10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-17-005972`
Period End Date	20171031
Filing Date	20171207
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	gmgi-20171031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 32 Cash Flow Statement 42

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$25.17K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$42.23K	USD	Point-in-time
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
Accounts receivable related party	`AccountsReceivableNetCurrent`	$57.50K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable related party	`AccountsReceivableNetCurrent`	$62.50K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$99.72K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$87.67K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$99.72K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$87.67K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.48B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	19.87M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	223.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.62K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	419.48M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	141.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.47B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	223.00	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$428.26K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	419.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	141.10M	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$384.98K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.47B	shares	Point-in-time
Advances from shareholders	`OtherLoansPayableCurrent`	$1.00K	USD	Point-in-time
Advances from shareholders	`OtherLoansPayableCurrent`	$1.00K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$148.03K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$147.41K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$51.78K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$37.57K	USD	Point-in-time
Convertible notes payable , net - in default	`NotesAndLoansPayable`	$69.31K	USD	Point-in-time
Convertible notes payable , net - in default	`NotesAndLoansPayable`	$85.66K	USD	Point-in-time
Convertible notes payable - related party	`DueToRelatedPartiesCurrent`	$795.71K	USD	Point-in-time
Convertible notes payable - related party	`DueToRelatedPartiesCurrent`	$795.71K	USD	Point-in-time
Derivative liabilities - note conversion features	`DerivativeLiabilitiesCurrent`	$136.18K	USD	Point-in-time
Derivative liabilities - note conversion features	`DerivativeLiabilitiesCurrent`	$442.10K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.94M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.94M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.62M	USD	Point-in-time
Common stock: $0.00001 par value; 4,000,000,000 and 2,480,000,000 shares authorized; 419,484,910 and 141,096,983 shares issued and outstanding, respectively	`CommonStockValue`	$1.41K	USD	Point-in-time
Common stock: $0.00001 par value; 4,000,000,000 and 2,480,000,000 shares authorized; 419,484,910 and 141,096,983 shares issued and outstanding, respectively	`CommonStockValue`	$1.80M	USD	Point-in-time
Common stock: $0.00001 par value; 4,000,000,000 and 2,480,000,000 shares authorized; 419,484,910 and 141,096,983 shares issued and outstanding, respectively	`CommonStockValue`	$4.20K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$25.51M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$25.35M	USD	Point-in-time
Stock payable	`StockPayable`	-	USD	Point-in-time
Stock payable	`StockPayable`	$1.60K	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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.35M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-1.54M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.54M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$99.72K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$87.67K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales- related party	`SalesRevenueNet`	$30.00K	USD	1 Quarter
Sales- related party	`SalesRevenueNet`	$30.00K	USD	1 Quarter
Accounting and audit fees	`AccountingAndAuditFees`	$12.16K	USD	1 Quarter
Accounting and audit fees	`AccountingAndAuditFees`	$5.00K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$9.04K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$144.00	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$66.30K	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$72.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.94K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$95.75K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$87.67K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-65.75K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-57.67K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$806.87K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$814.00	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$807.14K	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-319.40K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-73.71K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-300.66K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-392.30K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.31M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-458.04K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	267.87M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.94M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	209.66M	shares	1 Quarter
Net income/(loss) per common share Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Net income/(loss) per common share Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income/(loss) per common share Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income/(loss) per common share Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-458.04K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.26M	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	-	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	$57.86K	USD	1 Quarter
Penalty on convertible notes payable	`PenaltyOnConvertibleNotesPayable`	$8.00K	USD	1 Quarter
Penalty on convertible notes payable	`PenaltyOnConvertibleNotesPayable`	-	USD	1 Quarter
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$807.14K	USD	1 Quarter
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-319.40K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$806.87K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$814.00	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.00K	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`	-	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$289.66K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.38K	USD	1 Quarter
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$87.53K	USD	1 Quarter
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$43.28K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.94K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.36K	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
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$38.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00K	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.06K	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.36K	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`	$2.30K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$25.17K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$42.23K	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`	$2.30K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$25.17K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$42.23K	USD	Point-in-time
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$644.22K	USD	1 Quarter
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$158.91K	USD	1 Quarter
Debt discount from derivative liability	`DebtDiscountFromDerivativeLiability`	$46.00K	USD	1 Quarter
Debt discount from derivative liability	`DebtDiscountFromDerivativeLiability`	$38.00K	USD	1 Quarter

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