Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 320

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 320
---
 and unrealized gains (losses) included in fair value adjustments on loans and $(163,907) of realized and unrealized gains (losses) included in other income (loss) - realized and unrealized gains (losses) on investments, $(175,582) of fair value adjustments on loans included in fair value adjustments on loans, and $264 related to contingent consideration included in selling, general and administrative expenses in the condensed consolidated statement of operations. Fair value adjustments during the three months ended June 30, 2023 includes the following: $17,287 of realized and unrealized gains (losses) on equity securities is comprised of $13,932 relating to equity securities included in fair value adjustments on loans and $3,355 of realized and unrealized gains (losses) included in other income (loss) - realized and unrealized gains (losses) on investments, $9,207 of fair value adjustments on loans included in fair value adjustments on loans, and $(1,123) related to contingent consideration included in selling, general and administrative expenses in the condensed consolidated statement of operations.(2) - For the three months ended June 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 six months ended June 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 3Six Months Ended June 30, 2024Equity securities$735,638 $(254,031)$20 $616 $(78,197)$— $(1,077)$402,969 $257,224 Loans receivable at fair value532,419 (187,783)4,262 38,105 (22,785)(135,019)— 229,199 196,240 Mandatorily redeemable noncontrolling interests issued after November 5, 20035,835 — 785 — — (1,316)— 5,304 — Contingent consideration27,985 1