Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 307

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 307
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 equity securities held at June 30, 2024, includes unrealized gains (losses) of $(153,027) and $4,318 for the three months ended June 30, 2024 and 2023, respectively, and $(185,519) and $(13,530) for the six months ended June 30, 2024 and 2023, respectively, reported in other income (loss) - realized and unrealized gains (losses) on investments in the condensed consolidated statement of operations.The Brand InvestmentsThe following tables contain summarized financial information with respect to five of the Company's investments in limited liability companies that primarily license brand names and trademarks through licensing agreements. The Company has an ownership interest in each investee between 10% and 50%. For the 10% ownership interest, the Company is presumed to have the ability to exercise significant influence since the investment is more than minor and the limited liability company is required to maintain specific ownership accounts for each member. The Company has significant influence in the other four investments due to the ownership interest being greater than 20%. The financial information of these five investments has been aggregated and included below for purposes of the disclosure a quarter in arrears (balance sheet amounts as of March 31, 2024 and September 30, 2023 correspond to amounts as of June 30, 2024 and December 31, 2023, respectively, of the Company; income statement amounts during the three and six months ended March 31, 2024 and 2023 correspond to amounts during the three and six months ended June 30, 2024 and 2023, respectively, of the Company), which is the period in which the most recent financial information is available:March 31,September 30,20242023Current assets$51,858 $51,588 Noncurrent assets$264,167 $269,809 Current liabilities$9,080 $8,594 Noncurrent liabilities$780 $760 Equity attributable to investee$303,396 $309,167 Noncontrolling interest$2,769 $2,876 

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For the three months ended March 31,For the six months ended March 31,2024(1)20232024(1)2023Revenues$40,478 $16,457 $74,444 $44,428 Cost of revenues$16,533 $13,