Golden Matrix (GMGI) 10-K 30 Jan 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Oct. 31, 2022	Jan. 30, 2023	Apr. 30, 2022
Cover [Abstract]
Entity Registrant Name	Golden Matrix Group, Inc.
Entity Central Index Key	0001437925
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--10-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Oct. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		35,574,526
Entity Public Float			$ 74,984,156
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-41326
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	46-1814729
Entity Address Address Line 1	3651 Lindell Road
Entity Address Address Line 2	Suite D131
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89103
City Area Code	702
Local Phone Number	318-7548
Security 12b Title	Common Stock, $0.00001
Trading Symbol	GMGI
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Auditor Name	M&K CPAS, PLLC
Auditor Location	Houston, TX
Auditor Firm Id	2738

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Current assets:
Cash and cash equivalents	$ 14,949,673	$ 16,797,656
Accounts receivable, net	2,641,023	1,762,725
Accounts receivable - related parties	413,714	1,306,896
Prepaid expenses	84,372	114,426
Short-term deposit	52,577	61,799
Inventory, prizes	1,147,591	0
Total current assets	19,288,950	20,043,502
Non-current assets:
Property, plant & equipment, net	72,411	0
Intangible assets, net	2,607,075	135,263
Operating lease right-of-use assets	150,653	280,183
Goodwill	10,452,324	0
Total non-current assets	13,282,463	415,446
Total assets	32,571,413	20,458,948
Current liabilities:
Accounts payable and accrued liabilities	1,385,076	1,074,786
Accounts payable - related parties	10,637	105,062
Accrued income tax liability	324,147	0
Deferred revenues	182,444	0
Deferred tax liability	4,409	0
Current portion of operating lease liability	95,085	100,209
Customer deposits	109,328	68,635
Accrued interest	123	123
Contingent liability	573,197	0
Consideration payable - related party	30,708	0
Total current liabilities	2,715,154	1,348,815
Non-current liabilities:
Non-current portion of operating lease liability	59,778	182,024
Total non-current liabilities	59,778	182,024
Total liabilities	2,774,932	1,530,839
Shareholders' equity:
Preferred stock: $0.00001 par value; 20,000,000 shares authorized	0	0
Common stock: $0.00001 par value; 250,000,000 and 40,000,000 shares authorized; 28,182,575 and 27,231,401 shares issued and outstanding, respectively	282	272
Additional paid-in capital	51,677,727	43,354,366
Accumulated other comprehensive loss	(205,747)	(1,720)
Accumulated deficit	(24,674,847)	(24,424,809)
Total shareholders' equity of GMGI	26,797,415	18,928,109
Noncontrolling interests	2,999,066	0
Total equity	29,796,481	18,928,109
Total liabilities and shareholders' equity	32,571,413	20,458,948
Series B Preferred Stock [Member]
Shareholders' equity:
Preferred stock: $0.00001 par value; 20,000,000 shares authorized	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2022	Oct. 31, 2021
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, authorized	20,000,000	20,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, authorized	250,000,000	40,000,000
Common stock, issued	28,182,575	27,231,401
Common stock, outstanding	28,182,575	27,231,401
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, designated	$ 1,000	$ 1,000
Preferred Stock, issued	1,000	1,000
Preferred Stock, outstanding	1,000	1,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Jan. 31, 2021
Consolidated Statements of Operations and Comprehensive Income (Unaudited)
Revenues	$ 670,783	$ 7,808,401	$ 35,172,483	$ 2,974,182
Revenues-related party	1,087,816	1,525,091	862,373	2,248,877
Total revenues	1,758,599	9,333,492	36,034,856	5,223,059
Cost of goods sold	(57,224)	(6,050,508)	(26,872,229)	(2,000,052)
Gross profit	1,701,375	3,282,984	9,162,627	3,223,007
G&A expense	149,177	1,112,986	5,442,591	566,593
G&A expense- related party	540,073	982,023	2,841,137	2,050,440
Professional fees	26,944	287,383	663,315	159,091
Research and development expense	0	149,738	23,092	47,558
Bad debt expense	10,839	0	0	0
Total operating expenses	727,033	2,532,130	8,970,135	2,823,682
Income from operations	974,342	750,854	192,492	399,325
Interest expense	(26,227)	0	0	(11,852)
Interest earned	18,659	201	9,190	1,611
Foreign exchange gain (loss)	0	(62,983)	261,395	8,996
Other expense	0	(40,000)	0	0
Total other income (expense)	(7,568)	(102,782)	270,585	(1,245)
Net income before tax	966,774	648,072	463,077	398,080
Provision for income taxes	0	0	419,049	0
Net income	966,774	648,072	44,028	398,080
Less: Net income attributable to noncontrolling interest	0	0	294,066	0
Net income (loss) attributable to GMGI	$ 966,774	$ 648,072	$ (250,038)	$ 398,080
Basic	18,968,792	23,884,563	28,042,001	19,953,819
Diluted	27,862,743	32,278,224	28,042,001	31,588,555
Net income (loss) per ordinary share attributable to GMGI:
Basic	$ 0.05	$ 0.03	$ (0.01)	$ 0.02
Diluted	$ 0.03	$ 0.02	$ (0.01)	$ 0.01
Net income	$ 966,774	$ 648,072	$ 44,028	$ 398,080
Foreign currency translation adjustments	0	(742)	(204,027)	0
Comprehensive income (loss)	966,774	647,330	(159,999)	398,080
Less: Net income attributable to noncontrolling interest	0	0	294,066	0
Comprehensive income (loss) attributable to GMGI	$ 966,774	$ 647,330	$ (454,065)	$ 398,080

Consolidated Statement of Share

Consolidated Statement of Shareholders Equity (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Stock Payable [Member]	Stock Payable Related Party [Member]	Accumulated other comprehensive loss	Retained Earnings (Accumulated Deficit)	Total Equity Of GMGI [Member]	Noncontrolling Interest [Member]	Preferred Stock Series B [Member]
Balance, shares at Jul. 31, 2019		18,968,792								1,000
Balance, amount at Jul. 31, 2019	$ 1,033,328	$ 190	$ 27,471,556	$ 0	$ 0	$ (683)	$ (26,437,735)	$ 1,033,328	$ 0	$ 0
Fair value of options/warrants issued for services	449,325	0	449,325	0	0	0	0	449,325	0	0
Settlement of derivative liability	15,000	0	15,000	0	0	0	0	15,000	0	0
Imputed interest	8,771	0	8,771	0	0	0	0	8,771	0	0
Net income	966,774	$ 0	0	0	0	0	966,774	966,774	0	$ 0
FV of stock-based compensation for services	449,325
Balance, shares at Jan. 31, 2020		18,968,792								1,000
Balance, amount at Jan. 31, 2020	2,473,198	$ 190	27,944,652	0	0	(683)	(25,470,961)	2,473,198	0	$ 0
Imputed interest	9,776	0	9,776	0	0	0	0	9,776	0	0
Net income	398,080	$ 0	0	0	0	0	398,080	398,080	0	0
Shares issued for services, shares		66,667
Shares issued for services, amount	51,840	$ 0	37,000	7,420	7,420	0	0	51,840	0	0
Shares issued for private placement, shares		1,936,058
Shares issued for private placement, amount	8,468,864	$ 19	8,468,845	0	0	0	0	8,468,864	0	0
Shares issued on exercise of options, shares		133,334
Shares issued on exercise of options, amount	8,000	$ 2	7,998	0	0	0	0	8,000	0	0
Shares issued on cashless exercise of options, shares		1,633,175
Shares issued on cashless exercise of options, amount	0	$ 16	(16)	0	0	0	0	0	0	0
FV of option/warrants issued for services	1,906,183	$ 0	1,906,183	0	0	0	0	1,906,183	0	0
Reverse split, shares		3,639
Reverse split, amount	0	$ 0	0	0	0	0	0	0	0	0
Acquisition of GTG	(53,709)	0	(53,709)	0	0	0	0	(53,709)	0	0
Cumulative Translation adjustment	(295)	$ 0	0	0	0	(295)	0	(295)	0	$ 0
FV of stock-based compensation for services	1,906,183
Balance, shares at Jan. 31, 2021		22,741,665								1,000
Balance, amount at Jan. 31, 2021	13,261,937	$ 227	38,320,729	7,420	7,420	(978)	(25,072,881)	13,261,937	0	$ 0
Net income	648,072	$ 0	0	0	0	0	648,072	648,072	0	0
Shares issued for services, shares		12,491
Shares issued for services, amount	61,600	$ 0	76,440	(7,420)	(7,420)	0	0	61,600	0	0
Shares issued on exercise of options, shares		66,666
Shares issued on exercise of options, amount	4,010	$ 1	4,009	0	0	0	0	4,010	0	0
Shares issued on cashless exercise of options, shares		782,955
Shares issued on cashless exercise of options, amount	0	$ 8	(8)	0	0	0	0	0	0	0
FV of option/warrants issued for services	905,979	0	905,979	0	0	0	0	905,979	0	0
Cumulative Translation adjustment	(742)	$ 0	0	0	0	(742)	0	(742)	0	0
Shares issued for cash, shares		496,429
Shares issued for cash, amount	3,027,253	$ 5	3,027,248	0	0	0	0	3,027,253	0	0
Shares issued for exercise of warrants, shares		170,000
Shares issued for exercise of warrants, amount	1,020,000	$ 2	1,019,998	0	0	0	0	1,020,000	0	0
Shares issued on cashless exercise of options - related party, shares		2,961,195
Shares issued on cashless exercise of options - related party, amount	0	$ 29	(29)	0	0	0	0	0	0	$ 0
FV of stock-based compensation for services	905,979
Balance, shares at Oct. 31, 2021		27,231,401								1,000
Balance, amount at Oct. 31, 2021	18,928,109	$ 272	43,354,366	0	0	(1,720)	(24,424,809)	18,928,109	0	$ 0
Net income	44,028	$ 0	0	0	0	0	(250,038)	(250,038)	294,066	0
Shares issued on exercise of options, shares		66,666
Shares issued on exercise of options, amount	32,000	$ 1	31,999	0	0	0	0	32,000	0	0
Shares issued on cashless exercise of options, shares		112,095
Shares issued on cashless exercise of options, amount	0	$ 1	(1)	0	0	0	0	0	0	0
Cumulative Translation adjustment	(204,027)	$ 0	0	0	0	(204,027)	0	(204,027)	0	0
Shares issued on cashless exercise of options - related party, shares		35,023
Shares issued on cashless exercise of options - related party, amount	0	$ 0	0	0	0	0	0	0	0	0
Fair value of shares issued for services, shares		808
Fair value of shares issued for services, amount	6,000	$ 0	6,000	0	0	0	0	6,000	0	0
FV of stock-based compensation for services	2,659,221	$ 0	2,659,221	0	0	0	0	2,659,221	0	0
Shares issued as consideration to acquire RKings, shares		736,582
Shares issued as consideration to acquire RKings, amount	5,626,150	$ 8	5,626,142	0	0	0	0	5,626,150	0	0
Fair value of non-controlling interest in RKings	2,705,000	$ 0	0	0	0	0	0	0	2,705,000	$ 0
Balance, shares at Oct. 31, 2022		28,182,575								1,000
Balance, amount at Oct. 31, 2022	$ 29,796,481	$ 282	$ 51,677,727	$ 0	$ 0	$ (205,747)	$ (24,674,847)	$ 26,797,415	$ 2,999,066	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flow (Unaudited) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Cash flows from operating activities:
Net income	$ 966,774	$ 648,072	$ 44,028		$ 398,080
Adjustments to reconcile net income to cash provided by operating activities:
Fair value of stock-based compensation for services	449,325	905,979	2,659,221		1,906,183
Fair value of shares issued for services	0	61,600	6,000		51,840
Amortization of intangible assets	0	38,737	384,588	$ 38,737	0
Depreciation of PPE	0	0	22,847		0
Imputed interest	8,771	0	0		9,776
Penalty on convertible notes payable	2,000	0	0		0
Bad debt expense	10,839	0	0		0
Unrealized foreign exchange gain on contingent liability	0	0	(110,053)		0
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable, net	(526,782)	(722,591)	(916,387)		(249,070)
(Increase) decrease in accounts receivable - related parties	(60,316)	(646,091)	816,163		(512,627)
(Increase) decrease in prepaid expense	0	291,780	18,837		(349,765)
(Increase) decrease in short-term deposit	0	(61,888)	0		0
(Increase) decrease in operating lease asset	0	41,236	96,234		0
(Increase) decrease in receivable from shareholders of subsidiaries	0	0	31,359		0
(Increase) decrease in inventory, prize	0	0	(417,886)		0
(Decrease) increase in accrued income tax liability	0	0	(130,648)		0
(Decrease) increase in deferred revenues	0	0	(59,755)		0
(Decrease) increase in accounts payable and accrued liabilities	(15,483)	937,913	391,655		557,943
(Decrease) increase in accounts payable - related parties	134,141	(103,459)	(17,590)		(42,116)
(Decrease) increase in customer deposit	0	(80,987)	46,335		149,640
(Decrease) increase in operating lease liabilities	0	(39,182)	(93,530)		0
(Decrease) increase in accrued interest	(17,454)	0	0		(41,841)
Net cash provided by operating activities	986,723	1,271,119	2,771,418		1,878,043
Cash flows from investing activities
Cash received from Investment in Global Technology Group Pty Ltd- related party	0	0	0		192
Cash paid for purchase of GTG	0	(115,314)	0		0
Cash paid for purchase of RKings	0	0	(4,024,703)		0
Cash paid for purchase of GMGI Mexico	0	0	(2,411)		0
Cash paid for purchase of intangible assets	0	0	(83,938)		0
Cash paid for leasehold improvement	0	0	(37,668)		0
Cash paid for gaming permit	0	0	(219,934)		0
Cash paid for purchase of fixed assets	0	(116,000)	(36,755)		0
Net cash provided by (used in) investing activities	0	(231,314)	(4,405,409)		192
Cash flows from financing activities:
Proceeds from sale of stock	0	4,047,253	0		8,468,864
Proceeds from option exercise	0	4,010	32,000		8,000
Repayments on shareholder loans - related party	0	(98)	0		(1,000)
Repayments on notes payable	0	0	0		(40,000)
Repayments on settlement payable - related party	0	0	0		(290,000)
Repayments on promissory note - related party	(861,313)	0	0		(174,254)
Net cash provided by (used in) financing activities	(861,313)	4,051,165	32,000		7,971,610
Effect of exchange rate changes on cash	0	337	(245,992)		(1)
Net increase (decrease) in cash and cash equivalents	125,410	5,091,307	(1,847,983)		9,849,844
Cash and cash equivalents at beginning of year	1,731,095	11,706,349	16,797,656		1,856,505
Cash and cash equivalents at end of year	1,856,505	16,797,656	14,949,673	$ 16,797,656	11,706,349
Supplemental cash flows disclosures
Interest paid	0	0	0		43,918
Tax paid	0	0	549,697		0
Settlement of derivative liability	15,000	0	0		0
Accounts payable settled with accounts receivable - related party	0	0	77,019		914,696
Cashless exercise of options	0	8	1		16
Cashless exercise of options - related parties	0	$ 29	0		0
Share issued for services from stock payable		7,420
Share issued for services from stock payable - related party		7,420
Initial ROU asset and lease liability	0	$ 329,254	0		0
Intangible asset write down	$ 0	$ 0	$ 58,000		$ 0

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Oct. 31, 2022
NATURE OF BUSINESS AND BASIS OF PRESENTATION
NATURE OF BUSINESS AND BASIS OF PRESENTATION	NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION Golden Matrix Group, Inc. (“ GMGI Company On May 12, 2020, the Board of Directors approved a change in the Company’s fiscal year from July 31 to January 31, effective as of the same date. On October 29, 2021, the Board of Directors approved a change in the Company’s fiscal year from January 31 to October 31, effective as of the same date. Accordingly, in addition to financial statements as of and for the twelve-months ended October 31, 2022, these financial statements contain information for the nine-month transitional financial statements as of and for the period ending October 31, 2021, the twelve-month period ended January 31, 2021 and the six-month transitional financial statements as of and for the period ended January 31, 2020. On January 19, 2021, the Company acquired 100% ownership of Global Technology Group Pty Ltd (GTG), an Australian company, which has an Alderney Gambling Control Commission (“AGCC”) license (an AGCC Category 2 Associate Certificate). The government of Alderney offers software service providers in the gambling industry with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming related activities. Effective on November 1, 2021, the Company acquired 80% interest of RKingsCompetitions Ltd., a UK company. As a result, we entered into the business-to-consumer (“B2C”) segment by offering pay to enter prize competitions throughout the UK. These prize competitions require entrants to demonstrate sufficient skill, knowledge, or judgment to have a chance of winning and participants are provided with a route to free entry to the prize competitions as required by UK law. We refer to these as “pay to enter prize competitions”. Effective on August 1, 2022, the Company acquired a 100% ownership interest in GMG Assets Limited (“GMG Assets”), a UK company, which was formed to facilitate the Company’s operation of RKings. On July 11, 2022, the Company acquired 99.99% of the stock of Golden Matrix MX which had no assets or operations at the time of acquisition and was formed for the benefit of the Company, for the sole purpose of operating an online casino in Mexico. Henceforth, all references to the “ Company The accompanying consolidated financial statements of the Company 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 (the “ SEC

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Oct. 31, 2022
NATURE OF BUSINESS AND BASIS OF PRESENTATION
SUMMARY OF ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Global Technology Group Pty Ltd. (after January 19, 2021), its 80% ownership interest in RKingsCompetition Ltd (after November 1, 2021), its wholly owned subsidiary of GMG Asset (after August 1, 2022) and its majority owned subsidiary of Golden Matrix MX (after July 11, 2022). All intercompany transactions and balances have been eliminated. The following table represents all subsidiaries of the Company and their respective controlling percentage as of October 31, 2022. Name Place of Organization Ownership Global Technology Group Pty Ltd Sydney, New South Wales, Australia 100% Owned RKingsCompetitions Ltd Northern Ireland 80% Owned Golden Matrix MX, S.A. DE C.V. Mexico 99.99% Owned GMG Assets Limited Northern Ireland 100% Owned Common Control Asset Acquisition A common-control transaction is a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. On January 19, 2021, the Company acquired 100% ownership of Global Technology Group Pty Ltd (GTG), an Australian Company, wholly-owned by Mr. Goodman. Mr. Goodman is also a controlling party of the Company via his stock holding in Luxor Capital, LLC, which had a controlling vote of greater than 50% at that time. As such the acquisition of GTG was a common control acquisition. The accounting and reporting for a transaction between entities under common control is addressed in the “ Transactions Between Entities Under Common Control 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. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation and collectability of accounts receivable. Actual results could differ from those estimates. Foreign Currency Translation and Transactions The functional currency of our foreign operations is generally the local currency. For these foreign entities, we translate their financial statements into U.S. dollars using average exchange rates for the period for income statement amounts and using end-of-period exchange rates for assets and liabilities. We record these translation adjustments in Accumulated other comprehensive income (loss), a separate component of Equity, in our consolidated balance sheets. We record exchange gains and losses resulting from the conversion of transaction currency to functional currency as a component of other income (expense), net. 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 October 31, 2022 and 2021, the allowance for doubtful accounts was $0 and $168,557, respectively. During the twelve-month period ending October 31, 2022, there was no bad debt expense recorded. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Intangible Assets Intangible assets are capitalized when a future benefit is determined. Intangible assets are amortized over the anticipated useful life of the intangible asset. Impairment of Intangible Assets In accordance with ASC 350-30-65 “Goodwill and Other Intangible Assets”, the Company assesses the impairment of identifiable intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers important, which could trigger an impairment review include the following: 1. Significant underperformance compared to historical or projected future operating results; 2. Significant changes in the manner or use of the acquired assets or the strategy for the overall business; and 3. Significant negative industry or economic trends. When the Company determines that the carrying value of an intangible asset may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent to the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. Intangible assets that have finite useful lives are amortized over their useful lives. Website Development Costs The Company accounts for website development costs in accordance with Accounting Standards Codification (ASC) 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day-to-day operation of the website are expensed as incurred. All costs associated with the websites are subject to straight-line amortization over a three-year period. The website development costs to upgrade and enhance the functionality of RKings’ website were capitalized and amortized on a straight-line basis over their expected useful lives, estimated to be 3 years. Software Development Costs The Company capitalizes internal software development costs subsequent to establishing technological feasibility of a software application in accordance with guidelines established by ASC 985-20-25 “Accounting for the Costs of Software to be Sold, Leased, or Otherwise Marketed,” requiring certain software development costs to be capitalized upon the establishment of technological feasibility. The establishment of technological feasibility and the ongoing assessment of the recoverability of these costs require considerable judgment by management with respect to certain external factors such as anticipated future revenue, estimated economic life, and changes in software and hardware technologies. Amortization of the capitalized software development costs begins when the product is available for general release to customers. Capitalized costs are amortized based on the straight-line method over the remaining estimated economic life of the product, estimated to be 3 years. No software development costs, or related costs were incurred at October 31, 2022 and 2021. Inventories, Prizes RKings purchases prizes to award to winners of prize competitions; these prizes are RKings’ inventory. Operations that include prizes are only through RKings. Inventory is stated at the lower of cost or net realizable value, using the first-in, first out (“FIFO”) method. Costs include expenditures incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow-moving items. Net realizable value comprises actual or estimated selling price (net of discounts) less all costs to complete and costs incurred in marketing and selling. Inventory was $1,147,591 and $0 at October 31, 2022 and October 31, 2021, respectively. Property, Plant and Equipment Plant and machinery, fixtures, fittings, and equipment are recorded at cost, net of accumulated depreciation. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed pursuant to the straight-line method over the useful life of average of four years. The depreciable life of leasehold improvements is limited by the expected lease term. Property, plant and equipment were $72,411 and $0 at October 31, 2022 and October 31, 2021, respectively. RKings Trademarks and Non-compete Agreements In connection with the acquisition of RKingsCompetition, Ltd, the Company recognized the definite-lived intangible assets consisting of $2,000,000 of trademarks and $600,000 of non-compete agreements. The trademark for RKings is amortized over 10 years and the non-compete agreements are amortized over 5 years. 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; and ● 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 or more significant inputs or significant value drivers are unobservable. Our financial instruments mainly include cash, accounts receivable, prepaid expenses, accounts payable and accrued liabilities, customer deposits, consideration payable and advances from shareholder. The carrying values of these financial instruments approximate their fair value due to their short-term nature. Share-Based Compensation The Stock-based compensation expense is recorded as a result of stock options, restricted stock units and restricted stocks granted in return for services rendered. Previously, the share-based payment arrangements with employees were accounted for under Accounting Standards Update (ASU) 718, while nonemployee share-based payments issued for goods and services are accounted for under ASC 505-50. ASC 505-50 differs significantly from ASC 718. On June 20, 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The Company has adopted the new standard and has made some adjustment with regard to the share-based compensation costs in July 2019. Under ASU 2018-07, the measurement of equity-classified nonemployee share-based payments is generally fixed on the grant date, and the options are no longer revalued on each reporting date. The expenses related to the share-based compensation are recognized on each reporting date. The amount is calculated as the difference between total expenses incurred and the total expenses already recognized. 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 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 the twelve-month period ended October 31, 2022, the nine-month transition period ended October 31, 2021, the twelve-month period ended January 31, 2021, and the six-month transition period ended January 31, 2020. Twelve Months Ended Nine Months Ended Year Ended Six Months Ended October 31, 2022 October 31, 2021 January 31, 2021 January 31, 2020 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (250,038 ) $ 648,072 $ 398,080 $ 966,774 Denominator: Weighted average common shares outstanding 28,042,001 23,884,563 19,953,819 18,968,792 Basic earnings (loss) per common share $ (0.01 ) $ 0.03 $ 0.02 $ 0.05 Diluted earnings per common share Numerator: Net income (loss) available to common shareholders $ (250,038 ) $ 648,072 $ 398,080 $ 966,774 Denominator: Weighted average common shares outstanding 28,042,001 23,884,563 19,953,819 18,968,792 Preferred shares - 1,000 1,000 1,000 Warrants/Options - 8,392,661 11,633,736 8,838,440 Convertible Debt - - - 54,511 Adjusted weighted average common shares outstanding 28,042,001 32,278,224 31,588,555 27,862,743 Diluted earnings (loss) per common share $ (0.01 ) $ 0.02 $ 0.01 $ 0.03 For the year ended October 31, 2022, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. Revenues The Company currently has three distinctive revenue streams. In the B2B segment there are two revenue streams: (i) charges for usage of the Company’s software, and (ii) a royalty charged on the use of third-party gaming content. In the B2C segment, the revenue stream is related to the prize competition tickets sold to enter prize competitions in the UK through RKings. B2B segment, revenue descriptions: 1. For the usage of the Company’s software, the Company charges gaming operators for the use of its unique intellectual property (IP) and technology systems. 2. For the royalty charged on the use of third-party gaming content, the Company acquires the third-party gaming content for a fixed cost and resells the content at a margin. B2C segment, revenue descriptions: The Company generates revenues through RKings and GMG Assets from sales of prize competitions tickets directly to customers for prizes throughout the United Kingdom ranging from automobiles to jewelry, as well as travel and entertainment experiences. Pursuant to Financial Accounting Standards Board (“ FASB Step 1: Identify the contract with a customer. Step 2: Identify the separate performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the separate performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. For the usage of the Company’s software, the Company provides services to the counterparty which include licensing the use of its unique IP and technology systems. The counterparty pays consideration in exchange for those services which include a variable amount depending on the Software Usage. The Company only recognizes the revenue at the month end when the usage occurs, and the revenue is based on the actual Software Usage of its customers. For the royalty charged on the use of third-party gaming content, the Company acts as a distributor of the third-party gaming content which is utilized by the client. The counterparty pays consideration in exchange for the gaming content utilized. The Company only recognizes the revenue at the month end when the usage of the gaming content occurs, and the revenue is based on the actual usage of the gaming content. For the prize competitions ticket sales, revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration RKings expects to be entitled to in exchange for those goods or services. Payments for prize competitions received in advance of services being rendered are recorded as deferred revenue and recognized as revenue when control of the prize has been transferred to the winner of prize competitions. Impact of COVID-19 Pandemic on Consolidated Financial Statements. The outbreak of the 2019 novel coronavirus disease (“COVID-19”), was declared a global pandemic by the World Health Organization on March 11, 2020 and the virus has continued to spread through 2022. The related responses by public health and governmental authorities to contain and combat its outbreak and spread of the virus, has adversely impacted global commercial activity, disrupted supply chains and contributed to significant volatility in financial markets. We did not experience a decrease in demand for our products and services as a result of COVID-19, nor did we experience a material adverse effect on our results of operations. However, economic recessions as a result of COVID-19, may have a negative effect on the demand for our products, services and our operating results. The range of possible impacts on the Company’s business from economic recessions caused by coronavirus pandemic could include, but are not limited to: (i) changing demand for the Company’s products and services; (ii) the closure of, or reduction in the number of persons who may be present in, establishments using the Company’s technology (resulting in a decrease in demand for such technology); (iii) decreases in the amount of discretionary spending available to consumers and/or the amount such consumers are willing to spend; and (iv) increasing contraction in the capital markets. Our operations have not been materially negatively impacted by the coronavirus pandemic to date and much of the Company’s work was performed in the commuter environment, as opposed to the office setting. Our employees and consultants returned to our offices in June 2022. Recently Issued Accounting Pronouncements The Company does not believe that any 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 NET

ACCOUNTS RECEIVABLE NET	12 Months Ended
	Oct. 31, 2022
NATURE OF BUSINESS AND BASIS OF PRESENTATION
ACCOUNTS RECEIVABLE, NET	NOTE 3 – ACCOUNTS RECEIVABLES, NET Accounts receivables are carried at their estimated collectible amounts. The balance is composed of trade accounts receivables that are periodically evaluated for collectability based on past credit history with customers and their current financial condition and amount due from Citibank for Automated Clearing House (ACH) transfers that were erroneously processed by Citibank (described below). Amount due from Citibank is the result of Automated Clearing House (ACH) transfers that were erroneously posted to the Company’s bank account. The Company first notified Citibank of ACH transfers that were erroneously posted to the account. Overall, $729,505 of ACH transactions had posted to its accounts that were not authorized. Citibank immediately recognized that it was an error under the Electronic Fund Transfer Act (EFTA) (15 U.S.C. 1693 et seq.) of 1978 and 12 CFR 1005.11 and proceeded to immediately replenish $392,921 of the unauthorized ACH transactions which resulted in a receivable due from Citibank of $336,584 as of October 31, 2021. During the twelve months ended October 31, 2022, an additional $269,086 was replenished by Citibank which resulted in a balance due from Citibank of $67,498. On November 25, 2022, an additional $21,003 was replenished by Citibank. The Company has accounts receivable of $2,641,023 and $1,762,725 as of October 31, 2022 and October 31, 2021, respectively (net of allowance for bad debt of $0 and $168,557, respectively). During the twelve months ended October 31, 2022, a $168,557 allowance for doubtful debts was written off and there was no bad debt expense recorded. The corresponding accounts receivable balance was also written off.

ACCOUNTS RECEIVABLE RELATED PAR

ACCOUNTS RECEIVABLE RELATED PARTY	12 Months Ended
	Oct. 31, 2022
NATURE OF BUSINESS AND BASIS OF PRESENTATION
ACCOUNTS RECEIVABLE - RELATED PARTY	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 accounts receivable from one related party: Articulate Pty Ltd. (“ Articulate

PREPAID EXPENSES

PREPAID EXPENSES	12 Months Ended
	Oct. 31, 2022
PREPAID EXPENSES
PREPAID EXPENSES	NOTE 5 – PREPAID EXPENSES The prepaid expenses mainly include prepayments to suppliers for the gaming content usage, Nasdaq listing fees, rent, insurance, retainer for legal services, prepaid employee wages, and a one-year Gaming License fee. The balances of prepaid expenses are $84,372 and $114,426 as of October 31, 2022 and October 31, 2021, respectively. The components of prepaid expenses are as follows: As of As of October 31, October 31, 2022 2021 Prepayments to suppliers $ 70,156 $ 104,336 Prepayment for the gaming license fee 8,744 10,090 Prepaid payroll expense 5,472 - Total prepaid expenses $ 84,372 $ 114,426

SHORTTERM DEPOSITS

SHORTTERM DEPOSITS	12 Months Ended
	Oct. 31, 2022
SHORTTERM DEPOSITS
SHORT-TERM DEPOSITS	NOTE 6 – SHORT-TERM DEPOSITS Office Lease deposit Short-term deposits represent a deposit required for a new office lease in Australia. On June 1, 2021, the Company (through GTG) entered into a three-year term lease agreement for office space and two parking spaces which commenced on June 1, 2021. The Company has the option to renew for a period of three years. The rent is $117,857 ($167,338 AUD) per year (subject to a 4% annual increase) plus goods and services tax charged at 10% based on Australian Taxation Law. Under the terms of the lease, the Company is required to provide a bank guarantee and has entered into a $52,577 ($81,896 AUD) Term Deposit at St. George Bank (with lessor as beneficiary) as collateral for the bank guarantee (from St. George Bank) to the benefit of the lessor. The Term Deposit was opened on June 1, 2021, had a one-year maturity and earned 0.25% interest per year. On June 1, 2022, the Term Deposit was automatically reinvested at St. George Bank for an additional one-year term, under the same terms as the original Term Deposit of June 1, 2021; the interest rate on renewal is 0.25%. As of October 31, 2022 and October 31, 2021, the operating lease right-of-use asset is $150,653 and $280,183, respectively, and there was also a current operating lease liability of $95,085 and $100,209, respectively and a non-current operating lease liability of $59,778 and $182,024, respectively.

