block] | Category Estimated Useful Life (in years) Building 39 Plant and equipment: 5 to 10 Furniture and office equipment 3 to 5 Vehicles 3 to 5 |
Note 3 - Basic and Diluted Ne_2
Note 3 - Basic and Diluted Net Income (Loss) Per Share (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended December 31, 2022 Net Income Shares Per Share Basic net income per share: Net income available to common shareholders $ 177,349 39,383,459 $ 0.00 Net income available to preferred shareholders 4,445 987,200 $ 0.00 Basic net income per share $ 181,794 40,370,659 $ 0.00 For the Three Months Ended December 31, 2021 Net Income Shares Per Share Basic net income per share: Net income available to common shareholders $ 996,012 37,445,919 $ 0.03 Net income available to preferred shareholders 27,323 1,027,240 $ 0.03 Basic and diluted income per share $ 1,023,335 38,473,159 $ 0.03 For the Six Months Ended December 31, 2022 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 662,145 39,383,459 $ 0.02 Impact of dilutive securities 219 13,063 $ 0.02 Net income available to common shareholders, diluted 662,364 39,396,522 $ 0.02 Net income available to preferred shareholders 16,598 987,200 $ 0.02 Diluted income per share $ 678,962 40,383,722 $ 0.02 For the Six Months Ended December 31, 2021 Net (Loss) Shares Per Share Basic loss per share: Net loss available to common shareholders $ (835,651 ) 37,485,959 $ (0.02 ) Net loss available to preferred shareholders (22,007 ) 987,200 $ (0.02 ) Diluted loss per share $ (857,658 ) 38,473,159 $ (0.02 ) |
Note 4 - Inventories (Tables)
Note 4 - Inventories (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | December 31, June 30, 2022 2022 Raw materials $ 1,526,234 $ 1,273,581 Supplies and packing materials 196,930 195,207 Finished goods 860,771 731,954 Total inventories $ 2,583,935 $ 2,200,742 |
Note 5 - Property, Plant and _2
Note 5 - Property, Plant and Equipment (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, June 30, 2022 2022 Plant and equipment $ 1,945,332 $ 1,905,921 Furniture and office equipment 277,493 254,616 Land and building 562,302 590,662 Vehicles 356,375 363,295 Solar energy system 140,393 138,030 Total property, plant and equipment, gross 3,281,895 3,252,524 Accumulated depreciation (1,975,220 ) (1,860,630 ) Total property, plant and equipment, net $ 1,306,675 $ 1,391,894 |
Note 6 - Intangible Assets (Tab
Note 6 - Intangible Assets (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] | December 31, June 30, 2022 2022 Customer relationships $ 1,364,318 $ 1,363,935 Brand name 1,297,789 1,297,789 Domain name 36,913 36,913 Recipes 1,221,601 1,221,601 Non-compete agreement 274,982 274,982 Internally developed software 217,990 217,990 Total 4,413,593 4,413,210 Less : accumulated amortization (1,904,495 ) (1,704,314 ) Net intangibles $ 2,509,098 $ 2,708,896 December 31, June 30, 2022 2022 Customer relationships $ 1,364,318 1,363,935 Less: accumulated amortization (545,146 ) (458,550 ) Total customer relationships, net $ 819,172 905,385 December 31, June 30, 2022 2022 Brand name $ 1,297,789 $ 1,297,789 Less: accumulated amortization (270,102 ) (249,831 ) Total brand name, net $ 1,027,687 $ 1,047,958 December 31, June 30, 2022 2022 Domain name $ 36,913 $ 36,913 Less: accumulated amortization (36,913 ) (36,913 ) Total brand name, net $ - $ - December 31, June 30, 2022 2022 Recipes and formulas $ 1,221,601 $ 1,221,601 Less: accumulated amortization (777,352 ) (701,736 ) Total recipes and formulas, net $ 444,249 $ 519,865 December 31, June 30, 2022 2022 Non-compete agreement $ 274,982 $ 274,982 Less: accumulated amortization (274,982 ) (257,284 ) Total non-compete agreement, net $ - $ 17,698 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Years Ending June 30, Expense 2023 $ 179,128 2024 361,226 2025 345,962 2026 234,194 2027 92,417 Thereafter 1,296,171 Total $ 2,509,098 |
Note 7 - Other Assets (Tables)
Note 7 - Other Assets (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Other Assets [Table Text Block] | As of December 31, 2022 As of June 30, 2022 Prepaid expenses $ 705,809 $ 630,285 Other current assets 30,025 69,262 Total $ 735,834 $ 699,547 |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | December 31, 2022 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Money market funds $ 1,062,336 $ - $ - $ 1,062,336 Other short-term investments 536,599 - (1,702 ) 534,897 Short-term treasury bills 1,473,339 6,721 - 1,480,060 Other equities 1,246,926 22,779 - 1,269,705 Total short-term investments $ 4,319,200 $ 29,500 $ (1,702 ) $ 4,346,998 June 30, 2022 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Money market funds $ 1,051,017 $ - $ - $ 1,051,017 Other short term investments 271,346 - (1,919 ) 269,427 Short-term treasury bills 2,470,020 - (4,156 ) 2,465,864 Other equities 1,246,926 32,697 - 1,279,623 Total short-term investments $ 5,039,309 $ 32,697 $ (6,075 ) $ 5,065,931 |
Note 8 - Goodwill (Tables)
Note 8 - Goodwill (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | December 31, June 30, 2022 2022 Goodwill – Original Sprout $ 416,817 $ 416,817 Goodwill – Gourmet Foods 275,311 275,311 Goodwill – Brigadier 351,345 351,345 Goodwill - Marygold & Co. (UK) 1,263,729 1,263,729 Total $ 2,307,202 $ 2,307,202 |
Note 9 - Accounts Payable and_2
Note 9 - Accounts Payable and Accrued Expenses (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | December 31, June 30, 2022 2022 Accounts payable $ 1,387,943 $ 2,001,978 Taxes payable 273,282 196,473 Accrued payroll, vacation and bonus payable 405,561 331,644 Accrued operating expenses 653,564 275,695 Total $ 2,720,350 $ 2,805,790 |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | Restricted Stock Outstanding as of December 31, 2022 Number of Shares Weighted Average Grant Date Fair Value Balance as of June 30, 2022 - $ - Granted – restricted stock awards 277,037 $ 1.35 Vested and converted to shares - $ - Canceled - $ - Balance as of December 31, 2022 277,037 $ 1.35 Expected to vest 277,037 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Options Outstanding as of December 31, 2022 Outstanding Stock Options Weighted Average Exercise Price Balance as of June 30, 2022 - $ - Granted – options 50,000 $ 1.45 Vested - $ - Exercised - $ - Balance as of December 31, 2022 50,000 $ 1.45 Exercisable as of December 31, 2022 - $ - |
Share-Based Payment Arrangement, Nonvested Award, Cost [Table Text Block] | Fiscal Period Remaining six months of fiscal 2023 $ 26,713 Fiscal 2024 87,691 Fiscal 2025 123,640 Fiscal 2026 159,718 Fiscal 2027 31,634 Total stock-based compensation $ 429,396 |
Note 13 - Business Combinatio_2
Note 13 - Business Combinations (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Item Amount Cash in bank $ 1,159,020 Prepayments/deposits 17,962 Plant, property and equipment 2,922 Intangible assets 684,768 Goodwill 1,263,729 Tax liability (86,277 ) Deferred tax liability (113,833 ) Accounts payable and accrued expenses (15,127 ) Total Purchase Price $ 2,913,164 |
Business Acquisition, Pro Forma Information [Table Text Block] | Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Six Months Ended December 31, 2022 Six Months Ended December 31, 2021 Actual Pro Forma Actual Pro Forma Net revenues $ 9,445,116 $ 9,773,680 $ 19,173,990 $ 19,502,554 Net (loss) $ 1,023,335 $ 1,079,629 $ (857,658 ) $ (667,833 ) Basic earnings per share $ 0.03 $ 0.03 $ (0.02 ) $ (0.02 ) Diluted earnings per share $ 0.03 $ 0.03 $ (0.02 ) $ (0.02 ) |
