Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 14

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 14
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, did not have an effect on the Company’s consolidated financial statements.
    
   In  March 2025, the FASB issued ASU 2025-02, Liabilities (405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122, which  amends an SEC paragraph noted in the Codification pursuant to the issuance of SEC Staff Accounting Bulletin No. 122 which removes the text of SAB Topic 5 FF, Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for its Platform Users. The ASU is effective immediately. The Company's adoption of the provisions of ASU 2024-02, effective  January 1, 2025, did not have an effect on the Company’s consolidated financial statements.

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   B. Recent Accounting Developments 
    
   In  November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types of expenses included in the expense captions presented in the income statements.  The ASU is effective for all entities for annual reporting periods beginning after  December 15, 2026 and interim reporting periods beginning after  December 15, 2027, which was clarified in ASU 2025-01. The Company is currently evaluating the new guidance to determine the impact it  may have on its consolidated financial statements. 
    
   In  November 2024, the FASB issued ASU 2024-04, Debt— Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion or extinguishment of convertible debt. The ASU is effective for annual reporting periods beginning after  December 15, 2025, and interim periods within those annual periods. The Company is currently evaluating the new guidance to determine the impact it  may have on its consolidated financial statements.
    
   In  May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805