10-Q Filing

FREEDOM HOLDING CORP. CIK: 924805 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001038838-16-000212`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	kaz-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 39 Cash Flow Statement 43

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`Cash`	$402.72K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$102.02K	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.53M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Employee receivables	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Employee receivables	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$1.30K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	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
Prepaid expenses	`PrepaidExpenseCurrent`	$7.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$483.00	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
Total current assets	`AssetsCurrent`	$8.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$404.50K	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
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$6.27K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	224.55M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	280.34M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$8.54K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	224.55M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$6.27K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$8.54K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	280.34M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$8.64M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$413.04K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$177.27K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.63K	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$4.70K	USD	Point-in-time
State taxes payable	`TaxesPayableCurrent`	$100.00	USD	Point-in-time
State taxes payable	`TaxesPayableCurrent`	$100.00	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesCurrent`	$953.00	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesCurrent`	$180.00	USD	Point-in-time
Deferred distribution payments	`DeferredCompensationLiabilityCurrent`	$8.53M	USD	Point-in-time
Deferred distribution payments	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.61K	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$2.58K	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$60.00	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$60.00	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.58K	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 and 224,551,913 shares outstanding, respectively	`CommonStockValue`	$224.55K	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 and 224,551,913 shares outstanding, respectively	`CommonStockValue`	$280.34K	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
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$275.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$174.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-138.63K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-527.87K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$361.37K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-72.60K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$413.04K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.64M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$75.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$195.41K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$40.36K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$61.45K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.71K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$188.69K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$2.46K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$786.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	-	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$102.59K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$77.82K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$386.56K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-102.59K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-386.56K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-77.82K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$618.00	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$575.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$575.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$618.00	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-385.94K	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-77.82K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-102.02K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.89K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.29K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-389.23K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-77.82K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-104.91K	USD	1 Quarter
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	232.26M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	247.59M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-389.23K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-77.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.91K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.46K	USD	3 Qtrs
Deferred tax liabilities	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	1 Quarter
Deferred tax liabilities	`IncreaseDecreaseInOtherDeferredLiability`	$3.29K	USD	3 Qtrs
Employee receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.30K	USD	3 Qtrs
Employee receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$476.00	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$77.82K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.36K	USD	3 Qtrs
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.70K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-403.76K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$198.00	USD	3 Qtrs
Cash resulting from acquisition of BMB Munai, Inc.	`CashAcquiredFromAcquisition`	$8.59M	USD	3 Qtrs
Cash resulting from acquisition of BMB Munai, Inc.	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$8.59M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Capital contributions	`ProceedsFromPartnershipContribution`	-	USD	1 Quarter
Capital contributions	`ProceedsFromPartnershipContribution`	$50.00K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$50.00K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.23M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.64M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$402.72K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.64M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$402.72K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Assumption of liabilities in connection with acquisition	`LiabilitiesAssumed1`	-	USD	1 Quarter
Assumption of liabilities in connection with acquisition	`LiabilitiesAssumed1`	$8.68M	USD	3 Qtrs

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