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FRQN on OTC

Frequency Holdings, Inc

Frequency Holdings, Inc is an American business services company, incorporated in Nevada.1 It is headquartered in Mokena, Illinois.1 Its shares trade on OTC under the symbol FRQN.1

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Last updated Oct 21, 2026.

Overview

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  • TickerFRQN on OTC1
  • IndustryServices-Business Services, NEC1
  • HeadquartersMokena, Illinois1
  • Incorporated inNV2
  • Business address8910 West 192Nd Street, Suite N, Mokena, Il 604482
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

66.9%Gross margin3
-127.2%Operating margin3
98.8%Net margin3
17.8%Revenue growth, 20244

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription Services brought in 86% of the revenue Frequency Holdings, Inc broke down this way in fiscal 2024.

  1. Subscription Services$3.8M486%
  2. Product$312.7K47%
  3. Non-Recurring Services Revenue$288.1K46%
Products and services by year
Products and services2024
Subscription Services$3.8M
Product$312.7K
Non-Recurring Services Revenue$288.1K

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue23¢$1.8M
  • Interest22¢$1.8M
  • Profit55¢$4.4M

Out of $4.4M in revenue.43

Financial statements

Revenue5634$4.4M in 2024+7640% since 2020
0$2.0M$4.0M$6.0M2020: $57.5K$57.5K20202021: $3.5K$3.5K2021−94%2022: $0$020222023: $3.8M$3.8M20232024: $4.4M$4.4M2024+18%
Gross profit563$3.0M in 2024+24104% since 2020
-$1.0M0$1.0M$2.0M$3.0M2020: $12.3K$12.3K20202021: -$144.6K-$144.6K20212022: $0$02022−100%2023: $1.2M$1.2M20232024: $3.0M$3.0M2024+146%
Operating income5673-$5.7M in 2024+2471% since 2020
-$8.0M-$6.0M-$4.0M-$2.0M02020: -$220.1K-$220.1K20202021: -$491.5K-$491.5K2021+123%2022: -$340.3K-$340.3K2022−31%2023: -$7.8M-$7.8M2023+2195%2024: -$5.7M-$5.7M2024−28%
Net income5673$4.4M in 2024
-$30.0M-$20.0M-$10.0M0$10.0M2020: -$192.9K-$192.9K20202021: -$602.5K-$602.5K2021+212%2022: -$481.4K-$481.4K2022−20%2023: -$22.9M-$22.9M2023+4659%2024: $4.4M$4.4M2024
Fiscal year2016201920202021202220232024
Revenue$57.5K5$3.5K6$06$3.8M3$4.4M4
Cost of revenue$45.2K5$148.0K6$06$2.6M3$1.8M3
Gross profit$12.3K5-$144.6K6$06$1.2M3$3.0M3
Operating expenses$346.9K6$340.3K7$9.0M3$8.6M3
Operating income-$220.1K5-$491.5K6-$340.3K7-$7.8M3-$5.7M3
Interest$108.7K7$752.5K3$1.8M3
Income tax$05$06$06
Net income-$192.9K5-$602.5K6-$481.4K7-$22.9M3$4.4M3
Earnings per share-$0.086-$0.047-$0.073$0.013
Earnings per share (diluted)-$0.086-$0.047-$0.073$0.013
Shares (weighted, basic)7.9M shares612.8M shares7332.5M shares3375.5M shares3
Shares (weighted, diluted)7.9M shares612.8M shares7332.5M shares3375.5M shares3

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Corporate structure

Frequency Holdings, Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Frequency Holdings, Inc

  • Frequency Holdings, Inc Mokena, Illinois

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Frequency Holdings, Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$1.0M3 Dec 31, 2024
Property and equipment, before depreciation$7.5K3 Dec 31, 2024$1.1M3 Dec 31, 2023−99.3%
Accumulated depreciation$604.7K3 Dec 31, 2023$06 Oct 31, 2022
Property and equipment, net$7.5K3 Dec 31, 2024$445.7K3 Dec 31, 2023−98.3%
Operating-lease assets (leased space)$31.7K3 Dec 31, 2024$519.0K10 Jan 31, 2024−93.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.3M3 Dec 31, 2023$5.4M10 Dec 31, 2022−37.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$03 Dec 31, 2024$03 Dec 31, 2023

Properties, in its own words

The Company currently leases property at the following location:

8910 West 192nd St North, Mokena, Illinois 60448

The rest of Item 2

Our business mailing address is 8910 West 192nd St North, Mokena, Illinois 60448.

Our primary phone number is 312-288-8000.