Note 15 - Commitments and Con_2
Note 15 - Commitments and Contingencies (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Lessee, Lease Liability, Maturity [Table Text Block] | Year Ended June 30, Lease Amount Finance Lease 2023 $ 381,128 $ 13,439 2024 480,984 17,919 2025 188,566 17,919 2026 175,336 17,919 2027 58,445 17,919 Thereafter - 93,037 Total minimum lease payments 1,284,459 178,152 Less: present value discount (32,785 ) (52,183 ) Total operating lease liabilities $ 1,251,674 $ 125,969 |
Note 16 - Segment Reporting (Ta
Note 16 - Segment Reporting (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | December 31, June 30, 2022 2022 Identifiable assets: Corporate headquarters - including Marygold $ 4,749,242 $ 7,243,332 U.S.A. : investment fund management - related party 18,252,373 18,006,771 U.S.A. : beauty products 3,415,095 3,484,315 New Zealand: food industry 4,301,939 3,983,381 Canada: security systems 2,584,933 2,592,778 U.K.: financial services (1) 1,913,265 - Consolidated total $ 35,216,847 $ 35,310,577 As of December 31, 2022 As of June 30, 2022 Asset Location U.S.A.: investment fund management $ - $ - U.S.A. : beauty products 62,456 60,678 New Zealand: food industry 2,281,728 2,235,896 Canada: security systems 876,177 916,054 U.K.: financial services 21,192 19,467 U.S.A. : corporate headquarters - including Marygold 40,342 20,429 Total All Locations 3,281,895 3,252,524 Less accumulated depreciation (1,975,220 ) (1,860,630 ) Net property, plant and equipment $ 1,306,675 $ 1,391,894 |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Three Months Ended Three Months Ended December 31, 2022 December 31, 2021 Revenues from external customers: U.S.A. : investment fund management - related party $ 5,266,171 $ 5,701,384 U.S.A. : beauty products 784,463 992,852 New Zealand : food industry 1,932,304 2,108,257 Canada : security systems 665,028 642,623 U.K.: financial services 124,282 - Consolidated total $ 8,772,248 $ 9,445,116 Net income (loss): U.S.A. : investment fund management - related party $ 1,781,779 $ 1,985,141 U.S.A. : beauty products (41,345 ) (12,718 ) New Zealand : food industry 17,524 136,465 Canada : security systems 73,284 62,547 U.K.: financial services 12,900 - Corporate headquarters - including Marygold (1,662,348 ) (1,148,100 ) Consolidated total $ 181,794 $ 1,023,335 Six Months Ended Six Months Ended December 31, 2022 December 31, 2021 Revenues from external customers: U.S.A. : investment fund management - related party $ 10,685,606 $ 11,358,411 U.S.A. : beauty products 1,588,541 2,013,924 New Zealand : food industry 3,869,752 4,468,402 Canada : security systems 1,294,860 1,333,253 U.K.: financial services 257,775 - Consolidated total $ 17,696,534 $ 19,173,990 Net income (loss): U.S.A. : investment fund management - related party 3,567,038 1,617,234 U.S.A. : beauty products (61,102 ) (8,196 ) New Zealand : food industry 218,078 289,667 Canada : security systems 180,408 140,954 U.K.: financial services 23,056 - Corporate headquarters - including Marygold (3,248,516 ) (2,897,317 ) Consolidated total $ 678,962 $ (857,658 ) Three Months Ended Three Months Ended December 31, 2022 December 31, 2021 Capital expenditures: U.S.A.: investment fund management $ - $ - U.S.A. : beauty products 650 428 New Zealand: food industry 1,348 - Canada: security systems 3,442 - U.K.: financial services - - U.S.A. : corporate headquarters - including Marygold 19,913 - Consolidated $ 25,353 $ 428 Six Months Ended Six Months Ended December 31, 2022 December 31, 2021 Capital expenditures, net of disposals: U.S.A.: fund management $ - $ - U.S.A.: beauty products 1,778 948 New Zealand: food industry 7,202 3,040 Canada: security systems 4,140 - U.K.: financial services 1,744 - U.S.A.: corporate headquarters - including Marygold 19,913 - Consolidated $ 34,777 $ 3,988 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 234 | $ 234 | $ 4,350 | ||
Allowance for Doubtful Accounts Receivable, Related Parties | 0 | 0 | 0 | ||
Inventory Write-down | 288 | $ 3,478 | |||
Impairment of Intangible Assets, Finite-Lived | 0 | 0 | |||
Goodwill, Impairment Loss | 0 | $ 0 | 0 | 0 | |
Impairment, Long-Lived Asset, Held-for-Use, Total | 0 | $ 0 | |||
Advertising Expense | 600,000 | 700,000 | 1,300,000 | 1,400,000 | |
Security Alarm Monitoring Customer Support Services [Member] | |||||
Revenue from Contract with Customer, Including Assessed Tax | $ 86,786 | $ 219,904 | $ 169,854 | $ 407,629 | |
Percentage of Total Revenue from Services Under Contract Recognized As Provided | 13% | 34% | 13% | 30% | |
Percentage of Consolidated Revenue from Services Under Contract, Recognized As Provided | 1% | 2% | 2% | ||
Gourmet Foods [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Number of Major Customers | 3 | ||||
Gourmet Foods [Member] | Major Customer 1 [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 35% | 32% | 35% | 32% | |
Gourmet Foods [Member] | Major Customer 1 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 18% | 7% | |||
Gourmet Foods [Member] | Major Customer 1 [Member] | Grocery Industry [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 13% | 20% | 15% | 23% | |
Gourmet Foods [Member] | Major Customer 1 [Member] | Grocery Industry [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 25% | ||||
Gourmet Foods [Member] | Major Customer 1 [Member] | Gasoline Convenience Store Sector [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 56% | 52% | 55% | 49% | |
Gourmet Foods [Member] | Major Customer 1 [Member] | Gasoline Convenience Store Sector [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 46% | 21% | |||
Gourmet Foods [Member] | Major Customer 1 [Member] | Printing Industry [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 52% | 36% | 50% | 38% | |
Gourmet Foods [Member] | Major Customer 1 [Member] | Printing Industry [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 40% | ||||
Gourmet Foods [Member] | Major Customer 2 [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 21% | 15% | 21% | 15% | |
Gourmet Foods [Member] | Major Customer 2 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 25% | 26% | |||
Gourmet Foods [Member] | Major Customer 2 [Member] | Grocery Industry [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 10% | 26% | |||
Gourmet Foods [Member] | Major Customer 2 [Member] | Gasoline Convenience Store Sector [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 10% | 7% | |||
Gourmet Foods [Member] | Major Customer 2 [Member] | Gasoline Convenience Store Sector [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 28% | 23% | |||
Gourmet Foods [Member] | Major Customer 3 [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 8% | 12% | 9% | 15% | |
Gourmet Foods [Member] | Major Customer 3 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 0% | 8% | |||
Brigadier [Member] | Major Customer 1 [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 42% | 49% | 47% | 51% | |
Brigadier [Member] | Major Customer 1 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 23% | 31% | |||
The Original Sprout LLC [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Number of Major Customers | 6 | ||||
