Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 334

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 334
---

    Net increase in cash and cash equivalents 
     1,315  
     35 
  
    Cash and cash equivalents at the beginning of the year 
     125  
     90 
  
    Cash and cash equivalents at the end of the year 
    $1,440  
    $125 

    Supplemental disclosures of cash flow information 

    Net cash refunded during the year for income taxes 
    $-  
    $(73)
  
    Unrealized (loss) gain on available for sale securities 
    $(40) 
    $8 

See accompanying notes to consolidated financial
statements.

 16 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

    1.
    Description of activities

Wright Investors’ Service Holdings, Inc. (the “Company”)
has nominal operations and nominal assets aside from its cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds,
and is therefore considered a shell company, as defined in U.S. securities laws and regulations. The Company is not engaged in the business
of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities.

The Company intends to
evaluate and explore all available strategic options. The Company will continue to work to maximize stockholder value. Such strategic
options may include acquisition of an investment advisory business, acquisition of a financial services business, creating partnerships
or joint ventures for those or other businesses and investing in other businesses that provide attractive opportunities for growth. The
directors will also consider alternatives for distributing some or all of the Company’s cash and cash equivalents, and investments.
Until such time as a decision is made as to how the liquid assets of the Company are so deployed, the Company intends to invest its liquid
assets in high-grade, short- term investments (such as cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds)
consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.

The Company may be classified
as an inadvertent investment company if the Company acquires investment securities in excess of 40% of its total assets (exclusive of
government securities, and cash and certain cash equivalents). As of December 31, 2024, the Company is not considered an inadvertent investment
company.

    2.
    Summary of significant accounting policies

Principles of consolidation.