Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 174

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 174
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 ​ | -45.1 | % |  -17.5 | % |

Deferred Taxes

Deferred tax assets and liabilities are determined based on the temporary differences between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates. Temporary differences, and net operating loss carryforwards that give rise to deferred tax assets and liabilities are summarized as follows as of December 31:

| ​                                         
 ​                                         
 Deferred tax assets/(liabilities):        | ​ 
 ​ | ​    
 2024 
 ​    |    ​ 
    ​ | ​ 
 ​ | ​    
 2023 
 ​    |   ​ 
   ​ |
|:------------------------------------------|:--|:-----|-----:|:--|:-----|----:|
| Property, and equipment, net              | ​ | $    | -116 | ​ | $    | -92 |
| Intangibles, net                          | ​ | ​    |  246 | ​ | ​    |   — |
| IRC 163(j) interest limitation, carryover | ​ |      |  340 | ​ |      | 190 |
| Net operating loss                        | ​ |      |  281 | ​ |      | 832 |
| Other                                     | ​ |      |  138 | ​ |      |  63 |
| Total                                     | ​ |      |  889 | ​ |      | 993 |
| Valuation Allowance                       | ​ |      | -529 | ​ |      |   — |
| Net deferred tax asset                    | ​ | $    |  360 | ​ | $    | 993 |

Net Operating Losses

At December 31, 2024, the Company and its subsidiaries had federal and state net operating loss carry forwards of approximately$ 1.0million and$ 1.8million, respectively. At December 31, 2023, the Company had federal and state net operating loss carryforwards of approximately$ 3.7million and$ 1.2million, respectively. These carry forward losses are available to offset future U.S. federal and state taxable income and are not subject to IRC Section 382 limitations. All federal net operating losses being carried forward were incurred in tax years beginning after December 31, 2021, and therefore will carry forward indefinitely.

Valuation Allowance

The Company provides for recognition of deferred tax assets if the realization of such assets is more likely than not to occur in accordance with