Company: IWSH
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011922
Chunk: 19

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 19
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,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 $45,000 as compared to $102,000 for the six months ended June 30, 2024. The decreased interest and other income,
net of $57,000 was primarily the result of the lower yields related to the investments in U.S. Treasury securities and mutual funds and
lower balances of such investments during the six months ended June 30, 2025.

Income taxes

For the six 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 six 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. 

 11 

 Table of Contents

Financial condition

Liquidity and Capital Resources

At June 30, 2025, the Company had cash and cash
equivalents totaling $394,000 and investments in mutual funds totaling $1,464,000 which it intends
to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The
directors will also consider alternatives for distributing some or all of its cash and cash equivalents and investments to stockholders.
The Company believes that its working capital is sufficient to support its operating requirements through September 30, 2026.

Cash equivalents represent short-term, highly
liquid investments, which are readily convertible to cash and have maturities of three months or less at time of purchase. Please refer
to note 5 of the Notes to Condensed Consolidated Financial Statements for classification of Investments.

The decrease in cash and cash equivalents of $1,046,000
for the six months ended June 30, 2025 was primarily the result of $496,000