$GMGI
Golden Matrix Group, Inc.

2023 Q2 Form 10-Q Financial Statement

#000147793223004527 Filed on June 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022 Q2
Revenue $10.31M $9.573M $8.483M
YoY Change 21.52% 178.06% 221.38%
Cost Of Revenue $8.248M $7.457M $8.273M
YoY Change -0.3% 196.6% 320.06%
Gross Profit $2.060M $2.117M $209.6K
YoY Change 882.94% 127.9% -68.72%
Gross Profit Margin 19.98% 22.11% 2.47%
Selling, General & Admin $2.551M $3.815M $1.781M
YoY Change 43.23% 395.6% 81.04%
% of Gross Profit 123.82% 180.22% 849.74%
Research & Development $1.110K $1.200K
YoY Change -98.16% -94.34%
% of Gross Profit 0.05% 0.57%
Depreciation & Amortization $120.9K $107.8K $99.17K
YoY Change 21.88% 637.71% 940.61%
% of Gross Profit 5.87% 5.09% 47.32%
Operating Expenses $2.551M $3.816M $1.782M
YoY Change 43.14% 359.64% 77.34%
Operating Profit -$490.7K -$1.699M $758.5K
YoY Change -164.69% -1823.26% 436.16%
Interest Expense $740.00 $41.49K $114.7K
YoY Change -99.35% -311.68% -942.76%
% of Operating Profit 15.12%
Other Income/Expense, Net $29.28K $114.7K
YoY Change -74.47%
Pretax Income -$461.5K -$1.658M $873.2K
YoY Change -152.84% -4349.76% 582.9%
Income Tax $72.30K $92.91K $171.8K
% Of Pretax Income 19.67%
Net Earnings -$533.8K -$1.815M $701.4K
YoY Change -176.09% -4751.96% 448.07%
Net Earnings / Revenue -5.18% -18.96% 8.27%
Basic Earnings Per Share -$0.01 $0.02
Diluted Earnings Per Share -$0.01 -$0.06 $0.02
COMMON SHARES
Basic Shares Outstanding 36.11M shares 28.09M shares
Diluted Shares Outstanding 36.11M shares 35.91M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.75M $14.95M $15.81M
YoY Change -0.36% -11.0% 34.56%
Cash & Equivalents $15.75M $14.95M $15.81M
Short-Term Investments
Other Short-Term Assets $237.9K $137.0K $327.7K
YoY Change -27.4% -22.29% 514.77%
Inventory $1.863M $1.148M $918.7K
Prepaid Expenses $183.8K $84.37K
Receivables $3.597M $2.641M $2.873M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.77M $19.29M $19.93M
YoY Change 9.25% -3.76% 32.89%
LONG-TERM ASSETS
Property, Plant & Equipment $69.36K $72.41K $49.40K
YoY Change 40.4%
Goodwill $10.38M $10.45M
YoY Change
Intangibles $2.469M $2.607M
YoY Change 1827.41%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $13.03M $13.28M $13.57M
YoY Change -3.99% 3097.16% 8150.89%
TOTAL ASSETS
Total Short-Term Assets $21.77M $19.29M $19.93M
Total Long-Term Assets $13.03M $13.28M $13.57M
Total Assets $34.80M $32.57M $33.50M
YoY Change 3.88% 59.2% 120.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.042M $1.385M $2.018M
YoY Change 1.16% 28.87% 120.8%
Accrued Expenses $668.3K $419.4K $817.0K
YoY Change -18.19% 317.98% 680700.0%
Deferred Revenue $1.257M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.938M $2.715M $4.496M
YoY Change -12.42% 101.3% 262.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.930K $59.78K $121.3K
YoY Change -92.64% -67.16%
Total Long-Term Liabilities $8.930K $59.78K $121.3K
YoY Change -92.64% -67.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.938M $2.715M $4.496M
Total Long-Term Liabilities $8.930K $59.78K $121.3K
Total Liabilities $3.947M $2.775M $4.618M
YoY Change -14.52% 81.27% 272.06%
SHAREHOLDERS EQUITY
Retained Earnings -$25.65M -$24.67M -$23.49M
YoY Change 9.21% 1.02%
Common Stock $361.00 $282.00 $281.00
YoY Change 28.47% 3.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.32K $0.00
YoY Change
Treasury Stock Shares 82.72K shares 666.3K shares
Shareholders Equity $30.86M $29.80M $28.88M
YoY Change
Total Liabilities & Shareholders Equity $34.80M $32.57M $33.50M
YoY Change 3.88% 59.2% 120.95%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022 Q2
OPERATING ACTIVITIES
Net Income -$533.8K -$1.815M $701.4K
YoY Change -176.09% -4751.96% 448.07%
Depreciation, Depletion And Amortization $120.9K $107.8K $99.17K
YoY Change 21.88% 637.71% 940.61%
Cash From Operating Activities $335.5K $111.1K $764.4K
YoY Change -56.11% -209.76% 258.81%
INVESTING ACTIVITIES
Capital Expenditures $35.14K $220.7K -$66.69K
YoY Change -152.69% 14.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$685.7K $0.00
YoY Change -100.0%
Cash From Investing Activities -$35.14K -$906.4K -$66.70K
YoY Change -47.32% -61.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.32K 0.000 -200.0
YoY Change 16060.0% -100.0% -104.99%
NET CHANGE
Cash From Operating Activities 335.5K 111.1K 764.4K
Cash From Investing Activities -35.14K -906.4K -66.70K
Cash From Financing Activities -32.32K 0.000 -200.0
Net Change In Cash 268.0K -795.3K 697.5K
YoY Change -61.58% -127.18% 1494.65%
FREE CASH FLOW
Cash From Operating Activities $335.5K $111.1K $764.4K
Capital Expenditures $35.14K $220.7K -$66.69K
Free Cash Flow $300.3K -$109.6K $831.1K
YoY Change -63.86% 8.3% 206.63%

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0 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Share Based Compensation
ShareBasedCompensation
1624450 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
248602 usd
gmgi Adjustment To Reduce Nci Amount Recorded For Rkings Acquisition
AdjustmentToReduceNciAmountRecordedForRkingsAcquisition
-70614 usd
us-gaap Net Income Loss
NetIncomeLoss
-977274 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
30855323 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
30516389 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
2611 usd
CY2023Q2 gmgi Shares Issued For Vested Rsus Amount
SharesIssuedForVestedRsusAmount
0 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
-32322 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
806055 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
96343 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
30855323 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
18928109 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
6000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
gmgi Stock Issued During Period Value Stock Options Exercised Related Party
StockIssuedDuringPeriodValueStockOptionsExercisedRelatedParty
0 usd
gmgi Fair Value Of Option Warrants Issued For Services
FairValueOfOptionWarrantsIssuedForServices
289795 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
5892650 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-53181 usd
gmgi Fair Value Of Non Controlling Interest In Rkings
FairValueOfNonControllingInterestInRkings
2705000 usd
us-gaap Net Income Loss
NetIncomeLoss
1115120 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
28883493 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
27577765 usd
CY2022Q2 gmgi Fair Value Of Option Warrants Issued For Services
FairValueOfOptionWarrantsIssuedForServices
151864 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
