10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001654954-19-001385 |
| Period End Date | 20181231 |
| Filing Date | 20190212 |
| Fiscal Year | 2019 |
| Fiscal Period | Q3 |
| XBRL Instance | frhc-20181231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$41.42M | USD | Point-in-time |
| Restricted cash |
RestrictedCash
|
$27.10M | USD | Point-in-time |
| Preferred stock, authorized shares |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock, issued shares |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Trading securities |
MarketableSecurities
|
$154.54M | USD | Point-in-time |
| Available-for-sale securities, at fair value |
AvailableForSaleSecurities
|
$1.00K | USD | Point-in-time |
| Preferred stock, outstanding shares |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Brokerage and other receivables, net |
BrokerageAndOtherReceivablesNet
|
$52.84M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Loans issued |
LoansReceivable
|
$2.34M | USD | Point-in-time |
| Common stock, authorized shares |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, issued shares |
CommonStockSharesIssued
|
58.04M | shares | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$878.00K | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$5.03M | USD | Point-in-time |
| Common stock, outstanding shares |
CommonStockSharesOutstanding
|
58.04M | shares | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.21M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.86M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$4.13M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$295.36M | USD | Point-in-time |
| Securities sold, not yet purchased - at fair value |
FinancialInstrumentsSoldNotYetPurchasedMortgagesMortgageBackedAndAssetBackedSecurities
|
- | USD | Point-in-time |
| Loans received |
LoansReceivedCurrent
|
$3.97M | USD | Point-in-time |
| Debt securities issued |
DebtSecuritiesIssuedNet
|
$26.57M | USD | Point-in-time |
| Customer liabilities |
CustomerLiabilities
|
$58.60M | USD | Point-in-time |
| Trade payables |
TradePayables
|
$16.35M | USD | Point-in-time |
| Deferred distribution payments |
DeferredDistributionPayments
|
$8.53M | USD | Point-in-time |
| Securities repurchase agreement obligation |
SecuritiesSoldUnderAgreementsToRepurchase
|
$68.18M | USD | Point-in-time |
| Current income tax liability |
TaxesPayableCurrent
|
$82.00K | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$1.63M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$183.92M | USD | Point-in-time |
| Commitments and Contingent Liabilities (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; 58,043,212 and 58,033,212 shares issued and outstanding as of December 31, 2018 and March 31, 2018, respectively |
CommonStockValue
|
$58.00K | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapitalCommonStock
|
$98.13M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$38.63M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-25.37M | USD | Point-in-time |
| TOTAL STOCKHOLDERS' EQUITY |
StockholdersEquity
|
$111.44M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$295.36M | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Fee and commission income |
FeeAndCommissionIncome
|
$12.27M | USD | 1 Quarter |
| Fee and commission income |
FeeAndCommissionIncome
|
$31.03M | USD | 3 Qtrs |
| Net gain/(loss) on trading securities |
MarketableSecuritiesGainLoss
|
$12.67M | USD | 3 Qtrs |
| Net gain/(loss) on trading securities |
MarketableSecuritiesGainLoss
|
$11.64M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.98M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$11.82M | USD | 3 Qtrs |
| Net gain on derivatives |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 3 Qtrs |
| Net gain on derivatives |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 1 Quarter |
| Net gain/(loss) on foreign exchange operations |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-3.75M | USD | 3 Qtrs |
| Net gain/(loss) on foreign exchange operations |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-498.00K | USD | 1 Quarter |
| TOTAL REVENUE, NET |
Revenues
|
$51.78M | USD | 3 Qtrs |
| TOTAL REVENUE, NET |
Revenues
|
$26.39M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.47M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$3.18M | USD | 1 Quarter |
| Fee and commission expense |
NoninterestExpenseCommissionExpense
|
$1.42M | USD | 1 Quarter |
| Fee and commission expense |
NoninterestExpenseCommissionExpense
|
$3.15M | USD | 3 Qtrs |
| Operating expense |
OperatingExpenses
|
$31.27M | USD | 3 Qtrs |
| Operating expense |
OperatingExpenses
|
$12.12M | USD | 1 Quarter |
| Other expense, net |
OtherExpenses
|
$229.00K | USD | 1 Quarter |
| Other expense, net |
OtherExpenses
|
$581.00K | USD | 3 Qtrs |
| Loss from disposal of subsidiary |
GainLossOnSaleOfShareInSubsidiary
|
- | USD | 1 Quarter |
| Loss from disposal of subsidiary |
GainLossOnSaleOfShareInSubsidiary
|
$-15.00K | USD | 3 Qtrs |
| TOTAL EXPENSE |
CostsAndExpenses
|
$46.49M | USD | 3 Qtrs |
| TOTAL EXPENSE |
CostsAndExpenses
|
$16.95M | USD | 1 Quarter |
| NET INCOME/(LOSS) BEFORE INCOME TAX |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$5.29M | USD | 3 Qtrs |
| NET INCOME/(LOSS) BEFORE INCOME TAX |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$9.45M | USD | 1 Quarter |
| Income tax (expense)/benefit |
IncomeTaxExpenseBenefit
|
$545.00K | USD | 1 Quarter |
| Income tax (expense)/benefit |
IncomeTaxExpenseBenefit
|
$1.01M | USD | 3 Qtrs |
| NET INCOME/(LOSS) |
NetIncomeLoss
|
$8.90M | USD | 1 Quarter |
| NET INCOME/(LOSS) |
NetIncomeLoss
|
$4.28M | USD | 3 Qtrs |
| Change in unrealized gain on investments available-for-sale, net of tax effect |
OtherComprehensiveIncomeChangeInUnrealizedGainOnInvestmentsAvailableForSaleNetOfTaxEffect
|
- | USD | 1 Quarter |
