# HAROLD H. OSHIMA X-17A-5 (2022-03-22) — Broker-dealer annual report - Company: HAROLD H. OSHIMA - Form: X-17A-5 - Filed: 2022-03-22 - Period: 2021-12-31 - Accession: 0000700368-22-000002 - CIK: 700368 - File #: 8-27123 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company - Auditor location: Maitland, FL - Contact: Harold Oshima - Phone: 6175231527 - Email: oshima@post.harvard.edu - Website: harvard.edu - Signed by: Harold H. Oshima (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/700368/000070036822000002/Public.pdf --- {0}------------------------------------------------ | PUBLIC | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 | | | 0MB APPROVAL
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12 | | | | |--------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|--------------------------------|---------|--------------------------------------------------------------------------------------------------------------------------|--|--|--| | | SEC FILE NUMBER | | | | | | | | | | ANNUAL REPORTS
FORM X-17A-5 | | 8-27123 | | | | | | | | | | | | | | PART Ill
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and lSa-7 under the Securities Exchange Act of 1934 | | | | | | | | | AND ENDING 12/31/2021
FILING FOR THE PERIOD BEGINNING O 1/01/2021 | | | | | | | | | | | MM/DD/VY | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | NAME oF FIRM: Oshima & Associates | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
~ Broker-dealer
□ Check here if respondent is also an OTC derivatives dealer | □ Security-based swap dealer | | | □ Major security-based swap participant | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | 21 Merchants Row, 5th floor | | | | | | | | | (No. and Street) | | | | | | | | | | Boston | MA | | 02109 | | | | | (City) | | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Harold H. Oshima
617.523.1527 | | | | oshima@post.harvard.edu | | | | | (Name) | | (Area Code - Telephone Number) | | (Email Address) | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | OHAB AND COMPANY, PA | | | | | | | | | (Name - if individual, state last, first, and middle name)
32751
100 E SYBELIA AVE, SUITE 130 MAITLAND
FL | | | | | | | | | (Address) | | (City) | (State) | (Zip Code) | | | | | JULY 28, 2004 | | | 1839 | | | | | | (rt• of Registration with PCAOB)(lf applicable) FOR OFFICIAL USE ONLY | | | | I
(PCAOB Registration Number, If applicable) | | | | | • Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | | | | | | | | | | | | | | | | | accountant must be supported by a statement offacts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-S(e)(l)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number. {1}------------------------------------------------ ### **OATH OR AFFIRMATION** | I, Harold H. Oshima | | | | swear (or affirm) that, to the best of my knowledge and belief, the | | | |---------------------|--|----|-----------------------------------------------------------------------------------|---------------------------------------------------------------------|--|-------| | | | | financial report pertaining to the firm of Oshima & Associates | | | as of | | December 31 | | 2~ | is true and correct. I further swear (or affirm) that neither the company nor any | | | | | | | | | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Title: Principal - I!! (a) Statement of financial condition. July 6. **2023** - I!! (b) Notes to consolidated statement of financial condition. - D (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in§ 210.1-02 of Regulation S-X). - □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-l, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.1Sc3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.1Sc3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-l, 