ACQUISITION

ACQUISITION	12 Months Ended
	Oct. 31, 2022
ACQUISITION
ACQUISITION	NOTE 7 – ACQUISITIONS Related Party Asset Acquisitions GTG Acquisition On December 22, 2020, the Company entered into a Share Purchase Agreement with Anthony Brian Goodman, CEO of the Company and also the sole director and owner of GTG, which entity was acquired on January 19, 2021. Under the agreement, Mr. Goodman agreed to sell 100% of the shares in GTG to the Company for total consideration of 85,000 GBP. On January 19, 2021, the Company acquired the shares in GTG and became the ultimate holding company of GTG. On March 22, 2021, the Company paid Mr. Goodman $115,314 (equivalent to 85,000 GBP), for the acquisition of GTG. The assets and liabilities of GTG have been recorded at their historical cost basis at the acquisition date and are included in the Company’s consolidated financial statements. The assets acquired and liabilities assumed in the Share Purchase Agreement are as follows: Calculation of Purchase Price Allocation Amount Purchase price of GBP £85,000 based on the exchange rate on January 19, 2021 $ 115,314 Assets acquired and liabilities assumed Cash $ 192 Prepayments – Gaming License 61,513 Advance from shareholders (100 ) Equity value of GTG $ 61,605 Reduction in Additional Paid in Capital in GMGI 53,709 Consideration payable – related party $ 115,314 GMG Assets Acquisition On October 17, 2022, effective August 1, 2022, the Company entered into a Stock Purchase Agreement (the “GMG Purchase Agreement”), to acquire a 100% ownership interest in GMG Assets Limited (“GMG Assets”), a private limited company formed under the laws of Northern Ireland from Aaron Johnston and Mark Weir, individuals, the owners of 100% of the ordinary issued share capital (100 Ordinary Shares) of GMG Assets. Aaron Johnston is a Board Member of GMGI, Mark Weir is a 10% Shareholder in RKings, of which GMGI owns 80% of, and as such are both related parties to GMGI. Pursuant to the GMG Purchase Agreement, which was approved by the Company’s Board of Directors and the Audit Committee of the Board of Directors, the Company would pay the Sellers 25,000 British pound sterling (GBP)(approximately $30,708) for 100% of GMG Assets, which represented the combined costs paid by the Sellers to form GMG Assets. GMG Assets was formed for the sole purpose of facilitating the Company’s operation of RKings and to facilitate cash alternative offers for winners of prizes within RKings’ business. As of October 31, 2022, the consideration has not been paid. The calculation of the purchase price and the assets acquired and liabilities assumed in the GMG Purchase Agreement are as follows: Calculation of Purchase Price Allocation Amount Purchase price of GBP £25,000 based on Exchange Rate on August 1, 2022 $ 30,708 Assets acquired and liabilities assumed Receivable from shareholders of GMG Assets $ 30,708 Equity value of GMG Assets $ 30,708 Consideration payable – related party $ 30,708 Third Party Business Acquisition RKings Acquisition On November 29, 2021, the Company entered into the Purchase Agreement, to acquire an 80% ownership interest in RKings from Mark Weir and Paul Hardman, individuals (each a “ Seller Sellers RKings is a United Kingdom based online competition company offering business-to-consumer tournaments whereby individuals can purchase entries for online prize drawings. Pursuant to the Purchase Agreement, the Sellers agreed to sell the Company 80% of the outstanding capital stock of RKings (the “ Purchase RKings Stock (1) a cash payment of GBP £3,000,000 (USD $4,099,500); (2) 666,250 restricted shares of the Company’s common stock, valued at $7.60 per share (the “ Closing Shares Initial Share Value (3) within seven days after the receipt of the audit of RKings (as required by Securities and Exchange Commission (“ SEC Post-Closing Shares A total of GBP £1,000,000 (USD $1,366,500)(the “ Holdback Amount Additionally, in the event the (A) the Company determines, on or before the date on which the Company files its Annual Report on Form 10-K with the SEC for the Company’s fiscal year ending October 31, 2022 (the “Filing Date”), that the increase (if any) between (1) RKings’ twelve-month trailing EBITDA for the year ended October 31, 2022, less (2) RKings’ twelve-month trailing EBITDA for the year ended October 31, 2021, is at least GBP £1,250,000 during the twelve-month period ending October 31, 2022; and (B) the Sellers do not default in any of their obligations, covenants or representations under the Purchase Agreement or other transaction documents, then the Company is required to pay the Sellers GBP £4,000,000 (USD $5,330,000) (the “Earn-Out Consideration”), which is payable at the option of the Company in either (a) cash; or (b) shares of Company common stock valued at $8.00 per share of Company common stock (subject to equitable adjustment in accordance with dividends payable in stock on such Company Common Stock, stock splits, stock combinations, and other similar events affecting the Company Common Stock) (such shares of Company Common Stock, if any, the “Earn-Out Shares”). On December 6, 2021, the Company closed the Purchase, which had an effective date of November 1, 2021. The Purchase Agreement also required that the Sellers and the Company enter into a Shareholders Agreement (the “ Shareholders Agreement In accordance with FASB ASC Section 805, “ Business Combinations business Goodwill is measured as a residual and calculated as the excess of the sum of (1) the purchase price to acquire 80% of RKings’ shares, which was $11,092,150, and (2) the fair value of the 20% noncontrolling interest in RKings, which was estimated to be $2,705,000, over the net of the acquisition-date values of the identifiable assets acquired and the liabilities assumed. The Company accounts for business combinations in accordance with FASB ASC 805, “ Business Combinations The assets and liabilities of RKings have been recorded at their fair value at the acquisition date, and are included in the Company’s consolidated financial statements. The calculation of the purchase price and the assets acquired and liabilities assumed in the Purchase Agreement are as follows: Calculation of Purchase Price and Preliminary Estimated Purchase Price Allocation Purchase price buildup Amount Closing cash consideration of GBP £3,000,000 based on Exchange Rate on November 1, 2020 $ 4,099,500 Fair value of contingent cash consideration of GBP £1,000,000 to be paid in six months based on Exchange Rate on November 1, 2020 1,366,500 Fair value of 666,250 restricted shares at $7.60 per share 5,063,500 Fair value of contingent shares consideration 562,650 Purchase price $ 11,092,150 Fair value of non-controlling interest 2,705,000 Equity value $ 13,797,150 Add: Current liabilities 960,753 Total equity and liabilities $ 14,757,903 Allocation to assets Cash and cash equivalents $ 758,047 Inventory, prizes 906,018 Property, Plant & Equipment, net 27,613 Total tangible assets $ 1,691,678 Intangible assets Website development costs, net $ 13,901 Trade Names and Trademarks 2,000,000 Non‐Compete Agreements 600,000 Total intangible assets $ 2,613,901 Goodwill 10,452,324 Total assets allocated $ 14,757,903 RKings’ results of operations have been included in our consolidated financial statements beginning November 1, 2021. RKings contributed revenues of $20,162,329 and net income attributable to GMGI of $1,176,265 for the period from the date of acquisition through October 31, 2022. The following table summarizes the unaudited pro-forma consolidated results of operations for the periods ended October 31, 2022 and 2021, as if the acquisition had occurred on November 1, 2020. Year Ended October 31 2022 2021 Pro-forma total revenues $ 36,034,856 $ 43,796,143 Pro-forma net income (loss) attributable to GMGI $ (250,038 ) $ 2,523,956 The unaudited pro-forma consolidated results above are based on the historical financial statements of the Company and RKings and are not necessarily indicative of the results of operations that would have been achieved if the acquisition was completed at November 1, 2020, and are not indicative of the future operating results of the combined company. The pro-forma consolidated results of operations also include the effects of purchase accounting adjustments, including amortization charges related to the finite-lived intangible assets acquired, assuming that the business combination occurred on November 1, 2020. The values assigned to the assets acquired and liabilities assumed are based on preliminary valuations, for the RKings acquisition, and are subject to change as the Company obtains additional information during the remaining measurement period. RKings Notice of Breach On June 1, 2022, the Company notified the Sellers that Sellers were in default under the Purchase Agreement and demanded that Sellers cease and desist from all activity in violation of the Purchase Agreement, including (1) use of Company confidential data in breach of the non-disclosure requirements of the Purchase Agreement, (2) tortious interference with the Company’s business and customer relationships, and (3) exploitation of Company assets for personal gain. Also, Sellers had breached the Shareholders Agreement as well as their fiduciary duties as stipulated in the Shareholders Agreement dated November 29, 2021. Based on the foregoing, and without limitation as to other breaches by either Seller, the Company notified the Sellers that they were in breach of the Purchase Agreement and demanded that each Seller cease and desist from further actions in breach of the Purchase Agreement or in violation of applicable law. In addition, the Company notified the Sellers of their indemnification obligations under the Purchase Agreement and the Company’s decision to terminate the Sellers’ right to receive the £1,000,000 Holdback Amount and the £4,000,000 Earn-Out Consideration. In addition, the Company has the right to set off any amounts which are the subject of an indemnification claim against such Holdback Amount and Earn-Out Consideration. Therefore, no contingent liability was recorded. RKings Settlement & Release On August 1, 2022, and effective on August 4, 2022, we entered into a Settlement and Mutual Release Agreement (the “ Settlement Agreement Settlement Payment RKings Notice of Buyout On October 27, 2022, the Company exercised its Buyout Right by providing written notice to each of the Sellers. In connection with such exercise, the Company agreed to pay each Seller USD $661,773, which is equal to their pro rata portion of the Buyout Price, which will be satisfied by the issuance by the Company to each Seller of 82,722 shares of restricted common stock of the Company (with such shares being valued at $8.00 per share pursuant to the terms of the Shareholders Agreement)(an aggregate of 165,444 shares of common stock of the Company, the “Buyout Shares”). On November 30, 2022, the Company completed the purchase of 10% of RKings from each Seller (20% in aggregate) in consideration for the Buyout Shares and effective as of November 4, 2022, the Company owns 100% of RKings. Golden Matrix MX Acquisition On July 11, 2022, the Company entered into a Share Purchase Agreement to acquire 99.99% of the stock of Golden Matrix MX, a then newly formed shell company incorporated in Mexico for nominal consideration. Golden Matrix MX had no assets or operations and was formed for the benefit of the Company, for the sole purpose of operating an online casino in Mexico. The acquisition closed on September 7, 2022.

PROPERTY, PLANT and EQUIPMENT

PROPERTY, PLANT and EQUIPMENT	12 Months Ended
	Oct. 31, 2022
ACQUISITION
PROPERTY, PLANT and EQUIPMENT	NOTE 8 – PROPERTY, PLANT and EQUIPMENT Property, plant and equipment, net, consists of the following for the periods indicated: As of October 31, October 31, 2022 2021 Fixtures, fittings and equipment $ 46,582 $ - Computer and server 3,387 - Leasehold improvements 33,750 - Plant and machinery 21,070 - Total property, plant and equipment $ 104,789 $ - Less accumulated depreciation (32,378 ) - Property, plant and equipment, net $ 72,411 $ -

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Oct. 31, 2022
INTANGIBLE ASSETS
INTANGIBLE ASSETS	NOTE 9 – INTANGIBLE ASSETS On March 1, 2021, the Company entered into an Asset Purchase Agreement with Gamefish Global Pty Ltd, a company incorporated in Australia (“ Gamefish Aggregation Platform The website development costs to upgrade and enhance the functionality of RKings’ website were capitalized which amount to $74,191 as of October 31, 2022. Intangible assets related to software and website are amortized on a straight-line basis over their expected useful lives, estimated to be 3 years. In connection with the acquisition of RKingsCompetition, Ltd, the Company recognized the definite-lived intangible assets consisting of $2,000,000 of trademarks and $600,000 of non-compete agreements. The trademark for RKings is amortized over 10 years and the non-compete agreement is amortized over 5 years. In connection with operating online casino in Mexico, the Company applied for a gaming permit in Mexico through its subsidiary Golden Matrix MX in the amount of $223,725. The gaming permit is recognized as an intangible asset and is amortized over 6 years. Amortization expenses related to intangible assets were $384,588 and $38,737 for the twelve months ended October 31, 2022 and 2021, respectively. Accumulated amortization was $422,479 and $38,737 as of October 31, 2022 and October 31, 2021, respectively. The following table details the carrying values of the Company’s intangible assets excluding goodwill: As of October 31, October 31, 2022 2021 Definite-lived intangible assets Aggregation Platform $ 116,000 $ 174,000 Gaming permit in Mexico 223,725 Website Development Cost 89,829 - Trademarks 2,000,000 - Non-compete Agreements 600,000 - Gross definite-lived intangible assets 3,029,554 174,000 Less: accumulated amortization Aggregation Platform (73,047 ) (38,737 ) Gaming permit in Mexico (3,062 ) Website Development Cost (26,370 ) - Trademarks (200,000 ) - Non-compete Agreements (120,000 ) - Total accumulated amortization (422,479 ) (38,737 ) Net definite-lived intangible assets $ 2,607,075 $ 135,263

ACCOUNTS PAYABLE RELATED PARTIE

ACCOUNTS PAYABLE RELATED PARTIES	12 Months Ended
	Oct. 31, 2022
NATURE OF BUSINESS AND BASIS OF PRESENTATION
ACCOUNTS PAYABLE - RELATED PARTIES	NOTE 10 – ACCOUNTS PAYABLE – RELATED PARTIES The accounts payable to related parties include the accrued consulting fees and salaries payable to the Directors and management of the Company and also the accounts payable to Articulate Pty Ltd. (“ Articulate

DEFERRED REVENUES

DEFERRED REVENUES	12 Months Ended
	Oct. 31, 2022
PREPAID EXPENSES
DEFERRED REVENUES	NOTE 11 – DEFERRED REVENUES The payments for prize competitions received in advance of services being rendered are recorded as deferred revenue and recognized as revenue when control of the prize has been transferred to the winners of prize competitions. Deferred revenues were $182,444 and $0 as of October 31, 2022 and October 31, 2021, respectively.

CUSTOMER DEPOSITS

CUSTOMER DEPOSITS	12 Months Ended
	Oct. 31, 2022
CUSTOMER DEPOSITS
CUSTOMER DEPOSITS	NOTE 12 – CUSTOMER DEPOSITS The Company has two sources of customer deposits. One source of deposits is from the Company’s customers participating in the Progressive Jackpot Games. The clients will be required to provide the Company with a minimum deposit amount of $5,000, which will serve as a deposit for the Progressive Contribution Fee. During the tenure of the client’s operation, the deposit will not be used to deduct or offset any invoices, and when the client decides not to operate, the deposit will be fully refunded to the client. As of October 31, 2022 and October 31, 2021, customer deposits amounted to $69,016 and $32,886, respectively. The other source of deposits is the payment from customers in advance of any usages of gaming content. As the gaming content is utilized by the customers, revenues are recognized. As of October 31, 2022 and October 31, 2021, a total of $40,312 and $35,749 of customer deposits are from this source.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Oct. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 13 – 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. Anthony Brian Goodman On October 26, 2020, the Company entered into an Employment Agreement with Mr. Goodman, the Company’s Chief Executive Officer and Chairman. Pursuant to the agreement, Mr. Goodman is to receive an annual salary of $144,000, plus a superannuation (compulsory payments required pursuant to Australian law made into a fund by an employee toward a future pension) of 9.5% of Mr. Goodman’s salary. Beginning July 1, 2022, the superannuation increased to 10.5% of the salary pursuant to Australian law. On September 16, 2022, the Company entered into a First Amended and Restated Employment Agreement with Mr. Goodman. The agreement amended and restated, effective as of September 16, 2022, the prior Employment Agreement entered into between the Company and Mr. Goodman dated October 26, 2020, to among other things, (a) extend the term thereof for four years, to August 20, 2026; (b) increase Mr. Goodman’s base salary to $158,400 per year, plus a Superannuation as mandated by the Australian Government - Superannuation Guarantee (Administration) Act 1992; (c) provide for annual increases in Mr. Goodman’s salary of no less than 10% per annum; (d) revise the non-compete language of the agreement to include prohibitions prohibiting Mr. Goodman from competing against the Company in connection with online raffles, lotteries, tournaments, competitions and sportsbook operations and technology, and provide for the non-compete to apply to both the United States and the United Kingdom; (e) include additional provisions allowing for Mr. Goodman’s right to immediately terminate the agreement for good reason and amend certain provisions allowing for the Company to terminate Mr. Goodman for cause; (f) amend the terms of severance payments due to Mr. Goodman, and include the right for Goodman to be paid certain change of control severance payments; and (g) include the right of the Company to clawback amounts paid to Mr. Goodman to the extent necessary to comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act or any Securities and Exchange Commission rule. As of October 31, 2022 and October 31, 2021, total wages payable to Mr. Goodman were $0 and $0, respectively, and the superannuation payable was $5,229 and $14,205, respectively. On June 29, 2021, the Company extended the expiration date of options to purchase 5,400,000 shares of common stock previously granted to Mr. Goodman, the Company’s Chief Executive Officer, at an exercise price of $0.066 per share, which were to expire on June 30, 2021, until December 31, 2022. On September 18, 2021, Mr. Goodman exercised options to purchase 2,700,000 shares of common stock in a cashless exercise pursuant to which 355,109 shares were surrendered to the Company to pay for the aggregated exercise price of the options ($2,450,250) and 2,344,891 shares were issued. Effective March 10, 2022, Luxor Capital LLC (Luxor), the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “Series B Preferred Stock”), which entity is wholly-owned by the Company’s Chief Executive Officer and Chairman, Anthony Brian Goodman, transferred all 1,000 shares of Series B Preferred Stock which it held to Mr. Goodman for no consideration. On September 16, 2022, the Company granted 750,000 restricted stock units to Mr. Goodman in consideration for services to be rendered by Mr. Goodman through October 2024. The restricted stock units are subject to vesting, to the extent that certain performance metrics are met by the Company. More details of the restricted stock units are covered in “NOTE 14 - EQUITY”. Weiting ‘Cathy’ Feng On October 26, 2020, the Company entered into an Employment Agreement with Weiting ‘Cathy’ Feng, the Company’s Chief Operating Officer and Director. Pursuant to the agreement, Ms. Feng is to receive an annual salary of $120,000, plus a superannuation (compulsory payments required pursuant to Australian law, made into a fund by an employee toward a future pension) of 9.5% of Ms. Feng’s salary. Beginning July 1, 2022, the superannuation increased to 10.5% of the salary pursuant to Australian law. On September 16, 2022, we entered into a First Amended and Restated Employment Agreement with Ms. Feng. The agreement amended and restated, effective as of September 16, 2022, the prior Employment Agreement entered into between the Company and Ms. Feng dated October 26, 2020, to among other things, (a) extend the term thereof for four years, to August 20, 2026; (b) increase Ms. Feng’s base salary to $132,000 per year, plus a Superannuation as mandated by the Australian Government - Superannuation Guarantee (Administration) Act 1992; (c) provide for annual increases in Ms. Feng’s salary of no less than 10% per annum; (d) revise the non-compete language of the agreement to include prohibitions prohibiting Ms. Feng from competing against the Company in connection with online raffles, lotteries, tournaments, competition’s and sportsbook operations and technology and include prohibits against competition in the United States and the United Kingdom; (e) include additional provisions allowing for Ms. Feng’s right to immediately terminate the agreement for good reason and amend certain provisions allowing for the Company to terminate Ms. Feng for cause; (f) amend the terms of severance payments due to Ms. Feng, and include right to change of control severance payment; and (g) include the right of the Company to clawback amounts paid to Ms. Feng to the extent necessary to comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act or any Securities and Exchange Commission rule. As of October 31, 2022 and October 31, 2021, total wage payable to Ms. Feng was $0 and $0, respectively, and the superannuation payable was $4,358 and $11,838, respectively. On June 29, 2021, the Company extended the expiration date of options to purchase 1,400,000 shares of common stock previously granted to Weiting Feng, the Company’s Chief Operating Officer, at an exercise price of $0.06 per share, which were to expire on June 30, 2021, until December 31, 2022. On September 18, 2021, Weiting Feng, exercised options to purchase 700,000 shares of common stock in a cashless exercise pursuant to which 83,696 shares were surrendered to the Company to pay for the aggregated exercise price of the options ($577,500) and 616,304 shares were issued. On September 16, 2022, the Company granted 375,000 restricted stock units to Ms. Feng in consideration for services to be rendered by Ms. Feng through October 2024. The restricted stock units are subject to vesting, to the extent that certain performance metrics are met by the Company. More details of the restricted stock units are covered in “NOTE 14- EQUITY”. Thomas E. McChesney On April 24, 2020, the Board of Directors appointed Mr. Thomas E. McChesney as a member of the Board of Directors of the Company. Mr. McChesney’s appointment was effective on April 27, 2020. The Board of Directors agreed to compensate Mr. McChesney in the amount of $2,000 per month payable in arears and to grant Mr. McChesney options to purchase 100,000 shares of common stock (at $0.795 per share, expiring April 27, 2025) in connection with his appointment. On September 29, 2021, the Board of Directors agreed to increase the compensation of Mr. McChesney to $3,000 per month, commencing November 1, 2021. On January 28, 2022, Mr. McChesney exercised options to purchase 40,000 shares of common stock in a cashless exercise pursuant to which 4,977 shares were surrendered to the Company to pay for the aggregated exercise price of the options ($31,800) and 35,023 shares were issued. On May 25, 2022, the Compensation Committee agreed to increase the monthly retainer payable to non-executive independent Board members from $3,000 to $5,000 per month effective immediately. During the twelve months ended October 31, 2022 and 2021, total consulting fees paid to Mr. McChesney were $46,000 and $24,000, respectively. As of October 31, 2022 and October 31, 2021, the amount payable to Mr. McChesney was $0 and $0, respectively. On September 16, 2022, the Company granted 150,000 restricted stock units to Mr. McChesney in consideration for services to be rendered by Mr. McChesney through October 2024. The restricted stock units are subject to vesting, to the extent that certain performance metrics are met by the Company. More details of the restricted stock units are covered in “NOTE 14- EQUITY”. Murray G. Smith On July 27, 2020, the Board of Directors appointed Mr. Murray G. Smith as a member of the Board of Directors of the Company. Mr. Smith’s appointment was effective on August 1, 2020. The Board of Directors agreed to compensate Mr. Smith in the amount of $2,000 per month payable in arears and to grant Mr. Smith options to purchase 100,000 shares of common stock (at $2.67 per share, expiring August 1, 2025) in connection with his appointment. On September 29, 2021, the Board of Directors agreed to increase the compensation of Mr. Smith to $3,000 per month, commencing November 1, 2021. On May 25, 2022, the Compensation Committee agreed to increase the monthly retainer payable to non-executive independent Board members from $3,000 to $5,000 per month, effective immediately. During the twelve months ended October 31, 2022 and 2021, total consulting fees paid to Mr. Smith were $46,000 and $24,000, respectively. As of October 31, 2022 and October 31, 2021, the amount payable to Mr. Smith was $0 and $0, respectively. On September 16, 2022, the Company granted 150,000 restricted stock units to Mr. Smith in consideration for services to be rendered by Mr. Smith through October 2024. The restricted stock units are subject to vesting, to the extent that certain performance metrics are met by the Company. More details of the restricted stock units are covered in “NOTE 14 - EQUITY”. Aaron Richard Johnston On August 13, 2020, the Board of Directors agreed to appoint Mr. Aaron Richard Johnston as a member of the Board of Directors of the Company subject to his acceptance. On August 23, 2020, the Company received Mr. Johnston’s acceptance letter. The effective date of appointment was August 23, 2020. The Board of Directors agreed to compensate Mr. Johnston in the amount of $2,000 per month payable in arears and to grant Mr. Johnston options to purchase 100,000 shares of common stock (at $2.67 per share, expiring August 1, 2025) in connection with his appointment. On September 29, 2021, the Board of Directors agreed to increase the compensation of Mr. Johnston to $3,000 per month, commencing November 1, 2021. On May 25, 2022, the Compensation Committee agreed to increase the monthly retainer payable to non-executive independent Board members from $3,000 to $5,000 per month, effective immediately. During the twelve months ended October 31, 2022 and 2021, total consulting fees paid to Mr. Johnston were $46,000 and $24,000, respectively. As of October 31, 2022 and October 31, 2021, the amount payable to Mr. Johnston was $0 and $2,000. On September 16, 2022, the Company granted 150,000 restricted stock units to Mr. Smith in consideration for services to be rendered by Mr. Smith through October 2024. The restricted stock units are subject to vesting, to the extent that certain performance metrics are met by the Company. More details of the restricted stock units are covered in “NOTE 14- EQUITY”. Brett Goodman On May 1, 2020, the Company entered into a consultant agreement with Brett Goodman, the son of the Company’s Chief Executive Officer, where Mr. Brett Goodman agreed to provide consulting services assisting the Company with building a Peer-to-Peer gaming system. The consultant will be paid $3,000 per month. On September 16, 2022, and effective on September 1, 2022, the Company entered into an Employment Agreement with The agreement provides for an annual salary of $60,000 per year, plus a 10.5% Superannuation, subject to annual increases in the discretion of the Audit Committee of the Company. Increases of salary are not required to be set forth in an amendment to the Employment Agreement. The Board of Directors (or Compensation Committee of the Board of Directors) may also grant Mr. Goodman bonuses from time to time in its discretion, in cash, stock or equity, including in the form of options, in amounts determined in the sole discretion of the Board of Directors (or Compensation Committee of the Board of Directors). The Board of Director or Compensation Committee may also increase Mr. Goodman’s salary from time to time in their discretion. The agreement contains standard confidentiality and indemnification obligations of the parties and provides for Mr. Goodman to receive three months of severance pay in the event Mr. Goodman’s employment is terminated other than for cause or by Mr. Goodman without cause. Upon such qualifying termination, all options held by Mr. Goodman vest immediately and are exercisable for the later of the original stated expiration date thereof or 24 months after such termination date. In connection with the entry into the employment agreement, the Company granted Mr. Brett Goodman options to purchase 50,000 shares of the Company’s common stock, evidenced by a Notice of Grant of Stock Options and Stock Option Award Agreement (the “ Option Agreement Marla Goodman Marla Goodman is the wife of Anthony Brian Goodman, the Company’s Chief Executive Officer. Marla Goodman owns 50% of Articulate Pty Ltd. (discussed below). Articulate Pty Ltd (a) Back Office Services: On June 30, 2021, a Back Office Services Agreement, between the Company and Articulate Pty Ltd, which is wholly-owned by Anthony Brian Goodman, Chief Executive Officer and Chairman of the Company and his wife Marla Goodman, was cancelled. During the twelve months ended October 31, 2022 and 2021, general and administrative expenses related to the Back Office Services Agreement were $0 and $88,000, respectively. As of October 31, 2022 and October 31, 2021, the amount payable to Articulate for Back Office Services was $0 and $77,019, respectively. (b) License Agreement: On March 1, 2018, the Company entered into a License Agreement with Articulate, in which Articulate received a license from the Company to use the GM2 Asset technology, and agreed to 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 twelve months ended October 31, 2022 and 2021, revenues from Articulate were $862,373 and $2,140,266, respectively. As of October 31, 2022 and October 31, 2021, the amount receivable from Articulate was $413,714 and $1,306,896, respectively. (c) Prepaid deposit paid to Skywind Services IOM Ltd (“Skywind”) by Articulate on behalf of Global Technology Pty Ltd (“GTG”): Articulate had a prepaid deposit in favor of Skywind in the amount of $43,569 (35,928 EUR) as of February 18, 2021. Articulate allowed GTG to utilize the prepaid deposits in order that GTG would be able to operate and utilize certain Progressive Jackpot games of Skywind. On February 18, 2021, the Company recorded an accounts payable of $43,569 to Articulate. On July 29, 2021, the Company paid the equivalent of $42,464 to Articulate to settle the accounts payable based on the exchange rate on the same date. (d) Offset accounts payable with accounts receivable On October 14, 2022, the Company and Articulate reached an agreement, and entered into a memorandum dated as of the same date, to offset accounts payable with accounts receivable in the amount of $77,019. Mr. Omar Jimenez On April 22, 2021, the Company entered into a Consulting Agreement with Omar Jimenez, who was appointed as Chief Financial Officer/Chief Compliance Officer on the same date. The Consulting Agreement provides for Mr. Jimenez to be paid $12,500 per month (which may be increased from time to time with the mutual consent of Mr. Jimenez and the Company and which salary was increased to $25,000 per month on January 26, 2022, effective January 1, 2022), to be granted options to purchase 50,000 shares of common stock (at $9.910 per share, expiring April 23, 2023), granted under the Company’s 2018 Equity Compensation Plan, of which options to purchase 25,000 shares vested on April 22, 2021, and options to purchase 25,000 shares vested on October 22, 2021. Mr. Jimenez may also receive discretionary bonuses from time to time in the discretion of the Board of Directors in cash, stock or options. During the twelve months ended October 31, 2022 and 2021, total consulting fees paid to Mr. Jimenez were $275,000 and $78,750, respectively. As of October 31, 2022 and October 31, 2021, the amount payable to Mr. Jimenez was $0 and $0, respectively.

