Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 213

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 213
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 $914  
    $-  
    $-  
    $914 

Investments
in debt and equity securities as of December 31, 2023 are summarized by type below (in thousands). 

    Amortized Cost / Cost  
    Gross Unrealized Gains  
    Gross Unrealized Losses  
    Fair Value 
  
    U.S. Treasury bills 
    $2,369  
    $40  
    $-  
    $2,409 
  
    Mutual Funds 
     735  
     -  
     -  
     735 
  
    Total 
    $3,104  
    $40  
    $-  
    $3,144 

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 December 31, 2024, 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.

Investment in undeveloped land

The Company owns certain non-strategic assets,
including an investment in land and certain flowage rights in undeveloped property (the “properties”) primarily located Killingly,
Connecticut. The properties were fully impaired as of December 31, 2018.

Per share data

Loss per share for the year ended December
31, 2024 and 2023, respectively, is calculated based on 20,620,711 weighted average outstanding shares of common stock.

Income taxes

Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to carryforwards and to differences between the financial statement carrying amounts
of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax
rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax