10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001594062-15-000347`
Period End Date	20151031
Filing Date	20151209
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	srgl-20151031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 46

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock Series A shares par value	`PreferredStockSeriesASharesParValue`	-	USD	Point-in-time
Preferred stock Series A shares par value	`PreferredStockSeriesASharesParValue`	-	USD	Point-in-time
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Preferred stock Series A shares authorized	`PreferredStockSeriesASharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock Series A shares authorized	`PreferredStockSeriesASharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Preferred stock Series B shares par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$63.12K	USD	Point-in-time
Preferred stock Series B shares par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$56.03K	USD	Point-in-time
Preferred stock Series B shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock Series B shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock Series B shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock Series B shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$63.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.03K	USD	Point-in-time
Preferred stock Series B shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Preferred stock Series B shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Mineral property	`PropertyPlantAndEquipmentOther`	$85.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Mineral property	`PropertyPlantAndEquipmentOther`	$85.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.98B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.98B	shares	Point-in-time
TOTAL ASSETS	`Assets`	$141.03K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$148.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.74M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.74M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.74M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.60K	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$2.30M	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$2.36M	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$209.19K	USD	Point-in-time
Notes payable interest	`NotesAndLoansPayable`	$298.11K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$1.67M	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$322.03K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$42.82K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$48.82K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$4.36M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$2.97M	USD	Point-in-time
Preferred stock, Series A: $0.00001 par value; 19,999,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, Series A: $0.00001 par value; 19,999,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, Series B: $0.00001 par value; 1,000 shares authorized; 1,000 (July 31, 2015 - 0) issued and outstanding	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Preferred stock, Series B: $0.00001 par value; 1,000 shares authorized; 1,000 (July 31, 2015 - 0) issued and outstanding	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Common stock: $0.00001 par value; 7,980,000,000 shares authorized; 1,737,260 (July 31, 2015 - 1,736,217) shares issued and outstanding (Note 10)	`CommonStockValue`	$3.47M	USD	Point-in-time
Common stock: $0.00001 par value; 7,980,000,000 shares authorized; 1,737,260 (July 31, 2015 - 1,736,217) shares issued and outstanding (Note 10)	`CommonStockValue`	$17.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$16.10M	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`	$-20.32M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-18.68M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-2.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-4.22M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$141.03K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$148.12K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$5.77K	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$3.59K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$18.68K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$216.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$30.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$30.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.65K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.93K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-63.38K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-251.24K	USD	1 Quarter
FV change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$186.90K	USD	1 Quarter
FV change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$194.92K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-1.58M	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-138.68K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperations`	$-15.16K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperations`	$-1.63M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-15.16K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-15.16K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.63M	USD	1 Quarter
Basic, weighted number of common shares outstanding (Note 10)	`WeightedAverageNumberOfSharesIssuedBasic`	1.74M	shares	1 Quarter
Basic, weighted number of common shares outstanding (Note 10)	`WeightedAverageNumberOfSharesIssuedBasic`	1.40M	shares	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.94	USD	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-15.16K	USD	1 Quarter
Convertible debt interest expense	`InterestAndDebtExpense`	$119.06K	USD	1 Quarter
Convertible debt interest expense	`InterestAndDebtExpense`	$1.49M	USD	1 Quarter
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-186.90K	USD	1 Quarter
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-194.92K	USD	1 Quarter
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$7.08K	USD	1 Quarter
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$5.15K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.65K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.84K	USD	1 Quarter
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$19.62K	USD	1 Quarter
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$88.92K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.58K	USD	1 Quarter
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	1 Quarter
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	1 Quarter
Mineral property option acquisition	`PaymentsToAcquireOilAndGasProperty`	-	USD	1 Quarter
Mineral property option acquisition	`PaymentsToAcquireOilAndGasProperty`	-	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 notes payable	`ProceedsFromNotesPayable`	$48.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$240.00K	USD	1 Quarter
Due to related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Due to related party	`ProceedsFromRelatedPartyDebt`	$6.00K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	-	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$246.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.00K	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-581.00	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
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`	$55.00	USD	Point-in-time
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`	-	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`	$55.00	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`	-	USD	Point-in-time
Shares issued for mineral property	`StockIssued1`	-	USD	1 Quarter
Shares issued for mineral property	`StockIssued1`	-	USD	1 Quarter

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