Company: IWSH
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011922
Chunk: 7

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 7
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 the assumptions that the Company develops based on available information about what
market participants would use in valuing the asset or liability.

An
asset or liability's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value
measurement. Availability of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining
fair value of assets and liabilities and Level 3 assets and liabilities involve greater judgment than Level 1 or Level 2 assets or liabilities.

As
of June 30, 2025 and December 31, 2024, the Company held investments in equity securities which consist of mutual funds of $1,464,000 and
$914,000, respectively. U.S. government securities are valued using a model that incorporates market observable data, such as reported
sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued principally using
dealer quotations. Mutual funds are valued at the closing price reported by the fund sponsor from an actively traded exchange. Mutual
funds are categorized in Level 1 of the fair value hierarchy, depending on the unadjusted quoted prices in active markets for identical
assets. The U.S. government debt securities, which have maturities of three months or less at time of purchase, are reported as Cash
and cash equivalents on the Condensed Consolidated Balance Sheet as of December 31, 2024. There were no U.S. government debt securities
as of June 30, 2025. There were no U.S. government debt securities with maturities of more than three months as of December 31, 2024.

Short-term
investments in marketable securities have a stated maturity of twelve months or less from the balance sheet date. These securities are
considered as available for sale and are reported at fair value. For debt securities, unrealized gains and losses are recorded net of
tax as a component of Accumulated other comprehensive income within stockholders' equity. Credit losses related to available-for-sale
debt securities are recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities.
Realized gains and losses are calculated based on the specific identification method and are included in Interest and other income,
net, in the Condensed Consolidated Statement of Operations.

 7 

The Company
follows the guidance in ASC 321, “Investments –