Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 154

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 154
---
  
     (40)
  
    Balance at December 31, 2024 
     21,628,680  
    $216  
    $34,392  
    $(30,530) 
    $-  
    $(1,747) 
    $2,331 

See accompanying notes to consolidated financial
statements.

 15 

WRIGHT INVESTORS' SERVICE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

    Years Ended December 31, 

    2024  
    2023 
  
    Cash flows from operating activities 

    Net loss 
    $(920) 
    $(1,006)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Realized gain on investments 
     (63) 
     (6)
  
    Changes in other operating items: 

    Income tax receivable 
     -  
     73 
  
    Prepaid expenses and other current assets 
     13  
     3 
  
    Accounts payable and accrued expenses 
     32  
     (29)
  
    Net cash used in operating activities 
     (938) 
     (965)

    Cash flows from investing
activities 

    Proceeds from redemptions of investments 
     4,257  
     1,735 
  
    Purchase of investments 
     (2,004) 
     (735)
  
    Net cash provided by investing activities 
     2,253  
     1,000 

    Net increase in cash and cash equivalents 
     1,315  
     35 
  
    Cash and cash equivalents at the beginning of the year 
     125  
     90 
  
    Cash and cash equivalents at the end of the year 
    $1,440  
    $125 

    Supplemental disclosures of cash flow information 

    Net cash refunded during the year for income taxes 
    $-  
    $(73)
  
    Unrealized (loss) gain on available for sale securities 
    $(40) 
    $8 

See accompanying notes to consolidated financial
statements.

 16 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

    1.
    Description of activities