17 CFR 240.18a-l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.1Sc3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - I!! (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.lBa-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-S or 17 CFR 240.lBa-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - I!! (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.lBa-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - D (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). □ (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5{e}{3} or 17 CFR 240.18a-7(d)(2), as applicable. ![](_page_1_Picture_35.jpeg) {2}------------------------------------------------ #### ਅਤੇ ਮਾਰਟ ਦਾ ਸਾਰੇ ਦਾ ਸਾਹਿ ਾ ਕੀਤੀ ਹੈ। ਇਸ ਦੀ ਸਾਰਕਾਰ ਦੇ ਸਾਲ ਦੇ ਸਾਲ ਵਿੱਚ ਸਾਲ ਵਿੱਚ ਸਾਂਝੀ ਵਾਲੀ ਵਿੱਚ ਸਾਰ ் பல்கலைக் கிடைய இணைப்புகள் விளைவிட்ட விடிக்கும் விளைவிட்ட விடிக்கும் இருக்கும் இருக்கும் இருக்கும் இருக்கும் இருக்கும் இருக்கும் இருக்கும் இருக்கும் புக்கும் புக ು ಹಿಂದೆ ்கள் ![](_page_2_Picture_2.jpeg) ਾ ਸਿਖਿਆ ਦਾ ਦਿ ਸਾਹਿਤ ਦੇ ਸਾ ் பிரத்திய விளியில் பட்டு மாறு மாற்றும் பிரிக்கும் நகரம் குறுப்பாட்டிக் குறு and the maps in construction in the ් පිහිටා විය. අනුව පිහිටා පිහිටි පිහිටා පිහිටා පිහිටා පිහිටි ප ದ್ದಾರೆ. ಈ ಮುದ್ರಿ ಮಾಡಿ ಪ್ರಮುಖವನ್ನು ಸಂಸ್ಕೃ ਦੇ ਸਾਰਕਾ ਦੇ ਦੀ ਹੈ, ਜਿਸ ਸਮਾਰਕ ਅਤੇ ਸ িনা করে না করে না করে আর বাসিয়া হয়েছে বাংলাদেশের প্রকল্পে ು ಮಾಡಿ ಕಾರಿ ಎಂದು ಮಾಡಿ ಮತ್ತು ನ ਸ਼ਾਸ਼ੀ ਦਾ ਇੱਕ ਪਿੰ - ರಾಜ್ಯ ಸಂಸ್ಕೃತಿ ಮಾಡಿದ್ದಾರೆ. - and and the first and the same のお気になる。 2008年の日本のお店は、 2007年の 2007年の 2007年の 2007年 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 - ਾ ਸਾਲ ਬਣਾ ਕਿ ਸੀ। ਇਸ ਦੀ ਸਾਹਿਤ ਸਾਰੇ ਮ - ਿੰਦਾ ਹੈ ਅਤੇ ਇਸ ਦੇ ਇਸ਼ੁਰਤ (1) ਦਾ ਸਾਹਿਤ (1) ਦਾ ਸਾਹਿਤ (1) ਮਾਰਤ (1) ਮਾਰ - 2 : 2017/08/2017 11 11 1 2 2017 11:00 11 11 11 12 12 12 12 12 12 - ਕਾਰ ਕੀਤੀ ਹੈ। ਇਸ ਦੀ ਸਾਰਕ ਦੀ ਸਾਹਿਤ ਹੈ ਾ ਦੀ ਸੀ। ਉਸਦੀ ਸਿੰਘ ਸਿੰਘ ਦੇ ਵਾਲੀ ਵਾਲੀ ਕਿ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸ ි විශ්වා පිහිටි අධිරිත පිහිටා පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි පිහිටි ප And Court of the Children College - 1977 - 1982 - production of the contrôlected to the comments of the ಿ ನಿರ್ದೇಶನ ಮತ್ತು ಸ - ് കേരള സ്വീകരിച്ചു. അവലംബം 1. Sales of the same - ು ಪ್ರಶಸ್ತಿ ಸಾಮಾನ್ಯ ಸಂಸ್ಕೃತಿ ಮಾರ್ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಮ のないとい 1000 1000 1000 1000 1000 10000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 - ਾ ਦਾ ਦਾ ਕੁਝ ਦਾ ਸਿੰਘ ਸੀ। ਉਹ ਸਾਰੇ ਦਾ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸਿੰਘ ਦੇ ਸਾਰ ਦੇ ਸਾਰ ਦਾ ਸਿੰਘ ਦੇ ਸਾਲ ਦੇ ਅਤੇ ಹುದು ಮಾರ್ಗಾರ ಮಾಡಿದ್ದ ಮತ್ತು ಸಂಸ್ಕೃತಿಗಳು ಸಾಮಾನ್ಯ ಮತ್ತು ಸಂಸ್ಕೃತಿಗಳು ಸಂಪ tars - 1 m 1 m 1 m 4 m 4 m 4 m m c uc ve 1 m m c uc ve 1 m 0 m 0 1 L M # 0 m 1 1 L M # 0 m 1 1 L N # 0 y 1 1 L N # 0 y 1 1 L N # 0 y 1 1 L N # 0 y 1 1 L N # 0 y 1 1 L N # 0 ਾ ਦੀ ਸਾਰਕ ਵਿੱਚ ਸਾ 100 100 1000 - - സംഭവിക്കുന്നത്. ഇതും വാണ്ടിക്കുന്നു. അവലംബം - 1. 1. 1. 1. 1. 1. 1. ਸ਼੍ਰਿਕਟੀ ਦੇ ਮਾਰਕ ਦੀ ਸਾਰਕ ਦੀ ਸਾਰਕ ਸੀ। ਇ : : . 14:10 PM - 1942年 1978 1992 ਸਾਹਿਤ ਕਿ ਇ - 1 (quality) ಿ ಸಾಮ್ರಾವ ಒಂದು ಮತ್ತು - ਾ ਦੇ ਸਾਰਕ ਵਿਕਾਇਆ ਸ in the country of the county of - න පිහිටා කරන ලෙස පිහිටා දැන දින දින දින දින දින දින දින දින දින ද ು ಸಾರ್ವಹಿಸಿ ಮಾಡಿ ಮಾರ್ಗಾರಿ ಸ್ವ : 2004 - 1 - 1 - 1 - 1 - 1 - 1 - 1 -19, 11, 2 ಾಗಿ ಸಾಧಿಸಿದ ಿ ಸಾಮಾನ್ಯ ಮತ್ತು ಸಾಮಾನ್ಯ ಪ್ರಶಸ್ತಿ ು ನಿರ್ಧಿಸಿ ಮಾಡು ಹೊ - and the country of the country of the comments of the county of the count and the production of the comments of and the country of the comments of the ು ಮಾಡಿ ಮಾಡಿ ಮಾಡಿ ಪ್ರಕಾರ ಕಾರ್ - ು ಸಾಮಾನ್ಯ ಮತ್ತು ಮತ್ತು ಮತ್ತು ಸಾಮಾನ್ಯ ಸಂಪರ್ಕಾರ ಮತ್ತು ಮಾಡಿದ್ದ ಮತ್ತು ಮಾಡಿದ್ದ ಮತ್ತು ಸಾಮಾನ್ಯ ಮತ್ತು ಸಾಮಾನ್ಯ ಸಾಮಾನ್ಯ ಮತ್ತು ಸಾಮಾನ್ಯ ಸಾಮಾನ್ಯ ಮತ್ತು ಸಾಮಾನ್ಯ ಮತ್ತು ಸಾಮಾನ್ಯ ಸಾಮಾನ್ಯ ಮತ್ತು .. - しています。 1985年 1999 - 19 and the may be the first to and the ් මිනුවින් පිහිටා අධිකරණ විසින් විසින් විසින් විසින් ප්‍රධාන ਾ ਦਿਆਂ ਦੀ ਕੌਂਗ ਸਾਂ ਦੀ ਸਾਂ ਦੀ ਸੂਬਾ ਦੀ ਸਾਹਿ - ਾ ਅਤੇ ਸਾਰੇ ਦਾ ਸਿੰਘ 、この中、大変性になっています。 