Golden Matrix (GMGI) 10-K 29 Oct 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2018	Oct. 19, 2018	Jan. 31, 2018
Document And Entity Information
Entity Registrant Name	Golden Matrix Group, Inc.
Entity Central Index Key	1,437,925
Document Type	10-K
Document Period End Date	Jul. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Public Float Entity			$ 234,918
Entity Common Stock, Shares Outstanding		2,835,318,757
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,018
EntityEmergingGrowthCompany	false
EntitySmallBusiness	true
EntityShellCompany	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 31, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 446,581	$ 25,167
Accounts receivable	10,005
Accounts receivable - related party	362,288	62,500
Prepaid expenses	1,000
Total current assets	819,874	87,667
Total assets	819,874	87,667
Current liabilities:
Accounts payable and accrued liabilities	14,391	21,093
Accounts payable - related party	376,217	384,984
Advances from shareholders	1,000	1,000
Accrued interest	155,384	147,408
Settlement Payable	9,302
Convertible notes payable, net of discount	30,000	51,776
Convertible notes payable, net- in default	11,929	85,664
Convertible notes payable- related party-in default	495,712	795,712
Contingent liability-related party	1,055,312
Derivative liabilities - note conversion feature	11,930	136,177
Total Current liabilities	2,161,177	1,623,814
Total liabilities	2,161,177	1,623,814
Commitments and contingencies
Shareholders' deficit:
Common stock: $0.00001 par value, 6,000,000,000 and 2,480,000,000 shares authorized, 2,622,904,757 and 141,096,983 shares issued and outstanding, respectively	26,229	1,411
Additional paid-in capital	26,840,794	25,350,795
Stock Payable		1,600
Accumulated other comprehensive loss	(683)	(683)
Accumulated deficit	(28,207,643)	(26,889,270)
Total shareholders' deficit	(1,341,303)	(1,536,147)
Total liabilities and shareholders' deficit	819,874	87,667
Series A Preferred Stock [Member]
Shareholders' deficit:
Preferred stock, value
Series B Preferred Stock [Member]
Shareholders' deficit:
Preferred stock, value

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2018	Jul. 31, 2017	Aug. 14, 2015	Aug. 10, 2015
Stockholder's Deficit
Preferred stock, par value	$ 0.00001
Preferred stock, shares authorized	20,000,000			1,000
Preferred stock, shares issued			1,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	6,000,000,000	2,480,000,000
Common stock, shares issued	2,622,904,757	141,096,983
Common stock, shares outstanding	2,622,904,757	141,096,983
Series A Preferred Stock [Member]
Stockholder's Deficit
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	19,999,000	19,999,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Stockholder's Deficit
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Consolidated Statements Of Operations
Revenues-related party	$ 915,804	$ 120,000
Cost of goods sold	(72,003)	(50,000)
Gross profit	843,801	70,000
Costs and expenses:
G&A expenses	186,040	385
G&A expenses- related party	209,100	250,217
Compensation expense - Acquisition cost - related party	1,242,812
Professional fees	67,687	69,834
Amortization expense	129,109
Total operating expenses	1,834,748	320,436
Loss from operations	(990,947)	(250,436)
Other income (expense):
Interest expense	(162,041)	(413,655)
Gain on extinguishment of debt	129	854,018
Gain (loss) on derivative liability	(165,514)	1,611,153
Total other income (expense)	(327,426)	2,051,516
Net income (Loss)	$ (1,318,373)	$ 1,801,080
Net earnings (loss) per common share - basic	$ 0	$ 0.04
Net earnings (loss) per common share diluted	$ 0	$ 0
Weighted average number of common shares outstanding - basic	1,159,457,924	49,825,902
Weighted average number of common shares outstanding - diluted	1,159,457,924	1,802,029,463

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($)	Preferred Stock-Series B	Common Stock	Additional Paid-In Capital	Stock Payable	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total
Beginning Balance, Shares at Jul. 31, 2016	1,000	2,597,805
Beginning Balance, Amount at Jul. 31, 2016		$ 26	$ 24,709,565		$ (683)	$ (28,690,350)	$ (3,981,442)
Adjustments for reverse stock split, Shares		(6,396,900)
Adjustments for reverse stock split, Amount		$ (64)	8,216				8,152
Issuance of shares for convertible notes conversion, Shares		110,783,017
Issuance of shares for convertible notes conversion, Amount		$ 1,108	332,957				334,065
Issuance of shares for convertible notes conversion –related party, Shares		34,113,061
Issuance of shares for convertible notes conversion –related party, Amount		$ 341	300,057				300,398
Stock payable				1,600			1,600
Issuance of shares for services, Amount
Net income						1,801,080	1,801,080
Ending Balance, Shares at Jul. 31, 2017	1,000	141,096,983
Ending Balance, Amount at Jul. 31, 2017		$ 1,411	25,350,795	1,600	(683)	(26,889,270)	(1,536,147)
Issuance of shares for convertible notes conversion, Shares		1,046,246,456
Issuance of shares for convertible notes conversion, Amount		$ 10,462	526,543	(1,600)			535,405
Issuance of shares for convertible notes conversion –related party, Shares		250,000,000
Issuance of shares for convertible notes conversion –related party, Amount		$ 2,500	297,500				300,000
Issuance of shares for subscription agreement, Shares		300,000,000
Issuance of shares for subscription agreement, Amount		$ 3,000	117,000				120,000
Issuance of shares for services, Shares		680,000,000
Issuance of shares for services, Amount		$ 6,800	229,900				236,700
Issuance of shares for settlement of accounts payable –related party, Shares		205,561,318
Issuance of shares for settlement of accounts payable –related party, Amount		$ 2,056	117,944				120,000
Fair value of options/warrants issued for services			201,112				201,112
Net income						(1,318,373)	(1,318,373)
Ending Balance, Shares at Jul. 31, 2018	1,000	2,622,904,757
Ending Balance, Amount at Jul. 31, 2018		$ 26,229	$ 26,840,794		$ (683)	$ (28,207,643)	$ (1,341,303)

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Cash flows from operating activities:
Net Income (Loss)	$ (1,318,373)	$ 1,801,080
Adjustments to reconcile net income (loss) to cash used in operating activities:
Unrealized gain(loss) on derivative liabilities-note conversion feature	165,514	(1,611,153)
Fair value of stock option issued for services	49,200
Fair value of shares issued for services	201,112
Amortization expense	107,300	327,647
Gain on extinguishment of debt	(129)	(854,018)
Compensation expense - Acquisition cost - related party	1,242,812
Penalty on convertible notes payable	11,800
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(10,005)	(52,500)
(Increase) decrease in accounts receivable - related party	(299,788)
(Increase) decrease in Prepaid expense	(1,000)
(Decrease) increase in accounts payable and accrued liabilities	(11,698)	(11,636)
(Decrease) increase in accounts payable - related party	111,233	306,537
(Decrease) increase in accrued interest	54,738	78,914
Net cash provided (used) in operating activities	302,716	(15,129)
Cash flows from financing activities:
Proceeds from notes payable	38,000	38,000
Proceeds from subscription agreement	120,000
Repayments on settlement payable	(39,302)
Net cash provided by financing activities	118,698	38,000
Net increase in cash and cash equivalents	421,414	22,871
Cash and cash equivalents at beginning of year	25,167	2,296
Cash and cash equivalents at end of year	446,581	25,167
Supplemental disclosure of cash flow information:
Settlement of derivative liability	160,440
Common stock issued for conversion of debt	674,961	644,216
Debt discount from derivative liability	49,800	38,000
Settlement payable	47,919
Shares issued for settlement of accounts payable - related party	$ 120,000

