Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1650

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1650
---
ollars 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.
   ﻿ 
   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.
   ﻿   

        F-
       43

   17. ACCOUNTS PAYABLE AND OTHER LIABILITIES
   ﻿ 
   Accounts payable and other liabilities consisted of the following.
   ﻿ 
    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 
 Accrued interest on securities sold, not yet purchased   225   725 
 Payroll taxes payable   2,056   2,118 
 Cash collateral held from repo and or reverse repo counterparties   3,930   - 
 Accrued expense and other liabilities   2,955   3,528 
 Accounts payable and other liabilities  $10,913  $8,115 

   The redeemable financial instrument accrued interest represents accrued interest on the JKD Capital Partners I LTD redeemable financial instruments.  See notes 19 and 20.
    
   Cash collateral from repo and or reverse repo counterparties represents collateral received by