Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 32

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 carrying value$65,735 $64,455 Upward carrying value changes1,289 100 Downward carrying value changes/impairment(2)(21,395)The Company measures certain assets at fair value on a nonrecurring basis. These assets include equity method investments when they are deemed to be other-than-temporarily impaired, investments adjusted to their fair value by applying the measurement alternative, assets acquired and liabilities assumed in an acquisition or in a nonmonetary exchange, and property, plant and equipment and intangible assets that are written down to fair value when they are held for sale or determined to be impaired. The Company did not have any material assets or liabilities that were measured at fair value on a nonrecurring basis in periods subsequent to initial recognition as of June 30, 2024 and December 31, 2023.

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The following tables present information on the financial assets and liabilities measured and recorded at fair value on a recurring basis as of June 30, 2024 and December 31, 2023.Financial Assets and Liabilities Measured at Fair Value on aRecurring Basis as of June 30, 2024 UsingFair value as of June 30, 2024Quoted prices in active markets for identical assets (Level 1)Other observable inputs (Level 2)Significant unobservable inputs  (Level 3)Assets:Securities and other investments owned:Equity securities$540,490 $137,521 $— $402,969 Corporate bonds36,915 31,287 5,628 — Other fixed income securities5,321 — 5,321 — Total securities and other investments owned582,726 168,808 10,949 402,969 Loans receivable, at fair value229,199 — — 229,199 Total assets measured at fair value$811,925 $168,808 $10,949 $632,168 Liabilities:Securities sold not yet purchased:Equity securities$203 $203 $— $— Corporate bonds320 — 320 — Other fixed income securities4,242 — 4,242 — Total securities sold not yet purchased4,765 203 4,562 — Mandatorily redeemable noncontrolling interests issued after November 5, 20035,304 — — 5