Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1115

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 1115
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    FUTURE MATURITY OF LEASE LIABILITIES 
 (Dollars in Thousands) 

       December 31, 2024  
 2025  $2,051 
 2026   2,437 
 2027   2,458 
 2028   2,471 
 2029   2,400 
 Thereafter   10,274 
 Total   22,091 
 Less imputed interest   (5,516)
 Lease obligation  $16,575 

   During the twelve months ended  December 31, 2024 and 2023, total cash payments of $1,948 and $2,700, respectively, were recorded as a reduction in the operating lease obligation.  No cash payments were made to acquire right of use assets.
    
   In  December 2023, the Company executed a second amendment ("Second Lease Amendment") to its 3 Columbus Circle LLC original lease agreement. The 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 
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   Other assets consisted of the following.
    
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    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