The Original Sprout LLC [Member] | Major Customer 1 [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 10% | ||||
The Original Sprout LLC [Member] | Major Customer 1 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 30% | 12% | |||
The Original Sprout LLC [Member] | Major Customer 2 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 19% | ||||
The Original Sprout LLC [Member] | Major Customer 3 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 15% | ||||
The Original Sprout LLC [Member] | Major Customer 4 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 15% | 13% | |||
The Original Sprout LLC [Member] | Major Customer 5 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 15% | 15% | |||
The Original Sprout LLC [Member] | Major Customer 6 [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Concentration Risk, Percentage | 9% | 16% |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Concentration Risk (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Revenue, related parties | $ 5,266,171 | $ 5,701,384 | $ 10,685,606 | $ 11,358,411 | |
Fund management - related party | 5,266,171 | 5,701,384 | 10,685,606 | 11,358,411 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wainwright [Member] | |||||
Revenue, related parties | $ 5,266,171 | $ 5,701,384 | $ 10,685,606 | $ 11,358,411 | |
Concentration risk percentage | 100% | 100% | 100% | 100% | |
Fund management - related party | $ 5,266,171 | $ 5,701,384 | $ 10,685,606 | $ 11,358,411 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wainwright [Member] | Customers Related to the USO Fund [Member] | |||||
Revenue, related parties | $ 2,461,185 | $ 2,975,211 | $ 5,025,430 | $ 6,117,818 | |
Concentration risk percentage | 47% | 52% | 47% | 54% | |
Fund management - related party | $ 2,461,185 | $ 2,975,211 | $ 5,025,430 | $ 6,117,818 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wainwright [Member] | Customers Related to the BNO Fund [Member] | |||||
Revenue, related parties | $ 474,848 | $ 470,879 | $ 894,055 | $ 990,797 | |
Concentration risk percentage | 9% | 8% | 8% | 9% | |
Fund management - related party | $ 474,848 | $ 470,879 | $ 894,055 | $ 990,797 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wainwright [Member] | Customers Related to the UNG Fund [Member] | |||||
Revenue, related parties | $ 749,880 | $ 686,360 | $ 1,557,820 | $ 1,114,147 | |
Concentration risk percentage | 14% | 12% | 15% | 10% | |
Fund management - related party | $ 749,880 | $ 686,360 | $ 1,557,820 | $ 1,114,147 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wainwright [Member] | Customers Related to the USCI Fund [Member] | |||||
Revenue, related parties | $ 543,957 | $ 495,779 | $ 1,141,342 | $ 971,363 | |
Concentration risk percentage | 10% | 9% | 11% | 8% | |
Fund management - related party | $ 543,957 | $ 495,779 | $ 1,141,342 | $ 971,363 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wainwright [Member] | All Other Customers [Member] | |||||
Revenue, related parties | $ 1,036,301 | $ 1,073,155 | $ 2,066,959 | $ 2,164,286 | |
Concentration risk percentage | 20% | 19% | 19% | 19% | |
Fund management - related party | $ 1,036,301 | $ 1,073,155 | $ 2,066,959 | $ 2,164,286 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wainwright [Member] | |||||
Concentration risk percentage | 100% | 100% | |||
Accounts Receivable, Related Parties | 1,767,220 | $ 1,767,220 | $ 2,230,874 | ||
Accounts Receivable, Related Parties | 1,767,220 | $ 1,767,220 | $ 2,230,874 | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wainwright [Member] | Customers Related to the USO Fund [Member] | |||||
Concentration risk percentage | 48% | 49% | |||
Accounts Receivable, Related Parties | 848,805 | $ 848,805 | $ 1,101,495 | ||
Accounts Receivable, Related Parties | 848,805 | $ 848,805 | $ 1,101,495 | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wainwright [Member] | Customers Related to the BNO Fund [Member] | |||||
Concentration risk percentage | 9% | 9% | |||
Accounts Receivable, Related Parties | 157,251 | $ 157,251 | $ 192,208 | ||
Accounts Receivable, Related Parties | 157,251 | $ 157,251 | $ 192,208 | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wainwright [Member] | Customers Related to the UNG Fund [Member] | |||||
Concentration risk percentage | 14% | 11% | |||
Accounts Receivable, Related Parties | 240,449 | $ 240,449 | $ 249,638 | ||
Accounts Receivable, Related Parties | 240,449 | $ 240,449 | $ 249,638 | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wainwright [Member] | Customers Related to the USCI Fund [Member] | |||||
Concentration risk percentage | 10% | 12% | |||
Accounts Receivable, Related Parties | 178,702 | $ 178,702 | $ 270,796 | ||
Accounts Receivable, Related Parties | 178,702 | $ 178,702 | $ 270,796 | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wainwright [Member] | All Other Customers [Member] | |||||
Concentration risk percentage | 19% | 19% | |||
Accounts Receivable, Related Parties | 342,013 | $ 342,013 | $ 416,737 | ||
Accounts Receivable, Related Parties | $ 342,013 | $ 342,013 | $ 416,737 |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Useful Life of Property, Plant, and Equipment (Details) | 6 Months Ended |
Dec. 31, 2022 | |
Building [Member] | |
Property, plant, and equipment, useful life (Year) | 39 years |
Machinery and Equipment [Member] | Minimum [Member] | |
Property, plant, and equipment, useful life (Year) | 5 years |
Machinery and Equipment [Member] | Maximum [Member] | |
Property, plant, and equipment, useful life (Year) | 10 years |
Furniture and Fixtures [Member] | Minimum [Member] | |
Property, plant, and equipment, useful life (Year) | 3 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Property, plant, and equipment, useful life (Year) | 5 years |
Vehicles [Member] | Minimum [Member] | |
Property, plant, and equipment, useful life (Year) | 3 years |
Vehicles [Member] | Maximum [Member] | |
Property, plant, and equipment, useful life (Year) | 5 years |
Note 3 - Basic and Diluted Ne_3
Note 3 - Basic and Diluted Net Income (Loss) Per Share (Details Textual) | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2022 shares | Dec. 31, 2021 shares | Dec. 31, 2022 shares | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 50,000 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 327,037 | 0 | |
Restricted Stock [Member] | |||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 0 | 13,063 | |
The 2021 Omnibus Equity Incentive Plan [Member] | |||
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total (in shares) | 277,037 | ||
The 2021 Omnibus Equity Incentive Plan [Member] | Reverse Stock Split [Member] | Minimum [Member] | |||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 1.5 | ||
The 2021 Omnibus Equity Incentive Plan [Member] | Reverse Stock Split [Member] | Maximum [Member] | |||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 2.75 | ||
The 2021 Omnibus Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Employee [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 50,000 |
Note 3 - Basic and Diluted Ne_4
Note 3 - Basic and Diluted Net Income (Loss) Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net income available to common shareholders | $ 177,349 | $ 996,012 | $ 662,145 | $ (835,651) |
