Golden Matrix Group Inc. (GMGI) Financial Statements (2024 and earlier)

Company Profile

Business Address 3651 LINDELL ROAD, STE D131
LAS VEGAS, NV 89103
State of Incorp. NV
Fiscal Year End October 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2024
MRQ
10/31/2023
10/31/2022
1/31/2021
7/31/2019
7/31/2018
7/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  14,95011,7061,73144725
Cash and cash equivalents  14,95011,7061,73144725
Receivables3,5512,6411,69726537263
Inventory, net of allowances, customer advances and progress billings1,7151,148    
Inventory1,7151,148    
Prepaid expense10384411 1 
Deposits current assets      
Other undisclosed current assets17,483466 1,009  
Total current assets:22,85319,28913,8153,00582088
Noncurrent Assets
Operating lease, right-of-use asset57151  
Property, plant and equipment4672    
Intangible assets, net (including goodwill)12,62713,059    
Goodwill10,38210,452    
Intangible assets, net (excluding goodwill)2,2452,607    
Total noncurrent assets:12,73013,282    
TOTAL ASSETS:35,58332,57113,8153,00582088
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,8481,38579411421
Settlement liabilities 1459 
Interest and dividends payable0   
Accounts payable2,200     
Accrued liabilities00    
Other undisclosed accounts payable and accrued liabilities6481,38579(104)521
Deferred revenue    
Debt    105091
Derivative instruments and hedges, liabilities    1512136
Due to related parties312091,561496796
Other undisclosed current liabilities1,6321,2992652001,131670
Total current liabilities:4,4792,7155531,8272,1611,624
Noncurrent Liabilities
Long-term debt and lease obligation    145  
Long-term debt, excluding current maturities    145  
Liabilities, other than long-term debt 60 21  
Accounts payable and accrued liabilities    21  
Operating lease, liability 60  
Other undisclosed noncurrent liabilities    (21)  
Total noncurrent liabilities: 60 145  
Total liabilities:4,4792,7755531,9722,1611,624
Equity
Equity, attributable to parent, including:31,10329,79613,2621,033(1,341)(1,536)
Common stock00028261
Treasury stock, value(32)     
Additional paid in capital57,02451,67838,32127,44326,84125,351
Accumulated other comprehensive income (loss)(73)(206)(1)(1)(1)(1)
Accumulated deficit(25,848)(24,675)(25,073)(26,438)(28,208)(26,889)
Other undisclosed equity, attributable to parent322,99915  2
Total equity:31,10329,79613,2621,033(1,341)(1,536)
TOTAL LIABILITIES AND EQUITY:35,58332,57113,8153,00582088

Income Statement (P&L) ($ in thousands)

1/31/2024
TTM
10/31/2023
10/31/2022
1/31/2021
7/31/2019
7/31/2018
7/31/2017
Revenues44,17436,0352,974453916120
Revenue from related parties8622,2492,429916
Cost of revenue(34,305)(26,872)(2,000) (72)(50)
Cost of goods and services sold(34,305)(26,872)(2,000)  (50)
Other undisclosed gross profit   2,2492,407  
Gross profit:9,8699,1633,2232,86084470
Operating expenses(10,395)(8,970)(2,824)(1,048)(1,835)(320)
Operating income (loss):(526)1923991,812(991)(250)
Nonoperating income (expense)37271(1)42(327)2,052
Loss, foreign currency transaction, before tax (8)     
Other nonoperating income (expense) 271(1)42(327)2,052
Interest and debt expense(12) (12)450854
Income (loss) from continuing operations before equity method investments, income taxes:(502)4633861,900(1,318)2,655
Other undisclosed income from continuing operations before income taxes12     
Income (loss) from continuing operations before income taxes:(489)4633861,900(1,318)2,655
Income tax expense(683)(419)    
Income (loss) from continuing operations:(1,173)443861,900(1,318)2,655
Income (loss) before gain (loss) on sale of properties:3861,878(1,318)2,655
Loss from discontinued operations    (22)  
Other undisclosed net income (loss)2,346  (108)  
Net income (loss):1,173443861,770(1,318)2,655
Net loss attributable to noncontrolling interest  (294)    
Other undisclosed net income (loss) attributable to parent(2,346) 12 (0)(854)
Net income (loss) available to common stockholders, diluted:(1,173)(250)3981,770(1,318)1,801

Comprehensive Income ($ in thousands)

1/31/2024
TTM
10/31/2023
10/31/2022
1/31/2021
7/31/2019
7/31/2018
7/31/2017
Net income (loss):1,173443861,770(1,318)2,655
Other undisclosed comprehensive loss(2,213)(204)    
Comprehensive income (loss):(1,040)(160)3861,770(1,318)2,655
Comprehensive loss, net of tax, attributable to noncontrolling interest  (294)    
Comprehensive income (loss), net of tax, attributable to parent:(1,040)(454)3861,770(1,318)2,655

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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