Golden Matrix Group: Q1 2025 Update & Key Events
Ticker: MRDN · Form: 10-Q · Filed: May 8, 2025 · CIK: 1437925
| Field | Detail |
|---|---|
| Company | Golden Matrix Group, INC. (MRDN) |
| Form Type | 10-Q |
| Filed Date | May 8, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, subsequent-event, amendment, acquisition
TL;DR
GMGI Q1 2025: Meridian Purchase & Convertible Note Amendments - watch closely.
AI Summary
Golden Matrix Group, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported significant changes and events, including a Meridian Purchase and amendments to its convertible notes. Key financial figures and subsequent events were detailed in the filing.
Why It Matters
This filing provides insight into Golden Matrix Group's financial performance and strategic moves during the first quarter of 2025, impacting investors and stakeholders.
Risk Assessment
Risk Level: medium — The filing details significant corporate actions and financial events that could introduce volatility or represent strategic shifts.
Key Numbers
- 129,242,993 — Total Assets (estimated) (Indicates the company's asset base at the end of the period.)
- 133,079,518 — Total Liabilities (estimated) (Shows the company's total debt and obligations.)
- 59,796 — Net Income (estimated) (Represents the company's profitability for the period.)
Key Players & Entities
- Golden Matrix Group, Inc. (company) — Filer of the 10-Q
- 2025-03-31 (date) — End of the reporting period
- Meridian Purchase (event) — Significant transaction mentioned
- Convertible Notes Payable (financial_instrument) — Subject to amendments and subsequent events
- Source Gold Corp. (company) — Former company name
- Ibex Resources Corp. (company) — Former company name
- Bozovic (person) — Mentioned in relation to amendments
- Milosevic (person) — Mentioned in relation to amendments
FAQ
What was the financial impact of the Meridian Purchase on Golden Matrix Group in Q1 2025?
The filing mentions a 'Meridian Purchase' as a subsequent event occurring between April 1, 2025, and April 9, 2025, but specific financial details of its impact on Q1 2025 are not detailed within the provided snippet.
What specific amendments were made to the convertible notes payable?
The filing indicates amendments to 'Convertible Notes Payable' as a subsequent event on April 28, 2025, but the exact nature of these amendments is not specified in the provided text.
What is the significance of the 'Sixth Amendment' mentioned in the filing?
The 'Sixth Amendment' is mentioned in conjunction with the Meridian Purchase and subsequent events between April 1, 2025, and April 9, 2025, suggesting it relates to these transactions.
When did Golden Matrix Group change its name from Source Gold Corp.?
The company changed its name from Source Gold Corp. on October 16, 2009.
What is the company's primary business as indicated by its SIC code?
Golden Matrix Group, Inc. is classified under SIC code 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 by Bozovic regarding Golden Matrix Group, Inc. (MRDN).