10-K Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001594062-15-000323`
Period End Date	20150731
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	srgl-20150731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 42 Cash Flow Statement 53

Balance Sheet 52 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`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`Cash`	$636.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$63.12K	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$79.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.98B	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.98B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$63.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$79.88K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.43B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.47B	shares	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.47B	shares	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.43B	shares	Point-in-time
Mineral property	`PropertyPlantAndEquipmentOther`	$85.00K	USD	Point-in-time
Mineral property	`PropertyPlantAndEquipmentOther`	$85.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$148.12K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$164.88K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.28K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.44K	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$521.21K	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$2.36M	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$60.89K	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$209.19K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$479.32K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$322.03K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$10.82K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$42.82K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$2.97M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.09M	USD	Point-in-time
Preferred stock, $0.00001 par value; 20,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 20,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 7,980,000,000 shares authorized; 3,472,433,130 (July 31, 2014 - 1,433,828,416) shares issued and outstanding	`CommonStockValue`	$3.47M	USD	Point-in-time
Common stock, $0.001 par value; 7,980,000,000 shares authorized; 3,472,433,130 (July 31, 2014 - 1,433,828,416) shares issued and outstanding	`CommonStockValue`	$1.43M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.70M	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`	$-18.68M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-16.06M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-929.63K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-2.82M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$164.88K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$148.12K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	Annual
Sales	`SalesRevenueNet`	-	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	-	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Accounting and audit fees	`AccountingAndAuditFees`	$12.68K	USD	Annual
Accounting and audit fees	`AccountingAndAuditFees`	$19.91K	USD	Annual
Depreciation	`Depreciation`	$865.00	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
G&A expenses	`GeneralAndAdministrativeExpense`	$215.91K	USD	Annual
G&A expenses	`GeneralAndAdministrativeExpense`	$1.86M	USD	Annual
Management fees	`ManagementFeeExpense`	$150.00K	USD	Annual
Management fees	`ManagementFeeExpense`	$172.50K	USD	Annual
Professional fees	`ProfessionalFees`	$116.42K	USD	Annual
Professional fees	`ProfessionalFees`	$9.24K	USD	Annual
Tax penalties and interest	`IncomeTaxExaminationPenaltiesAndInterestExpense`	-	USD	Annual
Tax penalties and interest	`IncomeTaxExaminationPenaltiesAndInterestExpense`	-	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-2.04M	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-518.38K	USD	Annual
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
FV change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$221.81K	USD	Annual
FV change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-265.29K	USD	Annual
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-803.15K	USD	Annual
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-596.83K	USD	Annual
Convertible debt discount	`ConvertibleDebtDiscount`	-	USD	Annual
Convertible debt discount	`ConvertibleDebtDiscount`	-	USD	Annual
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.62M	USD	Annual
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.38M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.38M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.62M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.38M	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.62M	USD	Annual
Basic, weighted number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.19B	shares	Annual
Basic, weighted number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	255.48M	shares	Annual
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	Annual
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.00	USD	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.62M	USD	Annual
Net loss	`ProfitLoss`	$-1.38M	USD	Annual
Convertible debt interest expense	`ConvertibleDebtInterestExpense`	$651.99K	USD	Annual
Convertible debt interest expense	`ConvertibleDebtInterestExpense`	$534.83K	USD	Annual
Interest expense - beneficial conversion feature of convertible notes	`InterestExpenseBeneficialConversionFeatureOfConvertibleNotes`	-	USD	Annual
Interest expense - beneficial conversion feature of convertible notes	`InterestExpenseBeneficialConversionFeatureOfConvertibleNotes`	-	USD	Annual
Loss from change in fair value of derivative liability	`LossFromChangeInFairValueOfDerivativeLiability`	$-221.81K	USD	Annual
Loss from change in fair value of derivative liability	`LossFromChangeInFairValueOfDerivativeLiability`	$265.29K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$865.00	USD	Annual
Depreciation	`DepreciationAndAmortization`	-	USD	Annual
Mineral property option costs	`GainLossOnSaleOfProperty`	-	USD	Annual
Mineral property option costs	`GainLossOnSaleOfProperty`	-	USD	Annual
Impairment loss on mineral property option	`ImpairmentLossesRelatedToRealEstatePartnerships`	-	USD	Annual
Impairment loss on mineral property option	`ImpairmentLossesRelatedToRealEstatePartnerships`	-	USD	Annual
Management fees from stock options	`ManagementFeesRevenue`	-	USD	Annual
Management fees from stock options	`ManagementFeesRevenue`	-	USD	Annual
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$16.13K	USD	Annual
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$-79.25K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$815.00	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.16K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.12K	USD	Annual
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$151.16K	USD	Annual
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$61.99K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.01M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-612.07K	USD	Annual
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	Annual
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	Annual
Mineral property option acquisition	`PaymentsToAcquireOilAndGasProperty`	-	USD	Annual
Mineral property option acquisition	`PaymentsToAcquireOilAndGasProperty`	-	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.98M	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$613.40K	USD	Annual
Due to related party	`ProceedsFromRelatedPartyDebt`	$32.00K	USD	Annual
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	-	USD	Annual
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	$-711.00	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$612.69K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.01M	USD	Annual
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$622.00	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-636.00	USD	Annual
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`	$636.00	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.00	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`	$636.00	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.00	USD	Point-in-time
Shares issued for mineral property	`SharesIssuedForMineralProperty`	0.00	shares	Annual
Shares issued for mineral property	`SharesIssuedForMineralProperty`	0.00	shares	Annual

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