Net income available to common shareholders (in shares) | 39,383,459 | 37,445,919 | 39,383,459 | 37,485,959 |
Basic and diluted (in dollars per share) | $ 0 | $ 0.03 | $ 0.02 | $ (0.02) |
Net income available to preferred shareholders | $ 4,445 | $ 27,323 | $ 16,598 | $ (22,007) |
Net income available to preferred shareholders (in shares) | 987,200 | 1,027,240 | 987,200 | 987,200 |
Net income available to preferred shareholders (in dollars per share) | $ 0 | $ 0.03 | $ 0.02 | $ (0.02) |
Basic net income per share | $ 181,794 | $ 1,023,335 | $ 678,962 | $ (857,658) |
Basic net income per share (in shares) | 40,370,659 | 38,473,159 | 39,396,522 | 38,473,159 |
Basic net income per share (in dollars per share) | $ 0 | $ 0.03 | $ 0.02 | $ (0.02) |
Impact of dilutive securities | $ 219 | |||
Impact of dilutive securities (in shares) | 13,063 | |||
Impact of dilutive securities (in dollars per share) | $ 0.02 | |||
Net income available to common shareholders, diluted | $ 662,364 | |||
Net income available to preferred shareholders | $ 4,445 | $ 27,323 | $ 16,598 | $ (22,007) |
Net income available to preferred shareholders (in shares) | 987,200 | 1,027,240 | 987,200 | 987,200 |
Net income available to preferred shareholders (in dollars per share) | $ 0 | $ 0.03 | $ 0.02 | $ (0.02) |
Diluted income per share | $ 181,794 | $ 1,023,335 | $ 678,962 | $ (857,658) |
Diluted (in shares) | 40,370,659 | 38,473,159 | 40,383,722 | 38,473,159 |
Diluted income per share (in dollars per share) | $ 0.02 |
Note 4 - Inventories - Inventor
Note 4 - Inventories - Inventory Summary (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | |
Raw materials | $ 1,526,234 | $ 1,273,581 | |
Supplies and packing materials | 196,930 | 195,207 | |
Finished goods | 860,771 | 731,954 | |
Total inventories | $ 2,583,935 | $ 2,200,742 | [1] |
[1]Derived from audited financial statements |
Note 5 - Property, Plant and _3
Note 5 - Property, Plant and Equipment (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Depreciation, Total | $ 48,970 | $ 56,514 | $ 97,557 | $ 128,864 |
Note 5 - Property, Plant and _4
Note 5 - Property, Plant and Equipment - Property and Equipment Summary (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | |
Solar energy system | $ 140,393 | $ 138,030 | |
Total property, plant and equipment, gross | 3,281,895 | 3,252,524 | |
Accumulated depreciation | (1,975,220) | (1,860,630) | |
Total property, plant and equipment, net | 1,306,675 | 1,391,894 | [1] |
Plant and Equipment [Member] | |||
Plant and equipment, gross | 1,945,332 | 1,905,921 | |
Furniture and Fixtures [Member] | |||
Plant and equipment, gross | 277,493 | 254,616 | |
Land and Building [Member] | |||
Plant and equipment, gross | 562,302 | 590,662 | |
Vehicles [Member] | |||
Plant and equipment, gross | $ 356,375 | $ 363,295 | |
[1]Derived from audited financial statements |
Note 6 - Intangible Assets (Det
Note 6 - Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||||
Jun. 20, 2022 | Jul. 01, 2020 | Dec. 18, 2017 | Jun. 02, 2016 | Aug. 11, 2015 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Finite-Lived Intangible Assets, Gross, Total | $ 4,413,593 | $ 4,413,593 | $ 4,413,210 | |||||||
Amortization of Intangible Assets | 99,170 | $ 76,677 | 199,798 | $ 158,985 | ||||||
Customer Relationships [Member] | ||||||||||
Finite-Lived Intangible Assets, Gross, Total | 1,364,318 | 1,364,318 | 1,363,935 | |||||||
Brand Name [Member] | ||||||||||
Finite-Lived Intangible Assets, Gross, Total | 1,297,789 | 1,297,789 | 1,297,789 | |||||||
Domain Name [Member] | ||||||||||
Finite-Lived Intangible Assets, Gross, Total | 36,913 | 36,913 | 36,913 | |||||||
Recipes [Member] | ||||||||||
Finite-Lived Intangible Assets, Gross, Total | 1,221,601 | 1,221,601 | 1,221,601 | |||||||
Noncompete Agreements [Member] | ||||||||||
Finite-Lived Intangible Assets, Gross, Total | 274,982 | 274,982 | 274,982 | |||||||
Marygold Properties [Member] | ||||||||||
Finite-Lived Intangible Assets, Gross, Total | $ 217,990 | 217,990 | $ 217,990 | |||||||
Amortization of Intangible Assets | $ 0 | |||||||||
Gourmet Foods Acquisition [Member] | Customer Relationships [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 66,153 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 10 years | |||||||||
Gourmet Foods Acquisition [Member] | Brand Name [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 61,429 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 10 years | |||||||||
Gourmet Foods Acquisition [Member] | Domain Name [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 21,601 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 5 years | |||||||||
Gourmet Foods Acquisition [Member] | Recipes [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 1,221,601 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 5 years | |||||||||
Brigadier Security Systems Acquisition [Member] | Customer Relationships [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 434,099 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 10 years | |||||||||
Brigadier Security Systems Acquisition [Member] | Brand Name [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 340,694 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 10 years | |||||||||
Brigadier Security Systems Acquisition [Member] | Domain Name [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 15,312 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 5 years | |||||||||
Brigadier Security Systems Acquisition [Member] | Noncompete Agreements [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 84,982 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 5 years | |||||||||
The Original Sprout LLC [Member] | Customer Relationships [Member] | Kahnalytics [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 200,000 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 7 years | |||||||||
The Original Sprout LLC [Member] | Brand Name [Member] | Kahnalytics [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 740,000 | |||||||||
The Original Sprout LLC [Member] | Recipes [Member] | Kahnalytics [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 1,200,000 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 8 years | |||||||||
The Original Sprout LLC [Member] | Noncompete Agreements [Member] | Kahnalytics [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 190,000 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 5 years | |||||||||
Printstock Products Ltd. [Member] | Customer Relationships [Member] | Gourmet Foods [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 77,123 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 9 years | |||||||||
Printstock Products Ltd. [Member] | Brand Name [Member] | Gourmet Foods [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 57,842 | |||||||||
Tiger Financial and Asset Management Limited [Member] | Marygold & Co. (UK) Limited [Member] | Trade Names [Member] | ||||||||||
Indefinite-Lived Intangible Assets Acquired | $ 24,456 | |||||||||
Tiger Financial and Asset Management Limited [Member] | Marygold & Co. (UK) Limited [Member] | Regulatory Business Certification [Member] | ||||||||||
Indefinite-Lived Intangible Assets Acquired | 73,368 | |||||||||
