2024 Q3 Form 10-Q Financial Statement

#000147793224004695 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $40.99M $39.42M $11.78M
YoY Change 262.54% 282.36% 23.06%
Cost Of Revenue $18.59M $17.73M $8.550M
YoY Change 102.68% 114.95% 14.67%
Gross Profit $22.40M $21.69M $3.231M
YoY Change 949.24% 952.71% 52.61%
Gross Profit Margin 54.65% 55.02% 27.42%
Selling, General & Admin $23.38M $21.56M $2.045M
YoY Change 672.3% 745.27% -46.39%
% of Gross Profit 104.36% 99.42% 63.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.145M $826.7K $121.3K
YoY Change 837.01% 583.93% 12.55%
% of Gross Profit 5.11% 3.81% 3.75%
Operating Expenses $23.38M $21.56M $2.045M
YoY Change 672.3% 745.27% -46.41%
Operating Profit -$976.4K $125.1K $1.186M
YoY Change 9.45% -125.49% -169.77%
Interest Expense $790.2K $32.48K -$31.16K
YoY Change 10264.55% 4289.73% -175.1%
% of Operating Profit 25.96% -2.63%
Other Income/Expense, Net -$455.1K $415.5K
YoY Change -6124.14% 1318.95%
Pretax Income -$1.432M $540.6K $1.154M
YoY Change 61.84% -217.15% -169.63%
Income Tax $1.864M $525.0K $384.2K
% Of Pretax Income 97.11% 33.29%
Net Earnings -$3.406M $15.63K $770.2K
YoY Change 252.68% -102.93% -142.44%
Net Earnings / Revenue -8.31% 0.04% 6.54%
Basic Earnings Per Share -$0.03 $0.00
Diluted Earnings Per Share -$0.03 $0.00 $0.02
COMMON SHARES
Basic Shares Outstanding 120.8M shares 120.6M shares
Diluted Shares Outstanding 121.5M shares 128.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.89M $33.10M $17.10M
YoY Change 140.94% 110.12% 14.39%
Cash & Equivalents $38.40M $32.83M $17.10M
Short-Term Investments $487.4K $272.4K
Other Short-Term Assets $3.014M $2.457M $155.2K
YoY Change 1601.5% 932.6% 13.36%
Inventory $4.414M $3.340M $1.715M
Prepaid Expenses $1.375M $1.515M $103.3K
Receivables $8.497M $7.224M $3.551M
Other Receivables $1.463M $962.1K $0.00
Total Short-Term Assets $56.67M $48.56M $22.85M
YoY Change 156.55% 123.0% 18.48%
LONG-TERM ASSETS
Property, Plant & Equipment $29.18M $27.75M $46.45K
YoY Change 48586.83% 39902.93% -35.86%
Goodwill $537.2K $10.38M
YoY Change -94.83% -0.68%
Intangibles $2.245M
YoY Change -13.88%
Long-Term Investments $240.2K $230.4K
YoY Change
Other Assets $16.48K $17.13K $17.86K
YoY Change
Total Long-Term Assets $156.8M $143.0M $12.73M
YoY Change 1115.56% 997.49% -4.16%
TOTAL ASSETS
Total Short-Term Assets $56.67M $48.56M $22.85M
Total Long-Term Assets $156.8M $143.0M $12.73M
Total Assets $213.5M $191.5M $35.58M
YoY Change 510.15% 450.36% 9.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.25M $9.364M $2.848M
YoY Change 406.89% 358.65% 105.59%
Accrued Expenses $2.005M $2.039M $535.7K
YoY Change 579.13% 205.15% 27.74%
Deferred Revenue
YoY Change
Short-Term Debt $68.18K $63.93K $0.00
YoY Change
Long-Term Debt Due $17.49M $6.031M $0.00
YoY Change
Total Short-Term Liabilities $69.39M $51.31M $4.479M
YoY Change 1596.88% 1203.04% 64.98%
LONG-TERM LIABILITIES
Long-Term Debt $16.17M $19.42M $0.00
YoY Change
Other Long-Term Liabilities $134.2K $132.4K $0.00
YoY Change 1382.34% -100.0%
Total Long-Term Liabilities $45.51M $49.83M $0.00
YoY Change 557940.37% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.39M $51.31M $4.479M
Total Long-Term Liabilities $45.51M $49.83M $0.00
Total Liabilities $114.9M $101.1M $4.479M
YoY Change 2709.84% 2462.68% 61.42%
SHAREHOLDERS EQUITY
Retained Earnings $59.18M $62.58M -$25.85M
YoY Change -322.32% -343.97% 4.75%
Common Stock $1.227K $1.208K $362.00
YoY Change 239.89% 234.63% 28.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.32K
YoY Change
Treasury Stock Shares
Shareholders Equity $94.25M $89.53M $31.10M
YoY Change
Total Liabilities & Shareholders Equity $213.5M $191.5M $35.58M
YoY Change 510.15% 450.36% 9.25%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$3.406M $15.63K $770.2K
YoY Change 252.68% -102.93% -142.44%
Depreciation, Depletion And Amortization $1.145M $826.7K $121.3K
YoY Change 837.01% 583.93% 12.55%
Cash From Operating Activities $4.764M $2.545M $1.146M
YoY Change 1381.67% 658.7% 931.93%
INVESTING ACTIVITIES
Capital Expenditures $8.029M $5.548M -$4.040K
YoY Change 80288000.0% 15686.99% -101.83%
Acquisitions
YoY Change
Other Investing Activities -$2.491M -$5.637M $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.52M -$11.18M $4.040K
YoY Change 105202400.0% 31729.17% -100.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.550M 23.17M -2.320K
YoY Change -71777.6%
NET CHANGE
Cash From Operating Activities 4.764M 2.545M 1.146M
Cash From Investing Activities -10.52M -11.18M 4.040K
Cash From Financing Activities 9.550M 23.17M -2.320K
Net Change In Cash 3.794M 14.53M 1.148M
YoY Change 1079.98% 5320.19% -244.36%
FREE CASH FLOW
Cash From Operating Activities $4.764M $2.545M $1.146M
Capital Expenditures $8.029M $5.548M -$4.040K
Free Cash Flow -$3.265M -$3.002M $1.150M
YoY Change -1115.58% -1099.68% -1149.55%

