Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 85

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 85
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 Operating expense (income)                 
 Columbus Circle SPAC   (10)  (26)  16   (52)
  $(10) $(26) $16  $(52)
 Interest expense (income)                 
 JKD Investor  $288  $234  $574  $720 
  $288  $234  $574  $720 

   ﻿ The following related party transactions are not included in the table above.
    
   D.  Directors and Employees 
    
   On  October 1, 2024, the Company assumed the final year obligation of a three-year corporate aircraft program arrangement from the Company's executive chairman, Daniel G. Cohen.  The cost of the final year obligation is $1,208.  The arrangement allows for an allotted number of hours of air travel on select aircraft. The Company intends to use the air travel for general business purposes. During the three months ended  June 30, 2025 and 2024, the Company recognized $82 and $0, respectively, of amortization expense on this arrangement. During the six months ended  June 30, 2025 and 2024, the Company recognized $286 and $0, respectively, of amortization expense on this lease. The amortization expense on this arrangement is recorded in business development, occupancy, and equipment expense in the consolidated statement of operations.
    
   From time to time, the Company purchases produce from Grand Cru Farm as a benefit to its employees.  Grand Cru Farm is owned by Daniel G. Cohen.  The Company purchased $4 and $0 from Grand Cru Farm during the three months ended  June 30, 2025 and 2024, respectively.  The Company purchased $15 and $0 from Grand Cru Farm during the six months ended  June 30, 2025 and 2024, respectively. 
    
   The Company has entered into employment agreements with Daniel G. Cohen and Joseph W. Pooler, Jr., the Company's chief financial officer.  The Company has entered into its standard indemnification agreement with each of its directors and executive officers. 
    
   The Company maintains a 401(k)-savings plan covering substantially all of its employees.  The Company matches 50%