10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001654954-18-009149 |
| Period End Date | 20180630 |
| Filing Date | 20180814 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | frhc-20180630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.06M | USD | Point-in-time |
| Preferred stock, authorized shares |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Restricted cash |
RestrictedCash
|
$24.80M | USD | Point-in-time |
| Trading securities |
MarketableSecurities
|
$184.35M | USD | Point-in-time |
| Preferred stock, issued shares |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Available-for-sale securities, at fair value |
AvailableForSaleSecurities
|
$2.00K | USD | Point-in-time |
| Preferred stock, outstanding shares |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Brokerage and other receivables, net |
OtherReceivables
|
$42.24M | 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 |
| Loans issued |
LoansAndLeasesReceivableNetReportedAmount
|
$16.76M | USD | Point-in-time |
| Common stock, issued shares |
CommonStockSharesIssued
|
58.03M | shares | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$812.00K | USD | Point-in-time |
| Common stock, outstanding shares |
CommonStockSharesOutstanding
|
58.03M | shares | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$2.47M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.81M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.10M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$4.82M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$329.23M | USD | Point-in-time |
| Securities sold, not yet purchased - at fair value |
FinancialInstrumentsSoldNotYetPurchasedMortgagesMortgageBackedAndAssetBackedSecurities
|
$1.76M | USD | Point-in-time |
| Loans received |
LoansReceivedCurrent
|
$13.98M | USD | Point-in-time |
| Debt securities issued |
DebtSecuritiesIssuedNet
|
$19.97M | USD | Point-in-time |
| Customer liabilities |
CustomerLiabilities
|
$40.40M | USD | Point-in-time |
| Trade payables |
TradingLiabilities
|
$15.74M | USD | Point-in-time |
| Deferred distribution payments |
DividendsPayableCurrentAndNoncurrent
|
$8.53M | USD | Point-in-time |
| Securities repurchase agreement obligation |
SecuritiesSoldUnderAgreementsToRepurchase
|
$114.57M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$2.01M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$216.96M | USD | Point-in-time |
| Commitments and Contingencies (Note 20) |
CommitmentsAndContingencies
|
- | 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; 58,033,212 and 58,033,212 shares issued and outstanding as of June 30, 2018 and March 31, 2018, respectively |
CommonStockValue
|
$58.00K | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapitalCommonStock
|
$99.00M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$27.44M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-14.23M | USD | Point-in-time |
| TOTAL STOCKHOLDERS' EQUITY |
StockholdersEquity
|
$112.27M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$329.23M | USD | Point-in-time |
Income Statement
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Fee and commission income |
FeeAndCommissionIncome
|
$5.43M | USD | 1 Quarter |
| Net gain/(loss) on trading securities |
MarketableSecuritiesGainLoss
|
$-3.29M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$7.37M | USD | 1 Quarter |
| Net gain on derivatives |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 1 Quarter |
| Net gain/(loss) on foreign exchange operations |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-2.11M | USD | 1 Quarter |
| TOTAL REVENUE, NET |
Revenues
|
$7.40M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.61M | USD | 1 Quarter |
| Fee and commission expense |
NoninterestExpenseCommissionExpense
|
$764.00K | USD | 1 Quarter |
| Operating expense |
OperatingExpenses
|
$9.11M | USD | 1 Quarter |
| Other expense/(income), net |
OtherExpenses
|
$-54.00K | USD | 1 Quarter |
| TOTAL EXPENSE |
CostsAndExpenses
|
$14.44M | USD | 1 Quarter |
| NET INCOME/(LOSS) BEFORE INCOME TAX |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$-7.03M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-150.00K | USD | 1 Quarter |
| NET INCOME/(LOSS) |
NetIncomeLoss
|
$-6.88M | USD | 1 Quarter |
| Change in unrealized gain on investments available-for-sale, net of tax effect |
OtherComprehensiveIncomeChangeInUnrealizedGainOnInvestmentsAvailableForSaleNetOfTaxEffect
