10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-001230`
Period End Date	20180131
Filing Date	20180313
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	gmgi-20180131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 68 Cash Flow Statement 54

Balance Sheet 65 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.80K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.81K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.17K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Accounts receivable related party	`AccountsReceivableNetCurrent`	$62.50K	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
Total current assets	`AssetsCurrent`	$87.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.31K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$69.31K	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`	19.87M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.48B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	779.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	141.10M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.81K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.47B	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.09K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	223.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	223.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	141.10M	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$376.91K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.47B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	779.01M	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$384.98K	USD	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	`DepositLiabilitiesAccruedInterest`	$147.41K	USD	Point-in-time
Accrued interest	`DepositLiabilitiesAccruedInterest`	$155.53K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$51.78K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$50.47K	USD	Point-in-time
Convertible notes payable, net - in default	`NotesAndLoansPayable`	$53.23K	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`	$208.90K	USD	Point-in-time
Derivative liabilities - note conversion features	`DerivativeLiabilitiesCurrent`	$136.18K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.67M	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; 779,012,961 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; 779,012,961 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; 779,012,961 and 141,096,983 shares issued and outstanding, respectively	`CommonStockValue`	$7.79K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$25.35M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$25.65M	USD	Point-in-time
Stock payable	`StockPayable`	$1.60K	USD	Point-in-time
Stock payable	`StockPayable`	-	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`	$-27.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.89M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-1.60M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-1.54M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.00M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$87.67K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$69.31K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Sales- related party	`SalesRevenueNet`	$60.00K	USD	2 Qtrs
Sales- related party	`SalesRevenueNet`	$30.00K	USD	1 Quarter
Sales- related party	`SalesRevenueNet`	$30.00K	USD	1 Quarter
Sales- related party	`SalesRevenueNet`	$60.00K	USD	2 Qtrs
Accounting and audit fees	`AccountingAndAuditFees`	$3.00K	USD	1 Quarter
Accounting and audit fees	`AccountingAndAuditFees`	$27.40K	USD	1 Quarter
Accounting and audit fees	`AccountingAndAuditFees`	$15.16K	USD	2 Qtrs
Accounting and audit fees	`AccountingAndAuditFees`	$32.40K	USD	2 Qtrs
Amortization expense	`OtherDepreciationAndAmortization`	$23.76K	USD	1 Quarter
Amortization expense	`OtherDepreciationAndAmortization`	$23.76K	USD	2 Qtrs
Amortization expense	`OtherDepreciationAndAmortization`	-	USD	1 Quarter
Amortization expense	`OtherDepreciationAndAmortization`	-	USD	2 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$16.99K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$50.16K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$26.02K	USD	2 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$50.30K	USD	2 Qtrs
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$132.29K	USD	2 Qtrs
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$59.70K	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$54.30K	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$120.60K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.21K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.96K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.96K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.90K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$-151.22K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-107.01K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-202.76K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$-238.89K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-142.76K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-178.89K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-121.22K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-77.01K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$806.87K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$814.00	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$1.14M	USD	2 Qtrs
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$337.17K	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$189.51K	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-129.89K	USD	2 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-28.02K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-101.73K	USD	2 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-46.07K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-346.73K	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$291.11K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$161.50K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-230.80K	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.60M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$169.89K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.43M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-373.56K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$84.48K	USD	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	578.93M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.94M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	423.40M	shares	2 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.47M	shares	2 Qtrs
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	423.40M	shares	2 Qtrs
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	252.44M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.29B	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	248.41M	shares	2 Qtrs
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	$0.19	USD	2 Qtrs
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$169.89K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.43M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-373.56K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$84.48K	USD	1 Quarter
Amortization expense	`DepreciationAndAmortization`	$70.76K	USD	2 Qtrs
Amortization expense	`DepreciationAndAmortization`	$303.17K	USD	2 Qtrs
Fair value of stock option issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$23.76K	USD	2 Qtrs
Fair value of stock option issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Penalty on convertible notes payable	`PenaltyOnConvertibleNotesPayable`	$8.00K	USD	2 Qtrs
Penalty on convertible notes payable	`PenaltyOnConvertibleNotesPayable`	-	USD	2 Qtrs
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$1.14M	USD	2 Qtrs
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$337.17K	USD	1 Quarter
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$189.51K	USD	1 Quarter
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-129.89K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$806.87K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$814.00	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.50K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	-	USD	2 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	-	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.72K	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.76K	USD	2 Qtrs
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$51.92K	USD	2 Qtrs
(Decrease) increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$30.97K	USD	2 Qtrs
(Decrease) increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$162.69K	USD	2 Qtrs
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.50K	USD	2 Qtrs
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.36K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$38.00K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$38.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.36K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.50K	USD	2 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.80K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.81K	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.80K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.81K	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
Common stock issued for conversion of debt	`ConversionOfStockAmountIssued1`	$224.69K	USD	2 Qtrs
Common stock issued for conversion of debt	`ConversionOfStockAmountIssued1`	$559.54K	USD	2 Qtrs
Debt discount from derivative liability	`DebtDiscountFromDerivativeLiability`	$46.00K	USD	2 Qtrs
Debt discount from derivative liability	`DebtDiscountFromDerivativeLiability`	$38.00K	USD	2 Qtrs
Shares issued for settlement of accounts payable related party	`SharesIssuedForSettlementOfAccountsPayableRelatedParty`	-	USD	2 Qtrs
Shares issued for settlement of accounts payable related party	`SharesIssuedForSettlementOfAccountsPayableRelatedParty`	$60.00K	USD	2 Qtrs

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