Tiger Financial and Asset Management Limited [Member] | Marygold & Co. (UK) Limited [Member] | Trade Name and Regulatory Business Certification [Member] | ||||||||||
Indefinite-Lived Intangible Assets Acquired | 97,824 | |||||||||
Tiger Financial and Asset Management Limited [Member] | Customer Relationships [Member] | Marygold & Co. (UK) Limited [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 587,328 | |||||||||
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 7 years |
Note 6 - Intangible Assets - Su
Note 6 - Intangible Assets - Summary of Finite-lived Intangible Assets (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Finite-lived intangible assets, gross | $ 4,413,593 | $ 4,413,210 |
Less : accumulated amortization | (1,904,495) | (1,704,314) |
Total | 2,509,098 | 2,708,896 |
Finite-Lived Intangible Assets, Gross, Total | 4,413,593 | 4,413,210 |
Customer Relationships [Member] | ||
Finite-lived intangible assets, gross | 1,364,318 | 1,363,935 |
Less : accumulated amortization | (545,146) | (458,550) |
Total | 819,172 | 905,385 |
Finite-Lived Intangible Assets, Gross, Total | 1,364,318 | 1,363,935 |
Brand Name [Member] | ||
Finite-lived intangible assets, gross | 1,297,789 | 1,297,789 |
Less : accumulated amortization | (270,102) | (249,831) |
Total | 1,027,687 | 1,047,958 |
Finite-Lived Intangible Assets, Gross, Total | 1,297,789 | 1,297,789 |
Domain Name [Member] | ||
Finite-lived intangible assets, gross | 36,913 | 36,913 |
Less : accumulated amortization | (36,913) | (36,913) |
Total | 0 | 0 |
Finite-Lived Intangible Assets, Gross, Total | 36,913 | 36,913 |
Recipes [Member] | ||
Finite-lived intangible assets, gross | 1,221,601 | 1,221,601 |
Less : accumulated amortization | (777,352) | (701,736) |
Total | 444,249 | 519,865 |
Finite-Lived Intangible Assets, Gross, Total | 1,221,601 | 1,221,601 |
Noncompete Agreements [Member] | ||
Finite-lived intangible assets, gross | 274,982 | 274,982 |
Less : accumulated amortization | (274,982) | (257,284) |
Total | 0 | 17,698 |
Finite-Lived Intangible Assets, Gross, Total | 274,982 | 274,982 |
Marygold Properties [Member] | ||
Finite-lived intangible assets, gross | 217,990 | 217,990 |
Finite-Lived Intangible Assets, Gross, Total | $ 217,990 | $ 217,990 |
Note 6 - Intangible Assets - Sc
Note 6 - Intangible Assets - Schedule of Amortization (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
2023 | $ 179,128 | |
2024 | 361,226 | |
2025 | 345,962 | |
2026 | 234,194 | |
2027 | 92,417 | |
Thereafter | 1,296,171 | |
Total | $ 2,509,098 | $ 2,708,896 |
Note 7 - Other Assets (Details
Note 7 - Other Assets (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 NZD ($) | Dec. 31, 2022 GBP (£) | Jun. 30, 2022 NZD ($) | ||
Other Assets, Current | $ 735,834 | $ 735,834 | $ 699,547 | [1] | |||||
Unrealized Gain (Loss) on Investments | 11,020 | $ 29,251 | |||||||
Marketable Securities, Total | 4,300,000 | 4,300,000 | 5,100,000 | ||||||
Other Assets, Noncurrent | 552,660 | 552,660 | 540,160 | [1] | |||||
Equity Securities without Readily Determinable Fair Value, Amount | $ 500,000 | $ 500,000 | $ 500,000 | ||||||
Equity Securities without Readily Determinable Fair Value, Ownership Percentage | 10% | 10% | 10% | 10% | 10% | 10% | |||
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | $ 0 | $ 0 | |||||||
Deposit Assets, Total | 52,660 | $ 52,660 | 40,160 | ||||||
Gourmet Foods [Member] | |||||||||
Restricted Cash and Cash Equivalents, Total | 12,700 | 12,700 | 12,486 | $ 20,000 | $ 20,000 | ||||
Marygold & Co. (UK) Limited [Member] | |||||||||
Restricted Cash and Cash Equivalents, Total | 393,941 | 393,941 | £ 325,576 | ||||||
USCF Gold Strategy Plus Income Fund [Member] | USCF and USCF Advisers [Member] | |||||||||
Investments, Total | 1,300,000 | 1,300,000 | 1,300,000 | ||||||
Exchange Traded Funds [Member] | USCF Gold Strategy Plus Income Fund [Member] | USCF and USCF Advisers [Member] | |||||||||
Investments, Total | 1,300,000 | 1,300,000 | $ 1.3 | ||||||
Unrealized Gain (Loss) on Investments | $ 108,000 | $ 0 | $ (10,000) | $ 0 | |||||
[1]Derived from audited financial statements |
Note 7 - Other Assets - Compone
Note 7 - Other Assets - Components of Other Current Assets (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | |
Prepaid expenses | $ 705,809 | $ 630,285 | |
Other current assets | 30,025 | 69,262 | |
Total | $ 735,834 | $ 699,547 | [1] |
[1]Derived from audited financial statements |
Note 7 - Other Assets - Investm
Note 7 - Other Assets - Investments (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Investments, cost | $ 4,319,200 | $ 5,039,309 |
Investments, gross unrealized gains | 29,500 | 32,697 |
Investments, gross unrealized losses | (1,702) | (6,075) |
Investments | 4,346,998 | 5,065,931 |
Short-term treasury bills | 4,346,998 | 5,065,931 |
Money Market Funds [Member] | ||
Investments, cost | 1,062,336 | 1,051,017 |
Investments, gross unrealized gains | 0 | 0 |
Investments, gross unrealized losses | 0 | 0 |
Investments | 1,062,336 | 1,051,017 |
Short-term treasury bills | 1,062,336 | 1,051,017 |
Other Short Term Investments [Member] | ||
Investments, cost | 536,599 | 271,346 |
Investments, gross unrealized gains | 0 | 0 |
Investments, gross unrealized losses | (1,702) | (1,919) |
Investments | 534,897 | 269,427 |
Short-term treasury bills | 534,897 | 269,427 |
US Treasury and Government Short-Term Debt Securities [Member] | ||
Investments, cost | 1,473,339 | 2,470,020 |
Investments, gross unrealized gains | 6,721 | 0 |
Investments, gross unrealized losses | 0 | (4,156) |
Investments | 1,480,060 | 2,465,864 |
Short-term treasury bills | 1,480,060 | 2,465,864 |
Other Equities [Member] | ||
Investments, cost | 1,246,926 | 1,246,926 |
Investments, gross unrealized gains | 22,779 | 32,697 |
Investments, gross unrealized losses | 0 | 0 |
Investments | 1,269,705 | 1,279,623 |
Short-term treasury bills | $ 1,269,705 | $ 1,279,623 |
Note 8 - Goodwill (Details Text
Note 8 - Goodwill (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Jun. 30, 2022 | |
Goodwill, Impairment Loss | $ 0 | $ 0 | $ 0 | $ 0 |
Note 8 - Goodwill - Summary of
Note 8 - Goodwill - Summary of Goodwill (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | ||
Goodwill | $ 2,307,202 | $ 2,307,202 | [1] | |
The Original Sprout LLC [Member] | ||||
Goodwill | 416,817 | 416,817 | ||
Gourmet Foods [Member] | ||||
Goodwill | 275,311 | 275,311 | ||
Brigadier [Member] | ||||
Goodwill | 351,345 | 351,345 | ||
Marygold & Co. (UK) Limited [Member] | ||||
Goodwill | [2] | $ 1,263,729 | $ 1,263,729 | |
[1]Derived from audited financial statements[2]Refer to Note 13, Business Combinations, regarding increase in goodwill during the years ended June 30, 2022 and 2021. |
Note 9 - Accounts Payable and_3
Note 9 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | |
Accounts payable | $ 1,387,943 | $ 2,001,978 | |
Taxes payable | 273,282 | 196,473 | |
Accrued payroll, vacation and bonus payable | 405,561 | 331,644 | |
Accrued operating expenses | 653,564 | 275,695 | |
Total | $ 2,720,350 | $ 2,805,790 | [1] |
[1]Derived from audited financial statements |
Note 10 - Related Party Trans_2
Note 10 - Related Party Transactions (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Notes Payable, Related Parties | $ 0 | $ 0 | |||
Accrued Interest, Related Parties | 0 | $ 6,120 | 0 | $ 6,120 | |
