Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 37

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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14 related to contingent consideration included in selling, general and administrative expenses in the condensed consolidated statement of operations.(2) - For the three months ended September 30, 2024 and 2023, the change in unrealized gains (losses) is related to financial instruments held at the end of each respective reporting period.The changes in Level 3 fair value hierarchy during the nine months ended September 30, 2024 and 2023 were as follows:Level 3Balance atBeginning ofYearLevel 3 Changes During the PeriodLevel 3Balance atEnd ofPeriodChange in unrealized gains (losses) (2)Fair Value Adjustments (1)Relating to Undistributed EarningsPurchases/ OriginationsSalesSettlements/ RepaymentsTransfer in and/or out of Level 3Nine Months Ended September 30, 2024Equity securities$452,581 $(325,310)$20 $665 $(78,197)$13,266 $(1,077)$61,948 $(327,675)Loans receivable at fair value532,419 (259,260)5,136 65,832 (22,785)(169,638)— 151,704 (267,549)Contingent consideration27,985 2,057 — 1,055 — (7,395)— 23,702 — Nine Months Ended September 30, 2023Equity securities$153,972 $5,017 $(35)$341,177 $(34,509)$— $(7,558)$458,064 $(13,749)Loans receivable at fair value701,652 51,624 1,824 389,883 (7,500)(588,091)(250)549,142 24,030 Contingent consideration31,046 (4,556)— 3,380 — (1,883)— 27,987 — (1) - Fair value adjustments during the nine months ended September 30, 2024 includes the following: $(325,310) of realized and unrealized gains (losses) on equity securities is comprised of $(64,632) of realized and unrealized gains (losses) included in trading (loss) income and $(260,678) of realized and unrealized gains (losses) included in other income (loss) - realized and unrealized gains (