Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 58

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 58
---
 and other receivables8,496 13,109 Total accounts receivable99,447 108,211 Allowance for credit losses(7,941)(7,175)Accounts receivable, net$91,506 $101,036 Additions and changes to the allowance for credit losses consist of the following:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2024202320242023Balance, beginning of period$6,938 $6,100 $7,175 $3,664 Add: Additions to reserve1,580 2,079 2,498 5,716 Less: Write-offs(577)(1,417)(1,732)(2,618)Less: Recovery— — — — Balance, end of period$7,941 $6,762 $7,941 $6,762 

NOTE 8 — PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following:September 30,2024December 31,2023Inventory$80,437 $93,674 Rental merchandise, net14,178 16,629 Equity method investments3,053 2,087 Prepaid expenses27,226 29,982 Unbilled receivables10,195 12,997 Other receivables38,167 39,001 Other assets28,432 47,492 Prepaid expenses and other assets$201,688 $241,862 

Unbilled receivables represent the amount of mobile handsets in the Communications segment, and consulting related engagements in the Financial Consulting segment. Other receivables primarily consist of interest receivables on loans and loans receivables that are held at cost. Other assets primarily consist of deposits, real estate held for investment, deferred financing costs, and finance lease assets. 

NOTE 9 — GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill was $498,377 and $466,638 as of September 30, 2024 and December 31, 2023, respectively. The increase in goodwill during the nine months ended September 30, 2024 was primarily due to $56,028 from the acquisition of Nogin in the All Other category and $1,431 from an immaterial acquisition in the Financial Consulting segment, partially offset by $26,681 from