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION	Golden Matrix Group, Inc. (“GMGI” or the “Company”), a Nevada corporation, formed on June 4, 2008, under the name Ibex Resources Corp., has a global presence with offices in Las Vegas Nevada and Sydney Australia. GMGI’s sophisticated social gaming software supports multiple languages including English and Chinese. The accompanying consolidated financial statements of GMGI include the accounts of GMGI and its wholly-owned subsidiary, companies IRC Exploration Ltd., (‘IRC”) a company incorporated in Alberta, Canada on August 1, 2008; Northern Bonanza Inc., (‘NBI”) a company incorporated in Ontario, Canada on June 30, 2010; Source Bonanza LLC, (“SB”) a Limited Liability Company incorporated in Nevada, USA on June 18, 2010; and Vulture Gold LLC (“Vulture”), a Nevada Limited Liability Company which was acquired on August 7, 2010, and have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission. All intercompany balances have been eliminated.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 2 - GOING CONCERN	The accompanying consolidated financial statements of GMGI have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has suffered recurring losses from operations and had a net working capital deficit of $1,341,303 at July 31, 2018. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. Without realization of additional capital, it would be unlikely for GMGI to continue as a going concern. GMGI’s management plans on raising cash from public or private debt or equity financing, on an as needed basis, and in the longer term, revenues from the gambling business. GMGI’s ability to continue as a going concern is dependent on these additional cash financings, and ultimately upon achieving profitable operations through the development of its online gaming business.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 3 - SUMMARY OF ACCOUNTING POLICIES	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates. Allowance for doubtful accounts The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on known troubled accounts, historical experience, and other currently available evidence. As of July 31, 2018 and 2017, there were no allowances for doubtful accounts. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Derivative Instruments We review the terms of the common stock, warrants and convertible debt we issue to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any are then allocated to the host instruments themselves, usually resulting in those instruments being recorded as a discount from their face value. Derivatives are measured at their fair value on the balance sheet. Changes in fair value are recorded in the statement of operation. Intangible Assets Intangible assets consist of expenditures for domain names and certain intellectual properties acquired for an online horse racing product the Company is developing. The intangible assets are recorded at cost and amortized over its estimated useful life of 3 years. Contingent Liabilities We record contingent liabilities when we believe that it is both probable that a loss has been incurred and the amount can be reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. We review these provisions quarterly and adjust these provisions accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information. Long Lived Assets Long-lived assets to be held and used or disposed of other than by sale are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When required, impairment losses on assets to be held and used or disposed of other than by sale are recognized based on the fair value of the asset. Long-lived assets to be disposed of by sale are reported at the lower of its carrying amount or fair value less cost to sell. Debt Discount Debt discount is amortized over the term of the related debt using the effective interest rate method. Fair Value of Financial Instruments The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable, such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable. Our financial instruments include cash, accounts payable and accrued liabilities, notes payable, convertible notes payable, advances from shareholder, and derivative liabilities. The carrying values of these financial instruments approximate their fair value due to their short-term nature. The derivative liabilities are stated at their fair value as a level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative liabilities. Stock-Based Compensation Stock-based compensation expense is recorded for stock and stock options awarded in return for services rendered. The expense is measured at the grant-date fair value of the award and recognized as compensation expense on a straight-line basis over the service period, which is typically the vesting period. The Company estimates forfeitures that it expects will occur and records expense based upon the number of awards expected to vest. Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized. Earnings (Loss) Per Common Share Basic net earnings (loss) per common share are computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method. The following is a reconciliation of basic and diluted earnings (loss) per common share for 2018 and 2017: For the Years Ended July 31, 2018 2017 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (1,318,373 ) $ 1,801,080 Denominator: Weighted average common shares outstanding 1,159,457,924 49,825,902 Basic earnings (loss) per common share $ (0.00 ) $ 0.04 Diluted earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (1,318,373 ) $ 1,801,080 Denominator: Weighted average common shares outstanding 1,159,457,924 49,825,902 Preferred shares - 1,000 Convertible Debt - 1,752,202,561 Adjusted weighted average common shares outstanding 1,159,457,924 1,802,029,463 Diluted earnings (loss) per common share $ (0.00 ) $ 0.00 For the year ended July 31, 2018 the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. Revenues Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable, which is in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition Revenue Recognition 1. Step 1: Identify the contract with a customer. 2. Step 2: Identify the separate performance obligations in the contract. 3. Step 3: Determine the transaction price. 4. Step 4: Allocate the transaction price to the separate performance obligations in the contract. 5. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Reclassification Certain prior period amounts have been reclassified to conform to current period presentation. Subsequent Events GMGI evaluated subsequent events through the date these financial statements were issued for disclosure purposes. Recently Issued Accounting Standards In February 2016, a pronouncement was issued that creates new accounting and reporting guidelines for leasing arrangements. The new guidance requires organizations that lease assets to recognize assets and liabilities on the balance sheet related to the rights and obligations created by those leases, regardless of whether they are classified as finance or operating leases. Consistent with current guidance, the recognition, measurement, and presentation of expenses and cash flows arising from a lease primarily will depend on its classification as a finance or operating lease. The guidance also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. The new standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with early application permitted. The new standard is to be applied using a modified retrospective approach. The Company is currently evaluating the impact of the new pronouncement on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718). The FASB issued this update to improve the accounting for employee share-based payments and affect all organizations that issue share based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The updated guidance is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the updates is permitted. Management is currently evaluating the new guidance to determine the impact it will have on our consolidated financial statements. In July 2017, the FASB issued Accounting Standards update (“ASU”) 2017-11, Earning Per share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-controlling Interests with a Scope Exception. Part I of this update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. The amendments in Part II, of this update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. On November 17, 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, a consensus of the FASB’s Emerging Issues Force (the “Task Force”). The new standard requires that the statement of cash flows explain the change during the period in the total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Entities will also be required to reconcile such total to amounts on the balance sheet and disclose the nature of the restrictions. AUS No. 2016-18 is effective for public business entities for fiscal years beginning after December 15, 2017. The Company does not believe this ASU will have an impact on our results of operation, cash flows, other than presentation, or financial condition. The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

