10.25.2023 OMA Board Book

OBESITY MEDICINE ASSOCIATION Notes To Consolidated Financial Statements (Continued)

Investments consist of the following at December 31, 2022:

Cost

Market

Money market funds Equity securities Corporate bonds U.S. Treasury notes

$

813,731 $

813,731 2,324,664 1,134,014 814,600 630,313

2,288,557 1,233,799 874,093 733,989 689,048

Government agency bonds

Other investments

796,122 $ 6,633,217 $ 6,513,444

For the year ended December 31, 2022, investment return consists of the following: Other net investment income $ 148,806 Net unrealized/realized loss on investments (961,368) Investment Losses $ (812,562) The Financial Accounting Standards Board Accounting Standards Codification topic, Fair Value Measurements , defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This topic also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Organizations have the ability to access. Level 2 Inputs to the valuation methodology include:

• Quoted prices for similar assets or liabilities in active markets • Quoted prices for identical or similar assets or liabilities in inactive markets • Inputs other than quoted prices that are observable for the asset or liability

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