562650 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-110235 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
701449 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
28883493 usd
us-gaap Profit Loss
ProfitLoss
-977274 usd
us-gaap Profit Loss
ProfitLoss
1115120 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1624450 usd
us-gaap Share Based Compensation
ShareBasedCompensation
289795 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
266000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
6000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-55023 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
109271 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
217180 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
189583 usd
us-gaap Depreciation
Depreciation
20256 usd
us-gaap Depreciation
Depreciation
6285 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1951863 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
478290 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-91271 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-663716 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
96357 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
159949 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
588828 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
93103 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-48382 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-48863 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1596721 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
961799 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1522 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-19486 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
203822 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
247184 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
78480 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-65017 usd
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
196692 usd
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
49062 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-48353 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-46495 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
737124 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2605796 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3341453 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
30708 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12566 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31832 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
52788 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
88732 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96062 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3462017 usd
gmgi Payments For Purchase Of Treasury Stock
PaymentsForPurchaseOfTreasuryStock
32322 usd
gmgi Payments For Purchase Of Treasury Stock
PaymentsForPurchaseOfTreasuryStock
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32322 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195400 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-130222 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14949673 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16797656 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15753813 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15811213 usd
us-gaap Interest Paid Net
InterestPaidNet
1738 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
gmgi Stock Issued During Period Value Stock Option Exercised
StockIssuedDuringPeriodValueStockOptionExercised
71 usd
gmgi Stock Issued During Period Value Stock Option Exercised
StockIssuedDuringPeriodValueStockOptionExercised
1 usd
gmgi Intangible Asset Written Down
IntangibleAssetWrittenDown
0 usd
gmgi Intangible Asset Written Down
IntangibleAssetWrittenDown
58000 usd
gmgi Acquisition Of Shares Of Rkings
AcquisitionOfSharesOfRkings
2928452 usd
gmgi Acquisition Of Shares Of Rkings
AcquisitionOfSharesOfRkings
0 usd
gmgi Accounts Payable Settled With Accounts Receivable
AccountsPayableSettledWithAccountsReceivable
1000000 usd
gmgi Accounts Payable Settled With Accounts Receivable
AccountsPayableSettledWithAccountsReceivable
0 usd
gmgi Adjustment To Non Controlling Interest
AdjustmentToNonControllingInterest
70614 usd
gmgi Adjustment To Non Controlling Interest
AdjustmentToNonControllingInterest
0 usd
CY2021Q4 gmgi Stockholders Equity Reverse Stock Split1
StockholdersEquityReverseStockSplit1
authorized number of shares of Common Stock from forty million (40,000,000) shares to two hundred and fifty million (250,000,000) shares and to restate Article 3, Capital Stock thereof
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 US 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>
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2023Q2 us-gaap Development Costs
DevelopmentCosts
0 usd
CY2022Q2 us-gaap Development Costs
DevelopmentCosts
40859 usd
us-gaap Development Costs
DevelopmentCosts
52788 usd
us-gaap Development Costs
DevelopmentCosts
88732 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
1862528 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1147591 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69358 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
72411 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
110514 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
95414 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
217180 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
189583 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-533753 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
586984 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-977274 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
936363 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36113290 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28089041 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34689260 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27915672 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2023Q2 gmgi Net Income Loss Available To Common Shareholders
NetIncomeLossAvailableToCommonShareholders
-533753 usd
CY2022Q2 gmgi Net Income Loss Available To Common Shareholders
NetIncomeLossAvailableToCommonShareholders
586984 usd
gmgi Net Income Loss Available To Common Shareholders
NetIncomeLossAvailableToCommonShareholders
-977274 usd
gmgi Net Income Loss Available To Common Shareholders
NetIncomeLossAvailableToCommonShareholders
936363 usd
CY2023Q2 gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
36113290 shares
CY2022Q2 gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
28089041 shares
gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
