2022 Q2 Form 10-Q Financial Statement

#000147793222004096 Filed on June 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $8.483M $8.877M $3.443M
YoY Change 221.38% 354.91% 130.84%
Cost Of Revenue $8.273M $6.853M $2.514M
YoY Change 320.06% 617.76% 306.12%
Gross Profit $209.6K $2.024M $928.9K
YoY Change -68.72% 103.1% 6.47%
Gross Profit Margin 2.47% 22.8% 26.98%
Selling, General & Admin $1.781M $1.600M $769.8K
YoY Change 81.04% 70.21% -5.21%
% of Gross Profit 849.74% 79.04% 82.87%
Research & Development $1.200K $20.21K $60.47K
YoY Change -94.34% -30.03% 223.89%
% of Gross Profit 0.57% 1.0% 6.51%
Depreciation & Amortization $99.17K $96.70K $14.61K
YoY Change 940.61%
% of Gross Profit 47.32% 4.78% 1.57%
Operating Expenses $1.782M $1.620M $830.3K
YoY Change 77.34% 67.57% -0.06%
Operating Profit $758.5K $404.0K $98.61K
YoY Change 436.16% 1257.57% 136.99%
Interest Expense $114.7K $0.00 -$19.60K
YoY Change -942.76% -100.0% 77.38%
% of Operating Profit 15.12% 0.0% -19.88%
Other Income/Expense, Net $114.7K $85.12K -$40.00K
YoY Change
Pretax Income $873.2K $489.1K $39.01K
YoY Change 582.9% 878.16% 27.65%
Income Tax $171.8K $75.40K
% Of Pretax Income 19.67% 15.42%
Net Earnings $701.4K $413.7K $39.01K
YoY Change 448.07% 693.11% 27.65%
Net Earnings / Revenue 8.27% 4.66% 1.13%
Basic Earnings Per Share $0.02 $0.01
Diluted Earnings Per Share $0.02 $0.01 $1.400K
COMMON SHARES
Basic Shares Outstanding 28.09M shares 27.75M shares
Diluted Shares Outstanding 35.91M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.81M $15.24M $16.80M
YoY Change 34.56% 30.16% 235.28%
Cash & Equivalents $15.81M $15.24M $16.80M
Short-Term Investments
Other Short-Term Assets $327.7K $167.2K $176.2K
YoY Change 514.77% -59.21%
Inventory $918.7K $851.7K $0.00
Prepaid Expenses $109.8K $114.4K
Receivables $2.873M $1.709M $1.763M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.93M $18.50M $20.04M
YoY Change 32.89% 33.95% 194.32%
LONG-TERM ASSETS
Property, Plant & Equipment $49.40K $30.52K $0.00
YoY Change
Goodwill $10.72M $0.00
YoY Change
Intangibles $135.3K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $13.57M $13.63M $415.4K
YoY Change 8150.89%
TOTAL ASSETS
Total Short-Term Assets $19.93M $18.50M $20.04M
Total Long-Term Assets $13.57M $13.63M $415.4K
Total Assets $33.50M $32.13M $20.46M
YoY Change 120.95% 132.62% 200.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.018M $1.208M $1.075M
YoY Change 120.8% 1409.69% 347.83%
Accrued Expenses $817.0K $688.0K $100.3K
YoY Change 680700.0%
Deferred Revenue $1.257M $1.367M $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.496M $4.413M $1.349M
YoY Change 262.29% 698.56% 40.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $121.3K $144.3K $182.0K
YoY Change
Total Long-Term Liabilities $121.3K $144.2K $182.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.496M $4.413M $1.349M
Total Long-Term Liabilities $121.3K $144.2K $182.0K
Total Liabilities $4.618M $4.557M $1.531M
YoY Change 272.06% 724.67% 59.46%
SHAREHOLDERS EQUITY
Retained Earnings -$23.49M -$24.08M -$24.42M
YoY Change -3.98%
Common Stock $281.00 $280.00 $272.00
YoY Change 23.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 666.3K shares 70.33K shares
Shareholders Equity $28.88M $27.58M $18.93M
YoY Change
Total Liabilities & Shareholders Equity $33.50M $32.13M $20.46M
YoY Change 120.95% 132.62% 200.43%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $701.4K $413.7K $39.01K
YoY Change 448.07% 693.11% 27.65%
Depreciation, Depletion And Amortization $99.17K $96.70K $14.61K
YoY Change 940.61%
Cash From Operating Activities $764.4K $1.841M -$101.2K
YoY Change 258.81% 2231.95% -124.68%
INVESTING ACTIVITIES
Capital Expenditures -$66.69K -$53.87K $0.00
YoY Change 14.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.341M $0.00
YoY Change -100.0%
Cash From Investing Activities -$66.70K -$3.395M $0.00
YoY Change -61.51% -1768494.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -200.0 $200.00 3.027M
YoY Change -104.99% -100.0% 78.66%
NET CHANGE
Cash From Operating Activities 764.4K $1.841M -101.2K
Cash From Investing Activities -66.70K -$3.395M 0.000
Cash From Financing Activities -200.0 $200.00 3.027M
Net Change In Cash 697.5K -$1.555M 2.926M
YoY Change 1494.65% -123.23% 39.03%
FREE CASH FLOW
Cash From Operating Activities $764.4K $1.841M -$101.2K
Capital Expenditures -$66.69K -$53.87K $0.00
Free Cash Flow $831.1K $1.895M -$101.2K
YoY Change 206.63%

Facts In Submission

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gmgi Cash Paid For Purchase Of Intangible Assets
CashPaidForPurchaseOfIntangibleAssets
88732 USD
gmgi Cash Paid For Purchase Of Intangible Assets
CashPaidForPurchaseOfIntangibleAssets
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3462017 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-173122 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6677001 USD
