Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 74

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 — — — — — 52,483 Interest income - loans75,138 — — — — — — 75,138 Interest income - securities lending77,247 — — — — — — 77,247 Other13,927 1,091 — — — — — 15,018 Total revenues$347,463 $97,530 $16,221 $56,222 $171,875 $120,765 $28,292 $838,368 Contract BalancesThe timing of the Company’s revenue recognition may differ from the timing of payment by its customers. The Company records a receivable when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligation(s) are satisfied. Receivables related to revenues from contracts with customers totaled $115,681 and $115,496 as of June 30, 2024 and December 31, 2023, respectively. The Company had no significant impairments related to these receivables during the three and six months ended months ended June 30, 2024 and 2023. The Company also has $13,414 and $13,402 of unbilled receivables included in prepaid expenses and other assets as of June 30, 2024 and December 31, 2023, respectively. The Company’s deferred revenue primarily relates to retainer and milestone fees received from corporate finance and investment banking advisory engagements, asset management agreements, financial consulting engagements, subscription services where the performance obligation has not yet been satisfied and license agreements with guaranteed minimum royalty payments and advertising/marketing fees with additional royalty revenue based on a percentage of defined sales. Deferred revenue as of June 30, 2024 and December 31, 

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2023 was $65,421 and $71,504, respectively. The Company expects to recognize the deferred revenue of $65,421 as of June 30, 2024 as service and fee revenues when the performance obligation is met during the years ended December 31, 2024 (remaining six months), 2025, 2026, 2027 and 2028 in the amount of $42,613, $11,279, $5,316, $2,220, and $