Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 88

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 88
---
 (the “Funds”). In connection with these services, the Funds may bear certain operating costs and expenses which are initially paid by the Company and subsequently reimbursed by the Funds. Management fees from the Funds during the three months ended June 30, 2024 and 2023 totaled $28 and $484, respectively, and during the six months ended June 30, 2024 and 2023 totaled $143 and $694, respectively.As of June 30, 2024 and December 31, 2023, amounts due from related parties were $905 and $172, respectively, of which $161 and $172, respectively, were due from the Funds for management fees and other operating expenses. As of June 30, 2024, $744 were due from certain of the Company's brand investments to Nogin for e-commerce related services. As of June 30, 2024 and December 31, 2023, amounts due to related parties were $2,067 and $2,731, respectively, of which $1,249 and $2,480, respectively, related to bebe’s rent to own stores which are franchised through Freedom VCM and consist of royalty fees, inventory purchases, marketing, and IT services. As of June 30, 2024, $818 were due to certain of the Company's brand investments from Nogin for sales transactions settled by Nogin as part of its e-commerce related services to the Company’s brand investments. During the three and six months ended June 30, 2024, royalty fees, marketing, and IT services charged to bebe by Freedom VCM totaled $1,235 and $2,525, respectively, and inventory purchases by bebe from Freedom VCM totaled $3,220 and $6,759, respectively. During the three and six months ended June 30, 2024, Nogin recognized revenues of $1,754 from clients that are part of the Company’s brand investments.In June 2020, the Company entered into an investment advisory services agreement with Whitehawk Capital Partners, L.P. (“Whitehawk”), a limited partnership controlled by Mr. J. Ahn, who is the brother of Phil Ahn, the Company’s Chief Financial Officer and Chief Operating Officer. Whitehawk has agreed to provide investment advisory services for GACP I, L.P. and GACP II, L.P. During the three months ended June 30, 2024 and 202