Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 56

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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Other adjustments and write-offs(1,523)(583)Recoveries(17)— Balance, end of period$5,343 $3,462 

NOTE 7 — PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following:March 31,2025December 31,2024Inventory, net$60,040 $63,004 Rental merchandise, net13,807 15,084 Equity method investments95,440 85,487 Prepaid expenses25,383 32,413 Unbilled receivables3,335 3,387 Other receivables, net31,963 27,591 Other assets11,785 15,950 Prepaid expenses and other assets$241,753 $242,916 Unbilled receivables represent the amount of mobile handsets in the Communications segment. Other receivables primarily consist of interest receivables on loans, advances to financial advisors, net and income tax receivables. Other assets primarily consist of deposits, contract costs, and finance lease assets.

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NOTE 8 — GOODWILL AND OTHER INTANGIBLE ASSETS

The carrying amount of goodwill at March 31, 2025 and December 31, 2024 was $392,687. Goodwill is comprised of $161,486 for the Capital Markets Segment, $37,334 for the Wealth Management Segment and $193,867 for the Communications Segment. Goodwill is net of accumulated impairment losses of $137,445, of which $79,781 and $57,664 were recorded in the Consumer Products and E-Commerce segments, respectively, prior to December 31, 2024.Intangible assets consisted of the following:As of March 31, 2025As of December 31, 2024Estimated Useful Life in YearsGross Carrying ValueAccumulated AmortizationIntangibles NetGross Carrying ValueAccumulated AmortizationIntangibles NetAmortizable assets:Customer relationships1 to 16$240,780 $(131,877)$108,903 $240,780 $(126,182)$114,598 Domain names7170 (170)— 170 (170)— Advertising relationships8100 (100)— 100 (100)— Internally developed software and other intangibles0.5 to 1029