CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 112,105
|
$ 30,012
|
| Restricted cash |
3,294
|
51
|
| Securities owned, at fair value |
16,579
|
25,543
|
| Accounts receivable, net |
18,989
|
9,472
|
| Due from related parties |
3,009
|
409
|
| Advances against customer contracts |
427
|
5,013
|
| Goods held for sale or auction |
|
37
|
| Prepaid expenses and other current assets |
3,578
|
2,415
|
| Total current assets |
157,981
|
72,952
|
| Property and equipment, net |
5,785
|
592
|
| Goodwill |
48,903
|
34,528
|
| Other intangible assets, net |
41,166
|
4,768
|
| Deferred income taxes |
8,619
|
18,992
|
| Other assets |
2,164
|
588
|
| Total assets |
264,618
|
132,420
|
| Current liabilities: |
|
|
| Accounts payable |
2,703
|
1,123
|
| Accrued payroll and related expenses |
15,738
|
7,178
|
| Accrued value added tax payable |
6,371
|
1,785
|
| Income taxes payable |
9,691
|
740
|
| Accrued expenses and other liabilities |
18,505
|
5,392
|
| Deferred revenue |
4,130
|
346
|
| Due to related parties and partners |
10,037
|
166
|
| Securities sold not yet purchased |
846
|
713
|
| Acquisition consideration payable |
10,381
|
|
| Mandatorily redeemable noncontrolling interests |
4,019
|
2,994
|
| Revolving credit facility |
|
272
|
| Contingent consideration- current portion |
1,242
|
1,241
|
| Total current liabilities |
83,663
|
21,950
|
| Other liabilities |
2,863
|
|
| Senior notes payable |
27,700
|
|
| Contingent consideration, net of current portion |
|
1,150
|
| Total liabilities |
114,226
|
23,100
|
| Commitments and contingencies |
|
|
| B. Riley Financial, Inc. stockholders' equity: |
|
|
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued |
|
|
| Common stock, $0.0001 par value; 40,000,000 shares authorized; 19,140,342 and 16,448,119 issued and outstanding as of December 31, 2016 and 2015, respectively |
2
|
2
|
| Additional paid-in capital |
141,170
|
116,799
|
| Retained earnings (deficit) |
9,887
|
(6,305)
|
| Accumulated other comprehensive loss |
(1,712)
|
(1,058)
|
| Total B. Riley Financial, Inc. stockholders' equity |
149,347
|
109,438
|
| Noncontrolling interests |
1,045
|
(118)
|
| Total equity |
150,392
|
109,320
|
| Total liabilities and equity |
$ 264,618
|
$ 132,420
|