Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 184

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 184
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 $1,440,000 and $125,000 at December 31, 2024 and 2023, respectively.

 17 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

Investment Valuation

The Company’s investments
in marketable securities consist of investments in debt securities which are U.S. Treasury bills, and equity securities which are mutual
funds. The Company carries its investments at fair value. Fair value is an estimate of the exit price, representing the amount that would
be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (i.e., the exit price
at the measurement date). Fair value measurements are not adjusted for transaction costs. A fair value hierarchy provides for prioritizing
inputs to valuation techniques used to measure fair value into three levels:

    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.

An asset or liability's level
within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Availability
of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining fair value of assets and
liabilities and Level 3 assets and liabilities involve greater judgment than Level 1 or Level 2 assets or liabilities.

As of December 31, 2024 and December 31,
2023, the Company held investments in equity securities which consist of mutual funds of $914,000 and $735,000, respectively. As of December
31, 2023, the Company held investments in U.S. government debt securities of $2,409,000. U.S. government securities are valued using a
model that incorporates market observable data, such as reported sales of similar securities, broker quotes, yields, bids, offers, and
reference data. Certain securities are valued principally using dealer quotations. Mutual funds and money market funds are valued at the
closing price reported by