34689260 shares
gmgi Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
27915672 shares
CY2022Q2 gmgi Preferred Shares
PreferredShares
1000 shares
gmgi Preferred Shares
PreferredShares
1000 shares
CY2022Q2 gmgi Warrants Options
WarrantsOptions
7818778 shares
gmgi Warrants Options
WarrantsOptions
7818778 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
36113290 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35908819 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
34689260 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35735450 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
19489 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4409 usd
CY2023Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
564944 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
324147 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
gmgi Accounts Payable Settled With Accounts Receivable
AccountsPayableSettledWithAccountsReceivable
1000000 usd
CY2022Q2 gmgi Accounts Payable Settled With Accounts Receivable
AccountsPayableSettledWithAccountsReceivable
0 usd
CY2023Q2 gmgi Accounts Payable Settled With Accounts Receivable
AccountsPayableSettledWithAccountsReceivable
1000000 usd
gmgi Accounts Payable Settled With Accounts Receivable
AccountsPayableSettledWithAccountsReceivable
0 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
96343 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-110235 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
248602 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-53181 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
13101 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
114153 usd
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
33314 usd
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
198829 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3597389 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2641023 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
322443 usd
CY2022Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
413714 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
183771 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
84372 usd
CY2023Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
140146 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
70156 usd
CY2023Q2 gmgi Prepayment For The Gaming License Fee
PrepaymentForTheGamingLicenseFee
39054 usd
CY2022Q4 gmgi Prepayment For The Gaming License Fee
PrepaymentForTheGamingLicenseFee
8744 usd
CY2023Q2 gmgi Prepaid Payroll Expense
PrepaidPayrollExpense
4571 usd
CY2022Q4 gmgi Prepaid Payroll Expense
PrepaidPayrollExpense
5472 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
183771 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
84372 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
107818 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
150653 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
103251 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
95085 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8930 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
59778 usd
CY2023Q2 gmgi Cash Payment
CashPayment
4099500 usd
CY2023Q2 gmgi Restricted Shares Stock Issued
RestrictedSharesStockIssued
666250 shares
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.00
CY2022Q4 gmgi Aggregate Shares Of Common Stock
AggregateSharesOfCommonStock
165444 shares
gmgi Schedule Of Cash Consideration Policytext Block
ScheduleOfCashConsiderationPolicytextBlock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Consideration paid for RKings</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Amount</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Closing cash consideration of GBP £3,000,000 based on Exchange Rate on November 1, 2020</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,099,500</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Fair value of 666,250 restricted shares consideration at $7.60 per share</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,063,500</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Fair value of contingent shares consideration for net assets</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">562,650</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Holdback amount paid to Mr. Mark Weir</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">683,250</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Fair value of 165,444 restricted shares at $2.95 per share</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">488,060</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Consideration paid through April 30, 2023 </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><strong>10,896,960</strong></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.20 pure
CY2023Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2634386 usd
CY2022Q4 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
661773 usd
CY2022Q4 gmgi Restricted Shares Stock Issued
RestrictedSharesStockIssued
82722 shares
CY2022Q4 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
1 pure
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
110514 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95414 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
217180 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
189583 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-643877 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-422479 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3113125 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3029554 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-643877 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-422479 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2469248 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2607075 usd
CY2023Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
11298 usd
CY2022Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
10637 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
265750 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
182444 usd
CY2022Q4 gmgi Restricted Stock Outstanding
RestrictedStockOutstanding
1581000 shares
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2000000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
14594 shares
CY2023Q2 us-gaap Treasury Stock Value
TreasuryStockValue
32322 usd
CY2023Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
303246 usd
CY2022Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
109328 usd
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36124526 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28182575 shares
CY2021Q4 gmgi Common Stock Shares Amendment Description
