Horizon Kinetics Holding Corp. 10-Q Filing

TL;DR

Horizon Kinetics 10-Q filed. Financials updated for Q3 2024.

AI Summary

Horizon Kinetics Holding Corp. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Scott's Liquid Gold Inc., is incorporated in Delaware and operates in the perfumes, cosmetics & other toilet preparations sector. Its business address is 470 Park Ave S., New York, NY 10016.

Why It Matters

This filing provides a quarterly update on the financial health and operations of Horizon Kinetics Holding Corp., crucial for investors to assess performance and make informed decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial information, not indicating immediate or significant risks.

Key Numbers

• 20240930 — Reporting Period End Date (Indicates the end of the fiscal quarter for this filing.)
• 20241112 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Horizon Kinetics Holding Corp (company) — Filer
• Scott's Liquid Gold Inc. (company) — Former company name
• 470 Park Ave S., New York, NY 10016 (location) — Business and mailing address
• 2844 (SIC_code) — Standard Industrial Classification for Perfumes, Cosmetics & Other Toilet Preparations

FAQ

Key Financial Figures

• $0.10 — 18,635,321 shares of its common stock, $0.10 par value per share, outstanding. CAU

Filing Documents

• slgdd-20240930.htm (10-Q) — 1860KB
• slgdd-ex31_1.htm (EX-31.1) — 11KB
• slgdd-ex31_2.htm (EX-31.2) — 11KB
• slgdd-ex32_1.htm (EX-32.1) — 6KB
• slgdd-ex32_2.htm (EX-32.2) — 6KB
• 0000950170-24-125625.txt ( ) — 9513KB
• slgdd-20240930.xsd (EX-101.SCH) — 984KB
• slgdd-20240930_htm.xml (XML) — 2375KB

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3. Qualitative and Quantitative Disclosure About Market Risk 28 Item 4.

Controls and Procedures

Controls and Procedures 28 PART II Item 1A.

Risk Factors

Risk Factors 29 Item 6. Exhibits 29 2 P ART I

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS . HORIZON KINETICS HOLDING CORPORATION Con densed Consolidated Statements of Financial Condition (in thousands) September 30, December 31, 2024 2023 (Unaudited) Assets Cash and cash equivalents $ 18,071 $ 10,477 Fees receivable 6,948 4,453 Investments, at fair value 74,852 37,620 Investments in proprietary funds 177,912 103,962 Operating lease right-of-use assets 5,593 5,651 Property and equipment, net 114 200 Prepaid expenses and other assets 3,037 1,882 Due from affiliates 116 2,660 Digital assets 9,029 1,829 Intangible assets, net 45,019 43,876 Goodwill 24,425 19,273 Total Assets $ 365,116 $ 231,883 Liabilities and Shareholders' Equity Liabilities: Accounts payable, accrued expenses and other $ 8,056 $ 3,839 Accrued third party distribution expenses 427 1,022 Deferred revenue 191 70 Deferred tax liability, net 73,640 617 Due to affiliates 9,429 9,966 Operating lease liability 8,001 7,281 Total Liabilities 99,744 22,795 Commitments and contingencies (Note 12) Shareholders' Equity Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding - - Common stock; $ 0.10 par value, authorized 50,000 shares; issued and outstanding 18,635 shares (2024) and 17,984 shares (2023), net of treasury stock; 1 and 0 shares at September 30, 2024 and December 31, 2023, respectively 1,863 1,798 Additional paid-in capital 39,217 - Retained earnings 224,292 207,290 Total Shareholders' Equity 265,372 209,088 Total Liabilities and Shareholders' Equity $ 365,116 $ 231,883 The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements 3 HORIZON KINETICS HOLDING CORPORATION Cond ensed Consolidated Statements of Operations (Unaudited) (in thousands) Three Months Ended September 30, Nine Mo

View Full Filing

View this 10-Q filing on SEC EDGAR