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<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>
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CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
83475190 shares
gmgi Weighted Average Number Of Share Outstanding Diluted
WeightedAverageNumberOfShareOutstandingDiluted
102028954 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83475190 shares
CY2024Q2 gmgi Preferred Shares
PreferredShares
1000000 shares
gmgi Preferred Shares
PreferredShares
500000 shares
CY2024Q2 gmgi Warrants Options
WarrantsOptions
164244 shares
gmgi Warrants Options
WarrantsOptions
82122 shares
CY2024Q2 gmgi Restricted Stock Units
RestrictedStockUnits
1505051 shares
gmgi Restricted Stock Units
RestrictedStockUnits
752526 shares
CY2024Q2 gmgi Deferred Cash Convertible Note
DeferredCashConvertibleNote
203170 shares
gmgi Deferred Cash Convertible Note
DeferredCashConvertibleNote
101585 shares
CY2024Q2 gmgi Closing Share Consideration
ClosingShareConsideration
5000000 shares
gmgi Closing Share Consideration
ClosingShareConsideration
2500000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
128455184 shares
gmgi Weighted Average Number Of Share Outstanding Diluted
WeightedAverageNumberOfShareOutstandingDiluted
83475190 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
105965187 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
83475190 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2024Q2 us-gaap Dividends
Dividends
0 usd
CY2023Q2 us-gaap Dividends
Dividends
440907 usd
us-gaap Dividends
Dividends
769534 usd
us-gaap Dividends
Dividends
937369 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1638052 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1638052 usd
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7224485 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2674967 usd
CY2024Q2 gmgi Accounts Receivable Related Party Amount
AccountsReceivableRelatedPartyAmount
761233 usd
CY2023Q4 gmgi Accounts Receivable Related Party Amount
AccountsReceivableRelatedPartyAmount
399580 usd
CY2024Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
428594 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
997778 usd
CY2024Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
428594 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
997778 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1514567 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
328400 usd
CY2024Q2 us-gaap Supplies
Supplies
745733 usd
CY2023Q4 us-gaap Supplies
Supplies
0 usd
CY2024Q2 gmgi Prepaid Payroll Expense
PrepaidPayrollExpense
4598 usd
CY2024Q2 us-gaap Prepaid Rent
PrepaidRent
88514 usd
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
39850 usd
CY2024Q2 gmgi Prepaid License
PrepaidLicense
87327 usd
CY2023Q4 gmgi Prepaid License
PrepaidLicense
182746 usd
CY2024Q2 us-gaap Prepaid Advertising
PrepaidAdvertising
258806 usd
CY2023Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
102318 usd
CY2024Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
329589 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3486 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1514567 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
328400 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2456557 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1989476 usd
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
962123 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1849666 usd
CY2024Q2 gmgi Deferred Taxes And Accrued Income
DeferredTaxesAndAccruedIncome
1295941 usd
CY2023Q4 gmgi Deferred Taxes And Accrued Income
DeferredTaxesAndAccruedIncome
288712 usd
CY2024Q2 gmgi Employee Receivables
EmployeeReceivables
303410 usd
CY2023Q4 gmgi Employee Receivables
EmployeeReceivables
241513 usd
CY2024Q2 us-gaap Other Investments
OtherInvestments
272424 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
10158 usd
CY2024Q2 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
431589 usd
CY2023Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
400573 usd
CY2024Q2 gmgi Short Term Deposits
ShortTermDeposits
54248 usd
CY2023Q4 gmgi Short Term Deposits
ShortTermDeposits
0 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2456557 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1989476 usd
CY2024Q2 gmgi Software Development Costs
SoftwareDevelopmentCosts
2674446 usd
CY2023Q2 gmgi Software Development Costs
SoftwareDevelopmentCosts
1398009 usd
CY2024Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2589452 usd
CY2023Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1209375 usd
gmgi Software Licenses Balance
SoftwareLicensesBalance
84994 usd
CY2023Q2 gmgi Software Licenses Balance
SoftwareLicensesBalance
188637 usd
gmgi Software Development Costs
SoftwareDevelopmentCosts
3993875 usd
gmgi Software Development Costs
SoftwareDevelopmentCosts
2701898 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