この日 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------のお問合がありませんです。 【送料無料】【送料無料】【送料無料】【送料無料】【 ਾ ਕੀਤੀ ਕੰਮਦੀ ਹੈ ਅਤੇ ਇੱਕ ਸਿੰਘ ਦੇ ਮੁੱਝ ਵਿੱਚ ਆਪਣੇ ਅਤੇ ਇੱਕ ਅਤੇ ਇੱਕ 武德 中 - 1948 . 8 164 {3}------------------------------------------------ # STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 ### ASSETS | ABSCAFF | | | |------------------------------------------|----|--------| | Cash and cash equivalents | \$ | (234) | | Commissions Receivable | | 13,930 | | Prepatd expenses | | 7492 | | Marketable securities available for sale | | 8,050 | | | | 20,428 | | LIABILITIES AND OWNER'S EQUITY | | | | Liabilities: | | | | Accounts payable and accrued liabilities | S | 1,178 | | | | 1,176 | | Owner's equity: | | | | Accumulated Comprehensive Income | | 2,652 | | Owner's equity | | 16,590 | | Total Owner's Equity | | 19,252 | | | S | 20,428 | The accompanying notes are an integral part of these financial statements. {4}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 # Note 1 -Summary of Significant Accounting Pollcles #### Nature *of* Business Oshima & Associates (the "Company, is a proprietorship of Haro!d Oshima, and Is registered with the Securftfes Exchange Commission ("SEC1, a member of the Flnanclal Industry Regulatory Authority (aFINRAa), and a member of the Securities Investor Protection Corporation ( 11SIPC-). The Company's brokerage activff¥ Is transacted on a fully disclosed basis through a clearing broker. M ls typfcal In the Industry, the Company engages In activities with various financial Institutions and brokers. In the event these counter parties do not fulfill their obtrgatfona. the Company may **be exposed** to risks. #### Revenue Recognition Revenue from contracla wfth customers includes commission Income and dlstrlbutlon fees from mutual fund companies. The recagnltlan and measurement of revenue Is based on the assessntent of IndMdual contract terms. SlgnlflcantJudgment Is required to datermflae whether performance abllgatlons are satisfied at a point In tfme or over time; how to aUocate transaction prtces where nwltfple performance obllgations are Identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract: whether revenue should be presented gross or net of certain costs: and whether constraints on variable consideration should be applied due to uncertain future events. The company buys and aella securities on behalf of Its customers. Each time a customer enters Into a buy or seo transaction, the Company charges a commission. Commissions and related clearing expenses are recolded on the trade date (lhe date that the Company fltrs the lrade order by finding and conlractfng with a counterparty and confirms the trade with the custamer). The Company believes that the performance ablfgatlon Is satlsfted on the trade date because that Is when the underlying financial fnstrument or purchaser Is ldenUfled, the prfclng Is agree upon and the risks and rewan:fs of ownership of the securities have been transferred ta/from the customer. The Company enters into arrangements with managed accounts or other pooled Investment vehlcles (funds) to distribute shares to lnvestats. The Company may receive distribution fees paid by the fund up front. over time, upon the Investor's exit from the fund (that Is. a contingent deferred sales charge), or as a combination thereof. The Company balleves that Its performance obllgalfon Is the sale of securltJes to Investors and as such this Is fullUad on the trade date. Any fixed amounts me recognized on the trade date and variable amounts are reccgnlzed to the extent it is probable that a significant revenue reversal will not occur once the uncmtalnty is msolved. For variable amounts, as the