Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 229

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 229
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          | 180 | ​ |          | 155 |
| WEG    | ​ |          | 175 | ​ |          |  44 | ​ |          | 175 | ​ |          |  80 |
| Total  | ​ | $        | 874 | ​ | $        | 631 | ​ | $        | 681 | ​ | $        | 641 |

F-58

| 6. | FAIR VALUE |

FASB ASC 820, Fair Value Measurement, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The standard establishes the following hierarchy used in fair value measurements and expands the required disclosures of assets and liabilities measured at fair value:

| ● | Level 1 - Inputs use quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access. |

| ● | Level 2 - Fair value measurements use other inputs that are observable, either directly or indirectly. These inputs include quoted prices for similar assets and liabilities in active markets as well as other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. |

| ● | Level 3 - Inputs that are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities. |

Certain financial instruments are carried at cost on the consolidated statements of financial condition, which approximates fair value due to their short-term, highly liquid nature. The carrying value of debt approximates their fair value since the interest rates on these obligations represent current market rates.

| 7. | PROPERTY AND EQUIPMENT, NET |

Property and equipment consisted of the following as of December 31 (in thousands):

| ​                                               | ​ 
 ​ | ​ |      ​ 
   2023 | ​ | ​ |      ​ 
   2022 |
|:------------------------------------------------|:--|:--|-------:|:--|:--|-------:|
| Computer hardware                               | ​ | $ |  2,587 | ​ | $ |  2,601 |
| Office furniture and equipment                  |   | ​ |    971 |   | ​ |  1,010 |
| Leasehold improvements                          |   | ​ |     41 |