10-Q Filing

GOLDEN MATRIX GROUP, INC. CIK: 1437925 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001594062-16-000405`
Period End Date	20160131
Filing Date	20160314
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	srgl-20160131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 64 Cash Flow Statement 48

Balance Sheet 70 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
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
Cash and cash equivalents	`Cash`	-	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$63.12K	USD	Point-in-time
Loan receivable	`LoansReceivableNet`	$49.54K	USD	Point-in-time
Preferred stock Series B shares par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock Series B shares par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock Series B shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	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`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$49.54K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.12K	USD	Point-in-time
Preferred stock Series B shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock Series B shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock Series B shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Computer equipment	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$140.35K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	-	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
Mineral property	`PropertyPlantAndEquipmentOther`	$85.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.74M	shares	Point-in-time
Mineral property	`PropertyPlantAndEquipmentOther`	$85.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	131.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	131.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.74M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$85.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$225.35K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$274.89K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$148.12K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$35.00	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.44K	USD	Point-in-time
Notes payable, net of discount	`NotesPayable`	$3.06M	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`	$416.33K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$322.03K	USD	Point-in-time
Notes payable, derivative liability	`DerivativeLiabilities`	$2.12M	USD	Point-in-time
Loan payable	`LoansPayable`	-	USD	Point-in-time
Loan payable	`LoansPayable`	$5.03K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$42.82K	USD	Point-in-time
Due to related party	`DueFromRelatedPartiesCurrent`	$54.82K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$5.67M	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; 131,556,400 (July 31, 2015 - 1,736,217) shares issued and outstanding (1)	`CommonStockValue`	$1.32K	USD	Point-in-time
Common stock: $0.00001 par value; 7,980,000,000 shares authorized; 131,556,400 (July 31, 2015 - 1,736,217) shares issued and outstanding (1)	`CommonStockValue`	$17.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$16.57M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$15.86M	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`	$-21.96M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-18.68M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$-2.82M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$148.12K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$274.89K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	2 Qtrs
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	-	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	-	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$19.14K	USD	2 Qtrs
Accounting and audit fees	`LegalFees`	$5.43K	USD	2 Qtrs
Accounting and audit fees	`LegalFees`	$1.84K	USD	1 Quarter
Accounting and audit fees	`LegalFees`	$13.37K	USD	1 Quarter
Amortization expense	`AmortizationExpense`	$9.65K	USD	2 Qtrs
Amortization expense	`AmortizationExpense`	$9.65K	USD	1 Quarter
Amortization expense	`AmortizationExpense`	-	USD	1 Quarter
Amortization expense	`AmortizationExpense`	-	USD	2 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$774.33K	USD	2 Qtrs
G&A expenses	`GeneralAndAdministrativeExpense`	$565.71K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$755.65K	USD	1 Quarter
G&A expenses	`GeneralAndAdministrativeExpense`	$781.71K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$90.00K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$60.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$60.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$90.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.46K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$462.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.52K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.16K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-642.72K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-893.95K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-891.93K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-828.56K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$21.15K	USD	1 Quarter
Other income	`OtherIncome`	$21.15K	USD	2 Qtrs
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-19.52K	USD	1 Quarter
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$177.46K	USD	2 Qtrs
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$175.40K	USD	2 Qtrs
Fair value change of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-9.44K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-2.59M	USD	2 Qtrs
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-212.70K	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-1.02M	USD	1 Quarter
Interest on convertible notes	`InterestOnConvertibleDebtNetOfTax`	$-351.38K	USD	2 Qtrs
Total other income (expense)	`OtherNoncashIncomeExpense`	$-1.02M	USD	1 Quarter
Total other income (expense)	`OtherNoncashIncomeExpense`	$-2.40M	USD	2 Qtrs
Total other income (expense)	`OtherNoncashIncomeExpense`	$-222.15K	USD	1 Quarter
Total other income (expense)	`OtherNoncashIncomeExpense`	$-173.93K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.05M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.66M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.29M	USD	2 Qtrs
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	1.49M	shares	2 Qtrs
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	47.01M	shares	2 Qtrs
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	1.59M	shares	1 Quarter
Basic, weighted number of common shares outstanding (1)	`WeightedAverageNumberOfSharesIssuedBasic`	92.29M	shares	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.71	USD	2 Qtrs
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.66	USD	1 Quarter
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.07	USD	2 Qtrs
Net profit/(loss) per common share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.07M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-3.29M	USD	2 Qtrs
Amortization expense	`AmortizationExpense1`	$9.65K	USD	2 Qtrs
Amortization expense	`AmortizationExpense1`	-	USD	2 Qtrs
Convertible debt interest expense	`InterestAndDebtExpense`	$2.39M	USD	2 Qtrs
Convertible debt interest expense	`InterestAndDebtExpense`	$324.41K	USD	2 Qtrs
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-175.40K	USD	2 Qtrs
Loss from change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-177.46K	USD	2 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$13.58K	USD	2 Qtrs
(Increase) decrease in loans receivable	`IncreaseDecreaseInReceivables`	$9.84K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.14K	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$38.46K	USD	2 Qtrs
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$208.06K	USD	2 Qtrs
(Decrease) increase in notes payable, interest	`IncreaseDecreaseInNotesPayableCurrent`	$26.97K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-843.64K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-871.71K	USD	2 Qtrs
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	2 Qtrs
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	2 Qtrs
Purchase of intangible assets	`PurchaseOfIntangibleAssets`	-	USD	2 Qtrs
Purchase of intangible assets	`PurchaseOfIntangibleAssets`	$-140.35K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.35K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$35.00	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$845.00K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$843.00K	USD	2 Qtrs
Due to related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Due to related party	`ProceedsFromRelatedPartyDebt`	$12.00K	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	$5.03K	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromConstructionLoansPayable`	-	USD	2 Qtrs
Common stock issued for asset purchase	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Common stock issued for asset purchase	`ProceedsFromIssuanceOfCommonStock`	$150.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.01M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$843.00K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-636.00	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
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`	-	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`	-	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`	-	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	2 Qtrs
Shares issued for mineral property	`StockIssued1`	-	USD	2 Qtrs

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