Golden Matrix Group, Inc. (GMGI) Financial Statements (2023 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)
| 7/31/2023 MRQ | 1/31/2023 MRQ | 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 | 15,424 | 14,950 | 11,706 | 1,731 | 447 | 25 | |||
| Cash and cash equivalents | 15,424 | 14,950 | 11,706 | 1,731 | 447 | 25 | |||
| Receivables | 3,490 | 2,641 | 1,697 | 265 | 372 | 63 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,613 | 1,148 | |||||||
| Inventory | 1,613 | 1,148 | |||||||
| Prepaid expense | 275 | 84 | 411 | 1 | |||||
| Deposits current assets | |||||||||
| Other undisclosed current assets | 413 | 466 | 1,009 | ||||||
| Total current assets: | 21,214 | 19,289 | 13,815 | 3,005 | 820 | 88 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 140 | 151 | ✕ | ✕ | |||||
| Property, plant and equipment | 78 | 72 | |||||||
| Intangible assets, net (including goodwill) | 12,950 | 13,059 | |||||||
| Goodwill | 10,382 | 10,452 | |||||||
| Intangible assets, net (excluding goodwill) | 2,569 | 2,607 | |||||||
| Total noncurrent assets: | 13,169 | 13,282 | |||||||
| TOTAL ASSETS: | 34,383 | 32,571 | 13,815 | 3,005 | 820 | 88 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,098 | 1,385 | 79 | 41 | 14 | 21 | |||
| Settlement liabilities | ✕ | ✕ | ✕ | 145 | 9 | ||||
| Interest and dividends payable | ✕ | ✕ | ✕ | 0 | |||||
| Accrued liabilities | 0 | 0 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 2,098 | 1,385 | 79 | (104) | 5 | 21 | |||
| Deferred revenue | ✕ | ✕ | |||||||
| Debt | 10 | 509 | 1 | ||||||
| Derivative instruments and hedges, liabilities | 15 | 12 | 136 | ||||||
| Due to related parties | ✕ | 29 | 31 | 209 | 1,561 | 496 | 796 | ||
| Other undisclosed current liabilities | 1,702 | 1,299 | 265 | 200 | 1,131 | 670 | |||
| Total current liabilities: | 3,829 | 2,715 | 553 | 1,827 | 2,161 | 1,624 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 145 | ||||||||
| Long-term debt, excluding current maturities | 145 | ||||||||
| Liabilities, other than long-term debt | 38 | 60 | 21 | ||||||
| Accounts payable and accrued liabilities | 21 | ||||||||
| Operating lease, liability | 38 | 60 | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | (21) | ||||||||
| Total noncurrent liabilities: | 38 | 60 | 145 | ||||||
| Total liabilities: | 3,867 | 2,775 | 553 | 1,972 | 2,161 | 1,624 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 30,516 | 29,796 | 13,262 | 1,033 | (1,341) | (1,536) | |||
| Common stock | 0 | 0 | 0 | 28 | 26 | 1 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 55,690 | 51,678 | 38,321 | 27,443 | 26,841 | 25,351 | |||
| Accumulated other comprehensive income (loss) | (53) | (206) | (1) | (1) | (1) | (1) | |||
| Accumulated deficit | (25,118) | (24,675) | (25,073) | (26,438) | (28,208) | (26,889) | |||
| Other undisclosed equity, attributable to parent | (3) | 2,999 | 15 | 2 | |||||
| Total equity: | 30,516 | 29,796 | 13,262 | 1,033 | (1,341) | (1,536) | |||
| TOTAL LIABILITIES AND EQUITY: | 34,383 | 32,571 | 13,815 | 3,005 | 820 | 88 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 1/31/2021 | 7/31/2019 | 7/31/2018 | 7/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 37,935 | 36,035 | 2,974 | 453 | 916 | 120 | ||
| Revenue from related parties | 814 | 862 | 2,249 | 2,429 | 916 | ✕ | ||
| Cost of revenue | (30,685) | (26,872) | (2,000) | (72) | (50) | |||
| Cost of goods and services sold | (28,354) | (26,872) | (2,000) | (50) | ||||
| Other undisclosed gross profit | 2,331 | 2,249 | 2,407 | |||||
| Gross profit: | 9,582 | 9,163 | 3,223 | 2,860 | 844 | 70 | ||
| Operating expenses | (10,122) | (8,970) | (2,824) | (1,048) | (1,835) | (320) | ||
| Operating income (loss): | (540) | 192 | 399 | 1,812 | (991) | (250) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 102 | 271 | (1) | 42 | (327) | 2,052 | ||
| Interest and debt expense | (1) | (12) | 45 | 0 | 854 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (440) | 463 | 386 | 1,900 | (1,318) | 2,655 | ||
| Other undisclosed income from continuing operations before income taxes | 1 | |||||||
| Income (loss) from continuing operations before income taxes: | (439) | 463 | 386 | 1,900 | (1,318) | 2,655 | ||
| Income tax expense | (489) | (419) | ||||||
| Income (loss) from continuing operations: | (928) | 44 | 386 | 1,900 | (1,318) | 2,655 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 1,266 | ✕ | 386 | 1,878 | (1,318) | 2,655 | |
| Loss from discontinued operations | (22) | |||||||
| Other undisclosed net loss | (108) | |||||||
| Net income (loss): | (928) | 44 | 386 | 1,770 | (1,318) | 2,655 | ||
| Net loss attributable to noncontrolling interest | (115) | (294) | ||||||
| Other undisclosed net income (loss) attributable to parent | 115 | 12 | (0) | (854) | ||||
| Net income (loss) attributable to parent: | (928) | (250) | 398 | 1,770 | (1,318) | 1,801 | ||
| Other undisclosed net loss available to common stockholders, basic | (114) | |||||||
| Net income (loss) available to common stockholders, basic: | (1,043) | (250) | 398 | 1,770 | (1,318) | 1,801 | ||
| Dilutive securities, effect on basic earnings per share | 19 | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,024) | (250) | 398 | 1,770 | (1,318) | 1,801 | ||
Comprehensive Income ($ in thousands)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 1/31/2021 | 7/31/2019 | 7/31/2018 | 7/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (928) | 44 | 386 | 1,770 | (1,318) | 2,655 | ||
| Other undisclosed comprehensive income (loss) | 1 | (204) | ||||||
| Comprehensive income (loss): | (926) | (160) | 386 | 1,770 | (1,318) | 2,655 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (115) | (294) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,042) | (454) | 386 | 1,770 | (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.