Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 48

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 properly presented in the unaudited condensed consolidated balance sheets. Operating results from the disposal groups comprising the Wealth Management business and Atlantic Coast Recycling contributed to Wealth Management and All Other segment categories, respectively, operating incomes for the three months ended March 31, 2025.Assets and liabilities held for sale consist of the following:As of March 31, 2025WealthManagementAssets Held for SalePrepaid expenses and other assets$3,477 Operating lease right-of-use assets394 Property and equipment, net67 Goodwill13,861 Other intangible assets, net2,326 Total assets held for sale$20,125 Liabilities Held for SaleOperating lease liabilities419 Total liabilities held for sale$419 As of December 31, 2024AtlanticWealthCoastManagementRecyclingTotalAssets Held for SaleCash and cash equivalents$— $1,324 $1,324 Accounts receivable, net of allowance of $18— 3,698 3,698 Prepaid expenses and other assets3,704 2,427 6,131 Operating lease right-of-use assets512 21,127 21,639 Property and equipment, net71 22,799 22,870 Goodwill13,861 3,280 17,141 Other intangible assets, net2,678 9,242 11,920 Total assets held for sale$20,826 $63,897 $84,723 Liabilities Held for SaleAccounts payable$— $1,410 $1,410 Accrued expenses and other liabilities— 13,290 13,290 Operating lease liabilities525 24,371 24,896 Notes payable— 1,909 1,909 Total liabilities held for sale$525 $40,980 $41,505 

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Discontinued OperationsThe Company presents a disposition of a component, being an operating or reportable segment, business unit, subsidiary or asset group, that represents a strategic shift that has or will have a major effect on the Company’s operations and financial results as discontinued operations when the components meet the criteria to be classified as held for sale. The following operations have been presented as discontinued operations. Brands TransactionOn October 25, 2024, the Company completed a transaction whereby the Company contributed and transferred its controlling equity interest in the assets and intellectual properties related to the licenses of Catherine