Revenue from Related Parties | 5,266,171 | 5,701,384 | 10,685,606 | 11,358,411 | |
Two Shareholders [Member] | |||||
Repayments of Related Party Debt | 600,000 | ||||
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total | 144,000 | ||||
USCF and USCF Advisers [Member] | |||||
Revenue from Related Parties | 5,300,000 | 5,700,000 | 10,700,000 | 11,400,000 | |
Accounts Receivable, Related Parties | 1,800,000 | 1,800,000 | $ 2,200,000 | ||
Expense Waiver Funds, Related Party | 23,000 | $ 21,000 | 93,000 | $ 59,000 | |
Fund Expense Limitation Amount, Related Party | 164,000 | 70,000 | |||
USCF and USCF Advisers [Member] | USCF Gold Strategy Plus Income Fund [Member] | |||||
Investments, Total | $ 1,300,000 | $ 1,300,000 | $ 1,300,000 | ||
Percentage of Outstanding Shares of Investment | 34% | 34% | 40% |
Note 11 - Loans - Property an_2
Note 11 - Loans - Property and Equipment (Details Textual) | 3 Months Ended | 6 Months Ended | |||||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 CAD ($) | Jun. 30, 2022 USD ($) | ||
Notes Payable, Current, Total | $ 33,384 | $ 33,384 | $ 33,496 | [1] | |||
Notes Payable, Noncurrent, Total | 427,490 | 427,490 | 459,178 | [1] | |||
Note Payable on Office Land and Building [Member] | |||||||
Notes Payable, Total | 340,784 | 340,784 | $ 461,402 | ||||
Notes Payable, Current, Total | 14,710 | 14,710 | 15,135 | ||||
Notes Payable, Noncurrent, Total | 326,074 | 326,074 | 350,293 | ||||
Interest Expense, Debt, Total | 3,646 | $ 4,026 | 7,230 | $ 8,014 | |||
Loans Under Solar Energy System Finance Lease [Member] | |||||||
Notes Payable, Current, Total | 18,674 | 18,674 | 18,360 | ||||
Notes Payable, Noncurrent, Total | $ 101,416 | $ 101,416 | $ 108,885 | ||||
[1]Derived from audited financial statements |
Note 12 - Stockholders' Equit_2
Note 12 - Stockholders' Equity (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||||||
Mar. 14, 2022 | Mar. 11, 2022 | Mar. 09, 2022 | Jan. 15, 2021 | Dec. 31, 2022 | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | Mar. 31, 2022 | ||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | [1] | ||||||||
Payments of Stock Issuance Costs | $ 0 | $ 249,720 | ||||||||||
Preferred Stock, Shares Authorized (in shares) | 50,000,000 | 50,000,000 | 50,000,000 | [1] | ||||||||
Preferred Stock, Shares Issued (in shares) | 49,360 | 49,360 | 49,360 | [1] | ||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 49,360 | 49,360 | 49,360 | [1] | ||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 429,396 | $ 429,396 | ||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 50,000 | |||||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 0 | 0 | 0 | |||||||||
Omnibus Equity Incentive Plan 2021 [Member] | Share-Based Payment Arrangement, Employee [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | |||||||||||
Omnibus Equity Incentive Plan 2021 [Member] | Restricted Stock Awards [Member] | ||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total (in shares) | 277,037 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Grants in Period | $ 374,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 1.35 | |||||||||||
Omnibus Equity Incentive Plan 2021 [Member] | Share-Based Payment Arrangement, Option [Member] | ||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 71,162 | $ 71,162 | ||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 4 years | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Fair Value | $ 71,800 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term (Year) | 6 years 7 months 17 days | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 197% | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 3.68% | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||
Series A Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | ||||||||||
Preferred Stock, Shares Issued (in shares) | 0 | 0 | 0 | |||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | 0 | |||||||||
Series B Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Authorized (in shares) | 45,000,000 | 45,000,000 | ||||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 49,360 | 49,360 | 49,360 | |||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 20 | |||||||||||
Conversion of Stock, Shares Converted (in shares) | 3,672 | |||||||||||
Conversion of Stock, Shares Issued (in shares) | 73,440 | |||||||||||
The Underwriter’s Warrants [Member] | ||||||||||||
Class of Warrant or Right, Percentage of Aggregate Shares Sold | 5% | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 82,500 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 2.40 | |||||||||||
Class of Warrant or Right, Exercise Price, Percentage of Offering Price | 120% | |||||||||||
Warrants and Rights Outstanding | $ 132,000 | |||||||||||
The Underwriter’s Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.0210 | |||||||||||
The Underwriter’s Warrants [Member] | Measurement Input, Expected Term [Member] | ||||||||||||
Warrants and Rights Outstanding, Measurement Input | 5 | |||||||||||
The Underwriter’s Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||
Warrants and Rights Outstanding, Measurement Input | 0 | |||||||||||
The Underwriter’s Warrants [Member] | Measurement Input, Price Volatility [Member] | ||||||||||||
Warrants and Rights Outstanding, Measurement Input | 1.17 | |||||||||||
Underwritten Public Offering [Member] | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,897,500 | 1,650,000 | ||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | |||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 2 | |||||||||||
Stock Issued During Period, Value, New Issues | $ 3,795,000 | |||||||||||
Underwritten Public Offering [Member] | Underwriting Discounts [Member] | ||||||||||||
Payments of Stock Issuance Costs | 265,650 | |||||||||||
Underwritten Public Offering [Member] | Estimated Offering Expenses [Member] | ||||||||||||
Payments of Stock Issuance Costs | $ 545,090 | |||||||||||
Over-Allotment Option [Member] | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 247,500 | |||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.86 | |||||||||||
Shares Issued, Price Per Share, Discount Rate | 7% | 7% | ||||||||||
Stock Issued During Period, Option to Purchase Additional Shares, Period of Recognition (Day) | 45 days | |||||||||||
[1]Derived from audited financial statements |
Note 12 - Stockholder's Equity
Note 12 - Stockholder's Equity - Restricted Stock Outstanding (Details) - Restricted Stock [Member] | 6 Months Ended |
Dec. 31, 2022 $ / shares shares | |
Balance, restricted stock number (in shares) | 0 |
Balance, restricted stock weighted average grant date fair value (in dollars per share) | $ / shares | $ 0 |
Granted, restricted stock number (in shares) | 277,037 |
Granted, restricted stock weighted average grant date fair value (in dollars per share) | $ / shares | $ 1.35 |
Vested and converted to shares, restricted stock number (in shares) | 0 |
Vested and converted to shares, restricted stock weighted average grant date fair value (in dollars per share) | $ / shares | $ 0 |
Canceled, restricted stock number (in shares) | 0 |
Canceled, restricted stock weighted average grant date fair value (in dollars per share) | $ / shares | $ 0 |
Balance, restricted stock number (in shares) | 277,037 |
Balance, restricted stock weighted average grant date fair value (in dollars per share) | $ / shares | $ 1.35 |
