2022 Q3 Form 10-K Financial Statement
#000147793223001577 Filed on March 20, 2023
Income Statement
Concept | 2022 Q3 | 2022 | 2021 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Cost Of Revenue | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Gross Profit | $0.00 | $0.00 | |
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.570K | $4.568K | |
YoY Change | -98.17% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $2.570K | $76.08K | |
YoY Change | -69.57% | ||
Operating Profit | -$2.570K | -$76.08K | |
YoY Change | -69.57% | ||
Interest Expense | -$3.120K | $12.62K | |
YoY Change | -226.2% | ||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$5.690K | -$61.70K | |
YoY Change | -76.27% | ||
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$5.690K | -$61.70K | |
YoY Change | -76.27% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | |
COMMON SHARES | |||
Basic Shares Outstanding | 9.309M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $180.00 | $180.00 | |
YoY Change | |||
Cash & Equivalents | $177.00 | $2.132K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $177.00 | $180.00 | $2.132K |
YoY Change | -91.7% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $177.00 | $180.00 | $2.132K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $177.00 | $180.00 | $2.132K |
YoY Change | -91.7% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $44.69K | $44.69K | $7.861K |
YoY Change | 468.46% | 346.9% | |
Accrued Expenses | $243.7K | $244.2K | $246.2K |
YoY Change | -1.04% | -2.31% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $31.53K | $31.53K | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $320.4K | $320.4K | $255.0K |
YoY Change | 25.67% | 28.18% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $92.20K | $92.20K | |
YoY Change | -7.8% | ||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $92.20K | $92.20K | $96.93K |
YoY Change | -4.88% | -7.8% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $320.4K | $320.4K | $255.0K |
Total Long-Term Liabilities | $92.20K | $92.20K | $96.93K |
Total Liabilities | $412.6K | $412.7K | $351.9K |
YoY Change | 17.25% | 17.9% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$9.778M | -$9.716M | |
YoY Change | 0.64% | ||
Common Stock | $931.00 | $108.00 | |
YoY Change | 762.04% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$412.5K | -$412.5K | -$349.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $177.00 | $180.00 | $2.132K |
YoY Change | -91.7% |
Cashflow Statement
Concept | 2022 Q3 | 2022 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.690K | -$61.70K | |
YoY Change | -76.27% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $247.6K | -$27.78K | |
YoY Change | 38.88% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -308.9K | $25.82K | |
YoY Change | -13.93% | ||
NET CHANGE | |||
Cash From Operating Activities | 247.6K | -$27.78K | |
Cash From Investing Activities | |||
Cash From Financing Activities | -308.9K | $25.82K | |
Net Change In Cash | -61.24K | -$1.955K | |
YoY Change | -119.55% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | $247.6K | -$27.78K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2022 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001386044 | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | |
CY2022 | dei |
Document Fiscal Period Focus
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FY | |
CY2022 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
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2022 | |
CY2021Q3 | fhld |
Note Payable Related Party
NotePayableRelatedParty
|
0 | usd |
CY2021Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2021Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.0001 | |
CY2021Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
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10000000000 | shares |
CY2022 | dei |
Document Type
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10-K | |
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Document Annual Report
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2022-09-30 | |
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Entity File Number
EntityFileNumber
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000-54853 | |
CY2022 | dei |
Entity Registrant Name
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Freedom Holdings, Inc. | |
CY2022 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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FL | |
CY2022 | dei |
Entity Tax Identification Number
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56-2560951 | |
CY2022 | dei |
Entity Address Address Line1
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6461 N 100 E | |
CY2022 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
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Ossian | |
CY2022 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
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IN | |
CY2022 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
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46777 | |
CY2022 | dei |
City Area Code
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260 | |
CY2022 | dei |
Local Phone Number
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490-9990 | |
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Security12g Title
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Common Stock, $0.0001 par value | |
CY2022 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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No | |
CY2022 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
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No | |
CY2022 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | |
CY2022 | dei |
Entity Interactive Data Current
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Yes | |
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Entity Filer Category
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Icfr Auditor Attestation Flag
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Entity Shell Company
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Entity Public Float
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2423063 | usd |
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
9308825 | shares |
CY2022 | dei |
Auditor Name
AuditorName
|
BF Borgers CPA PC | |
CY2022 | dei |
Auditor Firm
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|
5041 | |
CY2022 | dei |
Auditor Location
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Lakewood, CO | |
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Note Payable Related Party
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31530 | usd |
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0.0001 | |
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0 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
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0.0001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
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10000000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
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9308825 | shares |
CY2021Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-9716132 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-349792 | usd |
CY2021Q3 | us-gaap |
Liabilities And Stockholders Equity
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2132 | usd |
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Consulting Services Related Party
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Consulting Services Related Party
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Cost Of Goods And Services Sold
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0 | usd |
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Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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31400 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
0 | usd |
