Marygold Companies, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES   Our Common Stock presently trades on the New York Stock Exchange ("NYSE")-American. The high and low bid prices, as reported by NYSE American, are as follows for fiscal years ended June 30, 2023 and 2022. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.       High     Low       Calendar 2021   3rd Quarter   $ 4.78     $ 1.75   4th Quarter   $ 3.96     $ 2.60                         Calendar 2022   1st Quarter   $ 7.11     $ 1.77   2nd Quarter   $ 2.3     $ 0.97   3rd Quarter   $ 1.85     $ 1.10   4th Quarter   $ 1.57     $ 1.08                         Calendar 2023   1st Quarter   $ 2.03     $ 1.26   2nd Quarter   $ 1.90     $ 1.03     Holders   On September 20, 2023, there were approximately 354 registered holders of record of our common stock.   Dividends   We have declared no dividends for the current year, nor do we expect to in the foreseeable future. Our ability to pay dividends is subject to limitations imposed by Nevada law. Under Nevada law, dividends may be paid to the extent that a corporation's assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business. Under Nevada law, a company - such as our company - can pay dividends only     • from retained earnings, and   • no distribution can be made, if after giving it effect,   • the corporation would not be able to pay its debts as they become due in the usual course of business; or   • except as otherwise specifically allowed by the articles of incorporation, the corporation's total assets would be less than the sum of its total liabilities plus the amount that would be needed, if the corporation were to be dissolved at the time of distribution, to satisfy the preferential rights upon dissolution of stockholders whose preferential rights are superior to those receiving the distribution.   Our strategy on dividends is to declare and pay dividends only from retained earnings and only when our Board of Directors deems it prudent and in the best interests of the company to declare and pay dividends.   20 Table of Contents   Recent Sales of Unregistered Securities; Shares Issued for Services; Outstanding Stock Options   The Company neither sold or issued any unregistered shares of any class of stock within the last two years up to and including June 30, 2023. On August 25, 2021, the Company adopted the 2021 Omnibus Equity Incentive Plan (the "Plan") and issued stock and stock options during the current fiscal year as detailed in Note 12, Stockholders' Equity .   ITEM 6. SELECTED FINANCIAL DATA   As a "smaller reporting company", we are not required to provide the information required by this Item.