$GMGI
Golden Matrix Group, Inc. Stock $gmgi

$gmgi Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000147793224001197 Filed on March 14, 2024

Income Statement

Concept	2024 Q1	2023 Q1
Revenue	$11.84M	$10.78M
YoY Change	9.89%	21.41%
Cost Of Revenue	$8.469M	$8.335M
YoY Change	1.61%	21.62%
Gross Profit	$3.375M	$2.443M
YoY Change	38.16%	20.7%
Gross Profit Margin	28.5%	22.67%
Selling, General & Admin	$3.096M	$2.772M
YoY Change	11.69%	73.26%
% of Gross Profit	91.73%	113.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$121.4K	$9.897K
YoY Change	1127.04%	-89.77%
% of Gross Profit	3.6%	0.41%
Operating Expenses	$3.096M	$2.772M
YoY Change	11.69%	71.1%
Operating Profit	$279.2K	-$329.0K
YoY Change	-184.87%	-181.43%
Interest Expense	$57.48K	$998.00
YoY Change	5659.52%
% of Operating Profit	20.59%
Other Income/Expense, Net	$57.48K	$31.12K
YoY Change	84.71%	-63.44%
Pretax Income	$336.7K	-$297.8K
YoY Change	-213.05%	-160.9%
Income Tax	$262.2K	$145.7K
% Of Pretax Income	77.87%
Net Earnings	$74.51K	-$443.5K
YoY Change	-116.8%	-207.22%
Net Earnings / Revenue	0.63%	-4.12%
Basic Earnings Per Share	$0.00	-$0.01
Diluted Earnings Per Share	$0.00	-$0.01
COMMON SHARES
Basic Shares Outstanding	36.25M shares	35.57M shares
Diluted Shares Outstanding	38.78M shares	33.31M shares

Balance Sheet

Concept	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.29M	$15.42M
YoY Change	12.12%	1.19%
Cash & Equivalents	$17.29M	$15.42M
Short-Term Investments
Other Short-Term Assets	$196.8K	$332.3K
YoY Change	-40.77%	98.73%
Inventory	$2.377M	$1.613M
Prepaid Expenses	$143.0K	$274.7K
Receivables	$4.328M	$3.490M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$24.19M	$21.21M
YoY Change	14.05%	14.65%
LONG-TERM ASSETS
Property, Plant & Equipment	$375.8K	$78.48K
YoY Change	378.87%	157.16%
Goodwill	$10.38M	$10.38M
YoY Change	0.0%	-3.15%
Intangibles	$2.145M	$2.569M
YoY Change	-16.48%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$12.90M	$13.17M
YoY Change	-2.02%	-3.39%
TOTAL ASSETS
Total Short-Term Assets	$24.19M	$21.21M
Total Long-Term Assets	$12.90M	$13.17M
Total Assets	$37.10M	$34.38M
YoY Change	7.89%	7.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.866M	$2.098M
YoY Change	36.58%	73.74%
Accrued Expenses	$745.7K	$602.5K
YoY Change	23.76%	-12.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.693M	$3.829M
YoY Change	22.57%	-13.23%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$257.1K	$37.73K
YoY Change	581.37%	-73.84%
Total Long-Term Liabilities	$257.1K	$37.73K
YoY Change	581.31%	-73.84%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.693M	$3.829M
Total Long-Term Liabilities	$257.1K	$37.73K
Total Liabilities	$4.950M	$3.867M
YoY Change	28.03%	-15.15%
SHAREHOLDERS EQUITY
Retained Earnings	-$25.77M	-$25.12M
YoY Change	2.61%	4.33%
Common Stock	$366.00	$361.00
YoY Change	1.39%	28.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$32.32K
YoY Change
Treasury Stock Shares		666.3K shares
Shareholders Equity	$32.15M	$30.52M
YoY Change
Total Liabilities & Shareholders Equity	$37.10M	$34.38M
YoY Change	7.89%	7.0%

