Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 293

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 293
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 to credit factors.

Investment in undeveloped land

The Company owns certain non-strategic assets,
including an investment in land and certain flowage rights in undeveloped property (the “properties”) primarily located Killingly,
Connecticut. The properties were fully impaired as of December 31, 2018.

Per share data

Loss per share for the year ended December
31, 2024 and 2023, respectively, is calculated based on 20,620,711 weighted average outstanding shares of common stock.

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 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. The Company had no income tax uncertainties at December 31, 2024 and 2023.

Concentrations of credit risk

Financial instruments that potentially subject the Company to significant
concentrations of credit risk consist principally of cash and investments. Investments in cash and money market funds are insured up to
$250,000 per depositor, per insured bank. Investments in U.S. Treasury Bills and mutual funds are insured up to $500,000. For the years
ended December 31, 2024 and 2023, a substantial portion of the Company’s investments in cash, and U.S. Treasury Bills and mutual
funds are in excess of these limits.

 19 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

Segment Disclosure

The Company's operations are reported within
one reportable segment and constitutes the Company