CY2021 | us-gaap |
Gross Profit
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|
0 | usd |
CY2022 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
0 | usd |
CY2021 | us-gaap |
Management Fee Expense
ManagementFeeExpense
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240000 | usd |
CY2022 | us-gaap |
Professional Fees
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|
71510 | usd |
CY2021 | us-gaap |
Professional Fees
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|
2934 | usd |
CY2022 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4568 | usd |
CY2021 | us-gaap |
Selling General And Administrative Expense
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|
2243 | usd |
CY2022 | us-gaap |
Operating Expenses
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|
76078 | usd |
CY2021 | us-gaap |
Operating Expenses
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|
245177 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-76078 | usd |
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Operating Income Loss
OperatingIncomeLoss
|
-245177 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
27000 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2022 | us-gaap |
Interest Expense
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|
12620 | usd |
CY2021 | us-gaap |
Interest Expense
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|
14301 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | fhld |
Basic And Diluted Loss Per Share
BasicAndDilutedLossPerShare
|
-0.00 | |
CY2021 | fhld |
Basic And Diluted Loss Per Share
BasicAndDilutedLossPerShare
|
-0.24 | |
CY2022 | fhld |
Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
|
160376744 | shares |
CY2021 | fhld |
Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
|
1077582 | shares |
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Stockholders Equity
StockholdersEquity
|
-121714 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
0 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
31400 | usd |
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Net Income Loss
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|
-259478 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-349792 | usd |
CY2022 | fhld |
Cancellation Of Common Shares Amount
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|
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CY2022 | us-gaap |
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|
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Stockholders Equity
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Profit Loss
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Profit Loss
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259478 | usd |
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Increase Decrease In Accounts Payable And Accruals
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34273 | usd |
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Increase Decrease In Accounts Payable And Accruals
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Increase Decrease In Accrued Liabilities
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|
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Increase Decrease In Accrued Liabilities
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|
922 | usd |
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Net Cash Provided By Used In Operating Activities
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|
-27775 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
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|
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Proceeds From Paidin Capital Related Party
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|
0 | usd |
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Proceeds From Paidin Capital Related Party
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|
31400 | usd |
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Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
4730 | usd |
CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
4621 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
31530 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd |
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Payments Of Cancellation Of Common Stock
PaymentsOfCancellationOfCommonStock
|
980 | usd |
CY2021 | fhld |
Payments Of Cancellation Of Common Stock
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|
0 | usd |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25820 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
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|
-26779 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1955 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
2113 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2132 | usd |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
19 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
177 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2132 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
12620 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14301 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.</p> | |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
177 | usd |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2132 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
170000 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-9777830 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-61698 | usd |
CY2017Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
50000 | usd |
CY2017Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.15 | pure |
CY2022 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
750.00 | usd |
CY2022Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
92203 | usd |
CY2021Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
96933 | usd |
CY2022Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
573 | usd |
CY2021Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
922 | usd |
CY2022Q3 | fhld |
Note Payable And Accrued Interest
NotePayableAndAccruedInterest
|
92776 | usd |
CY2021Q3 | fhld |
Note Payable And Accrued Interest
NotePayableAndAccruedInterest
|
97855 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
243654 | usd |
CY2021Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
246208 | usd |
CY2021Q4 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
710676 | shares |
CY2021Q4 | fhld |
Series Abc And D Preferred Stock Shares Converted Into Number Of Common Stocks Shares
SeriesABCAndDPreferredStockSharesConvertedIntoNumberOfCommonStocksShares
|
15920945 | shares |
CY2022Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
710496 | shares |
CY2021Q4 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
1 | pure |
CY2021Q4 | fhld |
Share Exchange For Common Stock Shares
ShareExchangeForCommonStockShares
|
311672730 | shares |
CY2021Q4 | fhld |
Share Exchange For Common Stock Per Share Amount
ShareExchangeForCommonStockPerShareAmount
|
1.00 | |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9308825 | shares |
CY2021Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1079116 | shares |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
13000 | usd |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
54000 | usd |
CY2022 | fhld |
Federal Income Taxes Valuation Allowance
FederalIncomeTaxesValuationAllowance
|
-13000 | usd |
CY2021 | fhld |
Federal Income Taxes Valuation Allowance
FederalIncomeTaxesValuationAllowance
|
-54000 | usd |
CY2022 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | usd |
CY2021 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
170000 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
157000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
170000 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
157000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
170000 | usd |
CY2022 | fhld |
Deferred Tax Percentage Rate
DeferredTaxPercentageRate
|
0.21 | pure |