Company: IWSH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001214659-25-007745
Chunk: 8

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 8
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 are summarized by type below (in thousands).

    Cost  
    Gross Unrealized Gains  
    Gross Unrealized Losses  
    Fair Value 
  
    Mutual Funds 
    $914  
    $-  
    $-  
    $914 
  
    Total 
    $914  
    $-  
    $-  
    $914 

 8 

The Company
may be exposed to credit losses through its available-for-sale investments. An available-for-sale security is impaired when its fair
value declines below its amortized cost basis. Unrealized losses resulting from the amortized cost basis of any available-for-sale debt
security exceeding its fair value are evaluated for identification of credit losses. When evaluating the investments for impairment
at each reporting period, the Company reviews factors such as the extent of the unrealized loss, historical losses, current and future
economic market conditions, and financial condition of the issuer. As of March 31, 2025, the Company has not recognized an allowance
for expected credit losses related to its available-for-sale securities as the Company has not identified any unrealized losses for these
investments attributable to credit factors.

6.Income taxes

 No tax benefit
has been recorded in relation to the pre-tax loss for the three months ended March 31, 2025 and 2024, due to a full valuation allowance
to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses. As of March 31, 2025, the Company
had no material uncertain income tax positions.

7.Capital
Stock

The Company’s
Board of Directors, without any vote or action by the holders of common stock, is authorized to issue preferred stock from time to time
in one or more series and to determine the number of shares and to fix the powers, designations, preferences and relative, participating,
optional or other special rights of any series of preferred stock.

The Board
of Directors authorized the Company to repurchase up to 5,000,000 outstanding shares of common stock from time to time either
in open market or privately negotiated transactions. The Company did not repurchase any common stock during the three months ended
March 31, 2025 and March 31, 2024. At March 31, 2025 and 2024, the Company had repurchased 2,234,721 shares
of its common stock and a total of