Expected to vest, restricted stock, number (in shares) | 277,037 |
Note 12 - Stockholder's Equit_2
Note 12 - Stockholder's Equity - Stock Option Outstanding (Details) - $ / shares | 3 Months Ended |
Dec. 31, 2022 | |
Balance, number of options (in shares) | 0 |
Balance, options, weighted average exercise price (in dollars per share) | $ 0 |
Granted, number of options (in shares) | 50,000 |
Granted, options, weighted average exercise price (in dollars per share) | $ 1.45 |
Vested, number of options (in shares) | 0 |
Vested, options, weighted average exercise price (in dollars per share) | $ 0 |
Exercised, number of options (in shares) | 0 |
Exercised, options, weighted average exercise price (in dollars per share) | $ 0 |
Balance, number of options (in shares) | 50,000 |
Balance, options, weighted average exercise price (in dollars per share) | $ 1.45 |
Exercisable, number of options (in shares) | 0 |
Exercisable, options, weighted average exercise price (in dollars per share) | $ 0 |
Note 12 - Stockholder's Equit_3
Note 12 - Stockholder's Equity - Summary of Nonvested Award Cost (Details) | Dec. 31, 2022 USD ($) |
Remaining six months of fiscal 2023 | $ 26,713 |
Fiscal 2024 | 87,691 |
Fiscal 2025 | 123,640 |
Fiscal 2026 | 159,718 |
Fiscal 2027 | 31,634 |
Total stock-based compensation | $ 429,396 |
Note 13 - Business Combinatio_3
Note 13 - Business Combinations (Details Textual) - Marygold & Co. (UK) Limited [Member] - Tiger Financial and Asset Management Limited [Member] | Jun. 20, 2022 USD ($) | Jun. 20, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Aug. 17, 2021 USD ($) |
Assets under Management, Carrying Amount | £ 42,000,000 | ||||
Business Combination, Price of Acquisition, Expected | $ 2,913,164 | 2,382,372 | |||
Business Combination, Consideration Payable | £ 1,882,372 | ||||
Business Combination, Consideration Transferred, Subsequent Payments | $ 604,990 | £ 500,000 | |||
Business Combination, Consideration Arrangements, Maximum Downward Adjustment, Liability | 500,000 | ||||
Business Combination, Consideration Arrangements, Maximum Upward Adjustment, Liability | £ 0 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Tax Liability | $ | $ 86,277 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $ | $ 113,833 |
Note 13 - Business Combinatio_4
Note 13 - Business Combinations - Acquisition of Assets and Liabilities Assumed (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | [1] |
Goodwill | $ 2,307,202 | $ 2,307,202 | |
Printstock Products Ltd. [Member] | Gourmet Foods [Member] | |||
Cash in bank | 1,159,020 | ||
Prepayments/deposits | 17,962 | ||
Plant, property and equipment | 2,922 | ||
Intangible assets | 684,768 | ||
Goodwill | 1,263,729 | ||
Tax liability | (86,277) | ||
Deferred tax liability | (113,833) | ||
Accounts payable and accrued expenses | (15,127) | ||
Total Purchase Price | $ 2,913,164 | ||
[1]Derived from audited financial statements |
Note 13 - Business Combinatio_5
Note 13 - Business Combinations - Pro Forma Information (Details) - Printstock Products Ltd. [Member] - Gourmet Foods [Member] - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net revenues | $ 9,445,116 | $ 19,173,990 | ||
Net revenues | $ 9,773,680 | $ 19,502,554 | ||
Net (loss) | $ 1,023,335 | $ (857,658) | ||
Net (loss) | $ 1,079,629 | $ (667,833) | ||
Basic earnings per share (in dollars per share) | $ 0.03 | $ 0.03 | $ (0.02) | $ (0.02) |
Diluted earnings per share (in dollars per share) | $ 0.03 | $ 0.03 | $ (0.02) | $ (0.02) |
Note 14 - Income Taxes (Details
Note 14 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | $ 300,000 | $ 300,000 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | 0 | $ 0 | ||
Income Tax Expense (Benefit), Total | $ 107,329 | $ 84,252 | $ 333,580 | $ 322,997 |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||||
Open Tax Year | 2018 2019 2020 2021 | |||
Foreign Tax Authority [Member] | New Zealand Revenue Agency [Member] | ||||
Open Tax Year | 2018 2019 2020 2021 | |||
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||||
Open Tax Year | 2018 2019 2020 2021 |
Note 15 - Commitments and Con_3
Note 15 - Commitments and Contingencies (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Dec. 01, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 NZD ($) | Jun. 30, 2022 NZD ($) | ||
Operating Lease, Right-of-Use Asset | $ 1,216,302 | $ 1,216,302 | $ 1,357,686 | [1] | |||||
Operating Lease, Liability, Total | 1,251,674 | 1,251,674 | |||||||
Operating Lease, Expense | 204,459 | $ 209,172 | 402,951 | $ 411,261 | |||||
Lessee, Operating Lease, Deferred Rent | $ 35,372 | $ 35,372 | |||||||
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 3 days | 3 years 3 days | 3 years 3 days | ||||||
Operating Lease, Weighted Average Discount Rate, Percent | 5.60% | 5.60% | 5.60% | ||||||
Expense Waivers | $ 163,576 | $ 163,576 | 70,199 | [1] | |||||
Defined Contribution Plan, Employer Discretionary Contribution Amount | 38,000 | 54,000 | 77,000 | 88,000 | |||||
Misappropriate Amount For Estatime End-customer Accounts Opened Fraudulently [Member] | |||||||||
Loss Contingency, Loss in Period | $ 103,000 | ||||||||
Loss Contingency Accrual, Provision | $ 250,000 | ||||||||
Loss Contingency Accrual, Period Increase (Decrease), Total | (147,000) | ||||||||
Primary Service Vendors [Member] | |||||||||
Purchase Obligation, Total | 1,500,000 | 1,500,000 | |||||||
Purchase Obligation, to be Paid, Year One | 700,000 | 700,000 | |||||||
Purchase Obligation, to be Paid, Year Two | 600,000 | 600,000 | |||||||
Purchase Obligation, to be Paid, Year Three | 200,000 | 200,000 | |||||||
UNL [Member] | |||||||||
Expense Waivers | 164,000 | 164,000 | 70,000 | ||||||
General Security Lease Agreement [Member] | |||||||||
Operating Lease Arrangement, Collateral Amount | 69,850 | 69,850 | $ 110,000 | ||||||
Lease of Separate Facilities [Member] | |||||||||
Restricted Cash and Cash Equivalents, Total | 12,700 | 12,700 | 20,000 | ||||||
Gourmet Foods [Member] | |||||||||
Restricted Cash and Cash Equivalents, Total | $ 12,700 | $ 12,700 | $ 12,486 | $ 20,000 | $ 20,000 | ||||
Gourmet Foods [Member] | Lease for Office Space in Walnut Creek, California [Member] | |||||||||
Lessee, Operating Lease, Term of Contract (Year) | 3 years | 3 years | 3 years | ||||||
Operating Lease, Monthly Rent | $ 24,189 | ||||||||
Finance Lease, Monthly Rent | $ 1,665 | 1,665 | |||||||
Finance Lease, Minimum Lease Obligation, Monthly Payments | 2,435 | 2,435 | |||||||
Gourmet Foods [Member] | Two Renewed Leases for Office, Factory and Warehouse Facilities [Member] | |||||||||
Operating Lease, Right-of-Use Asset | 103,603 | 103,603 | |||||||
Operating Lease, Liability, Total | $ 103,603 | 103,603 | |||||||
The Original Sprout LLC [Member] | Office and Warehouse Space in San Clemente, CA [Member] | |||||||||
Lessee, Operating Lease, Term of Contract (Year) | 3 years | ||||||||
Operating Lease, Monthly Rent | $ 23,625 | ||||||||
Wainwright [Member] | Lease for Office Space in Walnut Creek, California [Member] | |||||||||
Operating Lease, Monthly Rent | $ 13,063 | ||||||||
USCF [Member] | |||||||||
Defined Contribution Plan, Minimum Age Requirement for Participation (Year) | 21 years | ||||||||
Defined Contribution Plan, Requirement, Minimum Hours of Service | 1,000 | ||||||||
