Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 332

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 332
---
ber. The aggregate cash consideration paid by the buyers for the interests of GlassRatner and shares of Farber was $117,800, which is based on a target closing working capital amount that is subject to adjustment within 180-days following the sale date. In connection with the sale, the Company entered into a transition services agreement with the buyer to provide certain services. The major classes of assets and liabilities included in discontinued operations were as follows:

39

GlassRatner & FarberJune 30, 2025December 31, 2024Assets:Cash and cash equivalents$— $8,025 Accounts receivable, net— 19,704 Prepaid expenses and other assets2,221 9,222 Operating lease right-of-use assets— 2,258 Property and equipment, net— 275 Goodwill— 30,450 Other intangible assets, net— 439 Total assets$2,221 $70,373 Liabilities:Accounts payable$— $1,326 Accrued expenses and other liabilities830 14,359 Deferred revenue— 5 Contingent consideration— 3,092 Operating lease liabilities— 2,539 Total liabilities$830 $21,321 Revenues and income (loss) from discontinued operations for the three and six months ended June 30, 2025 and 2024 were as follows:Three Months EndedSix Months EndedJune 30, 2025June 30, 2025GlassRatner & FarberGlassRatner & FarberRevenues:Services and fees$19,465 $40,575 Operating expenses:Selling, general and administrative expenses16,592 34,205 Operating income2,873 6,370 Other income (expense):Interest income4 7 Gain on disposal of discontinued operations66,795 66,795 Income from discontinued operations before income taxes69,672 73,172 Provision for income taxes(360)(465)Income from discontinued operations, net of income taxes$69,312 $72,707 

40

Three Months Ended June 30, 2024Brands TransactionGreat American GroupGlassRatner & FarberTotalRevenues:Services and fees$4,962 $17,351 $22,803 $45,116 Sale of goods8,364 8,364 Total revenues4,962