Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 268

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 268
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 reported within
one reportable segment and constitutes the Company and its wholly-owned subsidiaries, all of which are inactive, which are reported
in the consolidated financial statements. The Company currently has no or nominal operations, no revenues from operations and is
considered a shell company, as defined in the U.S. securities laws and regulations.

The Company's chief operating decision maker (“CODM”) is
the Chief Executive Officer. The CODM evaluates the results and performance of the reporting segment and decides how to allocate resources
based on consolidated net loss which is reported on the Consolidated Statements of Operations. Additionally, the measure of segment assets
is reported on the Consolidated Balance Sheets as total assets.

The accounting policies for the reportable segment are the same as
those described above in the summary of significant accounting policies. The expenses and net loss for the one reportable segment are
the same as those presented on the Consolidated Statements of Operations. Significant expense categories, including compensation and benefits,
other operating expenses, and interest and other income, net are included on the Company's Consolidated Statements of Operations.

    3.
    New accounting standard

In November 2023, the Financial Accounting Standards
Board (“FASB”) issued guidance that expands segment disclosures for public entities, including requiring disclosure of significant
segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the
CODM and an explanation of how the CODM uses reported measures of segment profit or loss in assessing segment performance and allocating
resources. The new guidance also expands disclosures about a reportable segment’s profit or loss and assets in interim periods and
clarifies that a public entity may report additional measures of segment profit if the CODM uses more than one measure of a segment’s
profit or loss. The Company adopted the standard on effective for its annual report for the year ended December 31, 2024 with no impact
on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Improvements to Income
Tax Disclosures, which requires disaggregated information about our effective tax rate reconciliation as well as information on income
taxes paid. The guidance will first be effective in our annual disclosures for the year ending December 31, 2025, and should be applied
on a prospective basis with the option to apply retrospectively. Early adoption is permitted. The Company is in the process of assessing
the impact of ASU 2023-09