Item 2 of the 10-K filed Apr 15, 2025.11

Leadership

Who has led Frequency Holdings, Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tracy Fortner2015
20202025
Board members and other officers (1)

Former names

  • Yuenglings Ice Cream CorpSep 20, 2021 to May 22, 20252
  • Aureus, Inc.May 3, 2021 to Sep 17, 20212
  • Aureus IncNov 12, 2014 to Jul 6, 20212

Timeline

  1. May 22, 20258-K Change of auditor13
  2. May 21, 20258-K Change of auditor14
  3. Sep 10, 20248-K Bylaws or fiscal year changed15
  4. Jul 16, 20248-K Bylaws or fiscal year changed16
  5. Apr 30, 20248-K Completed an acquisition or sale17
  6. Apr 15, 20248-K Entered a material agreement18
  7. Mar 28, 20248-K Bylaws or fiscal year changed19
  8. Feb 2, 20248-K Regulation FD disclosure20
  9. Jan 16, 20248-K Completed an acquisition or sale21
  10. Nov 16, 20238-K Executive or director change; Regulation FD disclosure22
  11. Nov 13, 20238-K Entered a material agreement23
  12. Nov 9, 20238-K Ended a material agreement24
  13. Oct 2, 2015New chief executive Tracy Fortner becomes CEO12

Filings

106 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 23 major events, 1 large holders, 59 other. The latest 20:

  1. Jan 12, 202615-12G EDGAR
  2. Nov 19, 202510-Q EDGAR
  3. Nov 14, 2025NT 10-Q EDGAR
  4. Oct 20, 2025PRE 14C EDGAR
  5. Aug 19, 202510-Q EDGAR
  6. Aug 14, 2025NT 10-Q EDGAR
  7. May 22, 20258-K/A EDGAR
  8. May 21, 20258-K EDGAR
  9. May 20, 202510-Q EDGAR
  10. May 15, 2025NT 10-Q EDGAR
  11. Apr 15, 202510-K EDGAR
  12. Mar 31, 2025NT 10-K EDGAR
  13. Mar 12, 2025RW EDGAR
  14. Jan 31, 202510-Q EDGAR
  15. Dec 19, 202410-Q EDGAR
  16. Dec 11, 2024UPLOAD EDGAR
  17. Nov 29, 2024CORRESP EDGAR
  18. Nov 18, 202410-Q EDGAR
  19. Nov 14, 2024UPLOAD EDGAR
  20. Oct 15, 2024UPLOAD EDGAR

The 106 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Frequency Holdings, Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFrequency Holdings, Inc1
  • CIK0001624517
  • Employer ID (EIN)47-189369811
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company11
  • Incorporated inNevada11
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address8910 West 192Nd Street, Suite N, Mokena, IL 604481
  • Phone404-885-60451
  • Shares outstanding1,899,869,698 as of Nov 19, 20254
  • Public float$646.2K as of Dec 31, 202411
  • AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 552511
  • On EDGAR sinceNov 12, 20141
  • Filings180 in all: 8-K (25), UPLOAD (24), 10-Q (21), CORRESP (21), 1-A/A (8), NT 10-Q (8), 1-A POS (7), 10-K (6)1
    All 37 form types

    S-1/A (6), QUALIF (5), 1-A-W (4), 253G2 (4), NT 10-K (4), 10-Q/A (3), 15-12G (3), 8-K/A (3), 1-A (2), 10-12G/A (2), 10-K/A (2), PRE 14C (2), RW (2), S-1 (2), SC 13G (2), 1-U (1), 1-Z (1), 10-12G (1), 10-KT (1), 15-12G/A (1), 3 (1), 424B3 (1), 8-A12G (1), AW (1), AW WD (1), DEF 14C (1), EFFECT (1), RW WD (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2025
    Quarterly report (10-Q) Nov 19, 2025
    Latest 8-K (8-K) May 21, 2025

Risk factors and legal proceedings

Legal proceedings

On April 26, 2024, ReachOut Technology Corp. (“ReachOut”), a wholly-owned subsidiary of the Company filed a lawsuit (Case No. 1:24-cv-03408) in the United States District Court for the Northern District of Illinois, against the former members of RedGear, LLC (“RedGear”) related to certain representations and warranties made by the Defendants, Luciano Aguayo and Armando Gonzalez, in the Membership Interest Purchase Agreement, dated September 29, 2023 and closing on October 2, 2023, under which ReachOut acquired 100% of RedGear. The lawsuit was served on the defendants on April 30, 2024, and the amended complaint, below, was served in June 2024.

In June 2024, ReachOut amended its complaint in the above case including fraud, post-closing misappropriation of funds and opportunities, tortious interference, breach of fiduciary duty, and post-termination illegal activities in violation of the Computer Fraud and Abuse Act (CFAA) attempting to take control of RedGear systems.

On July 2, 2024, the United States District Court for the Northern District of Illinois entered a Temporary Restraining Order against the Defendants in the above case, based on the federal Computer Fraud and Abuse Act, a statute designed to protect against computer hacking.

The opening of Item 3, Legal Proceedings.11

Sources

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