uncertainty Is dependent on tha value of the shares at future paints In time as wall as the length of time the Investor remains In the fund, both ofwhfch are highly susceptible to factors ou1Bfde the Company's Influence. the Company does not believe that It can overcome this constraint untD the market value of the fund and the Investor activities are known. which are usually monthly or quarterly. Dlstrlbutlon fees recognized tn the current pmfcd are primarily related to performance obHgatlons that have been satisfied In prior periods. Professfonal raea are charges for tax preparation sesvlces and are recognized when atl performance obligations are satisfied. #### Cash and Cssh Equivalents For purp0888 of reporting the statement of cash flows, the Company consfde,s all cash accounts, which are not subject to withdrawal resbictlons or penalUes, and all hfghly ttqufd debt Instruments purchased with a maturity of three months or !e&& to be cash equivalents. Cash balances In excess of FDIC and sfmltar insurance coverage are subject to the usual banking risks associated with funds In excess of those limits. At December 31, 2021. the Company had no uninsured cash balances. {5}------------------------------------------------ # **NOTES TO FINANCIAL STATEMENTS DECEMBER** 31, 2021 # *Property and equipment* Property and equipment are recorded at cost Repair and maintenance costs are charged to operations as Incurred. 'Nhen assets are retired or disposed of. the cast and accumulated depmcfatlon are removed from the accounts, and any gains or rosses are Included In operatfons. Depreciation of property and equipment Is provfdad utmzfng the strafght-lfna method over the estimated useful lives of the related assets. Depreciatlon for Iha year ended December 31, 2021 ls \$0. # Estimates lhe preparation of financfal statements In accordance with accounttng prfnclples generally accepted In the Unlled States of America 1equlres management to make estimates and assumptions that affect lte reported amounts of asset& and lfabffltfes and dfsclosure of contingent assets and HabfOtfes at the date of the finanofal statements and revenues and expenses during the reporting **period. Actual results** coukl differ from those estimates. #### Income Taxes **As a** proprietorship, all Income of the Company Is taxed to Harold Oshima. Therefore. no provision is shown far federal or state Income taxes fn the flnancfal statements. The Company has adopted the provisions of FASB AcCOunting standards Codification 740-10, Accounting for Uncertainty In Income Taxes. Under ASC 740-10, the Company is required to evaluate each of its tax posltfans to detennfne If the~ are mare likely than not to be austarned If the taxing authorlly examines the respective position. A tax position Includes an entn;s status. lncludlng Its status as a pass-through entity. and the dacisfon not to ffle a tax retum. The Company has evaluated each of tts tax positions and has detarmlned that no provision or llabitity for Income taxes Is necessary. The company is generally not subject to U.S. federal, state or tocal Income tax examinations related to the Company's activities for tax years before 2014. #### Marketable Securities Marketable securities are classified as available-for-sale and. accordingly, are reported at fair value with the unrealized gains or losses on these securities Included in gain or loss on securities. # **Note 2-Net Capital Requirements** The Company Is subject to the Securities and Exchange Commission's Uniform Net capital Rufe (Rute1503- 1 ), whlch requfres the maintenance of minimum net capltal at amounts equal to the greater of \$5,000 or 6 2/3% of aggregate Indebtedness, and requires that the ratio of aggregate Indebtedness