ACCOUNTS RECEIVABLE - RELATED P

ACCOUNTS RECEIVABLE - RELATED PARTY	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 4 - ACCOUNTS RECEIVABLE - RELATED PARTY	Accounts receivable-related party are carried at their estimated collectible amounts. Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. The company has account receivable-related party, $262,288 and $62,500 in year 2018 and 2017 respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 5 - INTANGIBLE ASSETS	On February 22, 2016 the Company entered into a Know-How and Asset Purchase Agreement with Luxor Capital, LLC, whereby the Company acquired Gaming IP and know-how. The purchase price for these assets consisted of a convertible note in the amount of $ 2,874,712, included $2,374,712 payable to Luxor Capital, LLC and 1,666,667 shares of the Company’s common stock. During the year ended July 31, 2016, management evaluated the carrying value on the intellectual property and recorded an impairment of $2,874,712 due to uncertain recoverability.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 6 - NOTES PAYABLE	Convertible notes payable Convertible notes payable at July 31, 2018 and 2017 consisted of the following: July 31, July 31, 2018 2017 Convertible Note #2 30,000 30,000 Convertible Note #31- in default - 9,550 Convertible Note #42 - in default - 430 Convertible Note #44 - in default - 4,400 Convertible Note #45 - in default - 28,285 Convertible Note #46 - in default 1,930 33,000 Convertible Note #59 - in default 10,000 10,000 Convertible Note #68 - Related party - in default 495,712 795,712 Convertible Note #69 - 33,810 Convertible Note #69 - - Notes payable, principal $ 537,642 $ 945,187 Debt discount - (12,035 ) Total notes payable, net of discount $ 30,000 $ 51,775 Total notes payable, net of discount - in default $ 507,642 $ 881,377 Convertible Note #2 On March 19, 2012, the Company received $30,000 cash from the issuance of a convertible promissory note in the amount of $30,000. The promissory note is unsecured, interest free and repayable upon demand. As of July 31, 2018 and 2017, principal of this note was $30,000 and $30,000, respectively. The note may be converted at the option of the holder into Common stock of the Company. The fixed conversion price is $0.01 per share. Accordingly the note may be converted into 2,000 common shares of the Company. The Company determined that this Promissory note should be accounted for in accordance with FASB ASC 470-20 which addresses “Accounting for Convertible Securities with Beneficial Conversion Features". The beneficial conversion feature is calculated at its intrinsic value (that is, the difference between the conversion price $0.01 and the fair value of the common stock into which the debt is convertible at the commitment date (per share being $0.08), multiplied by the number of shares into which the debt is convertible. The valuation of the beneficial conversion feature recorded cannot be greater than the face value of the note issued. As of July 31, 2018, debt discount balance $0 was recorded. Convertible Note #31 On March 17, 2014, the Company received funding pursuant to a convertible promissory note in the amount of $26,500. The promissory note is unsecured, bears interest at 8% per annum, and matures on March 17, 2015. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $42,734 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. Debt discount of the note was amortized to $0 on March 17, 2015. During the year ended July 31, 2018, the Company issued 71,464,540 shares of common stock for the conversion of this note in the amount of $9,550. As of July 31, 2018 and 2017, principal of this note was $0 and $9,550, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $9,550, respectively. As of July 31, 2018, the note has been fully converted. Convertible Note #42 On June 6, 2014, the Company received funding pursuant to a convertible promissory note in the amount of $25,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on June 6, 2015. Any principal amount not paid by the maturity date bears interest at 16% per annum. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 60% of the lowest closing prices during the ten trading days prior to the conversion date. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $33,550 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. Debt discount of the note was amortized to $0 on June 6, 2015. On October 24, 2017, the Company agreed to settle a dispute regarding a claim by the note holder that GMGI was liable for damages and penalty interest. In this settlement the Company agreed to issue 19,166,672 shares and remit $5,000 in final settlement of all interest and any damages claimed. The Company recorded a gain on extinguishment of debt $814. This includes the settlement of Promissory Note #44, below. During the year ended July 31, 2018, the Company issued 19,166,672 common shares upon the settlement agreement. As of July 31, 2018 and 2017, principal balance of this note was $0 and $286, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $25,119, respectively. As of July 31, 2018, the note has been fully converted. Convertible Note #44 On July 2, 2014, the Company received funding pursuant to a convertible promissory note in the amount of $25,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on June 6, 2015. Any principal amount not paid by the maturity date bears interest at 16% per annum. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 60% of the lowest closing prices during the ten trading days prior to the conversion date. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $40,725 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. Debt discount of the note was amortized to $0 on June 6, 2015. On October 24, 2017, the Company agreed to settle a dispute regarding a claim by the note holder that GMGI was liable for damages and penalty interest. In this settlement the Company agreed to issue 19,166,672 shares and remit $5,000 in final settlement of all interest and any damages claimed. The Company recorded a gain on extinguishment of debt $814. The Company recorded a gain on extinguishment of debt $814. During the year ended July 31, 2018, the Company issued 49,667,010 common shares upon the conversion of $10,399 in principal and $2,686 in interest.. As of July 31, 2018 and 2017, principal balance of this note was $0 and $4,400, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $44,999, respectively. As of July 31, 2018, the note has been fully converted. Convertible Note #45 On July 9, 2014, the Company arranged a debt swap under which Syndication Capital Note #20 for $75,000 was transferred to LG Capital Funding, LLC. The promissory note is unsecured, bears interest at 8% per annum and matures on July 9, 2015. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $202,937 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. Debt discount of the note was amortized to $0 on July 9, 2015. On May 24, 2018, the Company entered into Settlement Agreement and Mutual General Release (the “Settlement Agreement”) with LG Capital Funding LLC (“LG”) whereby the parties agreed to release each other from any, and all liabilities relating to the Convertible Promissory Note. In this Settlement Agreement, the Company agreed to pay out the remaining balance of the note totaling $48,604. As of July 31, 2018 and 2017, principal balance of this note was $0 and $28,285, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $50,912, respectively. As of July 31, 2018, settlement payable on this note was $9,302. Convertible Note #46 On July 9, 2014, the Company received funding pursuant to a convertible promissory note in the amount of $33,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on July 9, 2015. Any principal amount not paid by the maturity date bears interest at 16% per annum. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $130,556 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. Debt discount of the note was amortized to $0 on July 9, 2015. As of July 31, 2018 and 2017 the company issued 418,804,867 common shares upon the conversion of $31,070 in principle and $15,058 in interest. The principal balance of this note was $1,930 and $33,000, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $1,930 and $59,400, respectively. This note is currently in default and has a default interest rate of 16% per annum. Convertible Note #59 On July 31, 2015 the Company entered into a Convertible Promissory Note with Direct Capital Group, Inc. in the sum of $240,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on January 31, 2016. Any principal amount not paid by the maturity date bears interest at 22% per annum. On April 26, 2016, $50,000 was reassigned to Blackbridge Capital, LLC (“Blackbridge”). Blackbridge failed to meet terms of the Assignment and Assumption and were therefore in default of their obligations. The Company took legal advice regarding the breach of Blackbridge Capital LLC’s obligations. On the June 2, 2016, the Company’s legal counsel, wrote to Blackbridge Capital advising them of the breach and also that the Company had cancelled the remaining balance on the note. The Company recorded a gain on extinguishment of debt $47,151. On July 21, 2016, $25,000 was reassigned to Istvan Elek. At any time the note may be converted at the option of the holder into Common stock of the Company. The conversion price is 50% of the market price, where market price is defined as “the lowest closing price on any day with a fifteen day look back”. A portion of the proceeds from issuance of the convertible debt, equal to the intrinsic value, is allocated to additional paid-in capital. Because the debt is due on demand and is convertible at the date of issuance, the valuation of the beneficial conversion feature is charged to interest expense at the date of issuance. On July 31, 2015, interest expense relating to the beneficial conversion feature of this convertible note of $0 was recorded in the financial statements, with a corresponding increase to additional paid in capital. On September 22, 2016, the Company entered into a Cancellation and Release Agreement with Direct Capital Group, Inc. (“Direct”). In terms of Cancellation and Release Agreement Direct agreed to cancel the convertible promissory note with the Company totaling $183,157. In consideration for the cancellation of the convertible promissory notes and in terms of the Asset Purchase Agreement dated February 22, 2016, the Company has agreed to transfer ownership of mining claims held in the Company’s name. It was also agreed by both the Company and Direct that Direct shall release all future claims to subsequent conversions of the Notes and the Company will have no further obligation to Direct under those Convertible Notes and Direct shall be forever barred from seeking further conversions or claiming obligations of the Company under the Convertible Notes. The Company recorded a gain on extinguishment of debt of $165,000 related to the agreement. As of July 31, 2018 and 2017, derivative liability of this note was $10,000 and $20,000, respectively. As of July 31, 2018 and 2017, principal balance of this note was $10,000 and $10,000, respectively. Convertible Note #68 On March 1, 2016 the Company entered into a convertible promissory note with Luxor Capital, LLC (“Luxor”) in the amount of $2,374,712. The promissory note is unsecured, bears interest at 6% per annum, and matures on March 1, 2017, and this note is currently in default. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $1,662,243 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. During the year ended July 31, 2017, $277,799 amortization of debt discount expense on this note was recorded. As of July 31 2018 and 2017, debt discount of this note was $0 and $277,799, respectively. During the year ended July 31, 2018, the Company issued 250,000,000 common shares upon the conversion of $300,000 in principal. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $0, respectively. As of July 31, 2018 and 2017, principal balance of this note was $495,712 and $795,712, respectively. This note is currently in default. The default had no effect on the note’s interest rate. Convertible Note #69 On January 11, 2017 the Company entered into a convertible promissory note with Power Up Lending Group Ltd (“Power Up”) in the amount of $38,000. The promissory note bears interest at 8% per annum, and matures on October 28, 2017. Any principal amount not paid by the maturity date bears interest at 22% per annum. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $61,883 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. During the year ended July 31, 2017, $25,965 amortization of debt discount expense was recorded on this note. As of July 2018 and 2017, debt discount of this note was $0 and $12,035, respectively. During the year ended July 31, 2018, the Company issued 138,259,443 common shares upon the conversion of $33,810 in principal, $1,906 in interest and $1,600 in stock payable. As of July 31, 2018 and 2017, principal balance of this note was $0 and $33,810, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $42,124, respectively. Convertible Note #70 On September 7, 2017 the Company entered into a convertible promissory note with Power Up Lending Group Ltd (“Power Up”) in the amount of $38,000. The promissory note bears interest at 8% per annum, and matures on June 15, 2018. Any principal amount not paid by the maturity date bears interest at 22% per annum. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $67,041 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. During the year ended July 31, 2018, $38,000 amortization expense of debt discount was recorded on this note. As of July 31, 2018, debt discount of this note was $0. During the year ended July 31, 2018, the Company issued 368,050,596 common shares upon the conversion of $38,000 in principal, $1,520 in interest. As of July 31, 2018 and 2017, principal balance of this note was $0 and $0, respectively. As of July 31, 2018 and 2017, derivative liability of this note was $0 and $0, respectively. As of July 31, 2018, this note has been fully converted. Debt Discount The table below presents the changes of the debt discount during the years ended July 31, 2018 and 2017: Amount 2018 Amount 2017 July 31, $ 12,034 $ 277,798 Additions 66,227 38,000 Amortization (78,261 ) (303,764 ) July 31, $ - 12,034 Loans from shareholders During the year ended July 31, 2016 and, the Company received a loan of $1,000 from its officer to open a new bank account. As of July 31, 2018, the balance of the loan was $1,000. The loan form the officers are due on demand, unsecured with no interest.

DERIVATIVE LIABILITIES - NOTE C

DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 7 - DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE	Due to the conversion features contained in the convertible notes issued, the actual number of shares of common stock that would be required if a conversion of the notes as further described in Note 6 was made through the issuance of the Company’s common stock cannot be predicted, and the Company could be required to issue an amount of shares that may cause it to exceed its authorized share amount. As a result, the conversion feature requires derivative accounting treatment and will be bifurcated from the notes and “marked to market” each reporting period through the income statement. The fair value of the conversion future of the notes was recognized as a derivative liability instrument and will be measured at fair value at each reporting period. During the year July 31, 2018 and 2017, the Company recorded derivative liabilities for embedded conversion features related to convertible notes payable of face value $95,266 and $61,883 respectively. The Company remeasured the fair value of the instruments as of July 31, 2018 and 2017, and recorded an unrealized loss of $165,514 and a gain of $1,611,153 for the years ended July 31, 2018 and 2017, respectively. The Company recorded a loss on settlement of derivative liability of $160,440 and $0 as of July 31, 2018 and 2017, respectively. As of July 31, 2018 and 2017, the derivative liability associated with the note conversion features were $11,930 and $136,177, respectively. These derivative liabilities have been measured in accordance with fair value measurements, as defined by ASC 820. The valuation assumptions are classified within Level 1 and Level 2 inputs. The following table represents the Company’s derivative liability activity for the embedded conversion features discussed above. The following table represents the Company’s derivative liability activity for the embedded conversion features discussed above: 2018 2017 Fair value at July 31, 136,177 1,939,753 Initial recognition of derivative liability 95,266 61,883 Conversion of derivative liability (224,587 ) (254,306 ) Market-to-Market adjustment to fair value 165,514 (1,611,153 ) Loss on settlement agreement (160,440 ) - Fair value at July 31, $ 11,930 136,177