EQUITY

EQUITY	12 Months Ended
	Oct. 31, 2022
EQUITY
Equity	NOTE 14 – EQUITY Preferred Stock The Company has 20,000,000 shares of $0.00001 par value preferred stock authorized. Effective March 10, 2022, Luxor, the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “Series B Preferred Stock”), which entity is wholly-owned by the Company’s Chief Executive Officer and Chairman, Anthony Brian Goodman, transferred all 1,000 shares of Series B Preferred Stock which it held to Mr. Goodman for no consideration. On March 11, 2022, the Company’s Board of Directors and Mr. Goodman, as the then sole shareholder of the Company’s Series B Preferred Stock (pursuant to a written consent to action without meeting of the sole Series B Preferred Stock shareholder), approved the adoption of, and filing of, an Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designation, Preferences, Limitations and Relative Rights of its Series B Voting Preferred Stock (the “ Amended and Restated Designation The Amended and Restated Designation, which was filed with, and became effective with, the Secretary of State of Nevada on March 11, 2022, amended the Certificate of Designation of the Series B Preferred Stock, previously filed by the Corporation with the Secretary of State of Nevada on August 18, 2015, to, among other things: (a) include the right of the holder of the Series B Preferred Stock to convert each share of the Series B Preferred Stock into 1,000 shares of the Company’s common stock at the holder’s option from time to time after May 20, 2022; (b) provide for the automatic conversion of all outstanding shares of Series B Preferred Stock into common stock of the Company, on a 1,000 for 1 basis, on the date that the aggregate beneficial ownership of the Company’s common stock, calculated without regard to any shares of common stock issuable upon conversion of the Series B Preferred Stock, nor any voting rights associated with such Series B Preferred Stock, of Mr. Goodman, falls below 10% of the Company’s common stock then outstanding, or the first business day thereafter that the Company becomes aware of such; (c) provide that each share of Series B Preferred Stock entitles the holder to 7,500 votes on all matters presented to the Company’s shareholders for a vote of shareholders, whether such vote is taken in person at a meeting or via a written consent (7,500,000 votes in aggregate for all outstanding shares of Series B Preferred Stock); (d) require the consent of the holders of at least a majority of the issued and outstanding shares of Series B Preferred Stock to (i) amend any provision of the Amended and Restated Designation, (ii) increase or decrease (other than by redemption or conversion) the total number of authorized shares of Series B Preferred Stock, (iii) adopt or authorize any new designation of any preferred stock or amend the Articles of Incorporation of the Company in a manner which adversely affects the rights, preferences and privileges of the Series B Preferred Stock, (iv) effect an exchange, or create a right of exchange, cancel, or create a right to cancel, of all or any part of the shares of another class of shares into shares of Series B Preferred Stock, (v) issue any additional shares of Series B Preferred Stock, or (vi) alter or change the rights, preferences or privileges of the shares of Series B Preferred Stock so as to affect adversely the shares of Series B Preferred Stock; (e) provide that the shares of Series B Preferred Stock are not transferrable by Mr. Goodman; and (f) clarify that the Series B Preferred stock is not entitled to any dividend rights, preemptive rights, redemption rights, or liquidation preference. As of October 31, 2022 and October 31, 2021, 1,000 Series B preferred shares of par value $0.00001 were designated and outstanding and 19,999,000 shares of preferred stock remained undesignated. Common Stock Corporate Action regarding Common Stock and Common Stock Transactions (a) Reverse Stock Split On April 27, 2020, we filed a Certificate of Change Pursuant to NRS with the Nevada Secretary of State pursuant to which we affected a reverse stock split of our authorized and issued and outstanding common stock in a ratio of 1-for-150. As a result of such filing, our authorized shares of common stock decreased from 6 billion to 40 million and our issued and outstanding shares of common stock decreased in a ratio of 1-for-150. All fractional shares of common stock remaining after the reverse split were rounded up to the nearest whole share. Pursuant to Section 78.207(1) of the Nevada Revised Statutes (“ NRS (b) Stock Purchase Agreement On August 10, 2020, the Company entered into a Stock Purchase Agreement with Brett Goodman, the son of the Company’s Chief Executive Officer, and Jason Silver (collectively, the “Partnership”). The Company agreed to issue 4,000 shares to the Partnership (2,000 to each of Brett Goodman and Jason Silver) as compensation for their service provided to assist the Company in developing a betting application. As a result, a $14,840 expense was recognized during the fiscal year ended January 31, 2021. The shares were issued on March 24, 2021. (c) August 2020 Private Placement and Subsequent Warrant Exercise From August 14, 2020 to August 20, 2020, the Company offered for purchase to a limited number of accredited and offshore investors up to an aggregate of 900,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock for $3.40 per unit. The warrants have an exercise price of $4.10 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) August 20, 2022, and (b) the 30th day after the Company provides the holder of the warrants notice that the closing sales price of the Company’s common stock has closed at or above $6.80 per share for a period of ten consecutive trading days. The Company sold 527,029 Units in total to 11 investors, raising cash of $1,791,863. The shares included in the Units purchased have been issued. From November 23, 2020, to December 7, 2020 (ten consecutive trading days), the closing sales price of the Company’s common stock closed at or above $6.80 per share, and on December 8, 2020, the Company provided notice to the holders of the Warrants that they had until January 7, 2021 to exercise such Warrants, or such Warrants would expire pursuant to their terms. From December 9, 2020, to January 7, 2021, ten holders of Warrants to purchase an aggregate of 409,029 shares of the Company’s common stock exercised such Warrants and paid an aggregate exercise price of $1,677,019 to the Company. In connection with such exercises the Company issued such Warrant holders an aggregate of 409,029 shares of restricted common stock. The remaining warrants expired unexercised. (d) January 2021 Private Placement and Subsequent Warrant Exercise and Warrant Amendment On January 20, 2021, the Company sold an aggregate of 1,000,000 units to one investor, with each unit consisting of one share of restricted common stock and one warrant to purchase one share of common stock, at a price of $5.00 per unit. The Warrants have an exercise price of $6.00 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) January 14, 2023, and (b) the 30th day after the Company provides the holder of the Warrants notice that the closing sales price of the Company’s common stock has closed at or above $10.00 per share for a period of ten consecutive trading days. The shares included in the Units purchased have been issued. From April 26, 2021, to May 7, 2021 (ten consecutive trading days), the closing sales price of the Company’s common stock closed at or above $10.00 per share. On May 11, 2021, the Company agreed to provide the holder 61 days from the Triggering Date to exercise the warrants, and as a result the holder had until July 11, 2021 to exercise such Warrants. On July 9, 2021, the holder exercised a portion of the warrants to purchase 170,000 shares of the Company’s common stock at $6.00 per share and on July 14, 2021, the holder paid to the Company $1,020,000 (less $18 in bank charges). The Company issued the holder 170,000 shares of common stock in connection with such exercise. On July 14, 2021, and effective on June 6, 2021, the Company and the holder of the remaining 830,000 warrants (the original 1,000,000 shares less the 170,000 warrants exercised on July 9, 2021) entered into an Agreement to Amend and Restate Common Stock Purchase Warrant, whereby, in consideration for the holder exercising warrants to purchase 170,000 shares of common stock (as described above), the parties agreed to enter into an Amended and Restated Common Stock Purchase Warrant, effective as of June 6, 2021, amending, restating and replacing the prior Warrant Agreement, and evidencing the right of the holder to purchase 830,000 shares of common stock of the Company to remove the trigger event (i.e., ten consecutive trading days when the closing sales price of the Company’s common stock closed at or above $10.00 per share) and to fix the expiration date thereof as of November 11, 2022. The other terms of the prior Warrant Agreement were not changed. (e) Business Consultant Agreements On March 1, 2021, the Company entered into two Business Consultant Agreements with Ontario Inc. and ANS Advisory. Pursuant to the agreements, Vladislav Slava Aizenshtat, acting on behalf of Ontario Inc. and Aaron Neill-Stevens, acting on behalf of ANS Advisory will each be issued $3,000 of shares of common stock per month beginning on March 1, 2021, payable in arrears, based on the 7-day average price of the stock leading up to the end of the calendar month and to be issued within 7 days of month end. The Company also agreed to grant Vladislav Slava Aizenshtat, acting on behalf of Ontario Inc., warrants to purchase 120,000 shares of common stock and Aaron Neill-Stevens, acting on behalf of ANS Advisory, warrants to purchase 120,000 shares of common stock. On March 22, 2021, the warrants were granted. The warrants have an exercise price of $5.50 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) March 22, 2023, and (b) the 20th day after the Company provides the holder of the warrants notice that the closing sales price of the Company’s common stock has closed at or above $11.00 per share for a period of ten consecutive trading days. On November 23, 2021, the two previously mentioned Business Consulting Agreements were terminated. During the twelve months ended October 31, 2022, 808 shares of restricted common stock, with a value of $6,000, were issued to two consultants for IT consultation services provided in connection with the maintenance and development of the Company’s GM-Ag system. During the twelve months ended October 31, 2021, 12,491 shares of restricted common stock, with a value of $76,440, were issued for services provided in connection with investor relations services, development of peer-to-peer betting application and maintenance and development of GM-Ag system. (f) Public Offering On October 25, 2021, the Company entered into a Securities Purchase Agreement (the “SPA”) with certain institutional investors (the “Purchasers”) for the sale by the Company in a registered direct offering (the “Offering”) of an aggregate of 496,429 shares of common stock of the Company (the “Shares”), together with warrants to purchase 496,429 shares of common stock (the “Warrants”), at $7.00 per combined Share and Warrant, for aggregate gross proceeds of $3,475,003, before deducting the placement agent fees and related offering expenses. The Offering closed on October 27, 2021. The Company used the net proceeds from the offering for general corporate purposes and working capital. EF Hutton, division of Benchmark Investments, LLC acted as placement agent (the “Placement Agent”) on a “reasonable best efforts” basis, in connection with the Offering. The Company entered into a Placement Agency Agreement, dated as of October 25, 2021, by and between the Company and the Placement Agent (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Placement Agent received an aggregate cash fee of 6% of the gross proceeds in the Offering, a non-accountable expense reimbursement of 1% of the gross proceeds in the Offering, the reimbursement of certain of the Placement Agent’s expenses not to exceed $60,000, and the reimbursement of certain other expenses. (g) Certificate of Amendment On November 23, 2021, Luxor Capital LLC, which entity is beneficially owned and controlled by Anthony Brian Goodman, the President, Chief Executive Officer and Chairman of the Board of Directors of the Company, which beneficially owned an aggregate of 109,121,634,483 total voting shares, representing approximately 99.982% of the Company’s then voting stock as of such date, including (a) 7,470,483 shares of common stock, representing 27.4% of the Company’s outstanding shares of common stock, and (b) 1,000 shares of the Company’s Series B Voting Preferred Voting Stock, representing 100% of the Company’s issued and outstanding Series B Voting Preferred Voting Stock, which Series B Voting Preferred Voting Stock shares each vote four times the number of shares of the Company’s common stock outstanding (27,278,541 shares), executed a written consent in lieu of a special meeting of shareholders, approving the following matter, which had previously been approved by the Board of Directors of the Company on November 22, 2021: the filing of a Certificate of Amendment to the Company’s Articles of Incorporation to increase the Company’s authorized number of shares of Common Stock from forty million (40,000,000) shares to two hundred and fifty million (250,000,000) shares and to restate Article 3, Capital Stock thereof, to reflect such amendment, and clarify the Board of Director’s ability to designate and issue ‘blank check’ preferred stock (the “ Amendment As of October 31, 2022 and October 31, 2021, 250,000,000 and 40,000,000 shares of common stock, par value $0.00001 per share, were authorized, of which 28,182,575 and 27,231,401 shares were issued and outstanding, respectively. (h) Share consideration issued to acquire 80% interest in RKings On November 29, 2021, the Company entered into a Sale and Purchase Agreement of Ordinary Issued Share Capital to purchase 80% of the outstanding capital stock of RKings. Pursuant to the Purchase Agreement, on November 29, 2021, the Company issued 666,250 restricted shares of the Company’s common stock to the sellers, with an agreed value of GBP £4,000,000 (USD $5,330,000), or $8.00 per share and a market value of $5,063,500 or $7.60 per share of Company common stock. On March 7, 2022, the Company issued 70,332 restricted shares of the Company’s common stock to the sellers, equal to 80% of RKings’ net asset value as of October 31, 2021, in the amount of $562,650. Option Extension On June 29, 2021, the Company agreed to extend the exercise period of certain stock options granted to Anthony Brian Goodman, the Company’s Chief Executive Officer, Weiting Feng, the Company’s Chief Operating Officer, and an external consultant of the Company (collectively the “ Optionees 2018 Equity Incentive Plan On January 3, 2018, the Company adopted a stock option plan: the 2018 Equity Incentive Plan. The fair value of stock options was measured using the Black-Scholes option pricing model. The Black-Scholes valuation model takes into consideration the share price of the Company, the exercise price of the option, the amount of time before the option expires, and the volatility of share price. Compensation expense will be charged to operations through the vesting period. The amount of cost will be calculated based on the new accounting standard ASU 2018-07. All option awards described below were granted under the 2018 Equity Incentive Plan. All shares and prices per share have been adjusted for a 1 share-for-150 shares reverse stock split that took effect on June 26, 2020: During the twelve months ended October 31, 2022, options to purchase 100,000 shares of common stock were granted, 66,666 options expired, and none forfeited. During the twelve months ended October 31, 2022, options to purchase 156,666 shares of common stock were exercised in a cashless exercise pursuant to which 9,548 shares were surrendered to pay for the aggregate price of the options ($66,050) and 147,118 shares were issued. During the twelve months ended October 31, 2022, 66,666 shares of common stock were issued upon the cash exercise of the options, pursuant to which the $32,000 aggregate exercise price of the options was paid to the Company. The total compensation cost related to stock options granted was $568,957 and $1,614,905 for the twelve months ended October 31, 2022 and 2021, respectively. The following table represents stock option activity for the twelve months ended October 31, 2022: Options Number Outstanding Weighted Average Exercise Price Options Outstanding as of October 31, 2021 8,616,664 $ 0.45 Options granted 100,000 $ 4.10 Options forfeited - $ - Options expired (66,666 ) $ 0.12 Options exercised (223,332 ) $ 0.44 Options Outstanding as of October 31, 2022 8,426,666 $ 0.50 Options Exercisable as of October 31, 2022 8,109,999 $ 0.34 2022 Equity Incentive Plan On May 5, 2022, the Company’s Board of Directors and majority stockholders approved the adoption of the Company’s 2022 Equity Incentive Plan (the “2022 Plan”). The 2022 Plan provides an opportunity for any employee, officer, director or consultant of the Company, subject to limitations provided by federal or state securities laws, to receive (i) incentive stock options (to eligible employees only); (ii) nonqualified stock options; (iii) restricted stock; (iv) restricted stock units, (v) stock awards; (vi) shares in performance of services; (vii) other stock-based awards; or (viii) any combination of the foregoing. In making such determinations, the Board of Directors may take into account the nature of the services rendered by such person, his or her present and potential contribution to the Company’s success, and such other factors as the board of directors of the Company in its discretion shall deem relevant. The 2022 Plan became effective on June 29, 2022. Grant of Restricted Stock Units to Management and the Independent Directors (Related Parties) Effective on September 16, 2022, the Compensation Committee and the Board of Directors approved the grant, effective on the same date, of an aggregate of 1,575,000 restricted stock units to the officers and directors of the Company listed below (the “ RSU Recipients RSUs Recipient Position with Company Number of RSUs Anthony Brian Goodman President, Chief Executive Officer (Principal Executive Officer), Secretary, Treasurer, and Chairman of the Board of Directors 750,000 Weiting ‘Cathy’ Feng Chief Operating Officer and Director of the Company 375,000 Murray G. Smith Independent Director 150,000 Aaron Richard Johnston Independent Director 150,000 Thomas E. McChesney Independent Director 150,000 1,575,000 The RSUs are subject to vesting, and Performance Metrics Performance Metrics Schedule Revenue Targets EBITDA Targets Performance Period Target Goal RSUs Vested Target Goal RSUs Vested Year ended October 31, 2022 $21,875,000 * $3,250,000 * Year ended October 31, 2023 FY 2022 x 1.1 * FY 2022 x 1.1 * Year ended October 31, 2024 FY 2023 x 1.1 * FY 2023 x 1.1 * * 1/6th of the total RSUs granted to each RSU Recipient above. For purposes of the calculations above, (a) “ EBITDA Revenue FY 2022 FY 2023 Target Definitions Dates of Determination The Company also entered into a Restricted Stock Grant Agreement with each of the RSU Recipients above to evidence such grants of the RSUs. The RSUs were granted pursuant to, and subject in all cases to, the terms of the Company’s 2022 Equity Incentive Plan. Total revenues and EBITDA for the twelve months ended October 31, 2022 were $36,034,856 and $3,526,543, respectively. The performance metrics were met by the Company for the year ended October 31, 2022. Total expenses of $2,089,500 were recognized for the twelve months ended October 31, 2022. There were no expenses related to RSUs for the twelve months ended October 31, 2021. Effective on December 8, 2022, the Board of Directors, with the recommendation of the Compensation Committee of the Board of Directors, granted Phillip Daniel Moyes, 100,000 RSUs, which vest, if at all, at the rate of 1/4 th Grant of Restricted Stock Units to Employees (Non-related Parties) During the twelve months ended October 31, 2022, 6,000 RSUs were granted to employees. The RSUs granted to employees were subject to the employees’ continued performance of services for the Company through each vesting date. The total compensation cost related to the RSUs granted to employees was $764 and $0 for the twelve months ended October 31, 2022, and 2021, respectively.

SEGMENT REPORTING AND GEOGRAPHI

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	12 Months Ended
	Oct. 31, 2022
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	NOTE 15 – SEGMENT REPORTING AND GEOGRAPHIC INFORMATION We operate our business in two operating segments i.e., B2B for charges for usage of the Company’s software, and royalties charged on the use of third-party gaming content, and the B2C segment which is related to the charges to enter prize competitions in the UK. All operating segments have been aggregated due to their inter-dependencies, commonality of long-term economic characteristics, products and services, the production processes, class of customer, and distribution processes. For geographical revenue reporting, revenues are attributed to the geographic location in which the distributors are located. Long-lived assets consist of property, plant and equipment, net, intangible assets, operating lease right-of-use assets, and goodwill, and are attributed to the geographic region in which they are located. The following is a summary of revenues by geographic region, for the indicated periods (as a percentage of total revenues): For the Twelve Months Ended Description October 31, 2022 October 31, 2021 Revenues: Asia Pacific $ 14,848,259 41 % $ 11,285,731 100 % UK 21,186,597 59 % - - Total $ 36,034,856 100 % $ 11,285,731 100 % The following is a summary of revenues by products for the indicated periods (as a percentage of total revenues): For the Twelve Months Ended Description October 31, 2022 October 31, 2021 Revenues: B2B $ 14,848,259 41 % $ 11,285,731 100 % B2C 21,186,597 59 % - - Total $ 36,034,856 100 % $ 11,285,731 100 % The following is a summary of cost of goods sold (COGS) by geographic region, for the indicated periods (as a percentage of total cost of goods sold): For the Twelve Months Ended Description October 31, 2022 October 31, 2021 COGS: Asia Pacific $ 10,915,671 41 % $ 7,006,022 100 % UK 15,956,558 59 % - - Total $ 26,872,229 100 % $ 7,006,022 100 % The following is a summary of cost of goods sold by products for the indicated periods (as a percentage of total cost of goods sold): For the Twelve Months Ended Description October 31, 2022 October 31, 2021 COGS: B2B $ 10,915,671 41 % $ 7,006,022 100 % B2C 15,956,558 59 % - - Total $ 26,872,229 100 % $ 7,006,022 100 % Long-lived assets by geographic region as of the dates indicated below were as follows: As of As of Description October 31, 2022 October 31, 2021 Long-lived assets: Asia Pacific $ 222,690 $ 415,446 UK 12,837,095 - Latin America 222,678 Total $ 13,282,463 $ 415,446