to net capital not to exceed 15 to 1. At. December 31, 2021. the Company had excess net capital of \$11,090 and a net capital ratio of 7.31 % to 1. # Note 3-Fair Value **Meaauraments** In determining fair value, the Company uses varfous valuation approaches. In accordance with GAAP, a fair value hierarchy far Inputs Is used In measuring fair vatue lhat maximizes the observable Inputs and rnlnlmtzes the use of unobservable Inputs by requiring that the most obseNable Inputs be used when avallabte. Observable inputs are those that market participants would use in pricfng the asset or liability {6}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company's assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstance. The fair value hierarchy is categorized into three levels based on inputs as follows: Level 1 - Quoted prices in active markets for Identical assets or liabilities. Level 2 - Inputs are inputs other than quoted prices included within Level 1 that are directly observable, such as quoted prices for similar instruments in active markets, or quoted prices for identical or similar instruments in inactive markets. Level 3 - Inputs are unobservable in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from techniques in which one or more significant value drivers are observable. The availability of valuation techniques and observable inputs can vary from security and is affected by a wide variety of factors including, the type of security, whether the security is new and not yet established in the marketplace, and other characteristics particular to the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the cocurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the securities existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for securities categorized In Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the later value hierarchy within writch the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readly available, the Company's own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many securition could cause a security to be reciassified to a lower level within the fair value hierarchy. The following table summarizes the basis used to measure the fair value of securities on a recurring basis in the Company's statement of financial condition as of December 31, 2021: | | Quated Prices In
Active Markets for
Identical Assets
(Level 1) | Significant Other
Observable Inputs
(Lavel 2) | Stanficant
Unchservatio
mputs
(Level 3) | Collateral | Balanca as of
December 31
2019 | |---------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|-----------------------------------------------------|--------------------------------------------------|------------|--------------------------------------| | Securities owned, at FMV
Money Market
Ontions and Futures
Corporate Bonds
Equity Securities | | | | | | | Mutual Funds | 6,050 | | | | | | | 6,050 | e | 0 | e | 6.050 | {7}------------------------------------------------ ## NOTES TO FINANCIAL STA 1EMENTS **DECEMBER** 31, 2021 The foUowlng methods and assumptions were used to estimate the fair value of each class of flnanctal Instruments for which It Is practicable to estimate that value: # Securities Owned Far securities. the fair value approximates quoted prices In active markets for Identical assets. # **Note 4-Plnanclal Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk** The Company's customer securities activities are transacted on either a cash or margin basts. In margin lransactfans, the Company's Clearing Broker extends credit to the customer, subject to various regulatory and lntamal margin requlramants. coUatarallzed by cash and securltfes In the customer's account As a raault of guaranteeing