Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1338

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1338
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, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
 
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
 
Critical audit matters 
 
Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.
 
/s/ GRANT THORNTON LLP
 
We have served as the Company’s auditor since 2001.
 
Philadelphia, Pennsylvania
March 12, 2025

    F-2

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PART I. FINANCIAL INFORMATION 

ITEM 1.  FINANCIAL STATEMENTS. 

COHEN & COMPANY INC. 

CONSOLIDATED BALANCE SHEETS 

(Dollars in thousands) 

      December 31,  
   2024    2023  
 Assets         
 Cash and cash equivalents  $19,590  $10,650 
 Receivables from brokers, dealers, and clearing agencies   45,650   66,801 
 Due from related parties   941   772 
 Other receivables   6,526   5,373 
 Investments-trading   148,332   181,328 
 Other investments, at fair value   35,262   72,217 
 Receivables under resale agreements   668,259   408,408 
 Investments in equity method affiliates   23,430   14,241 
 Deferred income taxes   2,257   1,580 
 Goodwill   109   109 
 Right-of-use asset - operating leases