Cashflow Statement

Concept	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	$74.51K	-$443.5K
YoY Change	-116.8%	-207.22%
Depreciation, Depletion And Amortization	$121.4K	$9.897K
YoY Change	1127.04%	-89.77%
Cash From Operating Activities	$8.180K	$401.7K
YoY Change	-97.96%	-78.19%
INVESTING ACTIVITIES
Capital Expenditures	$1.510K	$60.92K
YoY Change	-97.52%	-213.09%
Acquisitions
YoY Change
Other Investing Activities		$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$1.510K	-$60.92K
YoY Change	-97.52%	-98.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		$0.00
YoY Change		-100.0%
NET CHANGE
Cash From Operating Activities	8.180K	$401.7K
Cash From Investing Activities	-1.510K	-$60.92K
Cash From Financing Activities		$0.00
Net Change In Cash	6.670K	$474.2K
YoY Change	-98.59%	-130.49%
FREE CASH FLOW
Cash From Operating Activities	$8.180K	$401.7K
Capital Expenditures	$1.510K	$60.92K
Free Cash Flow	$6.670K	$340.7K
YoY Change	-98.04%	-82.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	4693335	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4479423	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	257077	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	usd
CY2024Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	257077	usd
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	366	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	124732	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4031349	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3551383	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	2376836	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	1714525	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	24194465	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	22852676	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2865859	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2847653	usd
CY2024Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	664444	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	476485	usd
CY2024Q1	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	19748	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	18819	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	81086	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	59089	usd
CY2024Q1	us-gaap	Customer Deposits Current CustomerDepositsCurrent	291238	usd
CY2023Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	348620	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	123	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	362	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	57023788	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-73159	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-25847597	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	142992	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	103271	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	40139	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2245341	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	56643	usd
CY2024Q1	us-gaap	Goodwill Goodwill	10381710	usd
CY2023Q4	us-gaap	Goodwill Goodwill	10381710	usd
CY2024Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	12902688	usd
CY2023Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	12730141	usd
CY2024Q1	us-gaap	Assets Assets	37097153	usd
CY2023Q4	us-gaap	Assets Assets	35582817	usd
CY2024Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	130560	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	123	usd
CY2024Q1	gmgi	Contingent Liability Current ContingentLiabilityCurrent	636650	usd
CY2023Q4	gmgi	Contingent Liability Current ContingentLiabilityCurrent	607607	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17100280	usd
CY2024Q1	gmgi	Related Party Transaction Accounts Receivable RelatedPartyTransactionAccountsReceivable	296472	usd
CY2023Q4	gmgi	Related Party Transaction Accounts Receivable RelatedPartyTransactionAccountsReceivable	331246	usd
CY2024Q1	us-gaap	Deposits Assets Current DepositsAssetsCurrent	53838	usd
CY2023Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	51971	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	46447	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2145137	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	335702	usd
CY2024Q1	gmgi	Related Party Transaction Accounts Payable RelatedPartyTransactionAccountsPayable	3627	usd
CY2023Q4	gmgi	Related Party Transaction Accounts Payable RelatedPartyTransactionAccountsPayable	12921	usd
CY2023Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	108106	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	2771989	usd
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001437925
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	36615932	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	36162932	shares
CY2023Q1	gmgi	Preferred Shares PreferredShares	0	shares
CY2023Q1	gmgi	Restricted Stock Units RestrictedStockUnits	0	shares
CY2023Q1	gmgi	Warrants Options WarrantsOptions	0	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	0	shares
CY2024Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	0
CY2024Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0
CY2024Q1	gmgi	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Issued In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsIssuedInPeriod	0	shares
CY2024Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-01-31
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Entity File Number EntityFileNumber	001-41326
CY2024Q1	dei	Entity Registrant Name EntityRegistrantName	Golden Matrix Group, Inc.
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-1814729
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	3651 Lindell Road
CY2024Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Ste D131
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Las Vegas
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89103
CY2024Q1	dei	City Area Code CityAreaCode	702
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	318-7548
CY2024Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.00001 Par Value Per Share
CY2024Q1	dei	Trading Symbol TradingSymbol	GMGI
CY2024Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	36615932	shares
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17292978	usd
CY2023Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	0	usd
CY2024Q1	us-gaap	Liabilities Liabilities	4950412	usd
CY2023Q4	us-gaap	Liabilities Liabilities	4479423	usd
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36615932	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36162932	shares
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	57794735	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-25773092	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	32146741	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	31103394	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	37097153	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	35582817	usd
CY2024Q1	gmgi	Revenues Excluding Related Party RevenuesExcludingRelatedParty	11778656	usd
CY2023Q1	gmgi	Revenues Excluding Related Party RevenuesExcludingRelatedParty	10591036	usd
CY2024Q1	gmgi	Revenue From Related Party RevenueFromRelatedParty	65226	usd
CY2023Q1	gmgi	Revenue From Related Party RevenueFromRelatedParty	186643	usd
CY2024Q1	us-gaap	Revenues Revenues	11843882	usd
CY2023Q1	us-gaap	Revenues Revenues	10777679	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8468622	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8334645	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	3375260	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	2443034	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2336792	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2037295	usd
CY2024Q1	gmgi	Related Party Transaction Selling General And Administrative Expense From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpenseFromTransactionsWithRelatedParty	759264	usd