INCOME TAXES

INCOME TAXES	12 Months Ended
	Oct. 31, 2022
INCOME TAXES
Income Taxes	NOTE 16 – INCOME TAXES United States (U.S.) The U.S. corporate income tax rate was reduced to 21% as a result of the Tax Cuts and Jobs Act (TCJA). A reconciliation of income tax expense to the amount computed at the statutory rates is as follows: October 31, October 31, January 31, January 31, 2022 2021 2021 2020 Operating profit for the periods ended $ (44,028 ) $ (648,072 ) $ (398,080 ) $ (966,774 ) Average statutory tax rate 21 % 21 % 21 % 21 % Deferred tax liability attributable to net operating loss carry-forwards $ (9,246 ) $ (136,095 ) $ (83,597 ) $ (203,023 ) Significant components of the Company’s deferred tax assets and liabilities as of October 31, 2022, October 31, 2021, January 31, 2021 and 2020, after applying enacted corporate income tax rates, are as follows: October 31, October 31, January 31, January 31, 2022 2021 2020 2019 Deferred tax liability attributable to net operating loss carry-forwards (9,246 ) (136,095 ) (83,597 ) (203,023 ) Less: valuation allowance (1,205,548 ) (1,341,643 ) (1,425,240 ) (1,628,262 ) Tax benefit 1,196,302 1,205,548 1,341,643 1,425,240 Valuation allowance (1,196,302 ) (1,205,548 ) (1,341,643 ) (1,425,240 ) Net deferred income tax assets - - - - United Kingdom (UK) For the twelve months ended October 31, 2022, the Company had income tax expense in the amount of $419,049 attributable to its operations of RKings in the United Kingdom. The Company, through RKings, conducts a significant amount of its businesses in the United Kingdom and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the local tax authority. Although the operations in its segments outside of the United Kingdom generate net income, the Company has sufficient tax net operating losses to offset the current net income which results in $0 tax liability for the non-United Kingdom operations. The Company, through RKings, is subject to a statutory tax rate of approximately 19% of net income generated in the United Kingdom. As a result of the acquisition of RKings, the Company assumed the income tax liability of RKings as of November 1, 2021 of $602,628. Balance November 1, 2021 $ 602,628 Income Tax November 1, 2021 through October 31, 2022 419,049 Tax paid (549,697 ) Currency Adjustment (147,833 ) Income Tax Liability $ 324,147 As of October 31, 2022, the Company had UK income tax payable of $324,147 attributable to the operations of RKings for the twelve-month period ending October 31, 2022. As of October 31, 2021, there was no income tax payable. Overall, the Company has U.S. net operating losses carried forward to October 31, 2023 of approximately $1,582,000 for tax purposes which may be recognized through July 31, 2038.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Oct. 31, 2022
INCOME TAXES
COMMITMENTS AND CONTINGENCIES	NOTE 17 - COMMITMENTS AND CONTINGENCIES Legal Matters The Company may be involved, from time to time, in litigation or other legal claims and proceedings involving matters associated with or incidental to our business, including, among other things, matters involving breach of contract claims, and other related claims and vendor matters; however, none of the aforementioned matters are currently pending. The Company believes that we are not exposed to matters that will individually or in the aggregate have a material adverse effect on our financial condition or results of operations. Notwithstanding the above, the outcome of litigation is inherently uncertain. If one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s financial condition and operating results for that reporting period could be materially adversely affected. The Company is in dispute with Mr. Paul Hardman (one of the sellers of the 80% interest in RKings) with regards to the Holdback Amount of $573,000 that he has alleged is still owed to him. That amount is accrued and included in the Company’s liabilities as of October 31, 2022. The Company’s dispute and claims against Mr. Hardman stem from breaches of the terms of the Purchase Agreement by Mr. Hardman. The Company is vigorously pursuing the claim of breach of the Purchase Agreement against Mr. Hardman; however, at this point, no formal legal action has been initiated by either party to date. Operating Lease Commitments : In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Under such guidance, lessees are required to recognize all leases (with the exception of short-term leases) on the balance sheet as a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The new standard was effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with early application permitted. The new standard was adopted using a modified retrospective approach. On June 1, 2021, the Company (through GTG) entered into a three-year term lease agreement for office space and two parking spaces which commenced on June 1, 2021. The Company has the option to renew the lease for a period of three years. The rent is $117,857 ($167,338 AUD) per year (subject to a 4% annual increase). The Company does not have any finance leases. The operating lease cost for the twelve months ended October 31, 2022 was $109,527. As of October 31, 2022, the Company recognized $150,653 of operating lease right-of-use asset and $95,085 of current operating lease liability and $59,778 of non-current operating lease liability. The discount rate related to the Company’s lease liabilities as of October 31, 2022 was 6.25%. The discount rates are generally based on estimates of the Company’s incremental borrowing rate, as the discount rates implicit in the Company’s leases cannot be readily determined.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Oct. 31, 2022
SUBSEQUENT EVENTS
Subsequent Events	NOTE 18 - SUBSEQUENT EVENTS Consulting Agreement with Mr. Aaron Richard Johnston On October 27, 2022, the Company entered into a Consulting Agreement with Mr. Aaron Richard Johnston, a member of the Board of Directors of the Company, who resigned effective November 1, 2022. Pursuant to the Consulting Agreement, Mr. Johnston agreed to provide a minimum of 30 hours of service to the Company per week in connection with (a) assistance and guidance as requested from time to time by the Company’s Chief Executive Officer, senior management and the Board of Directors; (b) help with identifying, evaluating, and recommending merger and acquisition candidates to the Company; (c) assistance to the Company in corporate expansion objectives; (d) assistance with mergers and acquisitions, to develop and execute the evaluation, financial, and operational strategy for mergers, acquisitions, and divestiture projects; (e) advising and evaluating potential transactions (M&A), helping provide financial projections, risk assessment, and financial implications; and (f) visiting RKingsCompetitions Ltd in Ireland on a regular basis and assisting the Company with day-to-day management of RKingsCompetitions Ltd, as well as assisting with any other operating businesses the Company may have in the UK and Europe. During the term of the agreement, for all services rendered by Mr. Johnston under the agreement, the Company agreed to pay Mr. Johnston: $12,000 per month, which may be increased from time to time with the consent of the Company and Mr. Johnston; a cash sign up bonus of $36,000; an equity sign up bonus of 100,000 shares of Restricted Common Stock of the Company (the “Stock Compensation”) which vests to Mr. Johnston at the rate of 50,000 of such shares on November 1, 2022 and 50,000 of such shares on February 1, 2023; the right to earn up to 50,000 Restricted Stock Units (“Board RSUs”) which were previously granted to Mr. Johnston on September 16, 2022 in consideration for services as a member of the Board of Directors of the Company; 300,000 new Restricted Stock Units (RSU’s), with the same incentive targets as the Board RSUs, with 150,000 RSUs vesting each of the years ended October 31, 2023 and 2024; and 300,000 RSUs which shall vest to Mr. Johnston, upon the closing of a transaction that, on a pro forma basis, doubles the Company’s revenues for the fiscal quarter prior to the closing of the acquisition provided the transaction closes prior to November 1, 2023. Each RSU shall evidence the right to receive, upon vesting thereof, one share of common stock. Mr. Johnston is also eligible under the Consulting Agreement for discretionary bonuses in cash or equity, from time to time, at the discretion of the Board of Directors. The Consulting Agreement contains customary indemnification and confidentiality obligations, and a one-year non-competition prohibition restricting Mr. Johnston’s ability to compete against the Company following the termination of the agreement. Resignation of Director On October 27, 2022, Mr. Aaron Richard Johnston notified the Board of Directors of the Company, of his resignation as a member of the Board of Directors of the Company, effective upon the earlier of (1) November 1, 2022; and (2) the date his replacement is appointed as a member of the Board of Directors. Mr. Johnston’s resignation is not a result of any disagreement with the Company, relating to the Company’s operations, policies, or practices, or otherwise. Mr. Aaron Richard Johnston resigned effective November 1, 2022. RKings Buyout On November 30, 2022, RKings filed a confirmation statement with UK’s Companies House pursuant to which the 20% minority shares of RKings were transferred to the Company effective on November 4, 2022. Appointment of New Director Effective on December 3, 2022, the Board of Directors of the Company with the recommendation of the Nominating and Governance Committee of the Board of Directors, appointed Philip Daniel Moyes as a member of the Board of Directors and as a member of the Audit Committee of the Board of Directors, with such appointment to take effect immediately. Software License Agreement between Elray Resources Inc. and Golden Matrix Group, Inc Effective on December 7, 2022, the Company entered into a Software License Agreement (the “License Agreement”) with Elray Resources Inc. (“Elray”). Mr. Anthony Brian Goodman, Chief Executive Officer, President, Secretary, Treasurer and Chairman of the Company and Weiting ‘Cathy’ Feng, Chief Operating Officer and director of the Company, currently serve as Chief Executive Officer, President, Chief Financial Officer, Secretary and Director (Goodman) and Treasurer and Director (Feng) of Elray. Elray operates, manages, and maintains a blockchain online gaming operation and provides blockchain currency technology to licensed casino operators. Pursuant to the License Agreement, which was effective as of December 1, 2022, the Company granted Elray a non-exclusive, non-licensable, non-sublicensable, non-assignable and non-transferable license for the use and further distribution of certain of the Company’s online games (as such games may be expanded from time to time), subject to certain exceptions, and in certain approved territories where the Company or Elray holds required licenses and/or certifications, which list of approved territories may be updated from time to time. The license provides Elray the right to use the online games solely for the purpose of running an online blockchain casino enterprise. The License Agreement also includes a right of first refusal for the Company to provide certain branded gaming content to Elray during the term of the agreement. Pursuant to the License Agreement we are required to maintain all permits for the use of the licensed games and operate the platform on which the games will be integrated. The License Agreement has an initial term of 24 months, commencing from the Go-Live Date, and continues thereafter indefinitely unless or until either party has provided the other at least six months written notice of termination, provided that the agreement can be terminated earlier by a non-breaching party upon the material breach of the agreement by the other party, subject to a 15 day cure right; by one party if the other party enters into bankruptcy proceedings; or in the event Elray loses rights to any required permits or licenses. Additionally, we may immediately terminate the License Agreement if Elray is unable to comply with certain due diligence requirements set forth in the agreement on a timely basis; if there is threatened or instigated enforcement proceedings or actions against the Company in connection with the agreement or a governmental or governing body orders, notifies or recommends that the Company prevent Elray from using the licensed games; or if the continuation of the agreement will have a detrimental impact on the Company. The License Agreement contains customary representations, warranties and covenants of the parties, including confidentiality obligations; customary limitations of liability (which total liability under the agreement of each party is limited to 100,000 Euros); and restrictions on Elray’s ability to distribute and reverse engineer the licensed games. As part of the License Agreement, we and Elray entered into a customary Service Level Agreement to govern the management and maintenance of the licensed games. In consideration for licensing the online games to Elray, Elray agreed to pay the Company a monthly license fee equal to 125% of the Company’s costs of such games. Elray also agreed to pay the Company a 10,000 Euro deposit under the agreement, paid no later than the date of integration of the licensed software. The deposit is refundable upon the termination of the agreement. For participation in the progressive jackpot games, Elray is required to make an advance payment of 5,000 Euros. The Company’s entry into the License Agreement was approved by the Board of Directors of the Company, with Mr. Goodman and Ms. Feng abstaining from such vote, and the Company’s Audit Committee, which is made up of independent directors, which committee is tasked with approving related party transactions of the Company. Issuances of securities subsequent to the twelve months ended October 31, 2022 On November 1, 2022, 100,000 shares of Restricted Common Stock of the Company (the “Stock Compensation”) were issued to Mr. Aaron Richard Johnston, as a bonus award pursuant to his Consulting Agreement with the Company. Mr. Johnston was a member of the Board of Directors of the Company, who resigned effective November 1, 2022. The Stock Compensation vests to Mr. Johnston at the rate of 50,000 of such shares on November 1, 2022 and 50,000 of such shares on February 1, 2023, subject to Mr. Johnston’s continued service to the Company on such dates, subject in all cases to the 2022 Equity Incentive Plan, and the Notice of Restricted Stock Grant and Restricted Stock Grant Agreement entered into by the Company to evidence such award. On November 4, 2022, the Company issued 165,444 shares of restricted common stock with an agreed value of $1,323,552, or $8.00 per share, to the minority shareholders of RKings, representing the non-controlling interest of 20% of RKings, as consideration for the purchase of their 20% capital stock of RKings, pursuant to the terms of the Shareholders Agreement. On November 21, 2022, two consultants exercised options to purchase 533,332 shares of common stock in a cashless exercise pursuant to which 24,491 shares were surrendered to the Company to pay for the aggregate exercise price of the options ($60,000) and 508,841 shares were issued. These shares were issued pursuant to the terms of the 2018 Equity Incentive Plan. On December 1, 2022, Weiting Feng, the Company’s Chief Operating Officer and Director, exercised options to purchase 1,400,000 shares of common stock in a cashless exercise pursuant to which 35,594 shares were surrendered to the Company to pay for the aggregate exercise price of the options ($84,000) and 1,364,406 shares were issued. These shares were issued pursuant to the terms of the 2018 Equity Incentive Plan. On December 1, 2022, Anthony Goodman, the Company’s Chief Executive Officer and Chairman, exercised options to purchase 5,400,000 shares of common stock in a cashless exercise pursuant to which 151,017 shares were surrendered to the Company to pay for the aggregate exercise price of the options ($356,400) and 5,248,983 shares were issued. These shares were issued pursuant to the terms of the 2018 Equity Incentive Plan. On December 8, 2022, 4,277 shares of restricted common stock were issued to a consultant in consideration for investor relation and press release services rendered to the Company over the past years. Meridian Purchase Agreement On January 11, 2023, the Company entered into a Sale and Purchase Agreement of Share Capital (the “ Meridian Purchase Agreement Milosevic Meridian Sellers Meridian Serbia Meridianbet Meridian Companies Pursuant to the Meridian Purchase Agreement, the Meridian Sellers agreed to sell us 100% of the outstanding capital stock of each of the Meridian Companies in consideration for (a) a cash payment of $50 million, due at the initial closing of the acquisition; (b) 56,999,000 restricted shares of the Company’s common stock (the “ Phase 1 Closing Shares Series C Voting Preferred Stock Post-Closing Consideration Promissory Note Phase 2 Shares Purchase Shares The Purchase is contemplated to close in two phases, with phase 1 being the purchase of 100% of each of the Meridian Companies other than Meridian Serbia, together with 90% of Meridian Serbia (“ Phase 1 Closing Phase 2 Closing The closing of the Purchase is subject to certain closing conditions (some of which apply only for the Phase 1 Closing and some of which apply for both the Phase 1 Closing and Phase 2 Closing). The Meridian Purchase Agreement can be terminated (a) by the written agreement of the parties; (b) by the Company or the Meridian Sellers if the Company has not obtained a loan commitment or other long-form term sheet from a third-party lender approved by Meridian Sellers (in their reasonable discretion) to provide at least $50 million of financing required for the Company to complete the Purchase (the “ Required Financing Required Closing Date The Meridian Purchase Agreement may also be terminated by the Meridian Sellers or the Company at any time prior to the Phase 1 Closing Date if: (i) there shall be any actual action or proceeding which value is more than 1% of the Purchase Price, before any court or any governmental entity which shall seek to restrain, prohibit, or invalidate the transactions contemplated by the Meridian Purchase Agreement and which, in the judgment of the Meridian Sellers or the Company, made in good faith and based upon the advice of its legal counsel, makes it inadvisable to proceed with the Purchase; or (ii) any of the transactions contemplated by the Meridian Purchase Agreement are disapproved by any regulatory authority whose governmental approval is required to consummate such transactions (which does not include the Securities and Exchange Commission (SEC)) or in the judgment of the Meridian Sellers or the Company, made in good faith and based on the advice of counsel, there is substantial likelihood that any such governmental approval will not be obtained by the Required Closing Date) or will be obtained only on a condition or conditions which would be unduly and materially burdensome, making it inadvisable to proceed with the Purchase. In the event of termination of the Meridian Purchase Agreement, no obligation, right or liability shall arise, and each party shall bear all of the expenses incurred by it in connection with the negotiation, drafting, and execution of the Meridian Purchase Agreement and the transactions contemplated thereby, except in connection with the Break-Fee (discussed below). Additionally, we have agreed to issue $3 million in restricted stock units to employees of the Meridian Companies (and their subsidiaries) within 30 days following the Phase 1 Closing in order to incentive such employees to continue to provide services to such entities following the Phase 1 Closing (the “ Post-Closing Equity Awards Pursuant to the Meridian Purchase Agreement we agreed to file a proxy statement with the SEC (the “ Proxy Statement Amended and Restated Articles Charter Amendments Shareholder Approval The Meridian Purchase Agreement includes a 60 day due diligence period during which the Company has the right, at the Company’s election, in its reasonable discretion, to terminate the Meridian Purchase Agreement if the Company determines in good faith, that such due diligence has revealed information which would constitute a material adverse effect on the Meridian Companies, or results in any of the representations or warranties of the Meridian Sellers set forth in the Meridian Purchase Agreement not being materially correct and true and the Meridian Sellers have the same right (the “ Due Diligence Termination Right To the extent that any term sheet, letter of intent or other agreement or understanding relating to the Required Financing includes any break-fee, termination fee, or other expenses payable by the Company upon termination thereof, to the proposed lender, financier, investment bank or agent (each a “ Break-Fee Promissory Note The $10 million Promissory Note will accrue interest at 7% per annum (18% upon the occurrence of an event of default), with monthly interest payments of accrued interest due on the first day of each calendar month until its maturity date; and have a maturity date nine months after the Phase 1 Closing. The Promissory Note will include customary events of default and require us to indemnify the holders thereof against certain claims. Series C Voting Preferred Stock The Series C Voting Preferred Stock is expected to have the following rights to be set forth in a designation of the Series C Voting Preferred Stock filed with the Secretary of State of Nevada prior to the Phase 1 Closing (the “ Series C Designation Voting Rights Additionally, for so long as the Company’s Board of Directors has at least five members and for so long as the Series C Preferred Stock is outstanding, the Series C Voting Preferred Stock, voting separately, will have the right to appoint two members to the Company’s Board of Directors. If the Company’s Board of Directors shall have less than five members, the Series C Voting Preferred Stock, voting separately, will have the right to appoint one member to the Board of Directors. The holders of the Series C Voting Preferred Stock will also have the sole right to remove such persons solely appointed by the Series C Voting Preferred Stock and to fill vacancies in such appointees. The Series C Preferred Stock will also require the consent of the holders of at least a majority of the issued and outstanding shares of Series C Preferred Stock to (i) amend any provision of the designation of the Series C Preferred Stock, (ii) increase or decrease (other than by redemption or conversion) the total number of authorized shares of any preferred stock of the Company, (iii) adopt or authorize any new designation of any preferred stock, (iv) amend the Articles of Incorporation of the Company in a manner which adversely affects the rights, preferences and privileges of the Series C Preferred Stock, (v) effect an exchange, or create a right of exchange, cancel, or create a right to cancel, of all or any part of the shares of another class of shares into shares of Series C Preferred Stock, (vi) issue any additional shares of preferred stock, or (vii) alter or change the rights, preferences or privileges of the shares of Series C Preferred Stock so as to affect adversely the shares of Series C Preferred Stock. Conversion Rights Transfer Rights

