Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 63

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 63
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 debt securities of $705,000, and short-term investments in mutual
funds totaling $914,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s
general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents
and investments to stockholders. The Company believes that its working capital is sufficient to support its operating requirements through
March 31, 2026.

The increase in cash and cash equivalents of $1,315,000 for the year
ended December 31, 2024 was primarily the result of $938,000 used in operating activities and proceeds from redemptions of investments
in U.S. Treasury Bills and mutual funds of $4,257,000, offset by the purchase of mutual funds of $2,004,000.

 8 

Item 7A. Quantitative and Qualitative
Disclosures About Market Risk.

Not required.

 9 

Item 8.  FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA.

Index to the Consolidated Financial Statements

Financial Statements of Wright Investors’
Service Holdings, Inc.

    Page       Report of Independent Registered Public Accounting Firm – (PCAOB ID: 274) 11         Consolidated Balance Sheets - December 31, 2024 and 2023 12        Consolidated Statements of Operations - Years ended December 31, 2024 and 2023   13         Consolidated Statements of Comprehensive Loss – Years ended December 31, 2024 and 2023 14         Consolidated Statements of Changes in Stockholders’ Equity – Years ended December 31, 2024 and 2023 15       Consolidated Statements of Cash Flows - Years ended December
31, 2024 and 2023 16       Notes to Consolidated Financial Statements 17 

 10 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and Stockholders of

Wright Investors' Service Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Wright
Investors' Service Holdings, Inc. (the “Company”) as of December 31, 2024 and 2023, and the related consolidated statements
of operations, comprehensive loss, changes in stockholders