CY2023Q1	gmgi	Related Party Transaction Selling General And Administrative Expense From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpenseFromTransactionsWithRelatedParty	734694	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	3096056	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	279204	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-328955	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	600	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	998	usd
CY2024Q1	us-gaap	Interest Income Other InterestIncomeOther	39264	usd
CY2023Q1	us-gaap	Interest Income Other InterestIncomeOther	11905	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	18817	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	20213	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	57481	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	31120	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	336685	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-297835	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	262180	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	145686	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	74505	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-443521	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36276139	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33311667	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38779778	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33311667	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	74505	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-443521	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	197891	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	152259	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	272396	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-291262	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	29796481	usd
CY2023Q1	gmgi	Shares Issued As Consideration To Acquire Rkings Amount SharesIssuedAsConsiderationToAcquireRkingsAmount	0	usd
CY2023Q1	gmgi	Stock Issued During Period Value Cashless Stock Options Exercised StockIssuedDuringPeriodValueCashlessStockOptionsExercised	0	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	263389	usd
CY2023Q1	gmgi	Shares Issued For Vested Restricted Stock Units Amount SharesIssuedForVestedRestrictedStockUnitsAmount	0	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	818395	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	152259	usd
CY2023Q1	gmgi	Adjustment To Reduce Nci Amount Recorded For Rkings Acquisition AdjustmentToReduceNciAmountRecordedForRkingsAcquisition	-70614	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-443521	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	30516389	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	31103394	usd
CY2024Q1	gmgi	Shares Issued For Vested Restricted Stock Units Amount SharesIssuedForVestedRestrictedStockUnitsAmount	0	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	770951	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	197891	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	74505	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	32146741	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	74505	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-443521	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	770951	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	818395	usd
CY2024Q1	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	0	usd
CY2023Q1	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	263389	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-29043	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-42642	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-111546	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-106666	usd
CY2024Q1	us-gaap	Depreciation Depreciation	9894	usd
CY2023Q1	us-gaap	Depreciation Depreciation	9897	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	766129	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	820054	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-34774	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-58358	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	38971	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-6601	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	571196	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	378170	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	280141	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	-23993	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	251584	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	626252	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-9868	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	17767	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	162611	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	145686	usd
CY2024Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	16927	usd
CY2023Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-55912	usd
CY2024Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	-67423	usd
CY2023Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	3642	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	280068	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-23978	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	8175	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	401653	usd
CY2024Q1	gmgi	Cash Paid For Leasehold Improvement CashPaidForLeaseholdImprovement	0	usd
CY2023Q1	gmgi	Cash Paid For Leasehold Improvement CashPaidForLeaseholdImprovement	-6202	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1511	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1933	usd
CY2024Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	usd
CY2023Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	52788	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1511	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-60923	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	186034	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	133494	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	192698	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	474224	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17100280	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14949673	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17292978	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15423897	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	600	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	998	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	99569	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2024Q1	gmgi	Stock Issued During Period Value Stock Option Exercised StockIssuedDuringPeriodValueStockOptionExercised	0	usd
CY2023Q1	gmgi	Stock Issued During Period Value Stock Option Exercised StockIssuedDuringPeriodValueStockOptionExercised	71	usd
CY2024Q1	gmgi	Acquisition Of Shares Of Rkings AcquisitionOfSharesOfRkings	0	usd
CY2023Q1	gmgi	Acquisition Of Shares Of Rkings AcquisitionOfSharesOfRkings	488060	usd
CY2024Q1	gmgi	Accounts Payable Settled With Accounts Receivable AccountsPayableSettledWithAccountsReceivable	300000	usd
CY2023Q1	gmgi	Accounts Payable Settled With Accounts Receivable AccountsPayableSettledWithAccountsReceivable	0	usd
CY2024Q1	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>
CY2024Q1	us-gaap	Other Inventory Supplies OtherInventorySupplies	82167	usd
CY2023Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	90329	usd
CY2024Q1	gmgi	Prepayment For The Gaming License Fee PrepaymentForTheGamingLicenseFee	56194	usd
CY2023Q4	gmgi	Prepayment For The Gaming License Fee PrepaymentForTheGamingLicenseFee	8528	usd
CY2024Q1	gmgi	Prepaid Payroll Expense PrepaidPayrollExpense	4631	usd
CY2024Q1	gmgi	Estimated Useful Lives Of Websites Intangible Assets EstimatedUsefulLivesOfWebsitesIntangibleAssets	P3Y
CY2024Q1	us-gaap	Development Costs DevelopmentCosts	0	usd
CY2023Q1	us-gaap	Development Costs DevelopmentCosts	52788	usd