CommonStockSharesAmendmentDescription
the Company filed a Certificate of Amendment to the Company’s Articles of Incorporation, with the Secretary of State of Nevada, to increase the Company’s authorized number of shares of Common Stock from forty million (40,000,000) shares to two hundred and fifty million (250,000,000) shares and to restate Article 3, Capital Stock thereof, to reflect such amendment, and clarify the Board of Director’s ability to designate and issue ‘blank check’ preferred stock
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
254256 usd
CY2022Q4 gmgi Outstanding Options Beginning Balance
OutstandingOptionsBeginningBalance
8426666 shares
CY2022Q4 gmgi Weighted Average Exercise Price Beginning Balance
WeightedAverageExercisePriceBeginningBalance
0.50
gmgi Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriod
7333332 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.07
CY2023Q2 gmgi Outstanding Options Ending Balance
OutstandingOptionsEndingBalance
1093334 shares
CY2023Q2 gmgi Weighted Average Exercise Price Ending Balance
WeightedAverageExercisePriceEndingBalance
3.41
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
898334 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.02
CY2022Q3 gmgi Aggregate Restricted Units
AggregateRestrictedUnits
1575000 shares
gmgi Schedule Of Grant And Vesting Of Restricted Stock Units Table Textblock
ScheduleOfGrantAndVestingOfRestrictedStockUnitsTableTextblock
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Recipient</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Position with Company</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Number of RSUs</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Anthony Brian Goodman</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:60%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">President, Chief Executive Officer (Principal Executive Officer), Secretary, Treasurer, and Chairman of the Board of Directors</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">750,000</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Weiting ‘Cathy’ Feng </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Chief Operating Officer and Director of the Company</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">375,000</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Murray G. Smith </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Independent Director</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">150,000</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Aaron Richard Johnston</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Former Independent Director</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">150,000</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Thomas E. McChesney</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Independent Director</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">150,000</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"><strong>1,575,000</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1575000 shares
gmgi Schedule Of Performance Metrics Table Textblock
ScheduleOfPerformanceMetricsTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="5" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Revenue Targets</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="5" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>EBITDA Targets</strong></p></td><td style="width:1%;"> </td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Performance Period</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Target Goal</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>RSUs Vested</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Target Goal</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>RSUs Vested</strong></p></td><td> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Year ended October 31, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">21,875,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,250,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;"> </td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Year ended October 31, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">FY 2022 x 1.1</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">FY 2022 x 1.1</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;"> </td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Year ended October 31, 2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">FY 2023 x 1.1</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">FY 2023 x 1.1</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;"> </td></tr></tbody></table>
CY2023Q2 gmgi Restricted Stock Outstanding
RestrictedStockOutstanding
2137400 shares
CY2023Q2 us-gaap Revenues
Revenues
10308359 usd
CY2023Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2022Q2 us-gaap Revenues
Revenues
8482743 usd
CY2022Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
us-gaap Revenues
Revenues
21086038 usd
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
us-gaap Revenues
Revenues
17359848 usd
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2023Q2 us-gaap Revenues
Revenues
10308359 usd
CY2023Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2022Q2 us-gaap Revenues
Revenues
8482743 usd
CY2022Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
us-gaap Revenues
Revenues
21086038 usd
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
us-gaap Revenues
Revenues
17359848 usd
gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8248377 usd
CY2023Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5942181 usd
CY2022Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
16583022 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12795183 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8248377 usd
CY2023Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5942181 usd
CY2022Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
16583022 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12795183 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2023Q2 us-gaap Noncurrent Assets
NoncurrentAssets
13028134 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
13282463 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
602628 usd
gmgi Income Tax Expense Benefits
IncomeTaxExpenseBenefits
419049 usd
gmgi Income Tax Expenses Benefit One
IncomeTaxExpensesBenefitOne
217987 usd
gmgi Income Taxe Paid
IncomeTaxePaid
-549697 usd
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-125023 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
564944 usd

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0001477932-23-004527.txt Edgar Link pending
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