Golden Matrix Group, Inc. (GMGI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
TTM
1/31/2021
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,24211,7061,731447252 
Cash and cash equivalents15,24211,7061,731447252 
Receivables2,2431,697265372631043
Inventory, net of allowances, customer advances and progress billings852      
Inventory852      
Prepaid expense110411 1   
Other undisclosed current assets57 1,009   20
Total current assets:18,50413,8153,005820881263
Noncurrent Assets
Operating lease, right-of-use asset237  
Property, plant and equipment31     4
Intangible assets, net (including goodwill)13,229      
Goodwill10,719      
Intangible assets, net (excluding goodwill)2,510      
Other undisclosed noncurrent assets135     81
Total noncurrent assets:13,631     85
TOTAL ASSETS:32,13513,8153,0058208812148
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,208794114213635
Accounts payable     259 
Taxes payable592      
Interest and dividends payable00     
Settlement liabilities  1459   
Other undisclosed accounts payable and accrued liabilities61579(104)521(223)35
Deferred revenue1,367  
Debt  1050911,680 
Derivative instruments and hedges, liabilities  15121361,940 
Due to related parties1992091,56149679678 
Other undisclosed current liabilities1,6402652001,1316702592,936
Total current liabilities:4,4135531,8272,1611,6243,9942,971
Noncurrent Liabilities
Long-term debt and lease obligation144 145    
Long-term debt, excluding current maturities  145    
Operating lease, liability144  
Liabilities, other than long-term debt  21    
Accounts payable and accrued liabilities  21    
Other undisclosed noncurrent liabilities(144) (21)    
Total noncurrent liabilities:144 145    
Total liabilities:4,5575531,9722,1611,6243,9942,971
Stockholders' equity
Stockholders' equity attributable to parent, including:27,57813,2621,033(1,341)(1,536)(3,981)(2,823)
Common stock002826143,472
Additional paid in capital48,82838,32127,44326,84125,35124,70612,389
Accumulated other comprehensive income (loss)55(1)(1)(1)(1)(1)(1)
Accumulated deficit(24,075)(25,073)(26,438)(28,208)(26,889)(28,690)(18,684)
Other undisclosed stockholders' equity attributable to parent2,76915  2  
Other undisclosed stockholders' equity(2,769)    0 
Total stockholders' equity:24,80813,2621,033(1,341)(1,536)(3,981)(2,823)
Other undisclosed liabilities and equity2,769      
TOTAL LIABILITIES AND EQUITY:32,13513,8153,0058208812148

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

1/31/2022
TTM
1/31/2021
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues15,5102,97445391612020 
Revenue from related parties2,1322,2492,429916
Cost of revenue(9,839)(2,000) (72)(50)  
Cost of goods and services sold(9,839)(2,000)  (50)  
Other undisclosed gross profit(147)2,2492,407    
Gross profit:5,5253,2232,8608447020 
Operating expenses(4,327)(2,824)(1,048)(1,835)(320)(5,216)(2,011)
Other undisclosed operating loss      (29)
Operating income (loss):1,1983991,812(991)(250)(5,196)(2,040)
Nonoperating income (expense)57(1)42(327)2,052(4,810)222
Investment income, nonoperating      222
Foreign currency transaction gain, before tax85      
Other nonoperating income (expense)(27)(1)42(327)2,052(4,810) 
Interest and debt expense (12)450854(2,701) 
Other undisclosed loss from continuing operations before equity method investments, income taxes      (803)
Income (loss) from continuing operations before income taxes:1,2553861,900(1,318)2,655(12,708)(2,621)
Income tax expense (benefit)(75)     1,782
Income (loss) from continuing operations:1,1803861,900(1,318)2,655(12,708)(839)
Loss from discontinued operations  (22)    
Income (loss) before gain (loss) on sale of properties:1,1803861,878(1,318)2,655(12,708)(839)
Other undisclosed net loss  (108)   (1,782)
Net income (loss):1,1803861,770(1,318)2,655(12,708)(2,621)
Other undisclosed net income (loss) attributable to parent(29)12 (0)(854)2,701 
Net income (loss) attributable to parent:1,1513981,770(1,318)1,801(10,006)(2,621)
Other undisclosed net loss available to common stockholders, basic(64)      
Net income (loss) available to common stockholders, basic:1,0863981,770(1,318)1,801(10,006)(2,621)
Interest on convertible debt      (803)
Net income (loss) available to common stockholders, diluted:1,0863981,770(1,318)1,801(10,006)(3,424)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
1/31/2021
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net income (loss):1,1803861,770(1,318)2,655(12,708)(2,621)
Comprehensive income (loss), net of tax, attributable to parent:1,1803861,770(1,318)2,655(12,708)(2,621)

Statements sources

The financial statements are based on the company's filings with the 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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