Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 210

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 210
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    |   ​ 
   ​ |
|:------------------------------------------|:--|:-----|-----:|:--|:-----|----:|
| 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 $ million and $ million, respectively. At December 31, 2023, the Company had federal and state net operating loss carryforwards of approximately $ million and $ million, 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 accounting standards that address income taxes. Significant management judgment is required in determining the period in which the reversal of a valuation allowance should occur. The Company has considered all available evidence, both positive and negative, such as historical levels of income and future forecasts of taxable income amongst other items, in determining its valuation allowance and has concluded that a valuation allowance is warranted in the amount of $ and $ as of December 31, 2024 and 2023.

F-47

17.INCOME TAXES (continued) Unrecognized Tax Benefits Based on the Company’s evaluation, it has been concluded that there are no material uncertain tax positions requiring recognition in the Company’s consolidated financial statements for the years ended December 31