Golden Matrix Group Inc
For the period ended Oct 31, 2023. Filed Jan 17, 2024.
View on SEC.govAbout 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$6.24-23.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Twelve Months Ended | ||||
|---|---|---|---|---|
| October 31, | ||||
| 2023 · 2022 | ||||
| Cash flows from operating activities: | ||||
| Net income (loss) | $(1,172,750) | $44,028 | ||
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | ||||
| Fair value of stock-based compensation | 2,184,011 | 2,659,221 | ||
| Fair value of shares issued for services | 266,000 | 6,000 | ||
| Unrealized foreign exchange gain (loss) on contingent liability | 34,410 | (110,053) | ||
| Amortization expense | 439,933 | 384,588 | ||
| Depreciation of property, plant and equipment | 41,380 | 22,847 | ||
| Changes in operating assets and liabilities: | ||||
| (Increase) decrease in accounts receivable, net | (3,119,642) | (916,387) | ||
| (Increase) decrease in accounts receivable – related party | 82,468 | 816,163 | ||
| (Increase) decrease in prepaid expense | (16,958) | 18,837 | ||
| (Increase) decrease in inventory, prize | (514,860) | (417,886) | ||
| (Increase) decrease in operating lease assets | 96,820 | 96,234 | ||
| (Increase) decrease in receivable from shareholders of subsidiaries | - | 31,359 | ||
| (Decrease) increase in accounts payable and accrued liabilities | 3,665,151 | 391,655 | ||
| (Decrease) increase in accounts payable – related party | 3,675 | (17,590) | ||
| (Decrease) increase in accrued income tax liability | 137,150 | (130,648) | ||
| (Decrease) increase in deferred revenues | (71,166) | (59,755) | ||
| (Decrease) in customer deposit | 249,364 | 46,335 | ||
| (Decrease) increase in operating lease liabilities | (98,619) | (93,530) | ||
| Net cash provided by operating activities | 2,206,367 | 2,771,418 | ||
| Cash flows from investing activities: | ||||
| Cash paid for purchase of RKings | - | (4,024,703) | ||
| Cash paid for purchase of GMGAsset | (30,708) | - | ||
| Cash paid for purchase of GMGI Mexico | - | (2,411) | ||
| Cash paid for leasehold improvement | - | (37,668) | ||
| Cash paid for purchase of fixed assets | (12,465) | (36,755) | ||
| Cash paid for gaming permit | - | (219,934) | ||
| Cash paid for purchase of intangible assets | (52,788) | (83,938) | ||
| Net cash used in investing activities | $(95,961) | $(4,405,409) | ||
| Cash flows from financing activities: | ||||
| Purchase of common stock | (32,322) | - | ||
| Proceeds from option exercise | - | 32,000 | ||
| Net cash provided by (used in) financing activities | $(32,322) | $32,000 | ||
| Effect of exchange rate changes on cash | 72,523 | (245,992) | ||
| Net increase (decrease) in cash and cash equivalents | 2,150,607 | (1,847,983) | ||
| Cash and cash equivalents at beginning of year | 14,949,673 | 16,797,656 | ||
| Cash and cash equivalents at end of the quarter | $17,100,280 | $14,949,673 | ||
| Supplemental cash flows disclosures | ||||
| Interest paid | $12,400 | $ | - | |
| Tax paid | $531,746 | $549,697 | ||
| Supplemental disclosure of non-cash activities | ||||
| Cashless exercise of options | $71 | $1 | ||
| Acquisition of 20% shares of RKings | $2,928,452 | $ | - | |
| Accounts payable settled with accounts receivable – related party | $ | - | $77,019 | |
| Accounts payable settled with accounts receivable | $2,200,000 | $ | - | |
| Intangible asset written down | $ | - | $58,000 | |
| Adjustment to non-controlling interest | $70,614 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.