Company: IWSH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001214659-25-007745
Chunk: 3

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 3
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 used in operating activities: 

    Realized gain on investments 
     (11) 
     (56)
  
    Changes in other operating items: 

    Prepaid expenses and other current assets 
     28  
     32 
  
    Accounts payable and accrued expenses 
     (5) 
     (3)
  
    Net cash used in operating activities 
     (244) 
     (246)

    Cash flows
from investing activities 

    Proceeds from redemptions and sale of investments 
     35  
     3,160 
  
    Purchase of investments 
     (560) 
     (550)
  
    Net cash (used in) provided by investing activities 
     (525) 
     2,610 

    Net (decrease) increase in cash and cash equivalents 
     (769) 
     2,364 
  
    Cash and cash equivalents at the beginning of the period 
     1,440  
     125 
  
    Cash and cash equivalents at the end of the period 
    $671  
    $2,489 

    Supplemental disclosures of cash flow information 

    Unrealized loss on available for sale securities 
    $-  
    $(40)

See accompanying notes to condensed consolidated
financial statements. 

 5 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Condensed Consolidated Financial Statements

Three months ended March 31, 2025 and 2024

(unaudited)

1.Basis of presentation and description of activities

Basis of presentation

The accompanying interim financial statements
have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information
and with the instructions to Form 10-Q and Article 8 of Regulation S-X.  The information and note disclosures normally included
in complete financial statements have been condensed or omitted pursuant to such rules and regulations.  The Condensed Consolidated
Balance Sheet as of December 31, 2024 has been derived from audited financial statements. These financial statements should be read in
conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2024 as presented in
our Annual Report on Form 10-K. In the opinion of management, this interim information includes all material adjustments, which are of
a normal and recurring nature, necessary for a fair