|
- | USD | 1 Quarter |
| Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect |
OtherComprehensiveIncomeReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInPeriodNetOfTaxEffect
|
$22.00K | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-6.70M | USD | 1 Quarter |
| COMPREHENSIVE INCOME/(LOSS) |
ComprehensiveIncomeNetOfTax
|
$-13.56M | USD | 1 Quarter |
| BASIC NET INCOME/(LOSS) PER COMMON SHARE |
EarningsPerShareBasic
|
$-0.12 | USD | 1 Quarter |
| DILUTED NET INCOME/(LOSS) PER COMMON SHARE |
EarningsPerShareDiluted
|
$-0.12 | USD | 1 Quarter |
| Weighted average number of shares (basic) |
WeightedAverageNumberOfSharesOutstandingBasic
|
58.03M | shares | 1 Quarter |
| Weighted average number of shares (diluted) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.19M | shares | 1 Quarter |
Cash Flow Statement
39 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income/(loss) |
NetIncomeLoss
|
$-6.88M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAccretionNet
|
$396.00K | USD | 1 Quarter |
| Loss on sale of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-33.00K | USD | 1 Quarter |
| Change in deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$109.00K | USD | 1 Quarter |
| Stock compensation expense |
ShareBasedCompensation
|
$838.00K | USD | 1 Quarter |
| Unrealized loss on trading securities |
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
|
$-7.86M | USD | 1 Quarter |
| Net gain on derivative |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Net change in accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$13.00K | USD | 1 Quarter |
| Trading securities |
IncreaseDecreaseInTradingSecurities
|
$-6.09M | USD | 1 Quarter |
| Brokerage and other receivables |
IncreaseDecreaseInOtherReceivables
|
$15.71M | USD | 1 Quarter |
| Loans issued |
IncreaseDecreaseInOtherLoans
|
$8.44M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$568.00K | USD | 1 Quarter |
| Customer liabilities |
IncreaseDecreaseInCustomerLiabilities
|
$9.13M | USD | 1 Quarter |
| Current income tax liability |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
- | USD | 1 Quarter |
| Trade payables |
IncreaseDecreaseInAccountsPayableTrade
|
$7.25M | USD | 1 Quarter |
| Securities repurchase agreement obligation |
IncreaseDecreaseInSecuritiesRepurchaseAgreementObligation
|
$-30.44M | USD | 1 Quarter |
| Securities sold, not yet purchased |
IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
|
$718.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$806.00K | USD | 1 Quarter |
| Net cash flows (used in)/from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-29.02M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$477.00K | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$276.00K | USD | 1 Quarter |
| Proceeds from sale of intangible assets |
ProceedsFromSaleOfIntangibleAssets
|
- | USD | 1 Quarter |
| Proceeds from sale/(purchase) of available-for-sale securities, at fair value |
GainLossOnSaleOfInvestments
|
$-238.00K | USD | 1 Quarter |
| Consideration paid for Asyl |
PaymentsToAcquireBusinessesGross
|
$2.24M | USD | 1 Quarter |
| Cash received at acquisition |
CashAcquiredFromAcquisition
|
- | USD | 1 Quarter |
| Net cash flows used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-2.20M | USD | 1 Quarter |
| Proceeds from issuance of debt securities |
ProceedsFromIssuanceOfLongTermDebt
|
$9.71M | USD | 1 Quarter |
| Repurchase of debt securities |
RepurchaseOfDebtSecurities
|
- | USD | 1 Quarter |
| Proceeds from loans received |
ProceedsFromCollectionOfLoansReceivable
|
$7.34M | USD | 1 Quarter |
| Capital contributions |
ProceedsFromPartnershipContribution
|
$225.00K | USD | 1 Quarter |
| Net cash flows from financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$17.27M | USD | 1 Quarter |
| Effect of changes in foreign exchange rates on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-3.88M | USD | 1 Quarter |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-17.83M | USD | 1 Quarter |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$69.86M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$87.69M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$69.86M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$87.69M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$4.33M | USD | 1 Quarter |
| Income tax paid |
IncomeTaxesPaid
|
$237.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.