Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 50

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 50
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 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.

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   12. LEASES
   ﻿ 
   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.
   ﻿ 
   Rent expense is recognized on a straight-line basis over the lease term and is included in business development, occupancy, and equipment expense.
   ﻿ 
   As of  September 30, 2025, all of the leases to which the Company was a party were operating leases.  The weighted average remaining term of the leases was 8.5 years.  The weighted average discount rate for the leases was 6.03%. 
   ﻿ 
   Maturities of operating lease liability payments consisted of the following.
    
   FUTURE MATURITY OF LEASE LIABILITIES
   (Dollars in Thousands)

       September 30, 2025  
 2025 - remaining  $669 
 2026   2,876 
 2027   2,916 
 2028   2,826 
 2029   2,518 
 Thereafter   10,616 
 Total   22,421 
 Less imputed interest   (5,053)
 Lease obligation  $17,368 

   ﻿During the nine months ended  September 30, 2025 and 2024, total cash payments of $1,525 and $1,693, respectively, were recorded as a reduction in the operating lease obligation.  No cash payments were made to acquire right of use assets.
    
   For the three months ending  September 30, 2025 and 2024, rent expense, net of sublease income of $23 and $22, respectively, was