| Change in unrealized gain on investments available-for-sale, net of tax effect |
OtherComprehensiveIncomeChangeInUnrealizedGainOnInvestmentsAvailableForSaleNetOfTaxEffect
|
- | USD | 3 Qtrs |
| Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect |
OtherComprehensiveIncomeReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInPeriodNetOfTaxEffect
|
$22.00K | USD | 3 Qtrs |
| Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect |
OtherComprehensiveIncomeReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInPeriodNetOfTaxEffect
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax effect |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-5.60M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax effect |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-17.84M | USD | 3 Qtrs |
| COMPREHENSIVE INCOME/(LOSS) |
ComprehensiveIncomeNetOfTax
|
$3.30M | USD | 1 Quarter |
| COMPREHENSIVE INCOME/(LOSS) |
ComprehensiveIncomeNetOfTax
|
$-13.54M | USD | 3 Qtrs |
| BASIC NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) |
EarningsPerShareBasic
|
$0.07 | USD | 3 Qtrs |
| BASIC NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) |
EarningsPerShareBasic
|
$0.15 | USD | 1 Quarter |
| DILUTED NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) |
EarningsPerShareDiluted
|
$0.07 | USD | 3 Qtrs |
| DILUTED NET INCOME/(LOSS) PER COMMON SHARE (In US Dollars) |
EarningsPerShareDiluted
|
$0.15 | USD | 1 Quarter |
| Weighted average number of shares (basic) |
WeightedAverageNumberOfSharesOutstandingBasic
|
58.04M | shares | 1 Quarter |
| Weighted average number of shares (basic) |
WeightedAverageNumberOfSharesOutstandingBasic
|
58.04M | shares | 3 Qtrs |
| Weighted average number of shares (diluted) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.25M | shares | 1 Quarter |
| Weighted average number of shares (diluted) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.23M | shares | 3 Qtrs |
Cash Flow Statement
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$8.90M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.28M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationAmortizationAndAccretionNet
|
$1.50M | USD | 3 Qtrs |
| Loss on sale of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-31.00K | USD | 3 Qtrs |
| Change in deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$260.00K | USD | 3 Qtrs |
| Stock compensation expense |
ShareBasedCompensation
|
$2.53M | USD | 3 Qtrs |
| Unrealized loss/(gain) on trading securities |
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
|
$-9.62M | USD | 3 Qtrs |
| Net gain on derivative |
DerivativeGainLossOnDerivativeNet
|
- | USD | 3 Qtrs |
| Net change in accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$75.00K | USD | 3 Qtrs |
| Allowance for receivables |
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
$350.00K | USD | 3 Qtrs |
| Trading securities |
IncreaseDecreaseInTradingSecurities
|
$-14.28M | USD | 3 Qtrs |
| Brokerage and other receivables |
IncreaseDecreaseInOtherReceivables
|
$28.97M | USD | 3 Qtrs |
| Loans issued |
IncreaseDecreaseInOtherLoans
|
$-5.64M | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$292.00K | USD | 3 Qtrs |
| Customer liabilities |
IncreaseDecreaseInCustomerLiabilities
|
$32.62M | USD | 3 Qtrs |
| Current income tax liability |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$81.00K | USD | 3 Qtrs |
| Trade payables |
IncreaseDecreaseInAccountsPayableTrade
|
$4.93M | USD | 3 Qtrs |
| Securities sold, not yet purchased |
IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
|
$-1.07M | USD | 3 Qtrs |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$526.00K | USD | 3 Qtrs |
| Net cash flows from/used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$45.88M | USD | 3 Qtrs |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.31M | USD | 3 Qtrs |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$268.00K | USD | 3 Qtrs |
| Proceeds from sale of intangible assets |
ProceedsFromSaleOfIntangibleAssets
|
- | USD | 3 Qtrs |
| Proceeds from sale/(purchase) of available-for-sale securities, at fair value |
GainLossOnSaleOfInvestments
|
$-235.00K | USD | 3 Qtrs |
| Consideration paid for Asyl |
PaymentsToAcquireBusinessesGross
|
$2.24M | USD | 3 Qtrs |
| Cash received from acquisitions |
CashAcquiredFromAcquisition
|
- | USD | 3 Qtrs |
| Net cash flows used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-6.05M | USD | 3 Qtrs |
| Proceeds from/(repurchase of) securities repurchase agreement obligations |
ProceedsFromRepurchaseOfSecuritiesRepurchaseAgreementObligation
|
$-65.24M | USD | 3 Qtrs |
| Proceeds from issuance of debt securities |
ProceedsFromIssuanceOfDebtSecurities
|
$22.06M | USD | 3 Qtrs |
| Repurchase of debt securities |
RepurchaseOfDebtSecurities
|
$3.35M | USD | 3 Qtrs |
| Proceeds from loans received |
ProceedsFromLoansReceived
|
$5.62M | USD | 3 Qtrs |
| Repayment of loans |
RepaymentOfLoansReceived
|
$-8.14M | USD | 3 Qtrs |
| Capital contributions |
ProceedsFromCapitalContributions
|
$245.00K | USD | 3 Qtrs |
| Private placement |
ProceedsFromIssuanceOfPrivatePlacement
|
- | USD | 3 Qtrs |
| Net cash flows used in/from financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-48.81M | USD | 3 Qtrs |
| Effect of changes in foreign exchange rates on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-10.19M | USD | 3 Qtrs |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-19.16M | USD | 3 Qtrs |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$87.69M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$68.53M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$87.69M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$68.53M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$10.65M | USD | 3 Qtrs |
| Income tax paid |
IncomeTaxesPaid
|
$417.00K | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.