Golden Matrix Group Inc

For the period ended Oct 31, 2023. Filed Jan 17, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Jan 17, 2024

MRDN$8.20-5.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

Golden Matrix Group, Inc. and Subsidiary
Consolidated Balance Sheets
	October 31, 2023	October 31, 2022
ASSETS
Current assets:
Cash	$17,100,280	$14,949,673
Accounts receivable, net	3,551,383	2,641,023
Accounts receivable – related parties	331,246	413,714
Prepaid expenses	103,271	84,372
Short-term deposit	51,971	52,577
Inventory, prizes	1,714,525	1,147,591
Total current assets	$22,852,676	$19,288,950
Non-current assets:
Property, plant & equipment, net	46,447	72,411
Intangible assets, net	2,245,341	2,607,075
Operating lease right-of-use assets	56,643	150,653
Goodwill	10,381,710	10,452,324
Total non-current assets	12,730,141	13,282,463
Total assets	$35,582,817	$32,571,413
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$2,847,653	$1,385,076
Accounts payable – related parties	12,921	10,637
Accrued income tax liability	476,485	324,147
Deferred revenues	108,106	182,444
Deferred tax liability	18,819	4,409
Current portion of operating lease liability	59,089	95,085
Customer deposits	348,620	109,328
Accrued interest	123	123
Contingent liability	607,607	573,197
Consideration payable – related party	-	30,708
Total current liabilities	4,479,423	2,715,154
Non-current liabilities:
Non-current portion of operating lease liability	-	59,778
Total non-current liabilities	-	59,778
Total liabilities	$4,479,423	$2,774,932
Shareholders’ equity:
Preferred stock: $0.00001 par value; 20,000,000 shares authorized	-	-
Preferred stock, Series B: $0.00001 par value, 1,000 shares designated, 1,000 and 1,000 shares issued and outstanding, respectively	-	-
Common stock: $0.00001 par value; 250,000,000 shares authorized; 36,162,932 and 28,182,575 shares issued and outstanding, respectively	$362	$282
Additional paid-in capital	57,023,788	51,677,727
Accumulated other comprehensive income (loss)	(73,159)	(205,747)
Accumulated deficit	(25,847,597)	(24,674,847)
Total shareholders’ equity of GMGI	31,103,394	26,797,415
Noncontrolling interests	-	2,999,066
Total equity	31,103,394	29,796,481
Total liabilities and shareholders’ equity	$35,582,817	$32,571,413

Golden Matrix Group, Inc. and Subsidiaries

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.