10-Q Filing

FREEDOM HOLDING CORP. CIK: 924805 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001038838-16-000297`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	kaz-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 26 Cash Flow Statement 36

Balance Sheet 52 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
Cash and cash equivalents	`Cash`	$99.68K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$169.07K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.53M	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.53M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.19K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$50.38K	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
Total current assets	`AssetsCurrent`	$8.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.71M	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
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`	$4.59K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$5.43K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	280.34M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$4.59K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	280.34M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.43K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	280.34M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$8.71M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	280.34M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$8.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$230.66K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.23K	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$6.24K	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	-	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 distribution payments	`DeferredCompensationLiabilityCurrent`	$8.53M	USD	Point-in-time
Deferred distribution payments	`DeferredCompensationLiabilityCurrent`	$8.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.77M	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 shares issued and outstanding as of June 30, 2016 and March 31, 2016, respectively	`CommonStockValue`	$280.34K	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 shares issued and outstanding as of June 30, 2016 and March 31, 2016, 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`	$455.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$540.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-630.63K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-880.93K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-60.14K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$105.16K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.71M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.69M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$87.60K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$157.51K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$92.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$62.28K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$839.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$785.00	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$251.28K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$150.67K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-150.67K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-251.28K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$979.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$22.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$979.00	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-150.64K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-250.30K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-150.74K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-250.30K	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
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	280.34M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.55M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-150.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-250.30K	USD	1 Quarter
Depreciation expense	`Depreciation`	$785.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$839.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$145.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$47.18K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$180.43K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.47K	USD	1 Quarter
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.70K	USD	1 Quarter
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$6.24K	USD	1 Quarter
State tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$100.00	USD	1 Quarter
State tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-15.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-125.94K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$215.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-215.00	USD	1 Quarter
Capital contributions	`ProceedsFromPartnershipContribution`	-	USD	1 Quarter
Capital contributions	`ProceedsFromPartnershipContribution`	$85.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$85.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-126.16K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$69.39K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$276.56K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$402.72K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$276.56K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$402.72K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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