Company: IWSH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001214659-25-007745
Chunk: 21

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 21
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 held investments in equity securities which consist of mutual funds of $1,450,000 and $914,000,
respectively. 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 are valued at the closing price reported by the fund sponsor from an actively traded exchange. Mutual funds are categorized
in Level 1 of the fair value hierarchy, depending on the unadjusted quoted prices in active markets for identical assets. The U.S. government
debt securities, which have maturities of three months or less at time of purchase, are reported as Cash and cash equivalents on
the Condensed Consolidated Balance Sheet as of December 31, 2024. There were no U.S. government debt securities as of March 31,
2025. There were no U.S. government debt securities with maturities of more than three months as of December 31, 2024.

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 Table of Contents

Short-term
investments in marketable securities have a stated maturity of twelve months or less from the balance sheet date. These securities are
considered as available for sale and are reported at fair value. For debt securities, unrealized gains and losses are recorded net of
tax as a component of Accumulated other comprehensive income within stockholders' equity. Credit
losses related to available-for-sale debt securities are recorded through an allowance for credit losses rather than as a reduction in
the amortized cost basis of the securities. Realized gains and losses are calculated based on the specific
identification method and are included in Interest and other income, net, in the Condensed Consolidated Statement of Operations.

The
Company follows the guidance in ASC 321, “Investments – Equity Securities” (“ASC 321”) for its investments
in equity securities with unrealized and realized gains and losses recorded in Interest and other income, net, on the Condensed Consolidated
Statements of Operations.

The
following table presents the Company’s financial instruments at fair value (in thousands):

    Fair Value Measurements as of March 31, 2025 

    Total  
    Quoted Prices in Active Markets for Identical Assets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Unobservable Inputs (Level 3) 
  
    Investments