Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 211

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 211
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    Level 1
    Unadjusted quoted prices in active markets for identical assets or liabilities.

    Level 2
    Inputs other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company.

    Level 3
    Unobservable inputs. Unobservable inputs reflect 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 December 31, 2024 and December 31,
2023, the Company held investments in equity securities which consist of mutual funds of $914,000 and $735,000, respectively. As of December
31, 2023, the Company held investments in U.S. government debt securities of $2,409,000. 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 and money market funds are valued at the
closing price reported by the fund sponsor from an actively traded exchange. U.S. government securities are categorized in Level 2 of
the fair value hierarchy, depending on the inputs used and market activity levels for specific securities. 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, and those with longer maturities are reported as investments, on the Consolidated Balance Sheets as of December
31, 2024 and 2023.

Short-term investments in marketable
debt 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