3908881 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2513264 usd
CY2024Q2 gmgi Software Licenses Balance
SoftwareLicensesBalance
84994 usd
gmgi Software Licenses Balance
SoftwareLicensesBalance
188634 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1913047 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
475689 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2355366 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
936652 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-6870544 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
46987624 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15107422 usd
CY2024Q2 gmgi Finite Lived Intangible Assets
FiniteLivedIntangibleAssets
30210000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27745235 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27826594 usd
CY2024Q2 us-gaap Depreciation
Depreciation
826664 usd
CY2023Q2 us-gaap Depreciation
Depreciation
883422 usd
us-gaap Depreciation
Depreciation
2028263 usd
us-gaap Depreciation
Depreciation
1739496 usd
CY2024Q2 us-gaap Deposit Assets
DepositAssets
5748865 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
5586495 usd
CY2024Q2 gmgi Deposits For Rent Office Leases
DepositsForRentOfficeLeases
177523 usd
CY2023Q4 gmgi Deposits For Rent Office Leases
DepositsForRentOfficeLeases
170370 usd
CY2024Q2 gmgi Deposits For Retail Betting
DepositsForRetailBetting
2600566 usd
CY2023Q4 gmgi Deposits For Retail Betting
DepositsForRetailBetting
2413488 usd
CY2024Q2 gmgi Deposits For Retail Casino
DepositsForRetailCasino
2957 usd
CY2023Q4 gmgi Deposits For Retail Casino
DepositsForRetailCasino
668236 usd
CY2024Q2 gmgi Deposits For Internet Betting
DepositsForInternetBetting
1002654 usd
CY2023Q4 gmgi Deposits For Internet Betting
DepositsForInternetBetting
1035558 usd
CY2024Q2 gmgi Other Prepayments
OtherPrepayments
8975 usd
CY2023Q4 gmgi Other Prepayments
OtherPrepayments
9287 usd
CY2024Q2 gmgi Other Deposits
OtherDeposits
1956190 usd
CY2023Q4 gmgi Other Deposits
OtherDeposits
1289556 usd
CY2024Q2 us-gaap Deposit Assets
DepositAssets
5748865 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
5586495 usd
CY2024Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.010 pure
CY2023Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.019 pure
CY2024Q2 us-gaap Investments
Investments
230402 usd
CY2023Q4 us-gaap Investments
Investments
237828 usd
us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
CY2024Q2 us-gaap Lease Cost
LeaseCost
823264 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
711143 usd
us-gaap Lease Cost
LeaseCost
1674651 usd
us-gaap Lease Cost
LeaseCost
1458382 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4064117 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4147375 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1686724 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2299317 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2280408 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1795870 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1749787 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
956224 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
765572 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
478882 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
157840 usd
CY2024Q2 gmgi Lessee Operating Lease Liability Payments Due Year Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearThereafter
0 usd
CY2024Q2 gmgi Total Lease Payments
TotalLeasePayments
4108305 usd
CY2024Q2 gmgi Less Imputed Interest
LessImputedInterest
141173 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3967132 usd
CY2024Q2 gmgi Accounts Payable Related Parties
AccountsPayableRelatedParties
13592 usd
CY2023Q4 gmgi Accounts Payable Related Parties
AccountsPayableRelatedParties
0 usd
CY2024Q2 gmgi Accrued Salary Current
AccruedSalaryCurrent
8636 usd
CY2023Q4 gmgi Accrued Salary Current
AccruedSalaryCurrent
0 usd
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3197227 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6137513 usd
CY2024Q2 gmgi Value Added Tax Payable
ValueAddedTaxPayable
0 usd
CY2023Q4 gmgi Value Added Tax Payable
ValueAddedTaxPayable
2534178 usd
CY2024Q2 gmgi Other Taxes
OtherTaxes
2236574 usd
CY2023Q4 gmgi Other Taxes
OtherTaxes
2131635 usd
CY2024Q2 gmgi Corporate Income Tax Payable
CorporateIncomeTaxPayable
742470 usd
CY2023Q4 gmgi Corporate Income Tax Payable
CorporateIncomeTaxPayable
1262921 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
218183 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
208779 usd
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3197227 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6137513 usd
CY2023Q1 gmgi Value Added Tax Payable
ValueAddedTaxPayable
2534178 usd
CY2023Q4 gmgi Value Added Tax Payable
ValueAddedTaxPayable
2534178 usd
