Freedom Holdings, Inc. Files Quarterly Report on Form 10-Q

TL;DR

<b>Freedom Holdings, Inc. has filed its quarterly report (Form 10-Q) for the period ending December 31, 2023.</b>

AI Summary

Freedom Holdings, Inc. (TAAG) filed a Quarterly Report (10-Q) with the SEC on February 20, 2024. Freedom Holdings, Inc. filed a Form 10-Q for the quarterly period ended December 31, 2023. The company's principal executive offices are located at 10524 Independence Ave, Chatsworth, CA 91311. Freedom Holdings, Inc. was incorporated in Florida. The IRS Employer Identification Number for the company is 56-2560951. The filing is for the quarterly period ended December 31, 2023.

Why It Matters

For investors and stakeholders tracking Freedom Holdings, Inc., this filing contains several important signals. This filing provides investors and analysts with an update on the company's financial performance and operational status for the most recent quarter. The Form 10-Q is a standard SEC filing that allows the public to track the financial health and business activities of publicly traded companies.

Risk Assessment

Risk Level: — Freedom Holdings, Inc. shows moderate risk based on this filing. The filing is a routine quarterly report and does not contain specific financial performance data or significant business updates that would indicate a change in risk profile.

Analyst Insight

Monitor future filings for detailed financial results and any strategic developments from Freedom Holdings, Inc.

Key Players & Entities

• Freedom Holdings, Inc. (company) — Filer name
• December 31, 2023 (date) — Quarterly period ended
• 10524 Independence Ave, Chatsworth, CA 91311 (address) — Principal Executive Offices
• Florida (jurisdiction) — State of Incorporation
• 56-2560951 (identifier) — IRS Employer Identification No.
• 818 - 357-3155 (phone_number) — Registrant's telephone number
• 000-54853 (identifier) — Commission file number

FAQ

Industry Context

Freedom Holdings, Inc. operates in the loan broker industry, as indicated by its SIC code.

Regulatory Implications

The filing adheres to Section 13 or 15(d) of the Securities Exchange Act of 1934, requiring quarterly reporting for public companies.

What Investors Should Do

1. Review the full Form 10-Q for detailed financial statements and management discussion.
2. Compare the reported quarter's performance against previous periods.
3. Note the company's principal executive office location and contact information.

Key Dates

• 2023-12-31: Quarterly period ended — End date of the reporting period for the Form 10-Q.

Year-Over-Year Comparison

This filing is a standard quarterly report (10-Q) and does not provide comparative data within the provided text.

Key Financial Figures

• $0.0001 — nding of the registrant's common stock, $0.0001 par value per share, as of February 15,

Filing Documents

• fhld_10q.htm (10-Q) — 305KB
• fhld_ex311.htm (EX-31.1) — 11KB
• fhld_ex312.htm (EX-31.2) — 13KB
• fhld_ex321.htm (EX-32.1) — 4KB
• fhld_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-000824.txt (&nbsp;) — 1528KB
• fhld-20231231.xsd (EX-101.SCH) — 17KB
• fhld-20231231_lab.xml (EX-101.LAB) — 103KB
• fhld-20231231_cal.xml (EX-101.CAL) — 20KB
• fhld-20231231_pre.xml (EX-101.PRE) — 81KB
• fhld-20231231_def.xml (EX-101.DEF) — 27KB
• fhld_10q_htm.xml (XML) — 111KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements F-1

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 4

Quantitative and Qualitative Disclosure About Market

Item 3. Quantitative and Qualitative Disclosure About Market 6

Controls and Procedures

Item 4. Controls and Procedures 6

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 7

Risk Factors

Item 1A. Risk Factors 7

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 7

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 7

Mine Safety Disclosures NA

Item 4. Mine Safety Disclosures NA 7

Other Information

Item 5. Other Information 7

Exhibits

Item 6. Exhibits 8

Signatures

Signatures 9 3 Table of Contents

Financial Statements

Item 1. Financial Statements. FREEDOM HOLDINGS, INC. a/k/a FREEDOM ACQUISITION CORP Index to the Condensed Unaudited Financial Statements Page Condensed Balance Sheets as of December 31, 2023 (unaudited) and September 30, 2023 (audited) F-2 Condensed Statements of Operations for the three months ended December 31, 2023 and 2022 (unaudited) F-3 Condensed Statements of Changes in Shareholders' Deficit for the three months ended December 31, 2023 and 2022 (unaudited) F-4 Condensed Statements of Cash Flows for the three months ended December 31, 2023 and 2022 (unaudited) F-5 Notes to the Condensed Financial Statements (unaudited) F-6 F-1 Tbale of Contents FREEDOM HOLDINGS, INC. a/k/a FREEDOM ACQUISITION CORP CONDENSED BALANCE SHEETS December 31, September 30, 2023 2023 ASSETS (unaudited) Current Assets: Cash $ 93 $ 588 Total Current Assets 93 588 TOTAL ASSETS $ 93 $ 588 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable $ 45,662 $ 44,500 Accrued interest 3,224 330 Accrued expenses 240,000 241,297 Total Current Liabilities 288,886 286,127 Non-Current Liabilities Notes payable 126,350 126,350 TOTAL LIABILITIES 415,236 412,477 Stockholders' Deficit Preferred Stock, $ 0.0001 par value, 100,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively. - - Common stock, $ 0.0001 par value, 500,000,000 shares authorized, 55,308,825 and 55,308,825 shares issued and outstanding respectively. 5,531 5,531 Additional paid-in capital 9,765,828 9,765,828 Subscription receivable ( 5,500 ) ( 5,500 ) Accumulated deficit ( 10,181,002 ) ( 10,177,748 ) Total Stockholders' Deficit ( 415,143 ) ( 411,889 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 93 $ 588 The accompanying notes are an integral part of these condensed financial statements. F-2 Tbale of Contents FREEDOM HOLDINGS, INC. a/k/

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements that involve risks and uncertainties. We use words such as "anticipates," "believes," "plans," "expects," "future," "intends," and similar expressions to identify these forward-looking statements. Prospective investors should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under "Risk Factors" and elsewhere in this report . The management's discussion, analysis of financial condition, and results of operations should be read in conjunction with our financial statements and notes thereto contained elsewhere in this report. For example, a few of the uncertainties that could affect the accuracy of forward-looking statements include: (a) an abrupt economic change resulting in an unexpected downturn in demand for our services; (b) governmental restrictions or excessive taxes on our services; (c) economic resources to support the development of our projects; (d) expansion plans, access to potential clients, and advances in technology; and. (e) lack of working capital that could hinder acquisitions for development of our projects. Results of Operations and Critical Accounting Policies and Estimates. The results of operations are based on preparation of financial st

View Full Filing

View this 10-Q filing on SEC EDGAR