Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 118

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 118
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, any particular industry or sector.  Prior to this use, the Company’
anticipate will continue to be, invested in high-grade, short-term investments (such as cash and cash equivalents, U.S. Treasury Bills,
and mutual funds) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation, until such time
as the Company needs to utilize such funds, or any portion thereof, for the purposes described above. The directors will also consider
alternatives for distributing some or all of its cash and cash equivalents, and investments to stockholders (see Note 1 to the Consolidated
Financial Statements). 

Investments

Investment in undeveloped properties.

The Company owns certain non-strategic assets,
which includes an investment in land and certain flowage rights in undeveloped property (the “properties”) primarily located
in Killingly, Connecticut, which were fully impaired as of December 31, 2018, due to the Company's belief that the value of the land is
nominal as there is no active market for sale of such land. The Company and its representatives continue to discuss a proposed ownership
transfer with interested parties.

Management discussion of critical accounting
policies

The following discussion and analysis of the financial
condition and results of operations are based on the consolidated financial statements and notes to consolidated financial statements
contained in this report that have been prepared in accordance with the rules and regulations of the SEC and include all the disclosures
normally required in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in
the United States of America. The preparation of these financial statements requires us to make estimates that affect the reported amounts
of assets, liabilities, and expenses, and related disclosures of contingent assets and liabilities. We base these estimates on historical
results and various other assumptions believed to be reasonable, all of which form the basis for making estimates concerning the carrying
values of assets and liabilities that are not readily available from other sources. Actual results may differ from these estimates.

Certain of our accounting policies require higher
degrees of judgment than others in their application. These include accounting for income taxes and fair value measurements of investments
which are summarized below.

 7 

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