Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 49

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 49
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 revenue.
    
   Agency repo income receivable represents income receivable on gestation repo trades.  See note 10.
    
   Miscellaneous other receivables represent other receivables that are of a short-term nature.
   ﻿ 
   Other assets consisted of the following.
    
   OTHER ASSETS
   (Dollars in Thousands)

       June 30, 2025    December 31, 2024  
 Deferred costs  $123  $93 
 Prepaid expenses   1,851   2,305 
 Deposits   780   714 
 Furniture, equipment, and leasehold improvements, net   2,201   1,975 
 Intangible assets   166   166 
 Other assets  $5,121  $5,253 

   ﻿ 
   Deferred costs are costs incurred pending reimbursement from a third party upon closing of a transaction. 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 that will be returned or offset upon satisfaction of a lease or other contractual arrangement.  See note 16 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended  December 31, 2024 for further discussion of the Company’s furniture, equipment, and leasehold improvements.  Intangible assets represent the carrying value of the Cohen Securities broker-dealer license. 
   ﻿ 

       34

   Accounts payable and other liabilities consisted of the following.
    
   ACCOUNTS PAYABLE AND OTHER LIABILITIES
   (Dollars in Thousands)

       June 30, 2025    December 31, 2024  
 Accounts payable  $1,075  $812 
 Accrued income tax   511   284 
 Accrued interest payable   631   651 
 Accrued interest on securities sold, not yet purchased   224   225 
 Payroll taxes payable   3,152   2,056 
 Cash collateral held from repo and or reverse repo counterparties   -   3,930 
 Accrued expense and other liabilities   2,780   2,955 
 Accounts payable and other liabilities  $8,373  $10