10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001504412-13-000088`
Period End Date	20130131
Filing Date	20130325
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	srgl-20130131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 60 Cash Flow Statement 57

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$15.62K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$12.99K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$302.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$140.00	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
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$815.00	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$15.76K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$1.12K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentNet`	$1.85K	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentNet`	$1.36K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	66.89M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	51.38M	shares	Point-in-time
MineralPropertiesGross	`MineralPropertiesGross`	$85.00K	USD	Point-in-time
MineralPropertiesGross	`MineralPropertiesGross`	$85.00K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	51.38M	shares	Point-in-time
Assets	`Assets`	$87.47K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	66.89M	shares	Point-in-time
Assets	`Assets`	$102.61K	USD	Point-in-time
AccountsPayableAndAccruedLiabilities	`AccountsPayableAndAccruedLiabilities`	$135.61K	USD	Point-in-time
AccountsPayableAndAccruedLiabilities	`AccountsPayableAndAccruedLiabilities`	$132.11K	USD	Point-in-time
Notes Payable, Current	`NotesPayableCurrent`	$155.59K	USD	Point-in-time
Notes Payable, Current	`NotesPayableCurrent`	$192.83K	USD	Point-in-time
DueToRelatedParties	`DueToRelatedParties`	$3.43K	USD	Point-in-time
DueToRelatedParties	`DueToRelatedParties`	$4.96K	USD	Point-in-time
Liabilities, Current	`LiabilitiesCurrent`	$291.13K	USD	Point-in-time
Liabilities, Current	`LiabilitiesCurrent`	$333.40K	USD	Point-in-time
Liabilities	`Liabilities`	$291.13K	USD	Point-in-time
Liabilities	`Liabilities`	$333.40K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$66.89K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$51.38K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$13.97M	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$14.10M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.94K	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-528.00	USD	Point-in-time
Retained Earnings (Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.40M	USD	Point-in-time
Retained Earnings (Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.21M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$-188.52K	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$-245.93K	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$102.61K	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$87.47K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Accounting and audit fees	`ProfessionalAndContractServicesExpense`	$10.51K	USD	1 Quarter
Accounting and audit fees	`ProfessionalAndContractServicesExpense`	$23.66K	USD	2 Qtrs
Accounting and audit fees	`ProfessionalAndContractServicesExpense`	$30.95K	USD	2 Qtrs
Accounting and audit fees	`ProfessionalAndContractServicesExpense`	$203.49K	USD	19 Qtrs
Accounting and audit fees	`ProfessionalAndContractServicesExpense`	$15.82K	USD	1 Quarter
Depreciation	`Depreciation`	$246.00	USD	1 Quarter
Depreciation	`Depreciation`	$492.00	USD	2 Qtrs
Depreciation	`Depreciation`	$616.00	USD	19 Qtrs
Legal Fees	`LegalFees`	$19.99K	USD	2 Qtrs
Legal Fees	`LegalFees`	$2.10K	USD	1 Quarter
Legal Fees	`LegalFees`	$11.01K	USD	1 Quarter
Legal Fees	`LegalFees`	$258.05K	USD	19 Qtrs
Legal Fees	`LegalFees`	$18.80K	USD	2 Qtrs
Management fees	`ManagementFeeAmountPaid`	$18.00K	USD	1 Quarter
Management fees	`ManagementFeeAmountPaid`	$18.00K	USD	1 Quarter
Management fees	`ManagementFeeAmountPaid`	$11.20M	USD	19 Qtrs
Management fees	`ManagementFeeAmountPaid`	$36.00K	USD	2 Qtrs
Management fees	`ManagementFeeAmountPaid`	$36.00K	USD	2 Qtrs
Mineral property exploration costs	`MineralExtractionProcessingAndMarketingCosts`	$159.26K	USD	19 Qtrs
Mineral property option impairment	`ImpairmentOfOilAndGasProperties`	$2.20M	USD	19 Qtrs
Mineral property option impairment	`ImpairmentOfOilAndGasProperties`	$3.32K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$113.86K	USD	19 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$12.51K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$400.00	USD	1 Quarter
Office expenses	`OtherGeneralAndAdministrativeExpense`	$4.03K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$3.71K	USD	1 Quarter
Tax penalties and interest	`IncomeTaxExaminationPenaltiesAndInterestExpense`	$80.35K	USD	19 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-99.45K	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-48.55K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-31.25K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-14.22M	USD	19 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-86.29K	USD	2 Qtrs
Interest on convertible notes	`InterestExpense`	$2.01K	USD	1 Quarter
Interest on convertible notes	`InterestExpense`	$35.98K	USD	19 Qtrs
Interest on convertible notes	`InterestExpense`	$3.82K	USD	2 Qtrs
Derivative liability expense	`IncreaseDecreaseInDerivativeLiabilities`	$150.85K	USD	19 Qtrs
Derivative liability expense	`IncreaseDecreaseInDerivativeLiabilities`	$80.30K	USD	1 Quarter
