Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 317

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 8
Chunk 317
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 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 amounts as of June 30, 2024 and September 30, 2023 correspond to amounts as of September 30, 2024 and December 31, 2023, respectively, of the Company; income statement amounts during the three and nine months ended June 30, 2024 and 2023 correspond to amounts during the three and nine months ended September 30, 2024 and 2023, respectively, of the Company), which is the period in which the most recent financial information is available:June 30, 2024December 31, 2023Current assets$239,004 $279,810 Noncurrent assets$563,871 $622,632 Current liabilities$222,125 $185,925 Noncurrent liabilities$146,226 $236,829 Preferred stock$— $4,500 Equity attributable to investee$434,524 $475,188 

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For the three months ended June 30,For the nine months ended June 30,2024202320242023Revenues$111,909 $36,107 $372,418 $111,542 Cost of revenues$76,286 $20,492 $279,426 $73,244 Net income (loss) attributable to investees$(4,273)$6,586 $(14,229)$3,701 As of September 30, 2024 and December 31, 2023, the fair value of these five investments totaled $50,595 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 MeasurementsThe 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 to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. In general, fair values determined by Level 1