Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 202

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 202
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abilities 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 rates is recognized in income in the period that includes the enactment
date.

The accounting for uncertain
tax positions guidance requires that the Company recognize the financial statement benefit of a tax position only after determining that
the Company would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold,
the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized
upon ultimate settlement with the relevant tax authority. The Company recognizes interest and penalties on income taxes, including those
related to uncertain tax positions as interest and other expenses, respectively. See Note 5 to the Consolidated Financial Statements
for further information regarding the Company’s income taxes.

Fair value measurements

Fair
value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal
or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date.
A three-level fair value hierarchy is required to prioritize the inputs used to measure fair value. The three levels of the fair value
hierarchy are described as follows:

Level
1 – Unadjusted quoted prices in active markets for identical assets or liabilities.

Level
2 – Inputs other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable
inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data
obtained from sources independent of the Company.

Level
3 – Unobservable inputs. Unobservable inputs reflect the assumptions that the Company develops based on available information about
what market participants would use in valuing the asset or liability.

Results of Operations

Year ended December 31, 2024 compared to
the year ended December 31, 2023

For the year ended December 31, 2024, the Company had a net loss of
$920,000 compared to a net loss of $1,006,000 for the year ended December 31, 2023.   

The decreased loss of $86,000