Derivative liability expense	`IncreaseDecreaseInDerivativeLiabilities`	$112.43K	USD	2 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.55K	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-99.45K	USD	2 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-113.56K	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.40M	USD	19 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-202.54K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$138.00	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$1.34K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-9.94K	USD	19 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-148.00	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-14.41M	USD	19 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-98.11K	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$202.69K	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-113.56K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-48.41K	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.23M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.08M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	59.40M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	63.15M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.55K	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-99.45K	USD	2 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-113.56K	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.40M	USD	19 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-202.54K	USD	2 Qtrs
Derivative liability expense	`IncreaseDecreaseInDerivativeLiabilities`	$150.85K	USD	19 Qtrs
Derivative liability expense	`IncreaseDecreaseInDerivativeLiabilities`	$80.30K	USD	1 Quarter
Derivative liability expense	`IncreaseDecreaseInDerivativeLiabilities`	$112.43K	USD	2 Qtrs
Interest expense - beneficial conversion feature of convertible notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$30.00K	USD	19 Qtrs
Depreciation	`Depreciation`	$246.00	USD	1 Quarter
Depreciation	`Depreciation`	$492.00	USD	2 Qtrs
Depreciation	`Depreciation`	$616.00	USD	19 Qtrs
Option costs on mineral property	`PaymentsToAcquireOilAndGasProperty`	$1.84K	USD	19 Qtrs
ImpairmentOfIntangibleAssetsExcludingGoodwill	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$2.20M	USD	19 Qtrs
Management fees from stock options	`StockIssuedDuringPeriodValueIssuedForServices`	$10.96M	USD	19 Qtrs
Increase (Decrease) in Prepaid Expense and Other Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-675.00	USD	2 Qtrs
Increase (Decrease) in Prepaid Expense and Other Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-815.00	USD	19 Qtrs
(Decrease) increase in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.82K	USD	2 Qtrs
(Decrease) increase in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.98K	USD	19 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.50K	USD	2 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$136.90K	USD	19 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.79K	USD	2 Qtrs
(Decrease) increase in notes payable, current	`IncreaseDecreaseInNotesPayableCurrent`	$11.77K	USD	2 Qtrs
(Decrease) increase in notes payable, current	`IncreaseDecreaseInNotesPayableCurrent`	$11.77K	USD	19 Qtrs
(Decrease) increase in loans payable	`IncreaseDecreaseInOtherLoans`	$-1.29K	USD	19 Qtrs
(Decrease) increase in loans payable	`IncreaseDecreaseInOtherLoans`	$-1.29K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-907.89K	USD	19 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-111.95K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.20K	USD	2 Qtrs
Payments to Acquire Property, Plant, and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-1.97K	USD	19 Qtrs
Payments to Acquire Mineral Rights	`PaymentsToAcquireMineralRights`	$-204.89K	USD	19 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-206.87K	USD	19 Qtrs
Proceeds from (Repayments of) Notes Payable	`ProceedsFromRepaymentsOfNotesPayable`	$167.66K	USD	19 Qtrs
Proceeds from (Repayments of) Notes Payable	`ProceedsFromRepaymentsOfNotesPayable`	$54.50K	USD	2 Qtrs
Proceeds from (Repayments of) Related Party Debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.50K	USD	2 Qtrs
Proceeds from (Repayments of) Related Party Debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.53K	USD	2 Qtrs
Proceeds from (Repayments of) Related Party Debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$4.96K	USD	19 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$75.00K	USD	2 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$952.38K	USD	19 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	19 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$56.03K	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$76.50K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$138.00	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$1.34K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-9.94K	USD	19 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-148.00	USD	2 Qtrs
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$302.00	USD	19 Qtrs
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.11K	USD	2 Qtrs
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.32K	USD	2 Qtrs
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$15.62K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$12.99K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$302.00	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$15.62K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$12.99K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$302.00	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$47.11K	USD	Point-in-time

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