Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 207

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 207
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 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. 
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   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  $10,913 

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   14. VARIABLE INTEREST ENTITIES
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   As a general matter, a reporting entity must consolidate a variable interest entity (“VIE”) when it is deemed to be the primary beneficiary.  The primary beneficiary is the entity that has both (a) the power to direct the matters that most significantly impact the VIE’s financial performance and (b) a significant variable interest in the VIE.
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   Consolidated VIEs
    
   The Company determined it was the primary beneficiary of several VIEs and, therefore, has consolidated them.  The following table provides certain information regarding the consolidated VIEs.
    
   CARRYING VALUE OF CONSOLIDATED VARIABLE INTEREST ENTITIES
   (Dollars in Thousands)

       June 30, 2025    December 31, 2024  
 Cash and cash equivalents  $27  $59 
 Other receivables   -   19 
 Receivables from brokers, dealers