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 8 - RELATED PARTY TRANSACTIONS	All related party transactions have been recorded at the exchange value which was the amount of consideration established and agreed to by the related parties. On February 22, 2016, the Company entered into an Asset Purchase Agreement with Luxor Capital, LLC, which is wholly owned by Anthony Goodman, CEO of the Company. The Company purchased a Certain Gaming IP, along with the “know how” of that Gaming IP from Luxor. Pursuant to the Asset Purchase Agreement, 11,112 shares of common stock have been issued to Luxor Capital, LLC and its designed party. On February 22, 2016, the Company entered into a Consulting Service Agreement with its Chief Executive Officer, Anthony Goodman. Pursuant to the Agreement, the consulting fee could be settled in shares. During the year ended July 31, 2018, the Company issued 102,780,659 shares of common stock to settle account payable of $60,000 to Mr. Goodman. As of July 31, 2018, the Company has a $61,903 payable to Mr. Goodman. On February 22, 2016, the Company entered into a Consulting Service Agreement with its Financial Executive Officer, Weiting Feng. Pursuant to the Agreement, the consulting fee could be settled in shares. During the year ended July 31, 2018, the Company issued 102,780,659 shares of common stock to settle account payable of $60,000 to Ms. Feng. As of July 31, 2018, the Company has a $72,300 payable to Ms. Feng. On April 1, 2016, the Company entered into a Services Agreement with Articulate Pty Ltd, which is wholly owned by Anthony Goodman CEO of the Company, for consulting services. Pursuant to the agreement Articulated would receive $4,500 per month ending for services rendered plus reimbursement of the Company's expenses. On January 1, 2018, the Company amended the Back Office Agreement, in which Articulate discontinued to provided services, however the term of the Back Office Agreement will continue for a further 12 months for with regard to further co-operation. During the year ended July 31, 2018 and 2017, general and administrative expense related to this service was $209,100 and $250,217, respectively. As of July 31, 2018, the Company has a $220,148 payable to Articulate Pty Ltd. On June 1, 2016, the Company entered a distribution usage rights agreement with Globaltech Software Services LLC. (“Globaltech”), a company in which Anthony Goodman the Chief Executive Officer has an interest, the Company agreed to provide certain proprietary technology in the form of a Credit Management system, Social Gaming system and other Marketing and Gaming Technology. This agreement not only brings operating revenue to the Company, but also solidifies the Company’s expertise in the social gaming market. During the year ended July 31, 2018 and 2017, revenue from Globaltech was $120,000 and $120,000, respectively. As of July 31, 2018, the Company had a $80,500 accounts receivable to Globaltech. On February 28, 2018, the Company entered into an Asset Purchase Agreement with Luxor Capital, LLC(“ Luxor”), which is wholly owned by Company’s Chief Executive Officer Anthony Goodman. Pursuant to the Asset Purchase Agreement, the Company purchased certain Intellectual Property and Know-how (the "GM2 Asset"), in exchange, the Company issued 625,000,000 shares of common stock valued at $187,500 on the date of issuance, and an Earnout Note Payable calculated at 50% of the revenues generated by the GM2 Asset during the 12-month period of March 1, 2018 to February 28, 2019 to Luxor. The Earnout Note lead to a contingent liability of $1,055,312 as of July 31, 2018. The GM2 Asset is expected to lead to new clients and incremental revenues by allowing the Company to offer unique IP to Social Gaming Clientele. On March 1 2018, the Company entered into a License Agreement (the “License Agreement”) with Articulate Pty Ltd. (“Articulate”), which is wholly owned by Anthony Goodman. Articulate received a license from the Company to use the GM2 Asset technology. Articulate would pay the Company a usage fee calculated as a certain percentage of the monthly content and software usage within the GM2 Asset system. During the year ended July 31, 2018, revenue from Articulate was $780,804. As of July 31, 2018, the Company had a $281,788 accounts receivable to Articulate.

EQUITY

EQUITY	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 9 - EQUITY	Preferred Stock The Company is authorized to issue 20,000,000 shares of it $0.00001 par value preferred stock. On August 10, 2015, the Company's Board of Directors authorized the creation of 1,000 shares of Series B Voting Preferred Stock. The holder of the shares of the Series B Voting Preferred Stock has the right to vote those shares of the Series B Voting Preferred Stock regarding any matter or action that is required to be submitted to the shareholders of the Company for approval. The vote of each share of the Series B Voting Preferred Stock is equal to and counted as 4 times the votes of all of the shares of the Company's (i) common stock, and (ii) other voting preferred stock issued and outstanding on the date of each and every vote or consent of the shareholders of the Company regarding each and every matter submitted to the shareholders of the Company for approval. On August 10, 2015, the Company filed a Certificate of Designation with the Nevada Secretary of State creating the 1,000 shares of Series B Voting Preferred Stock On August 14, 2015, the Company issued 1,000 shares of Series B Voting Preferred Stock to Santa Rosa Resources, representing 100% of the total issued and outstanding shares of the Company's Series B Voting Preferred Stock. On April 3, 2016, the Company cancelled 1,000 shares of Series B Voting Preferred Stock to Santa Rosa Resources and a new certificate issued in the name of Luxor Capital LLC in the amount of 1000 Series B shares. As of July 31, 2018 and 2017, 19,999,000 Series A preferred shares and 1,000 Series B preferred shares of par value $0.00001 were authorized, of which 0 Series A shares were issued and outstanding, 1,000 Series B shares were issued and outstanding. Common Stock The Company is authorized to issue 6,000,000,000 shares of its $0.00001 par value common stock. During the year ended July 31, 2018, the Company issued 1,046,246,456 shares of common stock for the conversion of notes payable and accrued interest of $122,769 and $27,607, respectively. During the year ended July 31, 2018, the Company issued 250,000,000 shares of common stock for the conversion of notes payable held by a related party of $300,000. During the year ended July 31, 2018, the Company issued 300,000,000 shares of common stock for the subscription agreements with 8 investors, valued at $120,000. During the year ended July 31, 2018, the Company issued 205,561,318 shares of common stock to settle accounts payable of $120,000 with Mr. Goodman and Ms. Feng. On February 28, the Company issued 625,000,000 shares of common stock for certain Intellectual Property and Know-how (the "GM2 Asset") to Luxor Capital LLC according to the Asset Purchase Agreement, valued at $187,500 based on closing market price on the date of the agreement. On March 12, 2018, the Company entered into a Corporate Communication and Investor Relations Program (the “ Agreement”) with James Caplan, d/b/a Marker Maker, pursuant to the Agreement, 50,000,000 shares of common stock were granted to Market Maker or in such names designated by James Caplan. The shares were valued at $45,000. On April 26, 2018 , the Company entered into a Consulting Agreement with Joshua Ramsdell of J Ramsdell Consulting Services Agreement ( the “Agreement”) for a period of one month. Pursuant to the agreement, 2,000,000 shares of common stock were issued for the relations management services. The shares were valued at $1,200. On June 7, 2018, the Company entered into a Consulting Agreement with Joshua Ramsdell of J Ramsdell Consulting Services Agreement ( the “Agreement”) for a period of six months. Pursuant to the agreement, 6,000,000 shares of common stock shall be issued for the relations management services. As of July 31, 2018, 3,000,000 shares were delivered to the consultant. The shares were valued at $3,000. During the year end July 31, 2017, the Company issued additional 4,100 shares were issued due to no fractional shares used as a result of per reverse stock split. During the year ended July 31, 2017, the Company issued 144,896,078 common shares upon the conversion of $362,420 in principal and $31,265 interest of promissory notes into common stock. As of July 31, 2017, stock payable balance was $1,600, for which 6,400,000 common shares upon the conversion. As of July 31, 2017, the Company issued 22,700,000 common shares upon settlement agreement with Rockwell. As of July 31, 2018, 6,000,000,000 common shares of par value $0.00001 were authorized, of which 2,622,904,757 shares were issued and outstanding. Stock Option Plan On January 3, 2018, the Company granted a stock option plan: the 2018 Equity Incentive Plan. The stock option was granted at the fair value of the grant date using the Black-Scholes option pricing model, and revalued at each reporting period end and amortized at the greater value of vested or straight-line amortization. The compensation expense will be charged to operations through the vesting period. The Company granted stock options to 9 external consultants, each of them was granted to purchase 30,000,000 shares of common stock of the Company at exercise price of $0.0004 with exercise period of three years, vesting 33% each anniversary for three years. The fair value of the stock option was $108,000 in total on the grant date. As of July 31, 2018, two of the external consultant has resigned, their option were forfeited. The Company granted stock options to its Chief Financial Officer to purchase 210,000,000 shares of common stock of the Company at exercise price of $0.00044 with exercise period of one and a half years to an officer, vesting 33% each half year. The fair value of the stock option was $83,808 on the grant date. The Company granted stock options to its Chief Executive Officer to purchase 810,000,000 shares of common stock of the Company at exercise price of $0.00044 with exercise period of one and a half years to an officer, vesting 1/3 each half year for one and a half years. The fair value of the stock option was $323,225 on the grant date. On March 15, 2018, the Company granted stock options to an external consultants, James Young. The consultant was granted to purchase 210,000,000 shares of common stock of the Company at exercise price of $0.0004 with exercise period of three years, vesting 33% each anniversary for three years. The fair value of the stock option was $82,943 on the grant date. On May 8, 2018, the Company granted stock options to an external consultants, Siu Kei Ho. The consultant was granted to purchase 75,000,000 shares of common stock of the Company at exercise price of $0.0004 with exercise period of three years, vesting 33% each anniversary for three years. The fair value of the stock option was $28,516 on the grant date. As of July 31, 2018, none of the stock options were vested; $201,112 amortization expense was recorded related to the 2018 Equity Incentive Plan.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 10 - INCOME TAXES	A reconciliation of income tax expense to the amount computed at the statutory rates is as follows: 2018 2017 Operating loss for the years ended July 31 $ (1,318,373 ) $ 1,801,080 Average statutory tax rate 34 % 34 % Deferred tax Liability (asset) attributable to net operating loss carry-forwards $ (448,247 ) $ 612,367 Significant components of the Company’s deferred tax assets and liabilities as at July 31,2018 after applying enacted corporate tax rates, are as follows: 2018 Deferred tax asset attributable to net operating loss carry-forwards $ 448,247 Less: valuation allowance $ (448,247 ) Net deferred income tax assets $ - The Company has net operating losses carried forward of approximately $448,247 for tax purpose which may be recognized in future periods, not to exceed 20 years.

