Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 179

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 2
Chunk 179
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. We act as an advisor to our clients, which at times involves complex transactions consistent with our value-oriented investment philosophy. We often provide consulting, capital raising, or investment banking services for companies in which B. Riley may have significant influence through equity ownership, representation on the board of directors (or similar governing body), or both.

In our Capital Markets segment we have a portfolio of loans receivable that consisted of the following at June 30, 2024 and December 31, 2023:

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Loans Receivable, at Fair ValueFair Value Adjustments on LoansThree Months EndedJune 30,Six Months EndedJune 30,Industry or Type of LoanJune 30,2024December 31, 20232024202320242023Related Party Loans:Vintage Capital Management, LLCRetail / consumer$32,121 $200,506 $(151,147)$— $(168,385)$— Freedom VCM Receivables, Inc.Consumer receivable portfolio25,827 42,183 (12,039)— (13,721)— Conn's, Inc. Retail / consumer82,305 104,760 (7,230)— (8,484)— W.S. Badcock CorporationConsumer receivable portfolio4,562 20,624 (7,396)— (6,845)— Other related party loansServices & Oil & Gas26,933 10,695 194 226 692 (1,546)Total related party171,748 378,768 (177,618)226 (196,743)(1,546)Other loans:Excela Technologies, Inc.Technology38,766 50,296 55 6,478 268 12,201 Core Scientific, Inc.Technology— 45,509 — 3,142 8,473 35,542 Other loansVarious18,685 57,846 1,981 (639)219 6,286 Total $229,199 $532,419 $(175,582)$9,207 $(187,783)$52,483 

The fair value adjustments on loans receivable for the three months ended June 30, 2024 and 2023 were $(175.6) million and $9.2 million, respectively. The fair value adjustments on loans receivable for the six months ended June 30, 2024 and 2023 was