Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 463

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 463
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 value serve as collateral for this margin loan.  See note 8.

        F-
       23

   7. OTHER RECEIVABLES 
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   Other receivables consisted of the following.
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    OTHER RECEIVABLES 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 New issue fee and advisory fee receivable - gross  $3,408  $1,181 
 Allowance for credit losses   (2,250)  - 
 New issue fee and advisory fee receivable - net   1,158   1,181 
 Asset management fees receivable   2,183   1,085 
 Accrued interest receivable   1,595   1,689 
 Revenue share receivable   -   321 
 Agency repo income receivable   522   391 
 Miscellaneous other receivables   1,068   706 
 Other receivables  $6,526  $5,373 

   New issue and advisory fees receivable represent amounts owed to JVB 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.  During 2024, the Company recorded a provision for credit losses of $2,556, which is included as a component of professional fees and other operating expenses in the statement of operations and we fully wrote off $306 of receivables.  It is the Company's policy to fully write off the receivable and related allowance when it has abandoned collection efforts. 
    
   Asset management fees receivable are of a routine and short-term nature.  These amounts are generally accrued monthly and paid on a monthly or quarterly basis.
    
   Accrued interest receivable represents interest and dividends accrued on the Company’s investment securities included as a component of investments-trading or other investments, at