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 11 - CONCENTRATIONS	The Company’s major revenues for the year ended July 31, 2018 were from two related parties. As of July 31, 2018, the aggregate amount of revenue due from the two customers was $915,804, which included $362,288 receivable for expenses paid on behalf of the two customers. Pursuant to the company’s strategic partnership agreement to gain revenue from technical service usage fee, the agreement remains in full force indefinitely since 2016. In addition, the new license agreement with Articulate Pty Ltd, in 1 st

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 12 - COMMITMENTS AND CONTINGENCIES	Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims brought to such legal counsel’s attention as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

ACQUISITION OF BUSINESS

ACQUISITION OF BUSINESS	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 13 - ACQUISITION OF BUSINESS	On February 28, 2018, the company entered into an Asset Purchase Agreement with Luxor Capital, LLC. Pursuant to the agreement the company purchased certain Intellectual Property and Know-how (the “GM2 Asset”), which were valued at $0 due to the fact that this was a related party acquisition and the prior entity’s cost basis was $0 in the assets. In exchange for the GM2 asset, the company issued 625,000,000 shares of common stock valued at $187,500 based on closing market price on the date of the agreement as well as an earn-out payment which states that the Company, on or before April 30, 2019, will issue an earn-out note calculated at 50% of the revenues generated by the GM2 Asset system during the 12-month period of March 1, 2018 to February 28, 2019. Related to the earn-out note, the Company recorded a contingent liability of $1,055,312 for the potential liability due to Luxor; see Note 14. A description of the manner by which the earn-out note was valued is set forth at Note 3. The acquisition was accounted for as a business combination. Based upon its analysis of the above facts, the Company determined that the acquisition of the GM2 System was also a related party transaction. Accordingly, the asset acquired was recorded on the cost basis at the time of the acquisition with the total cost being recorded to compensation expense. The assets acquired and liabilities assumed were comprised of the following: Cash and cash equivalents $ - Total assets acquired - Contingent liability 1,055,312 Common stock issued for acquisition 187,500 Total liabilities assumed and common shares issued 1,242,812 Net compensation expense – related party $ 1,242,812 As the predecessor company was not using the assets in the same manner as the Company, no proforma financials are presented.

CONTINGENT LIABILITY

CONTINGENT LIABILITY	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 14 - CONTINGENT LIABILITY	The Company recorded a contingent liability to reflect the earn-out note calculated at 50% of the revenues generated by the GM2 Asset system starting from March 1, 2018 till February 28, 2019. The estimated potential obligation with this agreement was recorded at a fair value of $1,055,312, as of July 31, 2018, based upon the actual and projected revenues from these assets. However, it is not possible for our company to estimate the potential future payments exactly until after February 28, 2019; therefore, this amount will be adjusted quarterly to ensure that the value is as accurate as possible until the final amount is known.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 15 - SUBSEQUENT EVENTS	On September 10, 2018, the Company entered into Settlement Agreement with Luxor Capital LLC (“Luxor”) whereby the parties agreed to release each other from any, and all liabilities relating to the Convertible Promissory Note issued by the Company in favor of Luxor which was dated March 1, 2016 and in the original principal amount of $2,874,712. Pursuant to the Settlement Agreement, the Company agreed to pay out the remaining balance of the said note totaling $649,414 by converting $209,414 into common stock at a conversion price $0.001, by making a payment of $150,000 and by entering into an interest free loan for the balance of $290,000, such loan to be repaid in two equal installments of $145,000 on the 10th September 2019 and 10th September 2020. On September 10, 2018, 209,414,000 shares of common stock were issued for the conversion of $209,414. On August 28, 2018, the Company entered into Settlement Agreement and Mutual General Release (the “Settlement Agreement”) with LG Capital Funding LLC (“LG”) whereby the parties agreed to release each other from any, and all liabilities relating to the Convertible Promissory Note (Note 46). In this Settlement Agreement, the Company agreed to pay out the remaining balance of the note Principal $1,930, Accrued Interest $154.40, Default Interest and Penalty $6,033.20 totaling $8,117.60. As of August 28, 2018 the balance of this Note was $0. On October 1, 2018, 3,000,000 shares for services to Joshua Ramsdell pursuant to a Consulting Agreement entered on June 7, 2018.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2018
Summary Of Accounting Policies
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.
Allowance for doubtful accounts	The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on known troubled accounts, historical experience, and other currently available evidence. As of July 31, 2018 and 2017, there were no allowances for doubtful accounts.
Cash and Cash Equivalents	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Derivative Instruments	We review the terms of the common stock, warrants and convertible debt we issue to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any are then allocated to the host instruments themselves, usually resulting in those instruments being recorded as a discount from their face value. Derivatives are measured at their fair value on the balance sheet. Changes in fair value are recorded in the statement of operation.
Intangible Assets	Intangible assets consist of expenditures for domain names and certain intellectual properties acquired for an online horse racing product the Company is developing. The intangible assets are recorded at cost and amortized over its estimated useful life of 3 years.
Contingent Liabilities	We record contingent liabilities when we believe that it is both probable that a loss has been incurred and the amount can be reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. We review these provisions quarterly and adjust these provisions accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information.
Long Lived Assets	Long-lived assets to be held and used or disposed of other than by sale are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When required, impairment losses on assets to be held and used or disposed of other than by sale are recognized based on the fair value of the asset. Long-lived assets to be disposed of by sale are reported at the lower of its carrying amount or fair value less cost to sell.
Debt Discount	Debt discount is amortized over the term of the related debt using the effective interest rate method.
Fair Value of Financial Instruments	The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable, such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable. Our financial instruments include cash, accounts payable and accrued liabilities, notes payable, convertible notes payable, advances from shareholder, and derivative liabilities. The carrying values of these financial instruments approximate their fair value due to their short-term nature. The derivative liabilities are stated at their fair value as a level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative liabilities.
Stock-Based Compensation	Stock-based compensation expense is recorded for stock and stock options awarded in return for services rendered. The expense is measured at the grant-date fair value of the award and recognized as compensation expense on a straight-line basis over the service period, which is typically the vesting period. The Company estimates forfeitures that it expects will occur and records expense based upon the number of awards expected to vest.
Income Taxes	The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized.
Earnings (Loss) Per Common Share	Basic net earnings (loss) per common share are computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method. The following is a reconciliation of basic and diluted earnings (loss) per common share for 2018 and 2017: For the Years Ended July 31, 2018 2017 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (1,318,373 ) $ 1,801,080 Denominator: Weighted average common shares outstanding 1,159,457,924 49,825,902 Basic earnings (loss) per common share $ (0.00 ) $ 0.04 Diluted earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (1,318,373 ) $ 1,801,080 Denominator: Weighted average common shares outstanding 1,159,457,924 49,825,902 Preferred shares - 1,000 Convertible Debt - 1,752,202,561 Adjusted weighted average common shares outstanding 1,159,457,924 1,802,029,463 Diluted earnings (loss) per common share $ (0.00 ) $ 0.00 For the year ended July 31, 2018 the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.
Revenues	Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable, which is in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition Revenue Recognition 1. Step 1: Identify the contract with a customer. 2. Step 2: Identify the separate performance obligations in the contract. 3. Step 3: Determine the transaction price. 4. Step 4: Allocate the transaction price to the separate performance obligations in the contract. 5. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.
Reclassification	Certain prior period amounts have been reclassified to conform to current period presentation.
Subsequent Events	GMGI evaluated subsequent events through the date these financial statements were issued for disclosure purposes.
Recent Issued Accounting Pronouncements	In February 2016, a pronouncement was issued that creates new accounting and reporting guidelines for leasing arrangements. The new guidance requires organizations that lease assets to recognize assets and liabilities on the balance sheet related to the rights and obligations created by those leases, regardless of whether they are classified as finance or operating leases. Consistent with current guidance, the recognition, measurement, and presentation of expenses and cash flows arising from a lease primarily will depend on its classification as a finance or operating lease. The guidance also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. The new standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with early application permitted. The new standard is to be applied using a modified retrospective approach. The Company is currently evaluating the impact of the new pronouncement on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718). The FASB issued this update to improve the accounting for employee share-based payments and affect all organizations that issue share based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The updated guidance is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the updates is permitted. Management is currently evaluating the new guidance to determine the impact it will have on our consolidated financial statements. In July 2017, the FASB issued Accounting Standards update (“ASU”) 2017-11, Earning Per share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-controlling Interests with a Scope Exception. Part I of this update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. The amendments in Part II, of this update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. On November 17, 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, a consensus of the FASB’s Emerging Issues Force (the “Task Force”). The new standard requires that the statement of cash flows explain the change during the period in the total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Entities will also be required to reconcile such total to amounts on the balance sheet and disclose the nature of the restrictions. AUS No. 2016-18 is effective for public business entities for fiscal years beginning after December 15, 2017. The Company does not believe this ASU will have an impact on our results of operation, cash flows, other than presentation, or financial condition. The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jul. 31, 2018
Basis Of Presentation And Accounting Policies
Basic and diluted earnings (loss) per common share	For the Years Ended July 31, 2018 2017 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (1,318,373 ) $ 1,801,080 Denominator: Weighted average common shares outstanding 1,159,457,924 49,825,902 Basic earnings (loss) per common share $ (0.00 ) $ 0.04 Diluted earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (1,318,373 ) $ 1,801,080 Denominator: Weighted average common shares outstanding 1,159,457,924 49,825,902 Preferred shares - 1,000 Convertible Debt - 1,752,202,561 Adjusted weighted average common shares outstanding 1,159,457,924 1,802,029,463 Diluted earnings (loss) per common share $ (0.00 ) $ 0.00