[1]Derived from audited financial statements |
Note 15 - Commitments and Con_4
Note 15 - Commitments and Contingencies - Future Minimum Consolidated Lease Payments (Details) | Dec. 31, 2022 USD ($) |
2023, operating lease | $ 381,128 |
2023, finance lease | 13,439 |
2024, operating lease | 480,984 |
2024, finance lease | 17,919 |
2025, operating lease | 188,566 |
2025, finance lease | 17,919 |
2026, operating lease | 175,336 |
2026, finance lease | 17,919 |
2027, operating lease | 58,445 |
2027, finance lease | 17,919 |
Thereafter, operating lease | 0 |
Thereafter, finance lease | 93,037 |
Total minimum lease payments, operating lease | 1,284,459 |
Total minimum lease payments, finance lease | 178,152 |
Less: present value discount, operating lease | (32,785) |
Less: present value discount, finance lease | (52,183) |
Operating Lease, Liability, Total | 1,251,674 |
Other Liabilities [Member] | |
Operating Lease, Liability, Total | 1,251,674 |
Total finance lease liabilities | $ 125,969 |
Note 16 - Segment Reporting (De
Note 16 - Segment Reporting (Details Textual) | 6 Months Ended | ||
Dec. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | ||
Number of Reportable Segments | 4 | ||
Assets, Total | $ 35,216,847 | $ 35,310,577 | [1] |
Marygold & Co. (UK) Limited [Member] | |||
Assets, Total | $ 2,490,712 | ||
[1]Derived from audited financial statements |
Note 16 - Segment Reporting - R
Note 16 - Segment Reporting - Reconciliation of Assets by Segment (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 | ||
Identifiable assets | $ 35,216,847 | $ 35,310,577 | [1] | |
Identifiable assets | 35,216,847 | 35,310,577 | [1] | |
Property, plant, and equipment | 3,281,895 | 3,252,524 | ||
Total property, plant and equipment, gross | 3,281,895 | 3,252,524 | ||
Less accumulated depreciation | (1,975,220) | (1,860,630) | ||
Net property, plant and equipment | 1,306,675 | 1,391,894 | [1] | |
U.S.A Investment Fund Management [Member] | ||||
Identifiable assets | 18,252,373 | 18,006,771 | ||
Identifiable assets | 18,252,373 | 18,006,771 | ||
Property, plant, and equipment | 0 | 0 | ||
Total property, plant and equipment, gross | 0 | 0 | ||
Corporate Headquarters Including Marygold [Member] | ||||
Identifiable assets | 4,749,242 | 7,243,332 | ||
Identifiable assets | 4,749,242 | 7,243,332 | ||
USA Beauty Products and Other [Member] | ||||
Identifiable assets | 3,415,095 | 3,484,315 | ||
Identifiable assets | 3,415,095 | 3,484,315 | ||
Property, plant, and equipment | 62,456 | 60,678 | ||
Total property, plant and equipment, gross | 62,456 | 60,678 | ||
New Zealand Food Industry Segment [Member] | ||||
Identifiable assets | 4,301,939 | 3,983,381 | ||
Identifiable assets | 4,301,939 | 3,983,381 | ||
Property, plant, and equipment | [2] | 2,281,728 | 2,235,896 | |
Total property, plant and equipment, gross | [2] | 2,281,728 | 2,235,896 | |
Canada Security Alarm [Member] | ||||
Identifiable assets | 2,584,933 | 2,592,778 | ||
Identifiable assets | 2,584,933 | 2,592,778 | ||
Property, plant, and equipment | 876,177 | 916,054 | ||
Total property, plant and equipment, gross | 876,177 | 916,054 | ||
U.K. Financial Services [Member] | ||||
Identifiable assets | [3] | 1,913,265 | 0 | |
Identifiable assets | [3] | 1,913,265 | 0 | |
Property, plant, and equipment | 21,192 | 19,467 | ||
Total property, plant and equipment, gross | 21,192 | 19,467 | ||
Corporate Segment [Member] | ||||
Property, plant, and equipment | 40,342 | 20,429 | ||
Total property, plant and equipment, gross | $ 40,342 | $ 20,429 | ||
[1]Derived from audited financial statements[2]Includes the underlying assets of the solar energy system finance lease totaling $150,625 at Gourmet Foods.[3]The assets of Marygold & Co. (UK) were included with corporate headquarters at June 30, 2022 and totaled US$2,490,712 translated as of June 30, 2022. |
Note 16 - Segment Reporting -_2
Note 16 - Segment Reporting - Reconciliation of Revenue by Segment (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Dec. 31, 2022 | Sep. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Net income (loss) | $ 181,794 | $ 497,168 | $ 1,023,335 | $ (1,880,993) | $ 678,962 | $ (857,658) | |
Capital expenditures | 25,353 | 428 | 34,777 | 3,988 | |||
Capital expenditures | 25,353 | 428 | 34,777 | 3,988 | |||
U.S.A Investment Fund Management [Member] | |||||||
Capital expenditures | 0 | 0 | |||||
Capital expenditures | 0 | 0 | |||||
Corporate Headquarters Including Marygold [Member] | |||||||
Capital expenditures | 0 | 0 | |||||
Capital expenditures | 0 | 0 | |||||
USA Beauty Products and Other [Member] | |||||||
Capital expenditures | 650 | 428 | 1,778 | 948 | |||
Capital expenditures | 650 | 428 | 1,778 | 948 | |||
New Zealand Food Industry Segment [Member] | |||||||
Capital expenditures | [1] | 1,348 | 0 | 7,202 | 3,040 | ||
Capital expenditures | [1] | 1,348 | 0 | 7,202 | 3,040 | ||
Canada Security Alarm [Member] | |||||||
Capital expenditures | 3,442 | 0 | 4,140 | 0 | |||
Capital expenditures | 3,442 | 0 | 4,140 | 0 | |||
U.K. Financial Services [Member] | |||||||
Capital expenditures | 0 | 0 | 1,744 | 0 | |||
Capital expenditures | 0 | 0 | 1,744 | 0 | |||
Corporate Segment [Member] | |||||||
Capital expenditures | 19,913 | 0 | 19,913 | 0 | |||
Capital expenditures | 19,913 | 0 | 19,913 | 0 | |||
Operating Segments [Member] | |||||||
Revenue from Contract with Customer, Including Assessed Tax | 8,772,248 | 9,445,116 | 17,696,534 | 19,173,990 | |||
Net income (loss) | 181,794 | 1,023,335 | 678,962 | (857,658) | |||
Operating Segments [Member] | U.S.A Investment Fund Management [Member] | |||||||
Revenue from Contract with Customer, Including Assessed Tax | 5,266,171 | 5,701,384 | 10,685,606 | 11,358,411 | |||
Net income (loss) | 1,781,779 | 1,985,141 | 3,567,038 | 1,617,234 | |||
Operating Segments [Member] | USA Beauty Products and Other [Member] | |||||||
Revenue from Contract with Customer, Including Assessed Tax | 784,463 | 992,852 | 1,588,541 | 2,013,924 | |||
Net income (loss) | (41,345) | (12,718) | (61,102) | (8,196) | |||
Operating Segments [Member] | New Zealand Food Industry Segment [Member] | |||||||
Revenue from Contract with Customer, Including Assessed Tax | 1,932,304 | 2,108,257 | 3,869,752 | 4,468,402 | |||
Net income (loss) | 17,524 | 136,465 | 218,078 | 289,667 | |||
Operating Segments [Member] | Canada Security Alarm [Member] | |||||||
Revenue from Contract with Customer, Including Assessed Tax | 665,028 | 642,623 | 1,294,860 | 1,333,253 | |||
Net income (loss) | 73,284 | 62,547 | 180,408 | 140,954 | |||
Operating Segments [Member] | U.K. Financial Services [Member] | |||||||
Revenue from Contract with Customer, Including Assessed Tax | 124,282 | 0 | 257,775 | 0 | |||
Net income (loss) | 12,900 | 0 | 23,056 | 0 | |||
Operating Segments [Member] | Corporate Segment [Member] | |||||||
Net income (loss) | $ (1,662,348) | $ (1,148,100) | $ (3,248,516) | $ (2,897,317) | |||
[1]Includes $401,681 related to the acquisition of Printstock in July 2020. See Note 15, Business Combinations |
Note 17 - Subsequent Events (De
Note 17 - Subsequent Events (Details Textual) $ in Millions | Jan. 11, 2023 USD ($) |
USCF ETF Trust [Member] | ZSB Shares [Member] | Subsequent Event [Member] | |
Stock Issued During Period, Value, New Issues | $ 2.5 |