Company: IWSH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001214659-25-007745
Chunk: 6

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 6
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 the amount that would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market participants (i.e., the exit price at the measurement date).
Fair value measurements are not adjusted for transaction costs.

A
fair value hierarchy provides for prioritizing inputs to valuation techniques used to measure fair value into three levels:

    Level 1
    Unadjusted quoted prices in active markets for 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.

An
asset or liability's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value
measurement. Availability of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining
fair value of assets and liabilities and Level 3 assets and liabilities involve greater judgment than Level 1 or Level 2 assets or liabilities.

As of March
31, 2025 and December 31, 2024, the Company 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.

 7 

Short-term
investments in