10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001393905-11-000822`
Period End Date	20111031
Filing Date	20111213
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	srgl-20111031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 37 Cash Flow Statement 45 Stockholders Equity 54

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$47.11K	USD	Point-in-time
Cash	`Cash`	$27.44K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesCurrent`	$994.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.01M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$480.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$480.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$47.59K	USD	Point-in-time
Total assets	`Assets`	$47.59K	USD	Point-in-time
Total assets	`Assets`	$28.92K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$129.75K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$120.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$120.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$129.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$120.77K	USD	Point-in-time
Preferred stock, $0.001 par value 20,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value 20,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value 180,000,000 shares authorized 50,006,765 (July 31, 2011 - 49,846,765) shares issued and outstanding	`CommonStockValue`	$50.01K	USD	Point-in-time
Common stock, $0.001 par value 180,000,000 shares authorized 50,006,765 (July 31, 2011 - 49,846,765) shares issued and outstanding	`CommonStockValue`	$49.85K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.83M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-628.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.46K	USD	Point-in-time
Deficit accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-13.91M	USD	Point-in-time
Deficit accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-13.97M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-91.86K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-9.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-82.16K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-35.24K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$482.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$47.59K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$28.92K	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Accounting and audit fees	`ProfessionalFees`	$15.13K	USD	1 Quarter
Accounting and audit fees	`ProfessionalFees`	$149.76K	USD	14 Qtrs
Accounting and audit fees	`ProfessionalFees`	$21.38K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$5.62K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$8.90K	USD	14 Qtrs
Legal fees	`LegalFees`	$212.68K	USD	14 Qtrs
Legal fees	`LegalFees`	$21.85K	USD	1 Quarter
Legal fees	`LegalFees`	$8.98K	USD	1 Quarter
Management fees - Note 4	`ProfessionalAndContractServicesExpense`	$2.75M	USD	1 Quarter
Management fees - Note 4	`ProfessionalAndContractServicesExpense`	$18.00K	USD	1 Quarter
Management fees - Note 4	`ProfessionalAndContractServicesExpense`	$11.11M	USD	14 Qtrs
Mineral property option impairment	`OtherAssetImpairmentCharges`	$2.20M	USD	14 Qtrs
Mineral property exploration costs	`ExplorationCosts`	$152.63K	USD	14 Qtrs
Mineral property exploration costs	`ExplorationCosts`	$73.61K	USD	1 Quarter
Office expenses	`GeneralAndAdministrativeExpense`	$7.66K	USD	1 Quarter
Office expenses	`GeneralAndAdministrativeExpense`	$8.79K	USD	1 Quarter
Office expenses	`GeneralAndAdministrativeExpense`	$85.61K	USD	14 Qtrs
Tax penalties and interest	`IncomeTaxExaminationPenaltiesAndInterestExpense`	$47.85K	USD	14 Qtrs
Net Loss	`NetIncomeLoss`	$-9.09K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.30M	USD	Annual
Net Loss	`NetIncomeLoss`	$-102.80K	USD	Annual
Net Loss	`NetIncomeLoss`	$-56.52K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-7.50M	USD	Annual
Net Loss	`NetIncomeLoss`	$-13.97M	USD	14 Qtrs
Net Loss	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$6.83K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.80K	USD	Annual
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-495.00	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-628.00	USD	14 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.65K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.88M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-49.68K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-13.97M	USD	14 Qtrs
Basic loss per share	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44.84M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	49.94M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-102.80K	USD	Annual
Net loss	`NetIncomeLoss`	$-56.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.50M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.97M	USD	14 Qtrs
Net loss	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Mineral property option costs	`CostsIncurredAcquisitionOfOilAndGasProperties`	$1.84K	USD	14 Qtrs
Impairment loss on mineral property option	`LossesGainsOnSalesOfAssetsAndAssetImpairmentCharges`	$2.20M	USD	14 Qtrs
Management fees from stock options	`StockOptionPlanExpense`	$10.96M	USD	14 Qtrs
Management fees from stock options	`StockOptionPlanExpense`	$2.74M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-480.00	USD	14 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$24.79K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-994.00	USD	14 Qtrs
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-994.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.97K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$120.77K	USD	14 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$54.06K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.65K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-687.57K	USD	14 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.49K	USD	1 Quarter
Mineral property option acquisition	`SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves`	$-199.89K	USD	14 Qtrs
Proceeds from sale of common stock, net cash commission	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	1 Quarter
