Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2337

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 4
Chunk 2337
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 $6,526  $5,373 

   New issue and advisory fees receivable represent amounts owed to JVB from various counterparties for services rendered.  New issue and advisory revenue is recognized when the Company’s performance obligations have been satisfied, and collectability is reasonably assured.  However, in certain cases, collectability becomes doubtful at a later date.  At each reporting period, the Company assesses the collectability of its new issue and advisory receivables.  Each receivable is unique and does not share similar characteristics to be pooled so they are evaluated on an individual basis.  The company records an allowance when, in management’s judgement, one is necessary for credit losses.  During 2024, the Company recorded a provision for credit losses of $2,556, which is included as a component of professional fees and other operating expenses in the statement of operations and we fully wrote off $306 of receivables.  It is the Company's policy to fully write off the receivable and related allowance when it has abandoned collection efforts. 
    
   Asset management fees receivable are of a routine and short-term nature.  These amounts are generally accrued monthly and paid on a monthly or quarterly basis.
    
   Accrued interest 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. See note 17.
    
   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 11.
    
   Miscellaneous other receivables are receivables that are of a short-term nature.
   ﻿  

        F-
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   8. FINANCIAL INSTRUMENTS 
   ﻿ 
   Investments—Trading 
   ﻿ 
   Investments-trading consisted of the following.
    
   ﻿ 
    INVESTMENTS - TRADING 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 Corporate bonds and redeemable preferred stock  $27,043  $53,657 
 Derivatives   4