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Oct. 31, 2022
SUMMARY OF ACCOUNTING POLICIES (Policies)
Principles of Consolidation	The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Global Technology Group Pty Ltd. (after January 19, 2021), its 80% ownership interest in RKingsCompetition Ltd (after November 1, 2021), its wholly owned subsidiary of GMG Asset (after August 1, 2022) and its majority owned subsidiary of Golden Matrix MX (after July 11, 2022). All intercompany transactions and balances have been eliminated. The following table represents all subsidiaries of the Company and their respective controlling percentage as of October 31, 2022. Name Place of Organization Ownership Global Technology Group Pty Ltd Sydney, New South Wales, Australia 100% Owned RKingsCompetitions Ltd Northern Ireland 80% Owned Golden Matrix MX, S.A. DE C.V. Mexico 99.99% Owned GMG Assets Limited Northern Ireland 100% Owned
Common Control Asset Acquisition	A common-control transaction is a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. On January 19, 2021, the Company acquired 100% ownership of Global Technology Group Pty Ltd (GTG), an Australian Company, wholly-owned by Mr. Goodman. Mr. Goodman is also a controlling party of the Company via his stock holding in Luxor Capital, LLC, which had a controlling vote of greater than 50% at that time. As such the acquisition of GTG was a common control acquisition. The accounting and reporting for a transaction between entities under common control is addressed in the “ Transactions Between Entities Under Common Control
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. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation and collectability of accounts receivable. Actual results could differ from those estimates.
Foreign Currency Translation and Transactions	The functional currency of our foreign operations is generally the local currency. For these foreign entities, we translate their financial statements into U.S. dollars using average exchange rates for the period for income statement amounts and using end-of-period exchange rates for assets and liabilities. We record these translation adjustments in Accumulated other comprehensive income (loss), a separate component of Equity, in our consolidated balance sheets. We record exchange gains and losses resulting from the conversion of transaction currency to functional currency as a component of other income (expense), net.
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 October 31, 2022 and 2021, the allowance for doubtful accounts was $0 and $168,557, respectively. During the twelve-month period ending October 31, 2022, there was no bad debt expense recorded.
Cash and Cash Equivalent	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Intangible Assets	Intangible assets are capitalized when a future benefit is determined. Intangible assets are amortized over the anticipated useful life of the intangible asset.
Impairment of Intangible Assets	In accordance with ASC 350-30-65 “Goodwill and Other Intangible Assets”, the Company assesses the impairment of identifiable intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers important, which could trigger an impairment review include the following: 1. Significant underperformance compared to historical or projected future operating results; 2. Significant changes in the manner or use of the acquired assets or the strategy for the overall business; and 3. Significant negative industry or economic trends. When the Company determines that the carrying value of an intangible asset may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent to the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. Intangible assets that have finite useful lives are amortized over their useful lives.
Website Development Costs	The Company accounts for website development costs in accordance with Accounting Standards Codification (ASC) 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day-to-day operation of the website are expensed as incurred. All costs associated with the websites are subject to straight-line amortization over a three-year period. The website development costs to upgrade and enhance the functionality of RKings’ website were capitalized and amortized on a straight-line basis over their expected useful lives, estimated to be 3 years.
Software Development Costs	The Company capitalizes internal software development costs subsequent to establishing technological feasibility of a software application in accordance with guidelines established by ASC 985-20-25 “Accounting for the Costs of Software to be Sold, Leased, or Otherwise Marketed,” requiring certain software development costs to be capitalized upon the establishment of technological feasibility. The establishment of technological feasibility and the ongoing assessment of the recoverability of these costs require considerable judgment by management with respect to certain external factors such as anticipated future revenue, estimated economic life, and changes in software and hardware technologies. Amortization of the capitalized software development costs begins when the product is available for general release to customers. Capitalized costs are amortized based on the straight-line method over the remaining estimated economic life of the product, estimated to be 3 years. No software development costs, or related costs were incurred at October 31, 2022 and 2021.
Inventories, Prizes	RKings purchases prizes to award to winners of prize competitions; these prizes are RKings’ inventory. Operations that include prizes are only through RKings. Inventory is stated at the lower of cost or net realizable value, using the first-in, first out (“FIFO”) method. Costs include expenditures incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow-moving items. Net realizable value comprises actual or estimated selling price (net of discounts) less all costs to complete and costs incurred in marketing and selling. Inventory was $1,147,591 and $0 at October 31, 2022 and October 31, 2021, respectively.
Property, Plant and Equipment	Plant and machinery, fixtures, fittings, and equipment are recorded at cost, net of accumulated depreciation. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed pursuant to the straight-line method over the useful life of average of four years. The depreciable life of leasehold improvements is limited by the expected lease term. Property, plant and equipment were $72,411 and $0 at October 31, 2022 and October 31, 2021, respectively.
RKings Trademarks and Non-compete Agreements	In connection with the acquisition of RKingsCompetition, Ltd, the Company recognized the definite-lived intangible assets consisting of $2,000,000 of trademarks and $600,000 of non-compete agreements. The trademark for RKings is amortized over 10 years and the non-compete agreements are amortized over 5 years.
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; and ● 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 or more significant inputs or significant value drivers are unobservable. Our financial instruments mainly include cash, accounts receivable, prepaid expenses, accounts payable and accrued liabilities, customer deposits, consideration payable and advances from shareholder. The carrying values of these financial instruments approximate their fair value due to their short-term nature.
Stock-Based Compensation	The Stock-based compensation expense is recorded as a result of stock options, restricted stock units and restricted stocks granted in return for services rendered. Previously, the share-based payment arrangements with employees were accounted for under Accounting Standards Update (ASU) 718, while nonemployee share-based payments issued for goods and services are accounted for under ASC 505-50. ASC 505-50 differs significantly from ASC 718. On June 20, 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The Company has adopted the new standard and has made some adjustment with regard to the share-based compensation costs in July 2019. Under ASU 2018-07, the measurement of equity-classified nonemployee share-based payments is generally fixed on the grant date, and the options are no longer revalued on each reporting date. The expenses related to the share-based compensation are recognized on each reporting date. The amount is calculated as the difference between total expenses incurred and the total expenses already recognized.
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
Earnings 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 the twelve-month period ended October 31, 2022, the nine-month transition period ended October 31, 2021, the twelve-month period ended January 31, 2021, and the six-month transition period ended January 31, 2020. Twelve Months Ended Nine Months Ended Year Ended Six Months Ended October 31, 2022 October 31, 2021 January 31, 2021 January 31, 2020 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (250,038 ) $ 648,072 $ 398,080 $ 966,774 Denominator: Weighted average common shares outstanding 28,042,001 23,884,563 19,953,819 18,968,792 Basic earnings (loss) per common share $ (0.01 ) $ 0.03 $ 0.02 $ 0.05 Diluted earnings per common share Numerator: Net income (loss) available to common shareholders $ (250,038 ) $ 648,072 $ 398,080 $ 966,774 Denominator: Weighted average common shares outstanding 28,042,001 23,884,563 19,953,819 18,968,792 Preferred shares - 1,000 1,000 1,000 Warrants/Options - 8,392,661 11,633,736 8,838,440 Convertible Debt - - - 54,511 Adjusted weighted average common shares outstanding 28,042,001 32,278,224 31,588,555 27,862,743 Diluted earnings (loss) per common share $ (0.01 ) $ 0.02 $ 0.01 $ 0.03 For the year ended October 31, 2022, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.
Revenue	The Company currently has three distinctive revenue streams. In the B2B segment there are two revenue streams: (i) charges for usage of the Company’s software, and (ii) a royalty charged on the use of third-party gaming content. In the B2C segment, the revenue stream is related to the prize competition tickets sold to enter prize competitions in the UK through RKings. B2B segment, revenue descriptions: 1. For the usage of the Company’s software, the Company charges gaming operators for the use of its unique intellectual property (IP) and technology systems. 2. For the royalty charged on the use of third-party gaming content, the Company acquires the third-party gaming content for a fixed cost and resells the content at a margin. B2C segment, revenue descriptions: The Company generates revenues through RKings and GMG Assets from sales of prize competitions tickets directly to customers for prizes throughout the United Kingdom ranging from automobiles to jewelry, as well as travel and entertainment experiences. Pursuant to Financial Accounting Standards Board (“ FASB Step 1: Identify the contract with a customer. Step 2: Identify the separate performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the separate performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. For the usage of the Company’s software, the Company provides services to the counterparty which include licensing the use of its unique IP and technology systems. The counterparty pays consideration in exchange for those services which include a variable amount depending on the Software Usage. The Company only recognizes the revenue at the month end when the usage occurs, and the revenue is based on the actual Software Usage of its customers. For the royalty charged on the use of third-party gaming content, the Company acts as a distributor of the third-party gaming content which is utilized by the client. The counterparty pays consideration in exchange for the gaming content utilized. The Company only recognizes the revenue at the month end when the usage of the gaming content occurs, and the revenue is based on the actual usage of the gaming content. For the prize competitions ticket sales, revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration RKings expects to be entitled to in exchange for those goods or services. Payments for prize competitions received in advance of services being rendered are recorded as deferred revenue and recognized as revenue when control of the prize has been transferred to the winner of prize competitions.
Impact of COVID-19 Pandemic on Consolidated Financial Statements.	The outbreak of the 2019 novel coronavirus disease (“COVID-19”), was declared a global pandemic by the World Health Organization on March 11, 2020 and the virus has continued to spread through 2022. The related responses by public health and governmental authorities to contain and combat its outbreak and spread of the virus, has adversely impacted global commercial activity, disrupted supply chains and contributed to significant volatility in financial markets. We did not experience a decrease in demand for our products and services as a result of COVID-19, nor did we experience a material adverse effect on our results of operations. However, economic recessions as a result of COVID-19, may have a negative effect on the demand for our products, services and our operating results. The range of possible impacts on the Company’s business from economic recessions caused by coronavirus pandemic could include, but are not limited to: (i) changing demand for the Company’s products and services; (ii) the closure of, or reduction in the number of persons who may be present in, establishments using the Company’s technology (resulting in a decrease in demand for such technology); (iii) decreases in the amount of discretionary spending available to consumers and/or the amount such consumers are willing to spend; and (iv) increasing contraction in the capital markets. Our operations have not been materially negatively impacted by the coronavirus pandemic to date and much of the Company’s work was performed in the commuter environment, as opposed to the office setting. Our employees and consultants returned to our offices in June 2022.
Recently Issued Accounting Pronouncements	The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Tables)	12 Months Ended
	Oct. 31, 2022
SUMMARY OF ACCOUNTING POLICIES (Policies)
Schedule of earnings per common share	Twelve Months Ended Nine Months Ended Year Ended Six Months Ended October 31, 2022 October 31, 2021 January 31, 2021 January 31, 2020 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ (250,038 ) $ 648,072 $ 398,080 $ 966,774 Denominator: Weighted average common shares outstanding 28,042,001 23,884,563 19,953,819 18,968,792 Basic earnings (loss) per common share $ (0.01 ) $ 0.03 $ 0.02 $ 0.05 Diluted earnings per common share Numerator: Net income (loss) available to common shareholders $ (250,038 ) $ 648,072 $ 398,080 $ 966,774 Denominator: Weighted average common shares outstanding 28,042,001 23,884,563 19,953,819 18,968,792 Preferred shares - 1,000 1,000 1,000 Warrants/Options - 8,392,661 11,633,736 8,838,440 Convertible Debt - - - 54,511 Adjusted weighted average common shares outstanding 28,042,001 32,278,224 31,588,555 27,862,743 Diluted earnings (loss) per common share $ (0.01 ) $ 0.02 $ 0.01 $ 0.03
Principles of Consolidation	Name Place of Organization Ownership Global Technology Group Pty Ltd Sydney, New South Wales, Australia 100% Owned RKingsCompetitions Ltd Northern Ireland 80% Owned Golden Matrix MX, S.A. DE C.V. Mexico 99.99% Owned GMG Assets Limited Northern Ireland 100% Owned

PREPAID EXPENSES (Tables)

PREPAID EXPENSES (Tables)	12 Months Ended
	Oct. 31, 2022
PREPAID EXPENSES (Tables)
Schedule of Prepaid expenses	As of As of October 31, October 31, 2022 2021 Prepayments to suppliers $ 70,156 $ 104,336 Prepayment for the gaming license fee 8,744 10,090 Prepaid payroll expense 5,472 - Total prepaid expenses $ 84,372 $ 114,426

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Oct. 31, 2022
ACQUISITION
Schedule of Purchase Price Allocation	Calculation of Purchase Price Allocation Amount Purchase price of GBP £85,000 based on the exchange rate on January 19, 2021 $ 115,314 Assets acquired and liabilities assumed Cash $ 192 Prepayments – Gaming License 61,513 Advance from shareholders (100 ) Equity value of GTG $ 61,605 Reduction in Additional Paid in Capital in GMGI 53,709 Consideration payable – related party $ 115,314 Calculation of Purchase Price Allocation Amount Purchase price of GBP £25,000 based on Exchange Rate on August 1, 2022 $ 30,708 Assets acquired and liabilities assumed Receivable from shareholders of GMG Assets $ 30,708 Equity value of GMG Assets $ 30,708 Consideration payable – related party $ 30,708
summarizes the unaudited pro-forma consolidated	Year Ended October 31 2022 2021 Pro-forma total revenues $ 36,034,856 $ 43,796,143 Pro-forma net income (loss) attributable to GMGI $ (250,038 ) $ 2,523,956
Schedule of assets acquired and liabilities	Calculation of Purchase Price and Preliminary Estimated Purchase Price Allocation Purchase price buildup Amount Closing cash consideration of GBP £3,000,000 based on Exchange Rate on November 1, 2020 $ 4,099,500 Fair value of contingent cash consideration of GBP £1,000,000 to be paid in six months based on Exchange Rate on November 1, 2020 1,366,500 Fair value of 666,250 restricted shares at $7.60 per share 5,063,500 Fair value of contingent shares consideration 562,650 Purchase price $ 11,092,150 Fair value of non-controlling interest 2,705,000 Equity value $ 13,797,150 Add: Current liabilities 960,753 Total equity and liabilities $ 14,757,903 Allocation to assets Cash and cash equivalents $ 758,047 Inventory, prizes 906,018 Property, Plant & Equipment, net 27,613 Total tangible assets $ 1,691,678 Intangible assets Website development costs, net $ 13,901 Trade Names and Trademarks 2,000,000 Non‐Compete Agreements 600,000 Total intangible assets $ 2,613,901 Goodwill 10,452,324 Total assets allocated $ 14,757,903

PROPERTY, PLANT and EQUIPMENT (

PROPERTY, PLANT and EQUIPMENT (Tables)	12 Months Ended
	Oct. 31, 2022
ACQUISITION
Schedule of PROPERTY, PLANT and EQUIPMENT	As of October 31, October 31, 2022 2021 Fixtures, fittings and equipment $ 46,582 $ - Computer and server 3,387 - Leasehold improvements 33,750 - Plant and machinery 21,070 - Total property, plant and equipment $ 104,789 $ - Less accumulated depreciation (32,378 ) - Property, plant and equipment, net $ 72,411 $ -

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Oct. 31, 2022
INTANGIBLE ASSETS
Schedule of Intangible Assets	As of October 31, October 31, 2022 2021 Definite-lived intangible assets Aggregation Platform $ 116,000 $ 174,000 Gaming permit in Mexico 223,725 Website Development Cost 89,829 - Trademarks 2,000,000 - Non-compete Agreements 600,000 - Gross definite-lived intangible assets 3,029,554 174,000 Less: accumulated amortization Aggregation Platform (73,047 ) (38,737 ) Gaming permit in Mexico (3,062 ) Website Development Cost (26,370 ) - Trademarks (200,000 ) - Non-compete Agreements (120,000 ) - Total accumulated amortization (422,479 ) (38,737 ) Net definite-lived intangible assets $ 2,607,075 $ 135,263

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Oct. 31, 2022
EQUITY
Schedule of Grant of Restricted Stock Units to Management and the Independent Directors (Related Parties)	Recipient Position with Company Number of RSUs Anthony Brian Goodman President, Chief Executive Officer (Principal Executive Officer), Secretary, Treasurer, and Chairman of the Board of Directors 750,000 Weiting ‘Cathy’ Feng Chief Operating Officer and Director of the Company 375,000 Murray G. Smith Independent Director 150,000 Aaron Richard Johnston Independent Director 150,000 Thomas E. McChesney Independent Director 150,000 1,575,000
Schedule of Performance Metrics Schedule	Revenue Targets EBITDA Targets Performance Period Target Goal RSUs Vested Target Goal RSUs Vested Year ended October 31, 2022 $21,875,000 * $3,250,000 * Year ended October 31, 2023 FY 2022 x 1.1 * FY 2022 x 1.1 * Year ended October 31, 2024 FY 2023 x 1.1 * FY 2023 x 1.1 *
Schedule of stock option plan activity	Options Number Outstanding Weighted Average Exercise Price Options Outstanding as of October 31, 2021 8,616,664 $ 0.45 Options granted 100,000 $ 4.10 Options forfeited - $ - Options expired (66,666 ) $ 0.12 Options exercised (223,332 ) $ 0.44 Options Outstanding as of October 31, 2022 8,426,666 $ 0.50 Options Exercisable as of October 31, 2022 8,109,999 $ 0.34

SEGMENT REPORTING AND GEOGRAP_2

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)	12 Months Ended
	Oct. 31, 2022
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
Schedule of segment reporting information	For the Twelve Months Ended Description October 31, 2022 October 31, 2021 Revenues: Asia Pacific $ 14,848,259 41 % $ 11,285,731 100 % UK 21,186,597 59 % - - Total $ 36,034,856 100 % $ 11,285,731 100 % For the Twelve Months Ended Description October 31, 2022 October 31, 2021 Revenues: B2B $ 14,848,259 41 % $ 11,285,731 100 % B2C 21,186,597 59 % - - Total $ 36,034,856 100 % $ 11,285,731 100 % For the Twelve Months Ended Description October 31, 2022 October 31, 2021 COGS: Asia Pacific $ 10,915,671 41 % $ 7,006,022 100 % UK 15,956,558 59 % - - Total $ 26,872,229 100 % $ 7,006,022 100 % For the Twelve Months Ended Description October 31, 2022 October 31, 2021 COGS: B2B $ 10,915,671 41 % $ 7,006,022 100 % B2C 15,956,558 59 % - - Total $ 26,872,229 100 % $ 7,006,022 100 % As of As of Description October 31, 2022 October 31, 2021 Long-lived assets: Asia Pacific $ 222,690 $ 415,446 UK 12,837,095 - Latin America 222,678 Total $ 13,282,463 $ 415,446

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Oct. 31, 2022
INCOME TAXES (Tables)
Schedule of deferred tax assets and liabilities	October 31, October 31, January 31, January 31, 2022 2021 2020 2019 Deferred tax liability attributable to net operating loss carry-forwards (9,246 ) (136,095 ) (83,597 ) (203,023 ) Less: valuation allowance (1,205,548 ) (1,341,643 ) (1,425,240 ) (1,628,262 ) Tax benefit 1,196,302 1,205,548 1,341,643 1,425,240 Valuation allowance (1,196,302 ) (1,205,548 ) (1,341,643 ) (1,425,240 ) Net deferred income tax assets - - - -
Schedule of reconciliation of income tax expense	October 31, October 31, January 31, January 31, 2022 2021 2021 2020 Operating profit for the periods ended $ (44,028 ) $ (648,072 ) $ (398,080 ) $ (966,774 ) Average statutory tax rate 21 % 21 % 21 % 21 % Deferred tax liability attributable to net operating loss carry-forwards $ (9,246 ) $ (136,095 ) $ (83,597 ) $ (203,023 )
Schedule of Income tax liabilities	Balance November 1, 2021 $ 602,628 Income Tax November 1, 2021 through October 31, 2022 419,049 Tax paid (549,697 ) Currency Adjustment (147,833 ) Income Tax Liability $ 324,147

NATURE OF BUSINESS AND BASIS _2

NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative)	Jul. 11, 2022	Nov. 02, 2021	Jan. 19, 2021
Global Technology Group [Member]
Owernship perentage			100%
RKingsCompetitions Ltd [Member]
Owernship perentage		80%
GMG Assets Limited [Member]
Owernship perentage		100%
Golden Matrix [Member]
Owernship perentage	99.99%

