Company: IWSH
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011922
Chunk: 12

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 12
---
 $7,000 and decreased professional fees of $2,000
during the three months ended June 30, 2025.

Interest and other income, net

For the three months ended June 30, 2025, Interest
and other income, net was $14,000 as compared to $36,000 for the three months ended June 30, 2024. The decreased interest and other income,
net of $22,000 was primarily the result of the lower yields related to the investments in mutual funds and lower balances of such investments
during the three months ended June 30, 2025.

Income taxes

For the three months
ended June 30, 2025 and 2024, the Company recorded no income tax expense from operations. No tax benefit has been recorded in relation
to the pre-tax loss for the three months ended June 30, 2025 and 2024, due to a full valuation allowance to offset any deferred tax asset
related to net operating loss carry forwards attributable to the losses. 

Six months ended June 30, 2025 compared to the six months ended
June 30, 2024

For the six months ended June 30, 2025, the Company
had a loss from operations of $500,000 compared to a loss from operations before income taxes of $452,000 for the six months ended June
30, 2024. 

The increased loss from operations of $48,000
was primarily a result of a decrease in Interest and other income, net of $57,000, offset by a decrease in other operating expenses of
$9,000 during the six months ended June 30, 2025.

Compensation and benefits

For the six months ended June 30, 2025 and 2024,
Compensation and benefits were $228,000.

Other operating expenses

For the six months ended June 30, 2025, Other
operating expenses were $317,000 as compared to $326,000 for the six months ended June 30, 2024. The decreased operating expenses of $9,000
were primarily the result of decreased travel and entertainment expenses of $11,000, decreased professional fees of $2,000, offset by
increased other expenses of $4,000.

Interest and other income, net

For the six months ended June 30, 2025, Interest
and other income, net was $45