gmgi Repayments On Shareholder Loans Related Party
RepaymentsOnShareholderLoansRelatedParty
0 USD
gmgi Repayments On Shareholder Loans Related Party
RepaymentsOnShareholderLoansRelatedParty
-1000 USD
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RepaymentsOfRelatedPartyDebt
0 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
66803 USD
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ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12010 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6621208 USD
gmgi Effect Of Exchange Rates On Cash And Cash Equivalents
EffectOfExchangeRatesOnCashAndCashEquivalents
-130222 USD
gmgi Effect Of Exchange Rates On Cash And Cash Equivalents
EffectOfExchangeRatesOnCashAndCashEquivalents
271 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15811213 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
gmgi Cashless Exercise Of Options
CashlessExerciseOfOptions
1 USD
gmgi Cashless Exercise Of Options
CashlessExerciseOfOptions
10 USD
gmgi Accounts Payable Settled With Accounts Receivable Related Party
AccountsPayableSettledWithAccountsReceivableRelatedParty
0 USD
gmgi Accounts Payable Settled With Accounts Receivable Related Party
AccountsPayableSettledWithAccountsReceivableRelatedParty
504651 USD
gmgi Acquisition Of Gtg1
AcquisitionOfGtg1
0 USD
gmgi Acquisition Of Gtg1
AcquisitionOfGtg1
115314 USD
gmgi Intangible Asset Written Down
IntangibleAssetWrittenDown
58000 USD
gmgi Intangible Asset Written Down
IntangibleAssetWrittenDown
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
168557 USD
us-gaap Development Costs
DevelopmentCosts
83616 USD
gmgi Business Combination Acquisition Of80 Of Rkingscompetitions Ltd
BusinessCombinationAcquisitionOf80OfRkingscompetitionsLtd
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company accounts for business combinations using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations. Identifiable assets acquired, and liabilities assumed, in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling interest. Any adjustments to the purchase price allocation are made during the measurement period, not exceeding one year from the acquisition date, in accordance with ASC 805. The Company recognizes any non-controlling interest in the acquired subsidiary at fair value. The excess of the purchase price and the fair value of non-controlling interest in the acquired subsidiary over the fair value of the identifiable net assets of the subsidiary is recognized as goodwill. Identifiable assets with finite lives are amortized over their useful lives. Acquisition related costs are expensed as incurred.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation, accrued expenses and collectability of accounts receivable. The Company evaluates its estimates on an on-going basis and bases its estimates on historical experience and on various other assumptions the Company believes to be reasonable. Due to inherent uncertainties, actual results could differ from those estimates.</p>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
168557 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2022Q2 gmgi Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
586984 USD
CY2021Q2 gmgi Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
127986 USD
gmgi Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
936363 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
918703 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
0 USD
gmgi Stockholders Equity Reverse Stock Split1
StockholdersEquityReverseStockSplit1
Depreciation is computed pursuant to the straight-line method over the useful life of four years
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49400 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
0 USD
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
189583 USD
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
9526 USD
CY2020Q2 gmgi Stockholders Equity Reverse Stock Split1
StockholdersEquityReverseStockSplit1
All shares and per share amounts have been adjusted for the 1-for-150 reverse stock split which took effect in the marketplace on June 26, 2020
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
586984 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
127986 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
936363 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
180144 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28089041 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22939379 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27915672 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22214964 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
gmgi Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