CY2023Q4	gmgi	Prepaid Payroll Expense PrepaidPayrollExpense	4414	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	74505	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-443521	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36276139	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33311667	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2024Q1	gmgi	Net Income Loss Available To Common Shareholders NetIncomeLossAvailableToCommonShareholders	74505	usd
CY2023Q1	gmgi	Net Income Loss Available To Common Shareholders NetIncomeLossAvailableToCommonShareholders	-443521	usd
CY2024Q1	gmgi	Weighted Average Common Shares Outstanding WeightedAverageCommonSharesOutstanding	36276139	shares
CY2023Q1	gmgi	Weighted Average Common Shares Outstanding WeightedAverageCommonSharesOutstanding	33311667	shares
CY2024Q1	gmgi	Preferred Shares PreferredShares	1000000	shares
CY2024Q1	gmgi	Warrants Options WarrantsOptions	216139	shares
CY2024Q1	gmgi	Restricted Stock Units RestrictedStockUnits	1287500	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	38779778	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	33311667	shares
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	197891	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	152259	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Before Tax ForeignCurrencyTransactionGainBeforeTax	18817	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Before Tax ForeignCurrencyTransactionGainBeforeTax	20213	usd
CY2024Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	300000	usd
CY2023Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	0	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	335702	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	56643	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	81086	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	59089	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	257077	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	usd
CY2024Q1	us-gaap	Minority Interest Ownership Percentage By Noncontrolling Owners MinorityInterestOwnershipPercentageByNoncontrollingOwners	0.20	pure
CY2024Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	2634386	usd
CY2024Q1	gmgi	Finite Lived Intangible Asset Accumulated Amortization FiniteLivedIntangibleAssetAccumulatedAmortization	980450	usd
CY2023Q4	gmgi	Finite Lived Intangible Asset Accumulated Amortization FiniteLivedIntangibleAssetAccumulatedAmortization	863758	usd
CY2024Q1	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	2145137	usd
CY2023Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	2245341	usd
CY2024Q1	gmgi	Related Party Transaction Accounts Payable RelatedPartyTransactionAccountsPayable	3627	usd
CY2023Q4	gmgi	Related Party Transaction Accounts Payable RelatedPartyTransactionAccountsPayable	12921	usd
CY2024Q1	us-gaap	Deferred Revenue DeferredRevenue	130560	usd
CY2023Q4	us-gaap	Deferred Revenue DeferredRevenue	108106	usd
CY2024Q1	gmgi	Progressive Contribution Fee ProgressiveContributionFee	5000	usd
CY2024Q1	us-gaap	Customer Deposits Current CustomerDepositsCurrent	291238	usd
CY2023Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	348620	usd
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36162932	shares
CY2023Q2	gmgi	Restricted Shares Of Common Stock Vested RestrictedSharesOfCommonStockVested	100000	shares
CY2023Q2	gmgi	Share Price Of Stock SharePriceOfStock	1.74
CY2023Q2	us-gaap	Officers Compensation OfficersCompensation	90230	usd
CY2024Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	61679	usd
CY2023Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	132525	usd
CY2022Q3	gmgi	Net Restricted Units NetRestrictedUnits	1575000	shares
CY2024Q1	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 </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>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="width:21%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Anthony Brian Goodman</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;">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>
CY2024Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	1575000	shares
CY2024Q1	gmgi	Schedule Of Performance Metrics Table Textblock ScheduleOfPerformanceMetricsTableTextblock	<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="width:24%;"></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="4" style="BORDER-BOTTOM: 1px solid;width:26%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Revenue Targets</strong></p></td><td colspan="5" style="BORDER-BOTTOM: 1px solid;width:26%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Adjusted EBITDA Targets</strong></p></td></tr><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;width:24%;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="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:11%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Target Goal</strong></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:11%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>RSUs Vested</strong></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:12%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Target Goal</strong></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:11%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>RSUs Vested</strong></p></td><td></td><td></td></tr><tr style="height:15px;background-color:#cceeff"><td style="width:24%;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%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> $</p></td><td style="width:11%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> 21,875,000</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"></p></td><td style="width:1%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> $</p></td><td style="width:12%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">3,250,000</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"></p></td><td></td><td></td></tr><tr style="height:15px;background-color:#ffffff"><td style="width:24%;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%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$39,638,342 (which equals FY 2022 revenue x 1.1)</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:12%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$3,879,197 (which equals FY 2022 Adjusted EBITDA x 1.1)</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"></p></td><td></td><td></td></tr><tr style="height:15px;background-color:#cceeff"><td style="width:24%;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%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$48,591,457 (which equals FY 2023 revenue x 1.1)</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:12%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$2,637,004 (which equals FY 2023 Adjusted EBITDA x 1.1)</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:11%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"></p></td><td></td><td></td></tr></tbody></table>
CY2022Q4	gmgi	Restricted Shares Of Common Stock Vested RestrictedSharesOfCommonStockVested	100000	shares
CY2024Q1	us-gaap	Officers Compensation OfficersCompensation	0	usd
CY2023Q1	us-gaap	Officers Compensation OfficersCompensation	253389	usd
CY2024Q1	gmgi	Stock Outstanding Restricted Shares StockOutstandingRestrictedShares	1625000	shares
CY2023Q4	gmgi	Stock Outstanding Restricted Shares StockOutstandingRestrictedShares	2082000	shares
CY2023Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	2000000	shares
CY2024Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	14594	shares
CY2024Q1	us-gaap	Treasury Stock Value TreasuryStockValue	32322	usd
CY2023Q2	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	14594	shares
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	602628	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	476485	usd
CY2024Q1	gmgi	Income Tax Expense Benefits IncomeTaxExpenseBenefits	262180	usd
CY2024Q1	gmgi	Income Taxe Paid IncomeTaxePaid	-99569	usd
CY2024Q1	us-gaap	Income Tax Credits And Adjustments IncomeTaxCreditsAndAdjustments	25348	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	664444	usd

