Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 339

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 339
---
. The Company had no income tax uncertainties at December 31, 2024 and 2023.

Concentrations of credit risk

Financial instruments that potentially subject the Company to significant
concentrations of credit risk consist principally of cash and investments. Investments in cash and money market funds are insured up to
$250,000 per depositor, per insured bank. Investments in U.S. Treasury Bills and mutual funds are insured up to $500,000. For the years
ended December 31, 2024 and 2023, a substantial portion of the Company’s investments in cash, and U.S. Treasury Bills and mutual
funds are in excess of these limits.

 19 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

Segment Disclosure

The Company's operations are reported within
one reportable segment and constitutes the Company and its wholly-owned subsidiaries, all of which are inactive, which are reported
in the consolidated financial statements. The Company currently has no or nominal operations, no revenues from operations and is
considered a shell company, as defined in the U.S. securities laws and regulations.

The Company's chief operating decision maker (“CODM”) is
the Chief Executive Officer. The CODM evaluates the results and performance of the reporting segment and decides how to allocate resources
based on consolidated net loss which is reported on the Consolidated Statements of Operations. Additionally, the measure of segment assets
is reported on the Consolidated Balance Sheets as total assets.

The accounting policies for the reportable segment are the same as
those described above in the summary of significant accounting policies. The expenses and net loss for the one reportable segment are
the same as those presented on the Consolidated Statements of Operations. Significant expense categories, including compensation and benefits,
other operating expenses, and interest and other income, net are included on the Company's Consolidated Statements of Operations.

    3.
    New accounting standard

In November 2023, the Financial Accounting Standards
Board (“FASB”) issued guidance that expands segment disclosures for public entities, including requiring disclosure of significant
segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the
CODM and an explanation of how the CODM uses reported measures of segment profit or loss in assessing segment performance and allocating
resources. The new guidance also expands disclosures about a reportable segment’s profit or loss and assets