Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1688

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1688
---
,293   -   4,293   3,862   -   3,862 
 Federal capital loss carryforward   12,020   -   12,020   12,567   -   12,567 
 Disallowed interest expense carryforward   885   -   885   925   -   925 
 Unrealized gain on debt   -   (5,712)  (5,712)  -   (5,716)  (5,716)
 Investment in Operating LLC   13,141   -   13,141   13,225   -   13,225 
 Other   1,000   (5)  995   306   252   558 
 Gross deferred tax asset / (liability)   50,773   (5,717)  45,056   51,141   (5,464)  45,677 
 Less: valuation allowance   (42,799)  -   (42,799)  (44,097)  -   (44,097)
 Net deferred tax asset / (liability)  $7,974  $(5,717) $2,257  $7,044  $(5,464) $1,580 

   As of  December 31, 2024, the Company had a federal net operating loss (“NOL”) of approximately $92,543, which will be available to offset future taxable income, subject to limitations described below. If not used, this NOL will begin to expire in 2028. The Company also had net capital losses (“NCLs”) in excess of capital gains of $57,239 as of  December 31, 2024, which can be carried forward to offset future capital gains, subject to the limitations described below. If not used, this carryforward will begin to expire in 2024. No assurance can be made that the Company will have future taxable income or future capital gains to benefit from its NOL and NCL carry forwards.
   ﻿ 
   The Company has determined that its NOL and NCL carry forwards are not currently limited by Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). However, the Company