Files In Submission

Name	View Source	Status
0001477932-24-001197-index-headers.html	Edgar Link	pending
0001477932-24-001197-index.html	Edgar Link	pending
0001477932-24-001197.txt	Edgar Link	pending
0001477932-24-001197-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
gmgi-20240131.xsd	Edgar Link	pending
gmgi_10q.htm	Edgar Link	pending
gmgi_10qimg1.jpg	Edgar Link	pending
gmgi_ex311.htm	Edgar Link	pending
gmgi_ex312.htm	Edgar Link	pending
gmgi_ex321.htm	Edgar Link	pending
gmgi_ex322.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R39.htm	Edgar Link	pending
gmgi-20240131_cal.xml	Edgar Link	unprocessable
gmgi-20240131_pre.xml	Edgar Link	unprocessable
gmgi_10q_htm.xml	Edgar Link	completed
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
gmgi-20240131_lab.xml	Edgar Link	unprocessable
gmgi-20240131_def.xml	Edgar Link	unprocessable

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$GMGI
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2024 Q1 Form 10-Q Financial Statement

#000147793224001197 Filed on March 14, 2024

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$GMGI Golden Matrix Group, Inc. Stock $gmgi

2024 Q1 Form 10-Q Financial Statement

#000147793224001197 Filed on March 14, 2024

Income Statement

Balance Sheet

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Files In Submission

$GMGI
Golden Matrix Group, Inc. Stock $gmgi