Proceeds from sale of common stock, net cash commission	`ProceedsFromIssuanceOfCommonStock`	$70.00K	USD	1 Quarter
Proceeds from sale of common stock, net cash commission	`ProceedsFromIssuanceOfCommonStock`	$917.38K	USD	14 Qtrs
Promissory note paid	`PaymentsForLoans`	$-1.84K	USD	14 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-20.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$915.53K	USD	14 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-628.00	USD	14 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-495.00	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.83K	USD	1 Quarter
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$-11.15K	USD	1 Quarter
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$27.44K	USD	14 Qtrs
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$-19.66K	USD	1 Quarter
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$52.15K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.44K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$52.15K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.44K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Shares issued for mineral property	`StockIssued`	$2.00M	USD	14 Qtrs

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, shares	`SharesOutstanding`	45.16M	shares	Point-in-time
Beginning Balance, shares	`SharesOutstanding`	44.40M	shares	Point-in-time
Beginning Balance, shares	`SharesOutstanding`	44.40M	shares	Point-in-time
Beginning Balance, shares	`SharesOutstanding`	49.85M	shares	Point-in-time
Beginning Balance, shares	`SharesOutstanding`	50.01M	shares	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-91.86K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-9.09K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-82.16K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-35.24K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$482.00	USD	Point-in-time
Common stock issued for cash, at $0.25 per share, shares	`CommonStockIssuedForCashAt025PerShareShares`	160,000.00	shares	1 Quarter
Common stock issued for cash, at $0.25 per share, shares	`CommonStockIssuedForCashAt025PerShareShares`	400,000.00	shares	Annual
Common stock issued for cash, at $0.25 per share, value	`CommonStockIssuedForCashAt025PerShareValue`	$100.00K	USD	Annual
Common stock issued for cash, at $0.25 per share, value	`CommonStockIssuedForCashAt025PerShareValue`	$40.00K	USD	1 Quarter
Common stock issued for cash, at $1.00 per share, shares	`CommonStockIssuedForCashAt100PerShareShares`	220,000.00	shares	Annual
Common stock issued for cash, at $1.00 per share, value	`CommonStockIssuedForCashAt100PerShareValue`	$220.00K	USD	Annual
Common stock issued for cash, at $1.50 per share, shares	`CommonStockIssuedForCashAt150PerShareShares`	33,333.00	shares	Annual
Common stock issued for cash, at $1.50 per share, value	`CommonStockIssuedForCashAt150PerShareValue`	$50.00K	USD	Annual
Common stock issued for cash, at $1.18 per share, shares	`CommonStockIssuedForCashAt118PerShareShares`	105,932.00	shares	Annual
Common stock issued for cash, at $1.18 per share, value	`CommonStockIssuedForCashAt118PerShareValue`	$125.00K	USD	Annual
Capital contribution by former president - Note 5	`ProceedsFromContributedCapital`	$3.99M	USD	Annual
Capital contribution by former president - Note 5	`ProceedsFromContributedCapital`	$6.97M	USD	Annual
Common stock issued for mineral property, shares	`StockIssuedDuringPeriodSharesPurchaseOfAssets`	4.00M	shares	Annual
Common stock issued for mineral property, value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.00M	USD	Annual
Common stock issued for cash, at $0.50 per share, shares	`CommonStockIssuedForCashAt050PerShareShares`	100,000.00	shares	Annual
Common stock issued for cash, at $0.50 per share, value	`CommonStockIssuedForCashAt050PerShareValue`	$50.00K	USD	Annual
Common stock issued for cash, at $0.64 per share, shares	`CommonStockIssuedForCashAt064PerShareShares`	31,250.00	shares	Annual
Common stock issued for cash, at $0.64 per share, value	`CommonStockIssuedForCashAt064PerShareValue`	$20.00K	USD	Annual
Common stock issued for cash, at $0.32 per share, shares	`CommonStockIssuedForCashAt032PerShareShares`	281,250.00	shares	Annual
Common stock issued for cash, at $0.32 per share, value	`CommonStockIssuedForCashAt032PerShareValue`	$90.00K	USD	Annual
Common stock issued for cash, at $0.40 per share, shares	`CommonStockIssuedForCashAt040PerShareShares`	275,000.00	shares	Annual
Common stock issued for cash, at $0.40 per share, value	`CommonStockIssuedForCashAt040PerShareValue`	$110.00K	USD	Annual
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$6.83K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.80K	USD	Annual
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-495.00	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-628.00	USD	14 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.65K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-9.09K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-6.30M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-102.80K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-56.52K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-7.50M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-13.97M	USD	14 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Ending Balance, shares	`SharesOutstanding`	45.16M	shares	Point-in-time
Ending Balance, shares	`SharesOutstanding`	44.40M	shares	Point-in-time
Ending Balance, shares	`SharesOutstanding`	44.40M	shares	Point-in-time
Ending Balance, shares	`SharesOutstanding`	49.85M	shares	Point-in-time
Ending Balance, shares	`SharesOutstanding`	50.01M	shares	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-91.86K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-9.09K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-82.16K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-35.24K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$482.00	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.