Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 313

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 313
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 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 December 31, 2024 and December 31,
2023, the Company held investments in equity securities which consist of mutual funds of $914,000 and $735,000, respectively. As of December
31, 2023, the Company held investments in U.S. government debt securities of $2,409,000. 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 and money market funds are valued at the
closing price reported by the fund sponsor from an actively traded exchange. U.S. government securities are categorized in Level 2 of
the fair value hierarchy, depending on the inputs used and market activity levels for specific securities. 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, and those with longer maturities are reported as investments, on the Consolidated Balance Sheets as of December
31, 2024 and 2023.

Short-term investments in marketable
debt 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 Consolidated
Statements of Operations.

The Company follows the guidance
in ASC