Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 50

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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ated by maintaining offsetting securities borrowed transactions in which the Company receives cash from the counterparty which, in general, is equal to or greater than the cash the Company posts on securities lending transactions.

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NOTE 6 — ACCOUNTS RECEIVABLE  

The components of accounts receivable, net, include the following: June 30,2024December 31,2023Accounts receivable$110,650 $109,725 Investment banking fees, commissions and other receivables12,284 13,110 Total accounts receivable122,934 122,835 Allowance for credit losses(7,253)(7,339)Accounts receivable, net$115,681 $115,496 Additions and changes to the allowance for credit losses consist of the following:Three Months EndedJune 30,Six Months EndedJune 30,2024202320242023Balance, beginning of period$7,122 $6,324 $7,339 $3,664 Add: Additions to reserve740 629 1,176 3,802 Less: Write-offs(609)(713)(1,262)(1,201)Less: Recovery— 25 — — Balance, end of period$7,253 $6,265 $7,253 $6,265 

NOTE 7 — PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following:June 30,2024December 31,2023Inventory$83,178 $93,853 Rental merchandise, net14,235 16,629 Equity method investments2,551 2,087 Prepaid expenses21,324 24,813 Unbilled receivables13,414 13,402 Other receivables55,049 39,001 Other assets31,713 47,542 Prepaid expenses and other assets$221,464 $237,327 

Unbilled receivables represent the amount of contractual reimbursable costs and fees for services performed in connection with fee and service based contracts in the Auction and Liquidation segment, mobile handsets in the Communications segment, and consulting related engagements in the Financial Consulting segment. Other receivables primarily consist of interest receivables on loans and loans receivables that are held at cost. Other assets primarily consist of deposits, real estate held for investment, deferred financing