Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 51

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 51
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$687 and $687, respectively.  For the nine months ended  September 30, 2025 and 2024, rent expense, net of sublease income of $69 and $68, respectively, was $2,001 and $1,969, respectively.

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   13. OTHER RECEIVABLES, OTHER ASSETS, ACCOUNTS PAYABLE AND OTHER LIABILITIES
   ﻿ 
   Other receivables consisted of the following.
    
   OTHER RECEIVABLES
   (Dollars in Thousands)

       September 30, 2025    December 31, 2024  
 New issue fee and advisory fee receivable - gross  $5,442  $3,408 
 Allowance for credit losses   (2,725)  (2,250)
 New issue fee and advisory fee receivable - net   2,717   1,158 
 Asset management fees receivable   2,632   2,183 
 Accrued interest and dividend receivable   992   1,595 
 Revenue share receivable   586   - 
 Agency repo income receivable   667   522 
 Miscellaneous other receivables   860   1,068 
 Other receivables  $8,454  $6,526 

   ﻿ 
   New issue and advisory fees receivable represents amounts owed to Cohen Securities from various counterparties for services rendered.  New issue and advisory revenue is recognized when the Company’s performance obligations have been satisfied, and collectability is reasonably assured.  However, in certain cases, collectability becomes doubtful at a later date.  At each reporting period, the Company assesses the collectability of its new issue and advisory receivables. Each receivable is unique and does not share similar characteristics to be pooled so they are evaluated on an individual basis. The Company records an allowance when, in management’s judgement, one is necessary for credit losses. The provision for credit losses is included as a component of professional fees and other operating expenses in the statement of operations. It is the Company's policy to fully write off the receivable and related allowance when it has abandoned collection efforts.  For the three months and nine months ended  September 30, 2025, the Company recorded a provision for credit loss of $0 and