For the quarter ending 2025-09-30, GMGI had -$93,681 decrease in cash & cash equivalents over the period. $6,182,488 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (loss) income | 413,802 | -3,990,108 |
| Fair value of stock-based compensation | 546,415 | 2,456,639 |
| Non-cash interest expense related to debt discount amortization | 75,669 | 1,950,094 |
| Unrealized foreign exchange loss on contingent liability | - | 0 |
| Amortization of intangible assets | 2,575,834 | 4,618,020 |
| Depreciation of property, plant and equipment | 1,413,163 | 2,780,271 |
| Bad debt expense | 60,310 | 168,929 |
| (increase) decrease in accounts receivable | 224,161 | 1,190,337 |
| (increase) decrease in accounts receivable - related party | -62,312 | -101,311 |
| (increase) decrease in taxes receivable | -45,296 | -17,468 |
| (increase) decrease in prepaid expenses | -205,499 | 196,491 |
| (increase) decrease in other current assets | -404,862 | -106,245 |
| (increase) decrease in inventories | 960,367 | 470,500 |
| (increase) decrease in deposits | 8,144 | 502,217 |
| (increase) decrease in other non-current assets | 35,512 | -45,906 |
| Increase (decrease) in accounts payable and accrued liabilities | 1,639,224 | 4,530,082 |
| Increase (decrease) in accounts payable - related party | -103,351 | 420,011 |
| Increase (decrease) in taxes payable | 1,129,798 | -804,244 |
| Increase (decrease) in deferred revenues | -87,969 | -3,876 |
| Increase (decrease) in customer deposit | -54,559 | 54,865 |
| Increase (decrease) in other current liabilities | -24,926 | 125,649 |
| Increase (decrease) in other liabilities | -576,819 | -304,644 |
| Increase (decrease) in operating lease liabilities | 536,052 | 204,094 |
| Net cash provided by operating activities | 7,032,428 | 10,117,167 |
| Cash paid for intangible assets | 2,252,718 | 5,976,880 |
| Cash paid for investments | 396 | 26,318 |
| Cash paid for property, plant and equipment | 849,940 | 3,574,317 |
| Cash paid for purchase of subsidiaries | 0 | 715,650 |
| Cash assumed from investment in subsidiaries | 0 | - |
| Cash distribution to former owners of meridianbet group in connection with the purchase | 99,628 | 1,610,343 |
| Cash assumed from acquisition with golden matrix | 0 | 0 |
| Net cash used in investing activities | -3,202,682 | -11,903,508 |
| Repayment on debt | 2,929,175 | 15,060,133 |
| Proceeds from loans and borrowings | 0 | 1,172,000 |
| Proceeds from sale of note and warrant | 0 | - |
| Proceeds from sale of stock | 1,059,617 | 632,813 |
| Repayment of lease | 905,787 | 1,093,927 |
| Payments of dividends | 48,072 | -48,072 |
| Share repurchase | 0 | - |
| Proceeds from option exercise | 0 | 0 |
| Net cash provided by (used in) financing activities | -2,823,417 | -14,301,175 |
| Effect of exchange rate changes on cash | -1,100,010 | 8,097,891 |
| Net increase in cash and cash equivalents | -93,681 | -7,989,625 |
| Cash and cash equivalents at beginning of period | 30,125,944 | - |
| Cash and cash equivalents at end of period | 22,042,638 | - |
Golden Matrix Group, Inc. (GMGI)
Golden Matrix Group, Inc. (GMGI)