Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 362

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 362
---
 in equity of subsidiaries are not deemed to be a dividend. According to ASC 480 - Distinguishing Liabilities from Equity, there is no impact on earnings per share in the computation of basic and diluted earnings per share to common shareholders for changes in the carrying value of the redeemable noncontrolling interests in equity, when such changes in carrying value which in substance approximates fair value.Potential common shares that were not included in the computation of diluted loss per share because the effect was antidilutive was 2,781,112 as of June 30, 2024. Securities that could potentially dilute basic net income per share in the future that were not included in the computation of diluted net income per share as the effect would be anti-dilutive were 1,985,442 and 1,992,357 during the three and six months ended June 30, 2023, respectively, because to do so would have been anti-dilutive.

50

Basic and diluted earnings per share were calculated as follows:Three Months EndedJune 30,Six Months EndedJune 30,2024202320242023Net (loss) income attributable to B. Riley Financial, Inc.$(433,604)$46,381 $(482,769)$63,536 Preferred stock dividends(2,015)(2,015)(4,030)(4,027)Net (loss) income available to common shareholders$(435,619)$44,366 $(486,799)$59,509     Weighted average common shares outstanding:    Basic30,352,054 28,239,116 30,170,819 28,411,270 Effect of dilutive potential common shares:    Restricted stock units and warrants— 415,130 — 671,615 Diluted30,352,054 28,654,246 30,170,819 29,082,885     Basic (loss) income per common share$(14.35)$1.57 $(16.13)$2.09 Diluted (loss) income per common share$(14.35)$1.55 $(16.13)$2.05 

NOTE 16 — COMMITMENTS AND CONTINGENCIES

(a) Legal MattersThe Company is subject to certain legal and other claims that arise in the ordinary course of its business. In particular, the Company and its subsidiaries are named in and subject to various proceedings and claims arising primarily from the Company