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Jul. 31, 2018
Notes Payable
Summary of Convertible Notes Payable	July 31, July 31, 2018 2017 Convertible Note #2 30,000 30,000 Convertible Note #31- in default - 9,550 Convertible Note #42 - in default - 430 Convertible Note #44 - in default - 4,400 Convertible Note #45 - in default - 28,285 Convertible Note #46 - in default 1,930 33,000 Convertible Note #59 - in default 10,000 10,000 Convertible Note #68- Related party- in default 495,712 795,712 Convertible Note #69 - 33,810 Convertible Note #69 - - Notes payable, principal $ 537,642 $ 945,187 Debt discount - (12,035 ) Total notes payable, net of discount $ 30,000 $ 51,775 Total notes payable, net of discount - in default $ 507,642 $ 881,377
Debt Discount	Amount 2018 Amount 2017 July 31, $ 12,034 $ 277,798 Additions 66,227 38,000 Amortization (78,261 ) (303,764 ) July 31, $ 0 12,034

DERIVATIVE LIABILITIES - NOTE_2

DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE (Tables)	12 Months Ended
	Jul. 31, 2018
Derivative Liabilities - Note Conversion Feature
Derivative Liabilities	2018 2017 Fair value at July 31, 136,177 1,939,753 Initial recognition of derivative liability 95,266 61,883 Conversion of derivative liability (224,587 ) (254,306 ) Market-to-Market adjustment to fair value 165,514 (1,611,153 ) Loss on settlement agreement (160,440 ) - Fair value at July 31, $ 11,930 136,177

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jul. 31, 2018
Income Taxes Tables Abstract
Income tax expense	2018 2017 Operating loss for the years ended July 31 $ (1,318,373 ) $ 1,801,080 Average statutory tax rate 34 % 34 % Deferred tax Liability (asset) attributable to net operating loss carry-forwards $ (448,247 ) $ 612,367
Deferred tax assets and liabilities	2018 Deferred tax asset attributable to net operating loss carry-forwards $ 448,247 Less: valuation allowance $ (448,247 ) Net deferred income tax assets $ -

ACQUISITION OF BUSINESS (Tables

ACQUISITION OF BUSINESS (Tables)	12 Months Ended
	Jul. 31, 2018
Acquisition Of Business
Schedule of assets acquired and liabilities assumed	Cash and cash equivalents $ - Total assets acquired - Contingent liability 1,055,312 Common stock issued for acquisition 187,500 Total liabilities assumed and common shares issued 1,242,812 Net compensation expense – related party $ 1,242,812

NATURE OF BUSINESS AND BASIS _2

NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative)	12 Months Ended
	Jul. 31, 2018
Nature Of Business And Basis Of Presentation
Country or state of incorporation	Nevada
Date of incorporation	Jun. 4, 2008

GOING CONCERN (Details Narrati

GOING CONCERN (Details Narrative) - USD ($)	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2016
Going Concern
Working capital deficit	$ (1,341,303)	$ (1,536,147)	$ (3,981,442)

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Numerator:
Net income (loss) available to common shareholders	$ (1,318,373)	$ 1,801,080
Denominator:
Weighted average common shares outstanding	1,159,457,924	49,825,902
Basic earnings (loss) per common share	$ 0	$ 0.04
Numerator:
Net income (loss) available to common shareholders	$ (1,318,373)	$ 1,801,080
Denominator:
Weighted average common shares outstanding	1,159,457,924	49,825,902
Preferred shares		1,000
Convertible Debt		1,752,202,561
Adjusted weighted average common shares outstanding	1,159,457,924	1,802,029,463
Diluted earnings (loss) per common share	$ 0	$ 0

SUMMARY OF ACCOUNTING POLICIE_3

SUMMARY OF ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Jul. 31, 2018
Nature Of Business And Basis Of Presentation
Estimated useful life	3 years

ACCOUNTS RECEIVABLE - RELATED_2

ACCOUNTS RECEIVABLE - RELATED PARTY (Details Narrative) - USD ($)	Jul. 31, 2018	Jul. 31, 2017
Accounts Receivable - Related Party
Account receivable-related party	$ 362,288	$ 62,500

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 22, 2016	Jul. 31, 2016	Jul. 31, 2018	Jul. 31, 2017
Common stock shares			2,622,904,757	141,096,983
Luxor Capital LLC [Member]
Buisness acquistion convertible note amount	$ 2,374,712
Common stock shares	11,112
Asset Purchase Agreement [Member] | Luxor Capital LLC [Member]
Intangible assets impairment recoverability		$ 2,874,712
Buisness acquistion convertible note amount	$ 2,874,712
Common stock shares	1,666,667

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Jul. 31, 2018	Jul. 31, 2017	Jan. 11, 2017	Jul. 31, 2016	Mar. 01, 2016	Mar. 17, 2014
Notes payable, principal	$ 537,642	$ 945,187
Debt discount		(12,035)		$ (277,798)
Total notes payable, net of discount	30,000	51,776
Total notes payable, net of discount - in default	507,642	881,377
Convertible Note 2
Notes payable, principal	30,000	30,000
Debt discount		0
Convertible Note 31
Notes payable, principal		9,550
Debt discount						$ 0
Convertible Note 42
Notes payable, principal		430
Convertible Note 44
Notes payable, principal		4,400
Convertible Note 45
Notes payable, principal		28,285
Convertible Note 46
Notes payable, principal	1,930	33,000
Convertible Note 59
Notes payable, principal	10,000	10,000
Convertible Note 68
Notes payable, principal	495,712	795,712
Debt discount	0	277,799			$ 1,662,243
Convertible Note 69
Notes payable, principal		33,810
Debt discount	0	12,035	$ 61,883
Convertible Note 69
Notes payable, principal

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Notes Payable Details 1Abstract
Begnning debt discount	$ 12,035	$ 277,798
Additions	66,227	38,000
Amortization	(78,261)	(303,764)
Ending debt discount		$ 12,035

