Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 206

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 206
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, in management’s judgement, one is necessary for credit losses. The provision for credit losses is included as a component of professional fees and other operating expenses in the statement of operations. It is the Company's policy to fully write off the receivable and related allowance when it has abandoned collection efforts.  For the three months and six months ended  June 30, 2025,  the Company recorded a provision for credit loss of $203 and $678, respectively. No provision was recorded for the three- and six-month period ending 2024. The Company fully charged off $203 and $203 new issue and advisory fee receivables during the three and six months ended  June 30, 2025, respectively.
    
   Asset management fees receivable is of a routine and short-term nature. These amounts are generally accrued monthly and paid on a monthly or quarterly basis.
    
   Accrued interest and dividends receivable represents interest and dividends accrued on the Company’s investment securities included as a component of investments-trading or other investments, at fair value. Interest payable on securities sold, not yet purchased is included as a component of accounts payable and other liabilities in the table titled accounts payable and other liabilities below.
    
   Revenue share receivable represents the amount due to the Company for the Company’s share of a revenue arrangement generated from an entity in which the Company receives a share of the entity’s revenue.
    
   Agency repo income receivable represents income receivable on gestation repo trades.  See note 10.
    
   Miscellaneous other receivables represent other receivables that are of a short-term nature.
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   Other assets consisted of the following.
    
   OTHER ASSETS
   (Dollars in Thousands)

       June 30, 2025    December 31, 2024  
 Deferred costs  $123  $93 
 Prepaid expenses   1,851   2,305 
 Deposits   780   714 
 Furniture, equipment, and leasehold improvements, net   2,201   1,975 
 Intangible assets   166   166 
 Other assets  $5,121  $5,253 

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   Deferred costs are costs incurred pending reimbursement from a third party upon closing of a transaction. Prepaid expenses represent amounts paid for services that are being amortized over their expected period of use and benefit.