Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 313

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 313
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 ability to exercise significant influence since the investment is more than minor and the limited liability company is required to maintain specific ownership accounts for each member. The Company has elected to account for these equity investments under the fair value option. These equity investments are comprised of equity investments in five private companies at June 30, 2024 and six private companies at December 31, 2023. The following table contains summarized financial information for these companies, included below for purposes of the disclosure a quarter in arrears (balance sheet 

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amounts as of March 31, 2024 and September 30, 2023 correspond to amounts as of June 30, 2024 and December 31, 2023, respectively, of the Company; income statement amounts during the three and six months ended March 31, 2024 and 2023 correspond to amounts during the three and six months ended June 30, 2024 and 2023, respectively, of the Company), which is the period in which the most recent financial information is available:March 31, 2024September 30, 2023Current assets$257,355 $281,610 Noncurrent assets$502,904 $627,858 Current liabilities$214,014 $150,114 Noncurrent liabilities$129,047 $277,638 Preferred stock$— $4,500 Equity attributable to investee$417,198 $477,216 For the three months ended March 31,For the six months ended March 31,2024202320242023Revenues$109,929 $37,512 $255,903 $75,435 Cost of revenues$79,033 $19,689 $206,381 $52,751 Net (loss) income attributable to investees$(5,469)$10,728 $(15,974)$(2,886)As of June 30, 2024 and December 31, 2023, the fair value of these five investments totaled $38,416 and six investments totaled $87,713, respectively, and is included in securities and other investments owned, at fair value in the condensed consolidated balance sheets. 

 (j) Fair Value Measurements

The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Fair value is the price that would be received