Company: IWSH
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011922
Chunk: 9

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 9
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 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 June 30, 2025, 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.

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6.Income taxes

No tax benefit
has been recorded in relation to the pre-tax loss for the three and six months ended June 30, 2025 and 2024, due to a full valuation allowance
to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses. As of June 30, 2025, the Company
had no material uncertain income tax positions.

7.Capital Stock

The Company’s
Board of Directors, without any vote or action by the holders of common stock, is authorized to issue preferred stock from time to time
in one or more series and to determine the number of shares and to fix the powers, designations, preferences and relative, participating,
optional or other special rights of any series of preferred stock.

The Board
of Directors authorized the Company to repurchase up to 5,000,000 outstanding shares of common stock from time to time either
in open market or privately negotiated transactions. The Company did not repurchase any common stock during the six months ended June
30, 2025 and June 30, 2024. At June 30, 2025 and 2024, the Company had repurchased 2,234,721 shares of its common stock and
a total of 2,765,279 of the authorized shares, remained available for repurchase as of June 30, 2025.

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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Statement Regarding Forward-Looking
Statements

This report contains “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”).  The Private Securities Litigation Reform Act
of 1995 provides a “safe harbor” for forward looking statements. Forward-looking statements are not statements of historical
facts,