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	Sep. 07, 2017	Jan. 11, 2017	Mar. 01, 2016	Jul. 09, 2014	Jul. 02, 2014	Jun. 06, 2014	May 24, 2018	Oct. 24, 2017	Sep. 22, 2016	Jul. 21, 2016	Apr. 26, 2016	Jul. 31, 2015	Mar. 17, 2014	Mar. 19, 2012	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2016	Jul. 09, 2015	Jun. 06, 2015
Accrued interest expense															$ 162,041	$ 413,655
Gain of change in derivative liability															(165,514)	1,611,153
Amortization of debt discount expense															(78,261)	(303,764)
Debt discount																(12,035)	$ (277,798)
Derivative liability															11,930	136,177	1,939,753
Notes payable, principal															537,642	945,187
Gain on extinguishment of debt															129	854,018
Settlement payable															47,919
Officer [Member]
Unsecured loan															1,000
Loan received																	$ 1,000
Convertible Note 42
Convertible debt						$ 25,000
Maturity date						Jun. 6, 2015
Trading days						10 days
Interest rate						16.00%
Common stock lowest closing rate description						The holder has the right after a period of 180 days to convert the balance outstanding into the Company's common stock at a rate equal to 60% of the lowest closing prices during the ten trading days prior to the conversion date.
Debt discount						$ 33,550
Derivative liability						$ 33,550									0	25,119
Notes payable, principal															$ 0	286
Interest on promissory note						8.00%
Common stock shares issued upon conversion of convertible debt								19,166,672							19,166,672
Gain on extinguishment of debt								$ 814
Damages claimed								$ 5,000
Convertible Note 31
Convertible debt													$ 26,500
Maturity date													Mar. 17, 2015
Trading days													10 days
Common stock lowest closing rate description													The holder has the right after a period of 180 days to convert the balance outstanding into the Company's common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date.
Debt discount													$ 0
Derivative liability													$ 42,734		$ 0	9,550
Notes payable, principal																9,550
Interest on promissory note													8.00%
Common stock shares issued upon conversion of convertible debt															71,464,540
Debt conversion converted amount															$ 9,550
Convertible Note 2
Convertible debt														$ 30,000
Debt discount																0
Notes payable, principal															30,000	30,000
Proceeds from issuance of promissory notes														$ 30,000
Conversion price														$ 0.01
Common stock shares issuable upon conversion of convertible notes														2,000
Beneficial conversion feature														The beneficial conversion feature is calculated at its intrinsic value (that is, the difference between the conversion price $0.01 and the fair value of the common stock into which the debt is convertible at the commitment date (per share being $0.08), multiplied by the number of shares into which the debt is convertible
Convertible Note 44
Convertible debt					$ 25,000
Maturity date					Jun. 6, 2015
Interest rate					16.00%
Common stock lowest closing rate description					<font style="font: 10pt Times New Roman, Times, Serif">The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 60% of the lowest closing prices during the ten trading days prior to the conversion date.</font></p>" id="sjs-F49">&lt;p style="margin: 0; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">The holder has the right after a period of 180 days to convert the balance outstanding into the Company&#8217;s common stock at a rate equal to 60% of the lowest closing prices during the ten trading days prior to the conversion date.&lt;/font>&lt;/p>
Debt discount					$ 40,725														$ 0
Derivative liability					$ 40,725										0	44,999
Notes payable, principal															$ 0	4,400
Interest on promissory note					8.00%
Common stock shares issued upon conversion of convertible debt								19,166,672							49,667,010
Debt conversion converted amount															$ 10,399
Debt conversion interest amount															2,686
Gain on extinguishment of debt								$ 814
Damages claimed								$ 5,000
Convertible Note 45
Convertible debt				$ 75,000
Maturity date				Jul. 9, 2015
Trading days				10 days
Interest rate				16.00%
Common stock lowest closing rate description				<font style="font: 10pt Times New Roman, Times, Serif">The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date.</font></p>" id="sjs-E64">&lt;p style="margin: 0pt; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">The holder has the right after a period of 180 days to convert the balance outstanding into the Company&#8217;s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date.&lt;/font>&lt;/p>
Debt discount				$ 202,937														$ 0
Derivative liability				$ 202,937											0	50,912
Notes payable, principal															0	28,285
Interest on promissory note				8.00%
Settlement payable															9,302
Convertible Note 45 | Settlement Agreement [Member]
Remaining balance of notes payable							$ 48,604
Convertible Note 46
Convertible debt				$ 33,000
Maturity date				Jul. 9, 2015
Interest rate				16.00%
Common stock lowest closing rate description				<font style="font: 10pt Times New Roman, Times, Serif">The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date.</font></p>" id="sjs-E76">&lt;p style="margin: 0; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">The holder has the right after a period of 180 days to convert the balance outstanding into the Company&#8217;s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date.&lt;/font>&lt;/p>
Debt discount				$ 130,556														$ 0
Derivative liability				$ 130,556											1,930	59,400
Notes payable, principal															$ 1,930	33,000
Interest on promissory note				8.00%
Common stock shares issued upon conversion of convertible debt															418,804,867
Debt conversion converted amount															$ 31,070
Debt conversion interest amount															15,058
Convertible Note 59
Convertible debt											$ 50,000	$ 240,000
Maturity date												Jan. 31, 2016
Interest rate												22.00%
Derivative liability															10,000	20,000
Notes payable, principal															10,000	10,000
Interest expense related to beneficial conversion feature												$ 0
Conversion price												$ 0.00001
Interest on promissory note												8.00%
Gain on extinguishment of debt											$ 47,151
Convertible Note 59 | Cancellation and Release Agreement [Member]
Convertible debt									$ 183,157
Gain on extinguishment of debt									$ 165,000
Convertible Note 59 | Istvan Elek [Member]
Convertible debt										$ 25,000
Conversion price as a percentage of market price										50.00%
Convertible Note 68
Convertible debt			$ 2,374,712
Maturity date			Mar. 1, 2017
Amortization of debt discount expense																277,799
Debt discount			$ 1,662,243												0	277,799
Derivative liability			$ 1,662,243												0	0
Notes payable, principal															$ 495,712	795,712
Interest on promissory note			6.00%
Common stock shares issued upon conversion of convertible debt															250,000,000
Debt conversion converted amount															$ 300,000
Convertible Note 69
Convertible debt		$ 38,000
Maturity date		Oct. 28, 2017
Interest rate		22.00%
Amortization of debt discount expense																25,965
Debt discount		$ 61,883													0	12,035
Derivative liability		$ 61,883													0	42,124
Notes payable, principal																33,810
Interest on promissory note		8.00%
Common stock shares issued upon conversion of convertible debt															138,259,443
Debt conversion converted amount															$ 33,810
Debt conversion interest amount															1,906
Debt conversion stock payable															1,600
Convertible Note 70
Convertible debt	$ 38,000
Maturity date	Jun. 15, 2018
Interest rate	22.00%
Amortization of debt discount expense															38,000
Debt discount	$ 67,041														0
Derivative liability	$ 67,041														0	0
Notes payable, principal															$ 0	$ 0
Interest on promissory note	8.00%
Common stock shares issued upon conversion of convertible debt															368,050,596
Debt conversion converted amount															$ 38,000
Debt conversion interest amount															$ 1,520

DERIVATIVE LIABILITIES - NOTE_3

DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE (Details) - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Derivative Liabilities Note Conversion Feature Details Abstract
Balance, beginning of period	$ 136,177	$ 1,939,753
Initial recognition of derivative liability	95,266	61,883
Conversion of derivative liability	(224,587)	(254,306)
Mark-to-Market adjustment to fair value	165,514	(1,611,153)
Loss on settlement agreement	(160,440)
Balance, end of period	$ 11,930	$ 136,177

DERIVATIVE LIABILITIES - NOTE_4

DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2016
Derivative Liabilities Note Conversion Feature Details Narrative Abstract
Initial recognition of derivative liability	$ 95,266	$ 61,883
Gain (loss) on derivative liability	(165,514)	1,611,153
Loss on settlement of derivative liability	160,440
Derivative liability related to conversion feature	$ 11,930	$ 136,177	$ 1,939,753

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Apr. 01, 2016	Feb. 28, 2018	Jul. 31, 2018	Jul. 31, 2017	Feb. 22, 2016
Common stock issued for acquisition, value		$ 187,500
Common stock, shares issued			2,622,904,757	141,096,983
Contingent liability-related party		$ 1,055,312	$ 1,055,312
G&A expenses- related party			209,100	250,217
Shares issued for settlement of accounts payable - related party			120,000
Accounts receivable			$ 10,005
Ms.Weiting Feng [Member]
Common stock, shares issued			102,780,659
Accounts payable - related parties			$ 72,300
Shares issued for settlement of accounts payable - related party			$ 60,000
Mr. Goodman [Member]
Common stock, shares issued			102,780,659
Accounts payable - related parties			$ 61,903
Shares issued for settlement of accounts payable - related party			60,000
Articulate Pty Ltd [Member]
Consulting fees per month	$ 4,500
G&A expenses- related party			209,100	250,217
Accounts payable - related parties			220,148
Articulate Pty Ltd [Member] | License Agreement [Member]
Sales- revenue related party			780,804
Accounts receivable			281,788
Luxor Capital LLC [Member]
Common stock, shares issued					11,112
Luxor Capital LLC [Member] | Asset Purchase Agreement [Member]
Common stock issued for acquisition, shares		625,000,000
Common stock issued for acquisition, value		$ 187,500
Contingent liability-related party			1,055,312
Revenues percentage		50.00%
Assets term period		Asset during the 12-month period of March 1, 2018 to February 28, 2019
Globaltech [Member]
Sales- revenue related party			120,000	$ 120,000
Accounts receivable			$ 80,500

EQUITY (Details Narrative)

