10-Q Filing

FREEDOM HOLDING CORP. CIK: 924805 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-001064`
Period End Date	20161231
Filing Date	20170214
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	kaz-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 46

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`Cash`	$99.68K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`Cash`	$13.59K	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`	$935.00	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
Total current assets	`AssetsCurrent`	$8.55M	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
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
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$5.43K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$2.92K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.43K	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
Total non-current assets	`AssetsNoncurrent`	$2.92K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.55M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	280.34M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$8.69M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	280.34M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.23K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$145.83K	USD	Point-in-time
Accrued payroll and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.69K	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`	-	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`	$8.68M	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 December 31, 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 December 31, 2016 and March 31, 2016, respectively	`CommonStockValue`	$280.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$455.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$655.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-630.63K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-130.07K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$105.16K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.55M	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	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$254.03K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$195.41K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$55.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.36K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$181.66K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$61.45K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$44.16K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$188.69K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$786.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$828.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$2.46K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$2.51K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$102.59K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$100.46K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$386.56K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$438.20K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-102.59K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-438.20K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-386.56K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-100.46K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$575.00	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$618.00	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$995.00	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$2.97K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$995.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.97K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$618.00	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$575.00	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-99.47K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-435.23K	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-385.94K	USD	3 Qtrs
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
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-389.23K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-435.23K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-104.91K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-99.47K	USD	1 Quarter
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 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
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	280.34M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	232.26M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	280.34M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	247.59M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-389.23K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-435.23K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-104.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-99.47K	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.51K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$2.46K	USD	3 Qtrs
Deferred taxes	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	3 Qtrs
Deferred taxes	`IncreaseDecreaseInOtherDeferredLiability`	$3.29K	USD	3 Qtrs
Employee receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.30K	USD	3 Qtrs
Employee receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$476.00	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$49.44K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.36K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$95.60K	USD	3 Qtrs
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.70K	USD	3 Qtrs
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.69K	USD	3 Qtrs
State tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-100.00	USD	3 Qtrs
State tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-403.76K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-286.09K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$198.00	USD	3 Qtrs
Cash resulting from acquisition of BMB Munai, Inc.	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Cash resulting from acquisition of BMB Munai, Inc.	`CashAcquiredFromAcquisition`	$8.59M	USD	3 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$8.59M	USD	3 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	3 Qtrs
Capital contributions	`ProceedsFromPartnershipContribution`	$50.00K	USD	3 Qtrs
Capital contributions	`ProceedsFromPartnershipContribution`	$200.00K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$50.00K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$200.00K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.23M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-86.09K	USD	3 Qtrs
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`	$8.64M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.55M	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`	$8.64M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.55M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$100.00	USD	3 Qtrs
Assumption of liabilities in connection with acquisition	`LiabilitiesAssumed1`	-	USD	3 Qtrs
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.