10-Q Filing

FREEDOM HOLDING CORP. CIK: 924805 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001038838-16-000314`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	kaz-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 40

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$99.68K	USD	Point-in-time
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`	$139.55K	USD	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, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.01K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$50.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.68M	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
Total current assets	`AssetsCurrent`	$8.68M	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
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$3.75K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$5.43K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.43K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$3.75K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	280.34M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	280.34M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	280.34M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$8.68M	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`	$238.78K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.23K	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$7.13K	USD	Point-in-time
State taxes payable	`TaxesPayableCurrent`	$100.00	USD	Point-in-time
State taxes payable	`TaxesPayableCurrent`	-	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`	$8.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.58M	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; 280,339,467 shares issued and outstanding as of September 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 September 30, 2016 and March 31, 2016, respectively	`CommonStockValue`	$280.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$585.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$455.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-630.63K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-966.39K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$105.16K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-100.61K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.68M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.69M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$41.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$67.45K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$198.56K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$155.04K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$64.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$127.24K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$44.57K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$137.49K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.68K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.68K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$839.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$894.00	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$337.74K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$86.46K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$133.30K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$283.96K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-337.74K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-283.96K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-133.30K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-86.46K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$1.98K	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$43.00	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$997.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$43.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$997.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$22.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.98K	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-335.76K	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-133.28K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-283.92K	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-85.46K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$305.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$405.00	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-133.58K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-335.76K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-284.32K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-85.46K	USD	1 Quarter
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
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	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.55M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.55M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	280.34M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	280.34M	shares	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-133.58K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-335.76K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-284.32K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-85.46K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.68K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$1.68K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.12K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.37K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$188.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$515.00	USD	2 Qtrs
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.70K	USD	2 Qtrs
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.13K	USD	2 Qtrs
State tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
State tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-100.00	USD	2 Qtrs
Deferred tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$405.00	USD	2 Qtrs
Deferred tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-90.13K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-288.54K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$215.00	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-215.00	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Capital contributions	`ProceedsFromPartnershipContribution`	-	USD	2 Qtrs
Capital contributions	`ProceedsFromPartnershipContribution`	$130.00K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$130.00K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.87K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-288.76K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$113.96K	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`	$8.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$113.96K	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`	$8.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.67M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$100.00	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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