Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2739

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 2739
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 requirement by June 30, 2027.  Early adoption in not permitted. We are currently evaluating the new guidance to determine the impact it may have on our consolidated financial statements, which, is not expected to be material.

         In December 2023, the FASB issued ASU 2023-09, 
         Income Taxes (Topic 740
         ). The amendments in this ASU address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The amendments in this ASU are effective for annual periods beginning after December 15, 2024 and should be applied on a prospective basis. Retrospective application is permitted. We are currently evaluating the new guidance to determine the impact it may have on our consolidated financial statements.

         In March 2024, the FASB issued ASU 2024-01, 
         Compensation—
         Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards. The ASU provides an illustrative example intended to demonstrate how entities that account for profits interest and similar awards would determine whether a profits interest award should be accounted for as share-based payment arrangements in accordance with FASB Accounting Standards Codification (FASB ASC) 718,
         Compensation-Stock Compensation.  The ASU is effective for public business entities for annual periods beginning after December 15, 2024 and interim periods with those annual periods. We are currently evaluating the new guidance to determine the impact it may have on our consolidated financial statements.

         In March 2024, the FASB issued ASU 2024-02, 
         Codification Improvements —
          Amendments to Remove References to the Concepts Statements. The ASU amends the Codification to remove references to various concepts statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior Statements to provide guidance in certain topical areas. The ASU is effective for public business entities for annual periods beginning after December 15, 2024. We do not expect the adoption of this ASU to have a significant impact on our consolidated financial statements.

         In November 2024, the FASB issued ASU 2024-03, 
         Income Statement —
          Reporting Comprehensive Income 
         Expense