Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 3074

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 3074
---
SETS 
 (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.

        F-
       42

   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 31, 2024    December 31, 2023  
 Furniture and equipment   3 to 5  $4,150  $3,448 
 Leasehold improvements   5 to 10   756   560 
       4,906   4,008 
 Accumulated depreciation       (2,931)  (2,726)
 Furniture, equipment, and leasehold improvements, net      $1,975  $1,282 

   For the year ended  December 31, 2024, the Company wrote-off fully depreciated furniture, equipment, and leasehold improvements of $350.
   ﻿ 
   The Company recognized depreciation and amortization expense of $556, $563, and $557 for the years ended  December 31, 2024, 2023, and 2022, respectively