customer margin balances carried by the Cfearfng BIOker, the Company may be exposed to off-balance sheet risk In the event margfn requirements are not sufficient to fully cover losses the customer may Incur. At December 31, 2021. thae were no margfn accounts guaranteed by the company. The Company is also exposed to off-balance sheet risk of loss on transactions during the period from the bade data to the setllement date, which is generally three busfness days. If the customer falls to satisfy Its contractual obligations to the Clearing Broker. the Company may have to purchase or sell financlal fnslrumenlB at **prevailing** market prices In order to fulftll lhe customer's abHgations. Settlement of these transactions Is not expected to have a material **effect on** the Companys financial position. The Campany seeks to control the risks associated wflh Its customer activities by requiring customers ID maintain ma,gfn collateral In compliance with various ragulalary and the Clearing Broker's gufdellnea. The Company monitors required margin ravels dally and, pursuant ta such guidelines. requ,res customers to deposit addlHonal caUateral, ar to reduce pasftlons, when necessary. The Campany maintains cash and other deposits wtth banks and brokers, and, at times, such deposits exceed appUcabfe Insurance lfmlts. The Company reducea 118 exposure to credit risk by maintaining such deposfta with high quality financial Institutions. # Note **5-Commltmenla and Contingencies** The Company does not have any commitments or contingencies # Note **8- Related Party Tranaacllon** Office space haa been provided under a tenancy-at-will owned by the sore proprietor. Rent charg,sd for the year was \$54,000 plus speclal assessments and utilities and was paid directly lo building owner. #### **Note 7** • **Subsequent Events** In accordance with the Subsequent Events Topic of the FASB Accounting Standards Codlffoation No. 855 rFASB ASC 8661 '). the company has evaluated those events and transactfons that occurred thmugh lhe date the financial statements were available to be Issued. No material events or transactions have occurred during this period which would render these financial statements to be mtsleadtng. {8}------------------------------------------------ ![](_page_8_Picture_0.jpeg) I 00 E. Sybelia Ave. Suite I 30 Maitland, FL *327S* I *Certified Public Accountants* Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Owner's of Oshima & Associates #### **Opinion on the Flnanclal Statement** We have audited the accompanying statement of financial condition of Oshima & Associates as of December 31, 2021, and the related notes (collectively referred to as the "financial statemenr). In our opinion. the financial statement presents fairly, In all material respects, the financial position of Oshima & Associates as of December 31, 2021 in conformity with accounting principles generally accepted In the United States of America. #### **Basis for Opinion** This financial statement Is the responsibility of Oshima & Associates' management Our responsibility is to express an opinion on Oshima & Associates' financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Oshima & Associates In accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit In accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement Is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures Included examining. on a test basis, evidence regarding the amounts and disclosures in the ff nancial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. ~ *,.\_/)* ~ *I ,1--* Qhab and Company, PA We have served as Oshima & Associates' auditor since 2009. Maitland, Florida March 15, 2022 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.