Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2930

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 2930
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     (491
     )

      African Agriculture Holdings Inc. (NASDQ: AAGR) 

     (2,362
     )

     2,358

     (4,720
     )

      Brand Engagement Network, Inc. (NASDAQ: BNAI) 

     2,059

     (2
     )

     2,061

      Tevogen Bio Holdings, Inc. (NASDAQ: TVGN) 

     786

     (3
     )

     789

      Murano Global Investments Plc (NASDAQ: MRNO) 

     15,914

     (11
     )

     15,925

      Holdco Nuvo Group DG Ltd. (OTC: NUVOQ) 

     2,198

     (8
     )

     2,206

      Other 

     (1,576
     )

     (1,433
     )

     (143
     )

     $
     22,463

     $
     15,275

     $
     7,188

See note 12 to our consolidated financial statements included in this Annual Report on Form 10-K.

      50

Income Tax Expense / (Benefit) 

Income tax expense / (benefit) was ($329) for the year ended December 31, 2024, as compared to $5,545 for the year ended December 31, 2023.  See note 23 to our consolidated financial statements included in our Annual Report on Form 10-K.

﻿ 

The tax benefit recognized in 2024 was comprised of a deferred tax benefit of $677 and current tax expense of $348.  The current tax expense incurred was the result of foreign, state, and local income tax.  The deferred tax benefit was due to routine timing differences between recognition of income and expense items for GAAP and tax purposes.  

The tax expense recognized in 2023 was comprised of a deferred tax expense of $5,354 and current tax expense of $191.  The current tax expense incurred was the result of foreign, state, and local income tax.  The deferred tax expense was U.S. federal, state, and local tax expense, which was the result of the increase in the valuation allowance applied against the Company's carryforward tax assets.  

We have significant carryforward tax assets.  As of