Company: IWSH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001214659-25-007745
Chunk: 7

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 7
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 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 in Mutual Funds 
    $1,450  
    $1,450  
    $-  
    $- 

    Fair Value Measurements as
                                            of December 31, 2024 

    Total  
    Quoted Prices in Active Markets for Identical Assets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Unobservable Inputs (Level 3) 
  
    Investments in Mutual Funds 
    $914  
    $914  
    $-  
    $- 

Investments
in equity securities as of March 31, 2025 are summarized by type below (in thousands).

    Cost  
    Gross Unrealized Gains  
    Gross Unrealized Losses  
    Fair Value 
  
    Mutual Funds 
    $1,450  
    $-  
    $-  
    $1,450 
  
    Total 
    $1,450  
    $-  
    $-  
    $1,450 

Investments
in equity securities as of December 31, 2024