10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-003083`
Period End Date	20180430
Filing Date	20180615
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	gmgi-20180430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 58

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.80K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.94K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableNetCurrent`	$250.65K	USD	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$340.59K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.67K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$87.67K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$340.59K	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`	2.48B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.95K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.09K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.99B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	141.10M	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$416.21K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.99B	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
Advance from shareholders	`OtherLoansPayableCurrent`	$1.00K	USD	Point-in-time
Advance from shareholders	`OtherLoansPayableCurrent`	$1.00K	USD	Point-in-time
Accrued interest	`DepositLiabilitiesAccruedInterest`	$147.41K	USD	Point-in-time
Accrued interest	`DepositLiabilitiesAccruedInterest`	$161.00K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$30.00K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$51.78K	USD	Point-in-time
Convertible notes payable, net - in default	`NotesAndLoansPayable`	$85.66K	USD	Point-in-time
Convertible notes payable, net - in default	`NotesAndLoansPayable`	$40.21K	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`	$101.91K	USD	Point-in-time
Derivative liabilities - note conversion features	`DerivativeLiabilitiesCurrent`	$136.18K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.56M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.56M	USD	Point-in-time
Common stock: $0.00001 par value; 4,000,000,000 and 2,480,000,000 shares authorized; 1,992,904,757 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; 1,992,904,757 and 141,096,983 shares issued and outstanding, respectively	`CommonStockValue`	$19.93K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$25.35M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$26.06M	USD	Point-in-time
Stock payable	`StockPayable`	$1.20K	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`	$-27.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.89M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-1.76M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-1.22M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-1.54M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$87.67K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$340.59K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Sales- related party	`SalesRevenueNet`	$405.15K	USD	3 Qtrs
Sales- related party	`SalesRevenueNet`	$345.15K	USD	1 Quarter
Sales- related party	`SalesRevenueNet`	$30.00K	USD	1 Quarter
Sales- related party	`SalesRevenueNet`	$90.00K	USD	3 Qtrs
Accounting and audit fees	`AccountingAndAuditFees`	$36.40K	USD	3 Qtrs
Accounting and audit fees	`AccountingAndAuditFees`	$3.75K	USD	1 Quarter
Accounting and audit fees	`AccountingAndAuditFees`	$4.00K	USD	1 Quarter
Accounting and audit fees	`AccountingAndAuditFees`	$18.91K	USD	3 Qtrs
Amortization expense	`OtherDepreciationAndAmortization`	$91.89K	USD	3 Qtrs
Amortization expense	`OtherDepreciationAndAmortization`	$68.13K	USD	1 Quarter
Amortization expense	`OtherDepreciationAndAmortization`	-	USD	1 Quarter
Amortization expense	`OtherDepreciationAndAmortization`	-	USD	3 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$54.15K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$50.30K	USD	3 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$80.18K	USD	3 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$350.40K	USD	3 Qtrs
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$57.03K	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$229.80K	USD	1 Quarter
G&A expenses- related party	`CostsAndExpensesRelatedParty`	$189.32K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$1.68K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.58K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$26.52K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$9.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$301.60K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$567.89K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$62.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$365.13K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-19.99K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-211.60K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-162.75K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-32.71K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$806.87K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$814.00	USD	3 Qtrs
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-114.06K	USD	3 Qtrs
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$1.41M	USD	3 Qtrs
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$270.45K	USD	1 Quarter
Fair value change of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$15.82K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-132.81K	USD	3 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-37.51K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-384.24K	USD	3 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-31.09K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$232.94K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.84M	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-15.26K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-246.06K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$1.63M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$200.23K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-35.25K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-408.81K	USD	3 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	767.76M	shares	3 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.84M	shares	3 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	73.82M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.48B	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	767.76M	shares	3 Qtrs
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.30B	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.48B	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.22B	shares	3 Qtrs
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income/(loss) per common share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income/(loss) per common share - Dilutied	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$1.63M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$200.23K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-35.25K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-408.81K	USD	3 Qtrs
Amortization expense	`DepreciationAndAmortization`	$88.29K	USD	3 Qtrs
Amortization expense	`DepreciationAndAmortization`	$315.21K	USD	3 Qtrs
Fair value of stock option issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	3 Qtrs
Fair value of stock option issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$91.89K	USD	3 Qtrs
Fair value of shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$198.70K	USD	3 Qtrs
Fair value of shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Penalty on convertible notes payable	`PenaltyOnConvertibleNotesPayable`	-	USD	3 Qtrs
Penalty on convertible notes payable	`PenaltyOnConvertibleNotesPayable`	$8.00K	USD	3 Qtrs
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-114.06K	USD	3 Qtrs
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$1.41M	USD	3 Qtrs
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$270.45K	USD	1 Quarter
Loss (Gain) from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$15.82K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$806.87K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$814.00	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.50K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-188.15K	USD	3 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	-	USD	3 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	-	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.51K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$71.32K	USD	3 Qtrs
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$21.22K	USD	3 Qtrs
(Decrease) increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$246.20K	USD	3 Qtrs
(Decrease) increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$61.94K	USD	3 Qtrs
(Decrease) increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$31.06K	USD	3 Qtrs
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.77K	USD	3 Qtrs
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.50K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	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`	-	USD	3 Qtrs
Proceeds from sale of stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Proceeds from sale of stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$38.00K	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$38.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00K	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.77K	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.50K	USD	3 Qtrs
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`	$23.80K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$89.94K	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`	$23.80K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$89.94K	USD	Point-in-time
Common stock issued for conversion of debt	`ConversionOfStockAmountIssued1`	$374.96K	USD	3 Qtrs
Common stock issued for conversion of debt	`ConversionOfStockAmountIssued1`	$600.46K	USD	3 Qtrs
Debt discount from derivative liability	`DebtDiscountFromDerivativeLiability`	$46.00K	USD	3 Qtrs
Debt discount from derivative liability	`DebtDiscountFromDerivativeLiability`	$38.00K	USD	3 Qtrs
Shares issued for settlement of accounts payable related party	`SharesIssuedForSettlementOfAccountsPayableRelatedParty`	$60.00K	USD	3 Qtrs
Shares issued for settlement of accounts payable related party	`SharesIssuedForSettlementOfAccountsPayableRelatedParty`	-	USD	3 Qtrs

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