Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 168

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1C
Chunk 168
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 Second Lease Amendment provided for the Company to lease additional space in the building in conjunction with surrendering certain currently occupied premises. The Second Lease Amendment provided for the landlord, at its sole cost and expense and without charge to the Company, to perform certain work expressly set forth in the Second Lease Amendment. The commencement date for the new lease is defined in the Second Lease Amendment as the date the landlord delivers to the Company the additional space as defined in the Second Lease Amendment with the landlord's work substantially complete, which occurred in the fourth quarter of 2024.  The cash flow payments and related lease liability pertaining to the Second Lease Amendment are included in the table and amounts presented above.  See note 28.  

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   15. OTHER ASSETS 
   ﻿ 
   Other assets consisted of the following.
    
   ﻿ 
   ﻿ 
    OTHER ASSETS 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 Deferred costs  $93  $- 
 Prepaid expenses   2,305   1,328 
 Prepaid income taxes   -   235 
 Deposits   714   730 
 Furniture, equipment, and leasehold improvements, net   1,975   1,282 
 Intangible assets   166   166 
 Other assets  $5,253  $3,741 

   Deferred costs and prepaid expenses represent amounts paid for services that are being amortized over their expected period of use and benefit.  They are all routine and short-term in nature.  Deposits are amounts held by landlords or other parties, which will be returned or offset upon satisfaction of a lease or other contractual arrangement. Intangible assets represent the carrying value of the JVB broker-dealer license.

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   16. FURNITURE, EQUIPMENT, AND LEASEHOLD IMPROVEMENTS, NET 
   ﻿ 
   Furniture, equipment, and leasehold improvements, net, which are included as a component of other assets on the consolidated balance sheets, were as follows.
   ﻿ 
   ﻿ 
   ﻿ 
    FURNITURE, EQUIPMENT, AND LEASEHOLD IMPROVEMENTS, NET 
 (Dollars in Thousands) 

       Estimated Useful Lives (In Years)    December