180144 USD
CY2022Q2 gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
28089041 shares
CY2021Q2 gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
22939379 shares
gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
27915672 shares
gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
22214964 shares
CY2022Q2 gmgi Preferred Shares
PreferredShares
1000 shares
CY2021Q2 gmgi Preferred Shares
PreferredShares
1000 shares
gmgi Preferred Shares
PreferredShares
1000 shares
gmgi Preferred Shares
PreferredShares
1000 shares
CY2022Q2 gmgi Warrants Options
WarrantsOptions
7818778 shares
CY2021Q2 gmgi Warrants Options
WarrantsOptions
11998563 shares
gmgi Warrants Options
WarrantsOptions
7818778 shares
gmgi Warrants Options
WarrantsOptions
11830914 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35908819 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
34938942 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35735450 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
34046878 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
168557 USD
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
666250 shares
CY2022Q2 us-gaap Share Price
SharePrice
8.00
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
729505 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
392921 USD
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
336584 USD
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
250392 USD
CY2022Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
86192 USD
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2230013 USD
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1762725 USD
CY2022Q2 us-gaap Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
643180 USD
CY2021Q4 us-gaap Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
1306896 USD
CY2022Q2 gmgi Prepaid Payroll Expense
PrepaidPayrollExpense
4567 USD
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
269128 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
114426 USD
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
100272 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
100209 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
280183 USD
CY2022Q2 us-gaap Other Assets
OtherAssets
269128 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
114426 USD
CY2022Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
121594 USD
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
104336 USD
CY2022Q2 us-gaap Supplementary Insurance Information Other Policy Claims And Benefits Payable
SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
100000 USD
CY2021Q4 us-gaap Supplementary Insurance Information Other Policy Claims And Benefits Payable
SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
0 USD
CY2022Q2 gmgi Prepayment For The Gaming License Fee
PrepaymentForTheGamingLicenseFee
42967 USD
CY2021Q4 gmgi Prepayment For The Gaming License Fee
PrepaymentForTheGamingLicenseFee
10090 USD
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
121312 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
182024 USD
CY2022Q2 gmgi Cash Payment
CashPayment
4099500 USD
us-gaap Noncash Or Part Noncash Acquisition Interest Acquired1
NoncashOrPartNoncashAcquisitionInterestAcquired1
0.80 pure
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
70332 shares
us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.20 pure
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2705000 USD
CY2022Q2 gmgi Pro Forma Total Revenues
ProFormaTotalRevenues
8482743 USD
CY2021Q2 gmgi Pro Forma Total Revenues
ProFormaTotalRevenues
13801200 USD
gmgi Pro Forma Total Revenues
ProFormaTotalRevenues
17359848 USD
gmgi Pro Forma Total Revenues
ProFormaTotalRevenues
26137322 USD
CY2022Q2 gmgi Pro Forma Net Income Attributable To Gmgi
ProFormaNetIncomeAttributableToGmgi
586984 USD
CY2021Q2 gmgi Pro Forma Net Income Attributable To Gmgi
ProFormaNetIncomeAttributableToGmgi
832077 USD
gmgi Pro Forma Net Income Attributable To Gmgi
ProFormaNetIncomeAttributableToGmgi
936363 USD
gmgi Pro Forma Net Income Attributable To Gmgi
ProFormaNetIncomeAttributableToGmgi
1112652 USD
gmgi Estimated Useful Lives
EstimatedUsefulLives
3 years
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
189583 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9526 USD
CY2022Q2 gmgi Accumulated Amortization
AccumulatedAmortization
229250 USD
CY2021Q4 gmgi Accumulated Amortization
AccumulatedAmortization
38737 USD
CY2022Q2 gmgi Intangible Assets
IntangibleAssets
2813959 USD
CY2021Q4 gmgi Intangible Assets
IntangibleAssets
174000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-229250 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-38737 USD
CY2022Q2 gmgi Net Definite Lived Intangible Assets
NetDefiniteLivedIntangibleAssets
2584709 USD
