Company: IWSH
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011922
Chunk: 28

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 28
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 avoidance of speculation.

The Company
may be classified as an inadvertent investment company if the Company acquires investment securities in excess of 40% of the Company’s
total assets (exclusive of government securities). As of June 30, 2025, the Company is not considered an inadvertent investment company.

2.Per share data

Loss per share for the three and six months ended
June 30, 2025 and 2024 is calculated based on 20,620,711 weighted average outstanding shares of common stock. The Company had no dilutive
or potentially dilutive securities during the periods presented.

3.Segment Disclosure

The Company's operations are reported within one reportable
segment and constitutes the Company and its wholly-owned subsidiaries, all of which are inactive, which are reported in the condensed
consolidated financial statements. The Company currently has no or nominal operations, no revenues from operations and is considered a
shell company, as defined in the U.S. securities laws and regulations.

The Company's chief operating decision maker (“CODM”)
is the Chief Executive Officer. The CODM evaluates the results and performance of the reporting segment and decides how to allocate resources
based on condensed consolidated net loss which is reported on the Condensed Consolidated Statements of Operations. Additionally, the measure
of segment assets is reported on the Condensed Consolidated Balance Sheets as total assets.

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 Table of Contents

The accounting policies for the reportable segment are the same as those described above in the summary of significant accounting policies. The expenses and net loss for the one reportable segment are the same as those presented on the Condensed Consolidated Statements of Operations. Significant expense categories, including compensation and benefits, other operating expenses, and interest and other income, net are included on the Company's Condensed Consolidated Statements of Operations.

4.New accounting standards

In November 2023, the Financial Accounting Standards
Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Improvements to Income Tax Disclosures, which
requires entities to disclose disaggregated information about their effective tax rate reconciliations as well as expanded information
on income taxes by jurisdiction. The standard is effective for fiscal years beginning after December 15, 2024, on a prospective basis.
The Company discloses its income tax rate reconciliation in its annual consolidated financial statements only and does not expect the
adoption to have a material impact on its consolidated financial statements.

In November 2024