10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-014157`
Period End Date	20161031
Filing Date	20161219
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	gmgi-20161031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 30 Cash Flow Statement 50

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`Cash`	$2.30K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`Cash`	$3.65K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableNetCurrent`	$10.00K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableNetCurrent`	$27.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.30K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.15K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.30K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$31.15K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.98B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.98B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33,334.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	389.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.22B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.47B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33,334.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$24.95K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.95K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.47B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	389.67M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.22B	shares	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$165.97K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$78.45K	USD	Point-in-time
Advances from shareholders	`OtherLoansPayableCurrent`	$1.00K	USD	Point-in-time
Advances from shareholders	`OtherLoansPayableCurrent`	$1.00K	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$259.17K	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$107.51K	USD	Point-in-time
Notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$1.68M	USD	Point-in-time
Notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$1.25M	USD	Point-in-time
Derivative liabilities - note conversion features	`DerivativeLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Derivative liabilities - note conversion features	`DerivativeLiabilitiesCurrent`	$1.94M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$3.99M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$2.57M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.99M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.57M	USD	Point-in-time
Common stock: $0.00001 par value; 2,980,000,000 shares authorized; 1,216,829,886 and 389,670,767 shares issued and outstanding, respectively	`CommonStockValue`	$3.99K	USD	Point-in-time
Common stock: $0.00001 par value; 2,980,000,000 shares authorized; 1,216,829,886 and 389,670,767 shares issued and outstanding, respectively	`CommonStockValue`	$12.17K	USD	Point-in-time
Common stock: $0.00001 par value; 2,980,000,000 shares authorized; 1,216,829,886 and 389,670,767 shares issued and outstanding, respectively	`CommonStockValue`	$1.80M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$24.89M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$24.71M	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`	$-27.43M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-28.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-2.54M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-3.98M	USD	Point-in-time
Total liabilities and shareholders' EQUITY	`LiabilitiesAndStockholdersEquity`	$12.30K	USD	Point-in-time
Total liabilities and shareholders' EQUITY	`LiabilitiesAndStockholdersEquity`	$31.15K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	$30.00K	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$3.59K	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$5.00K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$72.73K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$216.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$30.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.94K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-87.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-251.24K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-57.67K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-251.24K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-806.87K	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-194.92K	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-807.14K	USD	1 Quarter
Interest on convertible notes	`InterestExpenseDebt`	$-300.66K	USD	1 Quarter
Interest on convertible notes	`InterestExpenseDebt`	$-1.58M	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-1.63M	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.31M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Per share information Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesOutstandingBasic`	1,158.00	shares	1 Quarter
Per share information Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesOutstandingBasic`	740.91M	shares	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasicAndDiluted`	$-1.41K	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Convertible debt interest expense	`NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1`	$300.66K	USD	1 Quarter
Convertible debt interest expense	`NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1`	$1.49M	USD	1 Quarter
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-194.92K	USD	1 Quarter
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-807.14K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-806.87K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.50K	USD	1 Quarter
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	-	USD	1 Quarter
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$7.08K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.84K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.00K	USD	1 Quarter
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$87.53K	USD	1 Quarter
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	1 Quarter
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$88.92K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.00K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.36K	USD	1 Quarter
Purchase of computer equipment	`PaymentsToAcquireOtherProductiveAssets`	-	USD	1 Quarter
Purchase of computer equipment	`PaymentsToAcquireOtherProductiveAssets`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$240.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Due to related party	`ProceedsFromContributionsFromAffiliates`	$6.00K	USD	1 Quarter
Due to related party	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromLoans`	-	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromLoans`	-	USD	1 Quarter
Common stock issued for asset purchase	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Common stock issued for asset purchase	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$246.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.36K	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.65K	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.30K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.65K	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
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.30K	USD	Point-in-time
Shares issued for mineral property	`SharesIssuedForMineralProperty`	-	USD	1 Quarter
Shares issued for mineral property	`SharesIssuedForMineralProperty`	-	USD	1 Quarter

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