CY2021Q4 gmgi Net Definite Lived Intangible Assets
NetDefiniteLivedIntangibleAssets
135263 USD
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q2 gmgi Common Stock Shares
CommonStockShares
1000000 shares
CY2021Q3 gmgi Warrant To Purchase Common Stock
WarrantToPurchaseCommonStock
170000 shares
CY2021Q3 us-gaap Share Price
SharePrice
6.00
CY2021Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1020000 USD
CY2021Q3 gmgi Aggreegate Amount Received From Exercise Of Warrants
AggreegateAmountReceivedFromExerciseOfWarrants
1019982 USD
CY2021Q3 us-gaap Other General Expense
OtherGeneralExpense
18 USD
CY2021Q3 gmgi Warrant To Purchase Common Stock
WarrantToPurchaseCommonStock
170000 shares
CY2021Q3 us-gaap Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
170000 shares
CY2021Q3 gmgi Outstanding Common Stock Holding Percentage
OutstandingCommonStockHoldingPercentage
0.04999 pure
CY2021Q2 gmgi Warrant To Purchase Common Stock
WarrantToPurchaseCommonStock
830000 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
147118
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
4753334 shares
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
599997 USD
gmgi Total Number Of Option Exercised
TotalNumberOfOptionExercised
-2803339 USD
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1073331 shares
CY2022Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
85819 USD
CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
105062 USD
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
197213 USD
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
0 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28115909 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27231401 shares
CY2020Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
All shares and prices per share have been adjusted for a 1 share-for-150 shares reverse stock split that took effect on June 26, 2020:
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
116666 shares
gmgi Cost Of Sales
CostOfSales
289795 USD
gmgi Cost Of Sales
CostOfSales
188874 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1024005 USD
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
8.63
CY2022Q2 gmgi Revenue
Revenue
8482743 USD
CY2021Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2021Q2 gmgi Revenue
Revenue
2639511 USD
CY2022Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
gmgi Revenue
Revenue
17359848 USD
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
gmgi Revenue
Revenue
4590917 USD
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2022Q2 gmgi Revenue
Revenue
8482743 USD
CY2022Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2021Q2 gmgi Revenue
Revenue
2639511 USD
CY2021Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
gmgi Revenue
Revenue
17359848 USD
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
gmgi Revenue
Revenue
4590917 USD
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2022Q2 gmgi Cost Of Goods Sold
CostOfGoodsSold
8482743 USD
CY2022Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2021Q2 gmgi Cost Of Goods Sold
CostOfGoodsSold
2639511 USD
CY2021Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
gmgi Cost Of Goods Sold
CostOfGoodsSold
17359848 USD
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
gmgi Cost Of Goods Sold
CostOfGoodsSold
4590917 USD
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2022Q2 gmgi Cost Of Revenue1
CostOfRevenue1
5942181 USD
CY2021Q2 gmgi Cost Of Revenue1
CostOfRevenue1
1493145 USD
CY2021Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
gmgi Cost Of Revenue1
CostOfRevenue1
12795183 USD
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
gmgi Cost Of Revenue1
CostOfRevenue1
2447927 USD
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2022Q2 gmgi Long Lived Assets
LongLivedAssets
13570243 USD
CY2021Q4 gmgi Long Lived Assets
LongLivedAssets
415446 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247184 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.19 pure
CY2021Q4 gmgi Income Tax Liability Beginning Balance
IncomeTaxLiabilityBeginningBalance
602628 USD
gmgi Currency Adjustment
CurrencyAdjustment
-133252 USD
gmgi Adjusted Balance
AdjustedBalance
469376 USD
gmgi Income Tax
IncomeTax
247184 USD
CY2022Q2 gmgi Income Tax Payable
IncomeTaxPayable
716560 USD
CY2021Q4 gmgi Income Tax Payable
IncomeTaxPayable
0 USD
CY2022Q2 gmgi Description Of Adjustments Of Payments
DescriptionOfAdjustmentsOfPayments
5,000,000 shares, and (ii) an annual increase on May 1st of each calendar year, beginning in 2023 and ending in 2032
CY2022Q2 us-gaap Amount Of Dilutive Securities Esop Convertible Preferred Stock
AmountOfDilutiveSecuritiesESOPConvertiblePreferredStock
18694 USD
CY2022Q2 us-gaap Due From Banks
DueFromBanks
67498 USD

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