10-K Filing

FREEDOM HOLDING CORP. CIK: 924805 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001654954-17-006033`
Period End Date	20170331
Filing Date	20170630
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	kaz-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 26 Cash Flow Statement 42 Stockholders Equity 11

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$50.54K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$99.68K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.53M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.53M	USD	Point-in-time
Employee receivables	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$25.00	USD	Point-in-time
Employee receivables	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$50.38K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$425.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.68M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentOtherNet`	$5.43K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentOtherNet`	$2.10K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$2.10K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.43K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.59M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$205.68K	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`	$291.00	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`	$8.74M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 and 280,339,467 shares outstanding as of March 31, 2017 and 2016, respectively	`CommonStockValue`	$280.34K	USD	Point-in-time
Common stock - $0.001 par value; 500,000,000 shares authorized; 280,339,467 and 280,339,467 shares outstanding as of March 31, 2017 and 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`	$775.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$455.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-630.63K	USD	Point-in-time
Total shareholders equity (deficit)	`StockholdersEquity`	$361.37K	USD	Point-in-time
Total shareholders equity (deficit)	`StockholdersEquity`	$105.16K	USD	Point-in-time
Total shareholders equity (deficit)	`StockholdersEquity`	$-152.98K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.69M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.59M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	Annual
REVENUES	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$222.51K	USD	Annual
Professional fees	`ProfessionalFees`	$364.33K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$268.02K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$214.31K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$3.33K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$3.31K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$493.83K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$581.97K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-493.83K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-581.97K	USD	Annual
Interest income, net	`InvestmentIncomeInterest`	$1.59K	USD	Annual
Interest income, net	`InvestmentIncomeInterest`	$3.94K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$3.94K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$1.59K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-578.04K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-492.24K	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$100.00	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-240.00	USD	Annual
NET LOSS	`NetIncomeLoss`	$-578.14K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-492.00K	USD	Annual
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	Annual
BASIC AND DILUTED NET LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	280.34M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	244.21M	shares	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-578.14K	USD	Annual
Net loss	`NetIncomeLoss`	$-492.00K	USD	Annual
Depreciation expense	`DepreciationAndAmortization`	$3.31K	USD	Annual
Depreciation expense	`DepreciationAndAmortization`	$3.33K	USD	Annual
Deferred tax liabilities	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	Annual
Deferred tax liabilities	`IncreaseDecreaseInOtherDeferredLiability`	$-240.00	USD	Annual
Employee receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-25.00	USD	Annual
Employee receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.30K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$49.95K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-49.89K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.60K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$155.45K	USD	Annual
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$291.00	USD	Annual
Accrued payroll and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.70K	USD	Annual
State tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Annual
State tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-369.14K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-538.63K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$199.00	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Cash resulting from acquisition of BMB Munai, Inc.	`CashAcquiredFromAcquisition`	$8.59M	USD	Annual
Cash resulting from acquisition of BMB Munai, Inc.	`CashAcquiredFromAcquisition`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.59M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Capital contributions	`ProceedsFromPartnershipContribution`	$320.00K	USD	Annual
Capital contributions	`ProceedsFromPartnershipContribution`	$180.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$180.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$320.00K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.14K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.23M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$402.72K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.63M	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`	$8.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.63M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Assumption of liabilities in connection with acquisition of BMB Munai, Inc.	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$8.57M	USD	Annual
Assumption of liabilities in connection with acquisition of BMB Munai, Inc.	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$361.37K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$105.16K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-152.98K	USD	Point-in-time
Capital contributions	`PartnersCapitalAccountContributions`	$320.00K	USD	Annual
Capital contributions	`PartnersCapitalAccountContributions`	$180.00K	USD	Annual
Acquisition of BMB Munai, Inc., Amount	`StockIssuedDuringPeriodValueAcquisitions`	$55.79K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-578.14K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-492.00K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$361.37K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$105.16K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-152.98K	USD	Point-in-time

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