Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 42

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 42
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 If these SPAC sponsor entities are unsuccessful in completing a business combination and the underlying SPAC liquidates, the Company will likely receive no distributions in kind or in cash related to these investments and the remaining balances will be recorded as a component of loss from equity method investments in the consolidated statement of operations.
    
   The following tables show certain summary financial data of all the Company's equity method investees. These amounts include all equity method investees whether accounted for under the equity method or at fair value. All information is presented on a combined basis.

       March 31, 2025    December 31, 2024 
 Total Assets  $557,826  $620,512
        
 Liabilities  $272,095  $317,160
 Equity allocable to the controlling interest   285,606   303,227
 Noncontrolling interest   125   125
 Total Equity   285,731   303,352
 Total Liabilities & Equity  $557,826  $620,512
        
   Three months ending 
   March 31,    March 31, 
   2025    2024 
        
 Net income/(loss)  $3,089  $37,684
 Net income/(loss) attributable to the investee  $3,089  $37,684

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   12. LEASES
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   The Company leases office space and certain computers and related equipment.  From time to time, the Company subleases office space to other tenants.  Under the requirements of ASC 842, the Company determines if an arrangement is a lease at the inception date of the contract. Then, the Company measures the lease liability using an incremental borrowing rate that was calculated for each operating lease based on the term of the lease, the U.S. Treasury term interest rate, and an estimated spread to borrow on a secured basis.
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   Rent expense is recognized on a straight-line basis over the lease term and is included in business development, occupancy, and equipment expense.
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   As of  March 31, 2025, all of the leases to which the Company was a party were operating leases.  The weighted average remaining term of the leases was 9.2 years.  The weighted average discount rate for the leases was 5.97%. 
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