10-Q Filing

FREEDOM HOLDING CORP. CIK: 924805 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001038838-11-000242`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	kaz-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 34 Cash Flow Statement 58

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$247.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$426.05K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Promissory notes receivable	`NotesAndLoansReceivableNetCurrent`	$192.09K	USD	Point-in-time
Promissory notes receivable	`NotesAndLoansReceivableNetCurrent`	$154.72K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$74.04K	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$92.13K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Current assets from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$18.27M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Current assets from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$17.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.93M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	55.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.79M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	55.79M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	55.79M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	55.79M	shares	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOtherNet`	$162.49K	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOtherNet`	$302.31K	USD	Point-in-time
Convertible notes issue cost	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsNet`	$738.06K	USD	Point-in-time
Convertible notes issue cost	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsNet`	$658.15K	USD	Point-in-time
Long term assets from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$308.15M	USD	Point-in-time
Long term assets from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$300.71M	USD	Point-in-time
Total long term assets	`AssetsNoncurrent`	$309.11M	USD	Point-in-time
Total long term assets	`AssetsNoncurrent`	$301.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$320.53M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$326.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$353.10K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$767.49K	USD	Point-in-time
Accrued coupon payment	`Accruedcouponpayment`	$3.06M	USD	Point-in-time
Accrued coupon payment	`Accruedcouponpayment`	$1.43M	USD	Point-in-time
Taxes payable, accrued liabilities and other payables	`TaxesPayableAccruedLiabilitiesAndOtherPayables`	$252.70K	USD	Point-in-time
Taxes payable, accrued liabilities and other payables	`TaxesPayableAccruedLiabilitiesAndOtherPayables`	$317.97K	USD	Point-in-time
Current liabilities from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$27.99M	USD	Point-in-time
Current liabilities from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$27.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.66M	USD	Point-in-time
Convertible notes issued, net	`ConvertibleLongTermNotesPayable`	$61.70M	USD	Point-in-time
Convertible notes issued, net	`ConvertibleLongTermNotesPayable`	$62.11M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.98M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.98M	USD	Point-in-time
Long term liabilities from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$6.21M	USD	Point-in-time
Long term liabilities from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$6.14M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$72.30M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$71.82M	USD	Point-in-time
Preferred stock - $0.001 par value; 20,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.001 par value; 20,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized, 55,787,554 shares outstanding, respectively	`CommonStockValue`	$55.79K	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized, 55,787,554 shares outstanding, respectively	`CommonStockValue`	$55.79K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$164.12M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$164.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$54.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$58.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$222.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$218.61M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$320.53M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$326.89M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.18M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.12M	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$13.48K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$24.60K	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$4.32M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$3.08M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.08M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-4.32M	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.38K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.37K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.60K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.75K	USD	1 Quarter
Other (expense)/income, net	`OtherNonoperatingIncomeExpense`	$-9.50K	USD	1 Quarter
Other (expense)/income, net	`OtherNonoperatingIncomeExpense`	$10.17K	USD	1 Quarter
Total other (expense)/income	`NonoperatingIncomeExpense`	$6.54K	USD	1 Quarter
Total other (expense)/income	`NonoperatingIncomeExpense`	$-12.27K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-4.33M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-3.07M	USD	1 Quarter
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$3.95M	USD	1 Quarter
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$8.65M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$871.87K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$4.33M	USD	1 Quarter
BASIC NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.08	USD	1 Quarter
BASIC NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.06	USD	1 Quarter
DILUTED NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.08	USD	1 Quarter
DILUTED NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.06	USD	1 Quarter
BASIC NET INCOME PER COMMON SHARE FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.08	USD	1 Quarter
BASIC NET INCOME PER COMMON SHARE FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.16	USD	1 Quarter
DILUTED NET INCOME PER COMMON SHARE FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.16	USD	1 Quarter
DILUTED NET INCOME PER COMMON SHARE FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.08	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$871.87K	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.33M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$3.95M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$8.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationandamortizationChanges`	$24.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationandamortizationChanges`	$13.48K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.12M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$413.27K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.09K	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.71K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-25.49K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-414.39K	USD	1 Quarter
(Decrease)/increase in taxes payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$92.33K	USD	1 Quarter
(Decrease)/increase in taxes payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-65.27K	USD	1 Quarter
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.69M	USD	1 Quarter
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.51M	USD	1 Quarter
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$16.19M	USD	1 Quarter
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$10.88M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.37M	USD	1 Quarter
Investment in short term notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Investment in short term notes receivable	`PaymentsToAcquireNotesReceivable`	$-37.37K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$-5.12K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$-153.31K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.12K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-190.67K	USD	1 Quarter
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-10.89M	USD	1 Quarter
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-5.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.08M	USD	1 Quarter
Intercompany advances	`Intercompanyadvances1`	$2.26M	USD	1 Quarter
Intercompany advances	`Intercompanyadvances1`	$2.71M	USD	1 Quarter
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.26M	USD	1 Quarter
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.71M	USD	1 Quarter
Net cash used in financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-2.87M	USD	1 Quarter
Net cash used in financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-2.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.91K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-163.40K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.77M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.25M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$3.03M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$2.42M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-178.52K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$745.65K	USD	1 Quarter
CASH AND CASH EQUIVALENTS at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$247.53K	USD	Point-in-time
CASH AND CASH EQUIVALENTS at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$426.05K	USD	Point-in-time
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$247.53K	USD	Point-in-time
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$426.05K	USD	Point-in-time
Transfer of inventory and prepayments for materials used in oil and gas projects to oil and gas properties	`TransferOfInventoryAndPrepaymentsForMaterialsUsedInOilAndGasProjectsToOilAndGasProperties`	$2.87M	USD	1 Quarter
Transfer of inventory and prepayments for materials used in oil and gas projects to oil and gas properties	`TransferOfInventoryAndPrepaymentsForMaterialsUsedInOilAndGasProjectsToOilAndGasProperties`	$632.54K	USD	1 Quarter
Depreciation on other fixed assets capitalized as oil and gas properties	`DepreciationOnOtherFixedAssetsCapitalizedAsOilAndGasProperties`	$108.61K	USD	1 Quarter
Depreciation on other fixed assets capitalized as oil and gas properties	`DepreciationOnOtherFixedAssetsCapitalizedAsOilAndGasProperties`	$206.42K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.