CY2024Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
25451100 usd
CY2023Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
0 usd
CY2024Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
25451100 usd
CY2023Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
0 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1079981 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
581644 usd
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
352539 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
444962 usd
CY2024Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
195653 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
80238 usd
CY2024Q2 gmgi Rent Deposits Received Liability
RentDepositsReceivedLiability
4002 usd
CY2023Q4 gmgi Rent Deposits Received Liability
RentDepositsReceivedLiability
4140 usd
CY2024Q2 us-gaap Bank Overdrafts
BankOverdrafts
63932 usd
CY2023Q4 us-gaap Bank Overdrafts
BankOverdrafts
52304 usd
CY2024Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
166178 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
0 usd
CY2024Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
123 usd
CY2023Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
0 usd
CY2024Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
297554 usd
CY2023Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
0 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1079981 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
581644 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
132373 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
287920 usd
CY2024Q2 gmgi Leases Payable Liability Non Current
LeasesPayableLiabilityNonCurrent
113684 usd
CY2023Q4 gmgi Leases Payable Liability Non Current
LeasesPayableLiabilityNonCurrent
3242 usd
CY2024Q2 us-gaap Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
14883 usd
CY2023Q4 us-gaap Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
15206 usd
CY2024Q2 gmgi Other Non Current Liabilities
OtherNonCurrentLiabilities
3806 usd
CY2023Q4 gmgi Other Non Current Liabilities
OtherNonCurrentLiabilities
269472 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
132373 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
287920 usd
CY2024Q2 us-gaap Dividends
Dividends
0 usd
CY2023Q2 us-gaap Dividends
Dividends
440907 usd
us-gaap Dividends
Dividends
769534 usd
us-gaap Dividends
Dividends
937369 usd
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q2 gmgi Preferred Stock Remained Undesignated
PreferredStockRemainedUndesignated
19998000 shares
CY2023Q4 gmgi Preferred Stock Remained Undesignated
PreferredStockRemainedUndesignated
19999000 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2024Q2 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
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
120801977 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
83475190 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
83475190 shares
CY2024Q2 gmgi Unregistered Shares Restricted Common Stock
UnregisteredSharesRestrictedCommonStock
30000 shares
CY2024Q2 gmgi Unregistered Shares Of Restricted Common Stock Value
UnregisteredSharesOfRestrictedCommonStockValue
180000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2024Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
20000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.74
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
640000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.07
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
615000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.04
gmgi Schedule Of Grant And Vesting Of Restricted Stock Units Table Textblock
ScheduleOfGrantAndVestingOfRestrictedStockUnitsTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>RSUs</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: #000000 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>Number</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p></td><td style="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; text-align:justify;">RSUs Outstanding as of April 1, 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 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;">1,408,900</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; text-align:justify;">RSUs granted </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;">1,473,000</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:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">RSUs forfeited</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;">(182,250</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</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;">RSUs vested</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;">(534,500</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</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;"><strong>RSUs Outstanding as of June 30, 2024</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%;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;">2,165,150</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></tbody></table>
