10-Q Filing

FREEDOM HOLDING CORP. CIK: 924805 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001038838-12-000205`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	kaz-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 34 Cash Flow Statement 64

Balance Sheet 54 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	`Cash`	$1.48M	USD	Point-in-time
Cash and cash equivalents	`Cash`	$3.37M	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
Promissory notes receivable	`NotesAndLoansReceivableNetCurrent`	$220.88K	USD	Point-in-time
Promissory notes receivable	`NotesAndLoansReceivableNetCurrent`	$220.88K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	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
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$1.07M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$1.62M	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$36.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$36.00M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	55.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$41.21M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	55.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$38.77M	USD	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`	$214.28K	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOtherNet`	$185.30K	USD	Point-in-time
Total long term assets	`AssetsNoncurrent`	$185.30K	USD	Point-in-time
Total long term assets	`AssetsNoncurrent`	$214.28K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$38.96M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$41.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.71K	USD	Point-in-time
Taxes payable, accrued liabilities and other payables	`OtherAccountsPayableAndAccruedLiabilities`	$11.50K	USD	Point-in-time
Taxes payable, accrued liabilities and other payables	`OtherAccountsPayableAndAccruedLiabilities`	$31.59K	USD	Point-in-time
Deferred consulting and distribution payments	`DeferredCompensationLiabilityCurrent`	$18.23M	USD	Point-in-time
Deferred consulting and distribution payments	`DeferredCompensationLiabilityCurrent`	$20.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.05M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	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 and 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 and 55,787,554 shares outstanding, respectively	`CommonStockValue`	$55.79K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$106.10M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$106.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-84.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-85.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$21.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$20.63M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$38.96M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$41.42M	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`	$732.08K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.12M	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$28.98K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$13.48K	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$761.06K	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$4.32M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-4.32M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-761.06K	USD	1 Quarter
Foreign exchange gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$31.00	USD	1 Quarter
Foreign exchange gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.37K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.60K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.50K	USD	1 Quarter
Other (expense)/income, net	`OtherNonoperatingIncomeExpense`	$-9.50K	USD	1 Quarter
Other (expense)/income, net	`OtherNonoperatingIncomeExpense`	$9.21K	USD	1 Quarter
Other income/(expense), net	`NonoperatingIncomeExpense`	$-12.27K	USD	1 Quarter
Other income/(expense), net	`NonoperatingIncomeExpense`	$10.74K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-750.31K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-4.33M	USD	1 Quarter
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$8.65M	USD	1 Quarter
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
NET INCOME/(LOSS)	`NetIncomeLoss`	$-750.31K	USD	1 Quarter
NET INCOME/(LOSS)	`NetIncomeLoss`	$4.33M	USD	1 Quarter
BASIC NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	1 Quarter
BASIC NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.08	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`	$-0.01	USD	1 Quarter
BASIC NET INCOME PER COMMON SHARE FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	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`	-	USD	1 Quarter
DILUTED NET INCOME PER COMMON SHARE FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.16	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLoss`	$-750.31K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$4.33M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$8.65M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.48K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.12M	USD	1 Quarter
Decrease/(increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.09K	USD	1 Quarter
Decrease/(increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$544.72K	USD	1 Quarter
Increase/(decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-414.39K	USD	1 Quarter
Increase/(decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$45.83K	USD	1 Quarter
Increase/(decrease) in taxes payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$20.10K	USD	1 Quarter
Increase/(decrease) 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`	$-110.69K	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`	-	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.49M	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-110.69K	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`	$153.31K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	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`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.08M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Cash distribution	`PaymentsOfCapitalDistribution`	-	USD	1 Quarter
Cash distribution	`PaymentsOfCapitalDistribution`	$1.78M	USD	1 Quarter
Intercompany advances	`Intercompanyadvances1`	-	USD	1 Quarter
Intercompany advances	`Intercompanyadvances1`	$2.71M	USD	1 Quarter
Net cash provided by/(used in) financing activities continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.78M	USD	1 Quarter
Net cash provided by/(used in) financing activities continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.71M	USD	1 Quarter
Net cash used in financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash used in financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-2.87M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-163.40K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.78M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.25M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.89M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	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`	$-1.89M	USD	1 Quarter
CASH AND CASH EQUIVALENTS at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.48M	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`	$39.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.48M	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
Cash and cash equivalents	`Reconcashequivalents`	$1.48M	USD	1 Quarter
Restricted cash	`Reconrestrictedcash`	$36.00M	USD	1 Quarter
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.48M	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`	-	USD	1 Quarter
Depreciation on other fixed assets capitalized as oil and gas properties	`DepreciationOnOtherFixedAssetsCapitalizedAsOilAndGasProperties`	$206.42K	USD	1 Quarter
Depreciation on other fixed assets capitalized as oil and gas properties	`DepreciationOnOtherFixedAssetsCapitalizedAsOilAndGasProperties`	-	USD	1 Quarter

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