Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 176

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 176
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 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.

Results of Operations

Year ended December 31, 2024 compared to
the year ended December 31, 2023

For the year ended December 31, 2024, the Company had a net loss of
$920,000 compared to a net loss of $1,006,000 for the year ended December 31, 2023.   

The decreased loss of $86,000 was primarily the
result of a decrease in Other operating expenses of $87,000, a decrease in Compensation and benefits of $6,000, and an decrease in Interest
and other income of $7,000.

 Other operating expenses

For the year ended December 31, 2024, Other operating
expenses were $627,000 as compared to $714,000 for the year ended December 31, 2023. The decreased operating expenses of $87,000
were primarily the result of decreased fees related to the repair and maintenance of Company owned dam properties of $71,000, decreased
travel and entertainment expenses of $26,000, and decreased other expenses of $11,000, offset by increased professional fees of $21,000. The
dam properties were fully impaired as of December 31, 2018.

Interest and other income

For the year ended December 31, 2024, Interest and other income was
$159,000 as compared to $166,000 for the year ended December 31, 2023. The decreased interest and other income, including net realized
gains and losses on U.S. Treasury bills, of $7,000 was primarily the result of the lower yields related to the investments in U.S. Treasury
securities and mutual funds and lower balances of such investments during the year ended December 31, 2024.

Income taxes

For the years ended December
31, 2024 and 2023, the Company recorded no income tax expense.

The Company recorded
a full valuation allowance against its