10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001393905-12-000708`
Period End Date	20121031
Filing Date	20121214
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	srgl-20121031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 41 Cash Flow Statement 49

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Unamortized debt discount	`DebtInstrumentUnamortizedDiscount`	$45.34K	USD	Point-in-time
Unamortized debt discount	`DebtInstrumentUnamortizedDiscount`	$69.39K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$15.62K	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
Cash	`Cash`	$6.08K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$140.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$815.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.89K	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`	60.97M	shares	Point-in-time
Computer equipment	`ComputerEquipment`	$1.60K	USD	Point-in-time
Computer equipment	`ComputerEquipment`	$1.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.97M	shares	Point-in-time
Mineral property	`MineralPropertiesNet`	$85.00K	USD	Point-in-time
Mineral property	`MineralPropertiesNet`	$85.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.38M	shares	Point-in-time
Total assets	`Assets`	$102.61K	USD	Point-in-time
Total assets	`Assets`	$93.49K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$4.96K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$3.43K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$122.16K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.11K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$155.59K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$177.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$304.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$291.13K	USD	Point-in-time
Total liabilities	`Liabilities`	$304.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$291.13K	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Common stock value	`CommonStockValue`	$51.38K	USD	Point-in-time
Common stock value	`CommonStockValue`	$60.97K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$14.03M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-683.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-528.00	USD	Point-in-time
Deficit accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-14.30M	USD	Point-in-time
Deficit accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-14.21M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-211.35K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-188.52K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$93.49K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$102.61K	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Accounting and audit fees	`ProfessionalFees`	$13.15K	USD	1 Quarter
Accounting and audit fees	`ProfessionalFees`	$192.99K	USD	18 Qtrs
Accounting and audit fees	`ProfessionalFees`	$15.13K	USD	1 Quarter
Depreciation	`DepreciationExpense`	$246.00	USD	1 Quarter
Depreciation	`DepreciationExpense`	$370.00	USD	18 Qtrs
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$-7.00	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$5.62K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$9.16K	USD	18 Qtrs
Legal fees	`LegalFees`	$16.70K	USD	1 Quarter
Legal fees	`LegalFees`	$8.98K	USD	1 Quarter
Legal fees	`LegalFees`	$255.96K	USD	18 Qtrs
Management fees	`ProfessionalAndContractServicesExpense`	$18.00K	USD	1 Quarter
Management fees	`ProfessionalAndContractServicesExpense`	$11.18M	USD	18 Qtrs
Management fees	`ProfessionalAndContractServicesExpense`	$18.00K	USD	1 Quarter
Mineral property option impairment	`OtherAssetImpairmentCharges`	$2.20M	USD	18 Qtrs
Mineral property exploration costs	`ExplorationCosts`	$159.26K	USD	18 Qtrs
Mineral property exploration costs	`ExplorationCosts`	$3.32K	USD	1 Quarter
Office expenses	`GeneralAndAdministrativeExpense`	$8.79K	USD	1 Quarter
Office expenses	`GeneralAndAdministrativeExpense`	$3.63K	USD	1 Quarter
Office expenses	`GeneralAndAdministrativeExpense`	$113.46K	USD	18 Qtrs
Tax penalties and interest	`IncomeTaxExaminationPenaltiesAndInterestExpense`	$80.35K	USD	18 Qtrs
Total expenses	`OperatingExpenses`	$14.19M	USD	18 Qtrs
Total expenses	`OperatingExpenses`	$55.04K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$-56.52K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$1.81K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$33.97K	USD	18 Qtrs
Accretion of convertible note discount	`AccretionOfDiscount`	$70.55K	USD	18 Qtrs
Accretion of convertible note discount	`AccretionOfDiscount`	$32.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.30M	USD	18 Qtrs
Net loss	`NetIncomeLoss`	$-88.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.52K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-155.00	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$6.83K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-683.00	USD	18 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-49.68K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-14.30M	USD	18 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-89.13K	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	49.94M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	55.66M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-56.52K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-14.30M	USD	18 Qtrs
Net Loss	`ProfitLoss`	$-88.98K	USD	1 Quarter
Accretion of discount on convertible notes and interest	`AccretionOfDiscount`	$70.55K	USD	18 Qtrs
Accretion of discount on convertible notes and interest	`AccretionOfDiscount`	$32.13K	USD	1 Quarter
Interest expense - beneficial interest conversion feature of convertible notes	`DebtInstrumentConvertibleInterestExpense`	$30.00K	USD	18 Qtrs
Depreciation	`DepreciationExpense`	$246.00	USD	1 Quarter
Depreciation	`DepreciationExpense`	$370.00	USD	18 Qtrs
Mineral property option costs	`CostsIncurredAcquisitionOfOilAndGasProperties`	$1.84K	USD	18 Qtrs
Impairment loss on mineral property option	`LossesGainsOnSalesOfAssetsAndAssetImpairmentCharges`	$2.20M	USD	18 Qtrs
Management fees from stock options	`StockOptionPlanExpense`	$10.96M	USD	18 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$3.97K	USD	18 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$1.81K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-815.00	USD	18 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-675.00	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-994.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$122.16K	USD	18 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.95K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.97K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.49K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.42K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-911.37K	USD	18 Qtrs
Acquisition of computer equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$-1.97K	USD	18 Qtrs
Mineral property option acquisition	`SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves`	$-204.89K	USD	18 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-206.87K	USD	18 Qtrs
Proceeds from sale of common stock, net cash commission	`ProceedsFromIssuanceOfCommonStock`	$952.38K	USD	18 Qtrs
Proceeds from sale of common stock, net cash commission	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	1 Quarter
Proceeds from prommissory notes	`ProceedsFromOtherDebt`	$54.50K	USD	1 Quarter
Proceeds from prommissory notes	`ProceedsFromOtherDebt`	$167.66K	USD	18 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$1.53K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$4.96K	USD	18 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	18 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$56.03K	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.83K	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-155.00	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-683.00	USD	18 Qtrs
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$-19.66K	USD	1 Quarter
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$-9.54K	USD	1 Quarter
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$6.08K	USD	18 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.62K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.44K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.08K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.62K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.44K	USD	Point-in-time
Shares issued for mineral property	`StockIssued`	$2.08M	USD	18 Qtrs

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