10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-010929`
Period End Date	20160430
Filing Date	20160620
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	gmgi-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 64 Cash Flow Statement 54

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$63.12K	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$49.54K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.54K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.98B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.98B	shares	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.74M	shares	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.41M	shares	Point-in-time
Mineral property	`MineralPropertiesNet`	$85.00K	USD	Point-in-time
Mineral property	`MineralPropertiesNet`	$85.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$2.85M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$85.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$148.12K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.90M	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.99K	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$3.84M	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$2.36M	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$558.96K	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$209.19K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$367.27K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$322.03K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$479.32K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$25.30M	USD	Point-in-time
Loan payable	`LoansPayable`	-	USD	Point-in-time
Loan payable	`LoansPayable`	$5.07K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$42.82K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$54.82K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$2.97M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$29.80M	USD	Point-in-time
Common stock: $0.00001 par value; 7,980,000,000 shares authorized; 2,405,512 (July 31, 2015 - 1,736,217) shares issued and outstanding (1)	`CommonStockValue`	$17.00	USD	Point-in-time
Common stock: $0.00001 par value; 7,980,000,000 shares authorized; 2,405,512 (July 31, 2015 - 1,736,217) shares issued and outstanding (1)	`CommonStockValue`	$24.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$17.54M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$15.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-683.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-683.00	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-18.68M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-44.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-2.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-26.90M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$148.12K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.90M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	-	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$4.53K	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$20.41K	USD	3 Qtrs
Accounting and audit fees	`LegalFees`	$9.96K	USD	3 Qtrs
Accounting and audit fees	`LegalFees`	$1.27K	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	-	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	$248.59K	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	$258.24K	USD	3 Qtrs
Amortization expense	`DepreciationAndAmortization`	-	USD	3 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$215.40K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$1.15M	USD	3 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$375.44K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$989.73K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$110.00K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$120.00K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$30.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$20.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$-300.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$-8.76K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$-9.71K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$-16.87K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.54M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.14M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-658.28K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-246.97K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$21.15K	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-20.90M	USD	1 Quarter
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$176.56K	USD	3 Qtrs
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-891.00	USD	1 Quarter
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-20.73M	USD	3 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-916.21K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-3.51M	USD	3 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-493.05K	USD	3 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-141.67K	USD	1 Quarter
Total other income (expense)	`OtherNoncashIncomeExpense`	$-316.48K	USD	3 Qtrs
Total other income (expense)	`OtherNoncashIncomeExpense`	$-21.82M	USD	1 Quarter
Total other income (expense)	`OtherNoncashIncomeExpense`	$-142.56K	USD	1 Quarter
Total other income (expense)	`OtherNoncashIncomeExpense`	$-25.76M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.46M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-389.53K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-25.76M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-22.48M	USD	1 Quarter
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	1.49M	shares	1 Quarter
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	2.06M	shares	3 Qtrs
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	782,976.00	shares	3 Qtrs
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	2.22M	shares	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.70	USD	3 Qtrs
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-32.90	USD	3 Qtrs
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-15.12	USD	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.46M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-389.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.76M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.48M	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	-	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	$248.59K	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	$258.24K	USD	3 Qtrs
Amortization expense	`DepreciationAndAmortization`	-	USD	3 Qtrs
Convertible debt interest expense	`InterestAndDebtExpense`	$408.00K	USD	3 Qtrs
Convertible debt interest expense	`InterestAndDebtExpense`	$3.51M	USD	3 Qtrs
Loss from change in fair value of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-20.90M	USD	1 Quarter
Loss from change in fair value of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$176.56K	USD	3 Qtrs
Loss from change in fair value of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-891.00	USD	1 Quarter
Loss from change in fair value of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-20.73M	USD	3 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$12.95K	USD	3 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$13.58K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.32K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.54K	USD	3 Qtrs
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$85.05K	USD	3 Qtrs
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$351.01K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-862.07K	USD	3 Qtrs
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	3 Qtrs
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$650.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-650.00K	USD	3 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	3 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.08M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$845.00K	USD	3 Qtrs
Due to related party	`ProceedsFromRelatedPartyDebt`	$12.00K	USD	3 Qtrs
Due to related party	`ProceedsFromRelatedPartyDebt`	$26.00K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	$5.07K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	-	USD	3 Qtrs
Common stock issued for asset purchase	`ProceedsFromIssuanceOfCommonStock`	$650.00K	USD	3 Qtrs
Common stock issued for asset purchase	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.11M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.51M	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-636.00	USD	3 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$636.00	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$636.00	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Shares issued for mineral property	`StockIssued1`	-	USD	3 Qtrs
Shares issued for mineral property	`StockIssued1`	-	USD	3 Qtrs

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