Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 651

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 13
Chunk 651
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its 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.

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   16. FURNITURE, EQUIPMENT, AND LEASEHOLD IMPROVEMENTS, NET 
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   Furniture, equipment, and leasehold improvements, net, which are included as a component of other assets on the consolidated balance sheets, were as follows.
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    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.
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   The Company recognized depreciation and amortization expense of $556, $563, and $557 for the years ended  December 31, 2024, 2023, and 2022, respectively, as a component of depreciation and amortization on the consolidated statements of operations, all of which represented depreciation of furniture, equipment, and leasehold improvements.
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   17. ACCOUNTS PAYABLE AND OTHER LIABILITIES
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   Accounts payable and other liabilities consisted of the following.
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    ACCOUNTS PAYABLE AND OTHER LIABILITIES 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 Accounts payable  $812  $1,180 
 Redeemable financial instrument accrued interest   -   90 
 Accrued income tax   284   - 
 Accrued interest payable   651   474