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1408900 shares
CY2024Q2 gmgi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Granted In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriod
1473000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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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 style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Recipient</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: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Position with Company</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: #000000 1px solid;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Number of Outstanding RSUs</p></td><td style="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="width:20%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">William Scott</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:justify;">Chairman of the Board of Directors</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;">50,000</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; text-align:justify;">Anthony Brian Goodman</p></td><td style="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:justify;">President, Chief Executive Officer (Principal Executive Officer), Secretary, and Director</p></td><td style="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="ffcell" style="vertical-align:bottom;text-align:right;">250,000</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; text-align:justify;">Zoran Milošević</p></td><td style="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:justify;">Chief Executive Officer of MeridianBet Group</p></td><td style="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="ffcell" style="vertical-align:bottom;text-align:right;">250,000</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:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Weiting ‘Cathy’ Feng</p></td><td style="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:justify;">Chief Operating Officer and Director</p></td><td style="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="ffcell" style="vertical-align:bottom;text-align:right;">125,000</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; text-align:justify;">Snežana Božović</p></td><td style="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:justify;">Secretary of MeridianBet Group</p></td><td style="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="ffcell" style="vertical-align:bottom;text-align:right;">125,000</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:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Murray G. Smith</p></td><td style="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:justify;">Independent Director</p></td><td style="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="ffcell" style="vertical-align:bottom;text-align:right;">50,000</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; text-align:justify;">Thomas E. McChesney</p></td><td style="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:justify;">Independent Director</p></td><td style="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="ffcell" style="vertical-align:bottom;text-align:right;">50,000</td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2024Q2 us-gaap Revenues
Revenues
39415242 usd
us-gaap Revenues
Revenues
64265829 usd
CY2024Q2 gmgi Net Percentage Of Revenue
NetPercentageOfRevenue
1 pure
us-gaap Revenues
Revenues
45515122 usd
gmgi Net Percentage Of Revenue
NetPercentageOfRevenue
1 pure
CY2024Q2 us-gaap Revenues
Revenues
39415242 usd
CY2023Q2 us-gaap Revenues
Revenues
22578810 usd
CY2024Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2023Q2 gmgi Revenue Percentage Of Total Revenue
RevenuePercentageOfTotalRevenue
1 pure
CY2024Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17729700 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6040914 usd
CY2024Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2023Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2024Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17729700 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6040914 usd
gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
24888357 usd
CY2024Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11826572 usd
CY2023Q2 gmgi Cost Of Goods Sold Percentage
CostOfGoodsSoldPercentage
1 pure
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
524969 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
806666 usd
CY2024Q2 gmgi Income Tax Payable
IncomeTaxPayable
742470 usd
CY2023Q4 gmgi Income Tax Payable
IncomeTaxPayable
1262921 usd

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