EQUITY (Details Narrative)	May 08, 2018USD ($)$ / sharesshares	Mar. 15, 2018USD ($)$ / sharesshares	Mar. 12, 2018USD ($)shares	Jan. 03, 2018USD ($)Integer$ / sharesshares	Jan. 03, 2018USD ($)Integer$ / sharesshares	Feb. 28, 2018USD ($)shares	Jul. 31, 2018USD ($)Integer$ / sharesshares	Jul. 31, 2017USD ($)$ / sharesshares	Jun. 07, 2018USD ($)shares	Apr. 26, 2018USD ($)shares	Apr. 03, 2016shares	Feb. 22, 2016shares	Aug. 14, 2015shares	Aug. 10, 2015shares
Preferred stock, par value | $ / shares							$ 0.00001
Preferred stock, shares authorized							20,000,000							1,000
Preferred stock, shares issued													1,000
Percentage of preferred stock issued and outstanding, shares													100.00%
Common shares, par value | $ / shares							$ 0.00001	$ 0.00001
Common shares, authorized							6,000,000,000	2,480,000,000
Common stock issued for acquisition, value | $						$ 187,500
Common stock, shares issued							2,622,904,757	141,096,983
Common shares, outstanding							2,622,904,757	141,096,983
Issuance of shares for convertible notes conversion notes payable | $							$ 122,769
Issuance of shares for convertible notes conversion accrued interest | $							27,607
Issuance of shares for convertible notes conversion - related party, Amount | $							300,000	$ 300,398
Issuance of shares for subscription agreement, Amount | $							120,000
Issuance of shares for settlement of accounts payable –related party, Amount | $							120,000
Common shares issued stock conversion								144,896,078
Common stock conversion principal amount | $								$ 362,420
Interest of promissory notes into common stock | $								31,265
Common stock, value | $							$ 26,229	$ 1,411
Conversion of stock shares converted								6,400,000
Common shares upon settlement agreement share								22,700,000
Additional common stock issued on reverse split							4,100
Stock payable | $								$ 1,600
Shares issued for settlement of accounts payable - related party | $							120,000
Amortization expense | $							$ 129,109
Series B Preferred Stock [Member]
Preferred stock, par value | $ / shares							$ 0.00001	$ 0.00001
Preferred stock, shares authorized							1,000	1,000
Preferred stock, shares issued							1,000	1,000
Preferred stock, shares outstanding							1,000	1,000
Preferred stock, shares cancelled											1,000
Series A Preferred Stock [Member]
Preferred stock, par value | $ / shares							$ 0.00001	$ 0.00001
Preferred stock, shares authorized							19,999,000	19,999,000
Preferred stock, shares issued							0	0
Preferred stock, shares outstanding							0	0
Investor [Member]
Issuance of shares for subscription agreement, Shares							300,000,000
Issuance of shares for subscription agreement, Amount | $							$ 120,000
Number of investors | Integer							8
Common Stock
Issuance of shares for convertible notes conversion, Shares							1,046,246,456	110,783,017
Issuance of shares for convertible notes conversion - related party, Shares							250,000,000	34,113,061
Issuance of shares for convertible notes conversion - related party, Amount | $							$ 2,500	$ 341
Issuance of shares for subscription agreement, Shares							300,000,000
Issuance of shares for subscription agreement, Amount | $							$ 3,000
Issuance of shares for settlement of accounts payable –related party, Shares							205,561,318
Issuance of shares for settlement of accounts payable –related party, Amount | $							$ 2,056
Mr. Goodman and Ms. Feng [Member]
Issuance of shares for settlement of accounts payable –related party, Shares							205,561,318
Issuance of shares for settlement of accounts payable –related party, Amount | $							$ 120,000
Stock Option Plan [Member] | 2018 Equity Incentive Plan [Member]
Amortization expense | $							$ 201,112
Stock Option Plan [Member] | James Young [Member]
Shares issued for settlement of accounts payable - related party | $		$ 82,943
Common stock option granted		210,000,000
Exercise Price | $ / shares		$ 0.0004
Stock option exercise period		3 years
Stock options plan vesting description		vesting 33% each anniversary for three years
Stock Option Plan [Member] | Siu Kei Ho [Member]
Shares issued for settlement of accounts payable - related party | $	$ 28,516
Common stock option granted	75,000,000
Exercise Price | $ / shares	$ 0.0004
Stock option exercise period	3 years
Stock options plan vesting description	vesting 33% each anniversary for three years
Stock Option Plan [Member] | Chief Financial Officer One [Member]
Common stock option granted				810,000,000
Exercise Price | $ / shares				$ 0.00044	$ 0.00044
Stock option exercise period				1 year 6 months
Common stock option granted value | $				$ 323,225
Stock options plan vesting description				vesting 1/3 each half year for one and a half years.
Stock Option Plan [Member] | Chief Financial Officer [Member]
Common stock option granted				210,000,000
Exercise Price | $ / shares				$ 0.00044	$ 0.00044
Stock option exercise period				1 year 6 months
Common stock option granted value | $				$ 83,808
Stock options plan vesting description				vesting 33% each half year.
Stock Option Plan [Member] | External Consultants (9) [Member]
Common stock option granted					30,000,000
Exercise Price | $ / shares				$ 0.0004	$ 0.0004
Stock option exercise period					3 years
Common stock option granted value | $					$ 108,000
Stock options plan vesting description					vesting 33% each anniversary for three years.
Number of consultants | Integer				9	9
Luxor Capital LLC [Member]
Common stock, shares issued												11,112
Luxor Capital LLC [Member] | Series B Preferred Stock [Member]
Preferred stock, shares issued											1,000
Luxor Capital LLC [Member] | Asset Purchase Agreement [Member]
Common stock issued for acquisition, shares						625,000,000
Common stock issued for acquisition, value | $						$ 187,500
Joshua Ramsdell [Member] | Consulting Agreement [Member]
Common stock, shares issued									6,000,000	2,000,000
Common stock share deliver to consultant									3,000,000
Common stock, value | $									$ 3,000	$ 1,200
James Caplan [Member]
Common stock option granted			50,000,000
Common stock option granted value | $			$ 45,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Income Taxes Details Abstract
Operating loss for the years ended July 31	$ (1,318,373)	$ 1,801,080
Average statutory tax rate	34.00%	34.00%
Deferred tax Liability (asset) attributable to net operating loss carry-forwards	$ (448,247)	$ 612,367

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	Jul. 31, 2018USD ($)
Income Taxes Details 1Abstract
Deferred tax asset attributable to net operating loss carry-forwards	$ 448,247
Less: valuation allowance	(448,247)
Net deferred income tax assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Jul. 31, 2018USD ($)
Income Taxes Details Narrative Abstract
Net operating losses carried forward	$ 448,247
Net operating losses carry forward, description	May be recognized in future periods, not to exceed 20 years.

CONCENTRATIONS (Details Narrat

CONCENTRATIONS (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Revenues-related party	$ 915,804	$ 120,000
Accounts receivable - related parties	362,288	$ 62,500
Two Customers [Member]
Revenues-related party	915,804
Accounts receivable - related parties	$ 362,288

ACQUISITION OF BUSINESS (Detail

ACQUISITION OF BUSINESS (Details) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 28, 2018	Jul. 31, 2018	Jul. 31, 2017
Acquisition Of Business Details Abstract
Cash and cash equivalents
Total assets acquired
Contingent liability	1,055,312	$ 1,055,312
Common stock issued for acquisition	187,500
Total liabilities assumed and common shares issued	1,242,812
Net compensation expense - related party	$ 1,242,812	$ 1,242,812

ACQUISITION OF BUSINESS (Deta_2

ACQUISITION OF BUSINESS (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 28, 2018	Jul. 31, 2018	Jul. 31, 2017
Description of revenue generated by GM2 Asset system		<font style="font: 10pt Times New Roman, Times, Serif">Earn-out note calculated at 50% of the revenues generated by the GM2 Asset system starting from March 1, 2018 till February 28, 2019.</font></p>" id="sjs-C3">&lt;p style="margin: 0pt; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">Earn-out note calculated at 50% of the revenues generated by the GM2 Asset system starting from March 1, 2018 till February 28, 2019.&lt;/font>&lt;/p>
Common stock issued for acquisition, value	$ 187,500
Contingent liability-related party	1,055,312	$ 1,055,312
Luxor Capital LLC [Member] | Intellectual Property [Member]
Purchase price	$ 0
Luxor Capital LLC [Member] | Asset Purchase Agreement [Member]
Description of revenue generated by GM2 Asset system	<font style="font: 10pt Times New Roman, Times, Serif">Earn-out payment which states that the Company, on or before April 30, 2019, will issue an earn-out note calculated at 50% of the revenues generated by the GM2 Asset system during the 12-month period of March 1, 2018 to February 28, 2019.</font></p>" id="sjs-B9">&lt;p style="margin: 0pt; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">Earn-out payment which states that the Company, on or before April 30, 2019, will issue an earn-out note calculated at 50% of the revenues generated by the GM2 Asset system during the 12-month period of March 1, 2018 to February 28, 2019.&lt;/font>&lt;/p>
Common stock issued for acquisition, shares	625,000,000
Common stock issued for acquisition, value	$ 187,500
Contingent liability-related party		$ 1,055,312

CONTINGENT LIABILITY (Details N

CONTINGENT LIABILITY (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2018	Feb. 28, 2018	Jul. 31, 2017
Contingent Liability
Description of revenue generated by GM2 Asset system	<font style="font: 10pt Times New Roman, Times, Serif">Earn-out note calculated at 50% of the revenues generated by the GM2 Asset system starting from March 1, 2018 till February 28, 2019.</font></p>" id="sjs-B4">&lt;p style="margin: 0pt; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">Earn-out note calculated at 50% of the revenues generated by the GM2 Asset system starting from March 1, 2018 till February 28, 2019.&lt;/font>&lt;/p>
Contingent liability-related party	$ 1,055,312	$ 1,055,312

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Oct. 01, 2018	Sep. 10, 2018	Aug. 28, 2018	Jul. 31, 2018	Jul. 31, 2017
Convertible note payable including interest and penalty				$ 537,642	$ 945,187
Subsequent event [Member] | LG Capital Funding LLC [Member] | Convertible promissory note (46) [Member]
Convertible note payable including interest and penalty			$ 0
Subsequent event [Member] | LG Capital Funding LLC [Member] | Convertible promissory note (46) [Member] | Settlement Agreement [Member]
Convertible note, principal amount			1,930
Accrued interest			154
Default interest and penalty payble			6,033
Convertible note payable including interest and penalty			$ 8,118
Subsequent event [Member] | Luxor Capital LLC [Member] | Convertible promissory note [Member] | Settlement Agreement [Member]
Convertible note, principal amount		$ 649,414
Debt conversion converted amount		$ 209,414
Debt conversion converted instrument shares issued		209,414,000
Conversion price		$ 0.001
Amount payable under agreement		$ 150,000
Interest free loan payable under agreement		290,000
Subsequent event [Member] | Luxor Capital LLC [Member] | Convertible promissory note [Member] | Settlement Agreement [Member] | First installment [Member]
Interest free loan payable under agreement		$ 145,000
Maturity date		Sep. 10, 2019
Subsequent event [Member] | Luxor Capital LLC [Member] | Convertible promissory note [Member] | Settlement Agreement [Member] | Second installment [Member]
Interest free loan payable under agreement		$ 145,000
Maturity date		Sep. 10, 2020
Subsequent event [Member] | Luxor Capital LLC [Member] | Convertible promissory note [Member] | Settlement Agreement [Member] | March 1, 2016 [Member]
Convertible note, principal amount		$ 2,874,712
Subsequent event [Member] | Joshua Ramsdell [Member] | Consulting Agreement [Member]
Common stock shares issued for services	3,000,000