SUMMARY OF ACCOUNTING POLICIE_3

SUMMARY OF ACCOUNTING POLICIES (Details)	12 Months Ended
	Oct. 31, 2022
RKingsCompetitions Ltd [Member]
Ownership percentage	80%
Place of Organization	Northern Ireland
GMG Assets Limited [Member]
Ownership percentage	100%
Place of Organization	Northern Ireland
Golden Matrix [Member]
Ownership percentage	99.99%
Place of Organization	Mexico
Global Technology Group Pty Ltd [Member]
Ownership percentage	100%
Place of Organization	Sydney, New South Wales, Australia

SUMMARY OF ACCOUNTING POLICIE_4

SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Jan. 31, 2021
SUMMARY OF ACCOUNTING POLICIES (Policies)
Net income available to common shareholders	$ 966,774	$ 648,072	$ (250,038)	$ 398,080
Weighted average common shares outstanding	18,968,792	23,884,563	28,042,001	19,953,819
Basic earnings per common share	$ 0.05	$ 0.03	$ (0.01)	$ 0.02
Net income available to common shareholders	$ 966,774	$ 648,072	$ (250,038)	$ 398,080
Weighted average common shares outstanding	18,968,792	23,884,563	28,042,001	19,953,819
Preferred shares	1,000	1,000	0	1,000
Warrants/Options	8,838,440	8,392,661	0	11,633,736
Convertible Debt	54,511	0	0	0
Adjusted weighted average common shares outstanding	27,862,743	32,278,224	28,042,001	31,588,555
Diluted earnings per common share	$ 0.03	$ 0.02	$ (0.01)	$ 0.01

SUMMARY OF ACCOUNTING POLICIE_5

SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 19, 2021	Oct. 31, 2022	Oct. 31, 2021
Allowances for doubtful		$ 0	$ 168,557
Ownership percentage	100%
Inventory		1,147,591	0
Property, plant and equipment		72,411	$ 0
RKingsCompetitions Ltd [Member]
Trademark cost		2,000,000
Non compete Agreements		$ 600,000
Trademark amortized period		10 years
Non compete Agreements estimated period		5 years

ACCOUNTS RECEIVABLE NET (Detail

ACCOUNTS RECEIVABLE NET (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2022	Nov. 25, 2022	Oct. 31, 2021
Accounts receivable	$ 2,641,023		$ 1,762,725
Net allowance for bad debt	0		168,557
Net allowance for bad debt recovered	168,557
Automated Clearing House
Proceeds from related party	392,921
Accounts receivable	729,505
Citibank
Due from related party	67,498		$ 336,584
Accounts receivable - related party	$ 269,086	$ 21,003

ACCOUNTS RECEIVABLE RELATED P_2

ACCOUNTS RECEIVABLE RELATED PARTY (Details Narrative) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
NATURE OF BUSINESS AND BASIS OF PRESENTATION
Accounts receivable - related party	$ 413,714	$ 1,306,896

PREPAID EXPENSES (Details)

PREPAID EXPENSES (Details) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
PREPAID EXPENSES (Details)
Prepayments to suppliers	$ 70,156	$ 104,336
Prepayment for the gaming license fee	8,744	10,090
Prepaid payroll expense	5,472	0
Total prepaid expenses	$ 84,372	$ 114,426

PREPAID EXPENSES (Details Narra

PREPAID EXPENSES (Details Narrative) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
PREPAID EXPENSES (Details)
Prepaid expenses	$ 84,372	$ 114,426

SHORTTERM DEPOSITS (Details Nar

SHORTTERM DEPOSITS (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Operating lease right-of-use asset	$ 150,653	$ 280,183
Operating lease liability current	95,085	100,209
Operating lease liability non-current	59,778	$ 182,024
June 1 2021 [Member] | GTG [Member]
Rent	$ 117,857
Option to renew period	three years
Lease agreement term	three-year
Goods and services tax charged	10%
June 1 2021 [Member] | St. George Bank [Member]
Term deposit	$ 52,577
Interest rate	0.25%
Interest rate on renewal	0.25%

ACQUISITION (Details)

ACQUISITION (Details) - USD ($)	Oct. 31, 2022	Mar. 22, 2021
Purchase price of GBP ?85,000 based on the exchange rate on January 19, 2021	$ 30,708
Consideration payable - related party	30,708
Share Purchase Agreement [Member]
Purchase price of GBP ?85,000 based on the exchange rate on January 19, 2021	115,314
Assets acquired and liabilities assumed Cash	192
Prepayments - Gaming License	61,513
Advance from shareholders	(100)
Equity value of GTG	61,605
Reduce in Additional Paid in Capital in GMGI	53,709
Consideration payable - related party	$ 115,314	$ 115,314

ACQUISITION (Details 1)

ACQUISITION (Details 1)	Oct. 31, 2022 USD ($)
ACQUISITION (Details)
Purchase price of GBP ?25,000 based on Exchange Rate on August 1, 2022	$ 30,708
Assets acquired and liabilities assumed receivable from shareholders of GMG Assets	30,708
Equity value of GMG Assets	30,708
Consideration payable - related party	$ 30,708

ACQUISITION (Details 2)

ACQUISITION (Details 2) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Add: Current liabilities	$ 2,715,154	$ 1,348,815
Total equity and liabilities	2,774,932	1,530,839
Property, plant and equipment,net	72,411	0
Goodwill	10,452,324	$ 0
Share Purchase Agreement [Member]
Closing cash consideration of GBP 3,000,000 based on the exchange rate on November 1, 2020	4,099,500
Fair value of contingent cash consideration of GBP 1,000,000 to be paid in six months based on Exchange Rate on November 1, 2020	1,366,500
Fair value of 666,250 restricted shares at $7.60 per share	5,063,500
Fair value of contingent shares consideration	562,650
Purchase price	11,092,150
Fair value of non-controlling interest	2,705,000
Equity value	13,797,150
Add: Current liabilities	960,753
Total equity and liabilities	14,757,903
Cash and cash equivalents	758,047
Inventory, prizes	906,018
Property, plant and equipment,net	27,613
Total tangible asset	1,691,678
Website development costs, net	13,901
Trade Names and Trademarks	2,000,000
Non Compete Agreements	600,000
Total intangible assets	2,613,901
Goodwill	10,452,324
Total assets allocated	$ 14,757,903

ACQUISITION (Details 3)

ACQUISITION (Details 3) - USD ($)	12 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
ACQUISITION (Details)
Pro-forma total revenues	$ 36,034,856	$ 43,796,143
Pro-forma net income attributable to GMGI	$ (250,038)	$ 2,523,956

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative)					1 Months Ended				6 Months Ended	9 Months Ended		12 Months Ended
	Nov. 04, 2022	Aug. 04, 2022 USD ($)	Jul. 11, 2022	Mar. 07, 2022 USD ($) shares	Oct. 27, 2022 USD ($) $ / shares shares	Oct. 17, 2022 USD ($)	Nov. 29, 2021	Dec. 22, 2020 GBP (£)	Jan. 31, 2020 USD ($)	Oct. 31, 2021 USD ($) $ / shares	Jul. 31, 2021 USD ($)	Oct. 31, 2022 USD ($) $ / shares shares	Oct. 31, 2021 USD ($) $ / shares	Jan. 31, 2021 USD ($) $ / shares	Nov. 01, 2021	Jul. 09, 2021 $ / shares	Mar. 22, 2021 USD ($)
Assets acquired and the liabilities assumed												$ 2,705,000
Non controlling interest, percentage												20%
Cash payment												$ 4,099,500
Aggregate shares | $ / shares										$ 8		$ 8	$ 8			$ 6
Aggregate shares of common stock | shares					165,444
Restricted shares | shares				70,332	82,722							666,250
Shares acquired												80%
Payment to Party					$ 661,773
Ownership percentage	100%
Common stock, per share | $ / shares					$ 8					$ 0.00001		$ 0.00001	$ 0.00001	$ 0.00001
Revenues									$ 1,758,599	$ 9,333,492	$ 11,285,731	$ 36,034,856	$ 11,285,731	$ 5,223,059
Net income									$ 966,774	648,072		(250,038)		$ 398,080
Common stock										$ 272		282	$ 272
Consideration payable - related party												$ 30,708
Mr. Goodman [Member]
Common stock sell								100%
Total consideration | £								£ 85,000
RKings [Member]
Shares acquired												80%
Common stock, per share | $ / shares												$ 8
Acquire ownership interest, in percentage							80%
Revenues												$ 20,162,329
Net income												1,176,265
Purchase price												11,092,150
Common stock				$ 562,650
Hold back amount												1,366,500
Earnout consideration												5,330,000
Payment of net asset value, in percentage				80%
RKings [Member] | Aaron Johnston [Member]
Shareholder percentage						10%
Acquire ownership percentage						80%
RKings [Member] | Minimum [Member]
Revenues												$ 7,200,000
GMG Purchase Agreement [Member]
Shares acquired						100%
Payment to Party						$ 30,708
Share Purchase Agreement [Member]
Shares acquired			99.99%
Payment to Party		$ 548,112
One-half of the holdback		1,218,027
Less in excess salary payments		$ 60,902
Sellers agreed to sell the outstanding capital stock												80%
Consideration payable - related party												$ 115,314					$ 115,314
Sellers of the interest															80%

PROPERTY, PLANT and EQUIPMENT_2

PROPERTY, PLANT and EQUIPMENT (Details) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Property, Plant and Equipment, Gross	$ 104,789	$ 0
Less accumulated depreciation	(32,378)	0
Property, plant and equipment,net	72,411	0
Fixtures, fittings and equipment [Member]
Property, Plant and Equipment, Gross	46,582	0
Computer and server [Member]
Property, Plant and Equipment, Gross	3,387	0
Leasehold improvements [Member]
Property, Plant and Equipment, Gross	33,750	0
Plant and machinery [Member]
Property, Plant and Equipment, Gross	$ 21,070	$ 0

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Intangible assets	$ 3,029,554	$ 174,000
Intangible assets, accumulated amortization	(422,479)	(38,737)
Intangible assets net	2,607,075	135,263
Non Compete Aagreements [Member]
Intangible assets, accumulated amortization	(120,000)	0
Intangible assets net	600,000	0
Aggregation Platform [Member]
Intangible assets, accumulated amortization	(73,047)	(38,737)
Intangible assets net	116,000	174,000
Website Development Cost [Member]
Intangible assets, accumulated amortization	(26,370)	0
Intangible assets net	89,829	0
Trademarks [Member]
Intangible assets, accumulated amortization	(200,000)	0
Intangible assets net	2,000,000	0
Gaming permit in Mexico [Member]
Intangible assets, accumulated amortization	(3,062)	$ 0
Intangible assets net	$ 223,725

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Nov. 30, 2021	Mar. 01, 2021
Amortization expense - website development	$ 0	$ 38,737	$ 384,588	$ 38,737	$ 0
Capitalized amount			$ 74,191
Estimated useful lives			3 years
Accumulated amortization		$ 38,737	$ 422,479	$ 38,737
Gamefish Global Pty Ltd [Member] | Asset Purchase Agreement [Member]
Consideration payable, for acquisition							$ 174,000
Monthly fees							$ 13,050
Outstanding payable intangible asset written down						$ 58,000
Non Compete Aagreements [Member]
Intangible assets			$ 600,000
Intangible assets, amortized over			5 years
Trademarks [Member]
Intangible assets, amortized over			10 years
Gaming permit in Mexico [Member]
Intangible assets, amortized over			6 years

ACCOUNTS PAYABLE RELATED PART_2

ACCOUNTS PAYABLE RELATED PARTIES (Details Narrative) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
NATURE OF BUSINESS AND BASIS OF PRESENTATION
Accounts payable - related parties	$ 10,637	$ 105,062

DEFERRED REVENUES (Details Narr

DEFERRED REVENUES (Details Narrative) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
DEFERRED REVENUES (Details Narrative)
Deferred revenue	$ 182,444	$ 0

CUSTOMER DEPOSIT (Details Narra

CUSTOMER DEPOSIT (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Customer deposits	$ 109,328	$ 68,635
Progressive Jackpot Games [Member]
Customer deposits	69,016	32,886
Progressive contribution fee	5,000
Other Source [Member]
Customer deposits	$ 40,312	$ 35,749

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)			1 Months Ended								6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 29, 2021	Sep. 18, 2021	Oct. 16, 2022	Sep. 16, 2022	Jan. 28, 2022	Jul. 29, 2021	Apr. 22, 2021	Oct. 26, 2020	May 31, 2020	Apr. 24, 2020	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 27, 2022	Oct. 14, 2022	May 25, 2022	May 24, 2022	Mar. 07, 2022	Jul. 09, 2021	Jun. 29, 2021	Feb. 18, 2021	Aug. 13, 2020	Jul. 27, 2020	Sep. 19, 2019	Jan. 03, 2018
Revenues related party											$ 1,087,816	$ 1,525,091	$ 862,373		$ 2,248,877
General and administrative expense											149,177	1,112,986	5,442,591		566,593
Amount payable to related party												$ 105,062	$ 10,637	$ 105,062
Restricted common stock													666,250			82,722				70,332
Share price												$ 8	$ 8	$ 8							$ 6
Professional fees											$ 26,944	$ 287,383	$ 663,315		$ 159,091
Aggregate price													$ 9,548
Common stock shares issued												27,231,401	28,182,575	27,231,401
Skywind Services IOM Ltd [Member]
Prepaid deposit																							$ 43,569
Paid the equivalent of Articulate to settle the accounts payable						$ 42,464
Accounts payable other																							$ 43,569
Mr. Murray [Member]
Amount payable to related party												$ 0	$ 0	$ 0
Consulting fees													46,000	24,000
Expiring date				Oct. 31, 2024
Restricted common stock				150,000
Compensation payable in arears																									$ 2,000
Issance of stock options																									100,000
Share price																									$ 2.67
Increase in compensation	$ 3,000
Monthly retainer payment																		$ 5,000	$ 3,000
Mr. Aaron Richard Johnston [Member]
Amount payable to related party												2,000	0	2,000
Consulting fees													46,000	24,000
Expiring date				Oct. 31, 2024
Restricted common stock				150,000
Compensation payable in arears																								$ 2,000
Issance of stock options																								100,000
Share price																								$ 2.67
Increase in compensation	3,000
Monthly retainer payable																		5,000	3,000
Mr. Omar Jimenez [Member]
Amount payable to related party												0	0	0
Consulting fees							$ 12,500						275,000	78,750
Options purchases							50,000
Exercise price							$ 9.910
Vested shares							25,000
THomas E McChesney [Member]
Amount payable to related party												0	0	0
Consulting fees													46,000	24,000
Expiring date				Oct. 31, 2024
Restricted common stock				150,000
Director [Member]
Expiring date										Apr. 27, 2025
Compensation payable in arears										$ 2,000
Issance of stock options										100,000
Share price										$ 0.795
Increase in compensation	$ 3,000
Mr. Goodman [Member] | September 18, 2021 [Member]
Stock option exercise upon purchase of shares		$ 2,700,000
Surrendered shares		355,109
Shares issued		2,344,891
Aggregate price		$ 2,450,250
Mr. Goodman [Member] | September 16, 2022 [Member]
Expiring date				Oct. 31, 2024
Restricted common stock				750,000
Mr. Goodman [Member] | Employment Agreement [Member]
Percentage of superannuation on salary								10.50%
Superannuation percentage								9.50%
Wages Payable													0	0
Superannuation payable												14,205	5,229	14,205
Salary received								$ 144,000
SalaryIncrease								$ 158,400
Share issued																						$ 0.066
Common stock shares issued																						5,400,000				2,700,000	5,400,000
Ms.Weiting Feng [Member] | September 18, 2021 [Member]
Stock option exercise upon purchase of shares		$ 700,000
Surrendered shares		83,696
Shares issued		616,304
Aggregate price		$ 577,500
Ms.Weiting Feng [Member] | Employment Agreement [Member]
Percentage of superannuation on salary			10%					10.50%
Superannuation percentage								9.50%
Wages Payable													0	0
Superannuation payable												11,838	4,358	11,838
Salary received								$ 120,000
SalaryIncrease			$ 132,000
Share issued																						$ 0.06
Common stock shares issued						1,400,000																1,400,000				700,000	1,400,000
Weiting Cathy Feng [Member] | September 16, 2022 [Member]
Expiring date				Oct. 31, 2024
Restricted common stock				375,000
Directors [Member] | January 28, 2022 [Member]
Monthly retainer payment																		$ 5,000	$ 3,000
Stock option exercise upon purchase of shares					$ 40,000
Surrendered shares					4,977
Shares issued					35,023
Aggregate price					$ 31,800
Articulate Pty Ltd [Member]
Revenues related party													862,373	2,140,266
Accounts receivable												1,306,896	413,714	1,306,896			$ 77,019
General and administrative expense													$ 0	88,000
Marla Goodman owns, percentage													50%
Amount payable to related party												$ 77,019	$ 0	$ 77,019
Brett Goodman and Jason Silver [Member] | Stock Purchase Agreement [Member]
Share price													$ 3.98
Annual salary													$ 60,000
Professional fees									$ 3,000
Common stock shares purchase													50,000
Percentage of superannuation on salary													10.50%

EQUITY (Details)

EQUITY (Details)	12 Months Ended
	Oct. 31, 2022 $ / shares shares
Number Outstanding
Outstanding options, beginning balance | shares	8,616,664
Options granted | shares	100,000
Options expired | shares	(66,666)
Options exercised | shares	(223,332)
Outstanding options, ending balance | shares	8,426,666
Options Exercisable, ending balance | shares	8,109,999
Weighted Average Exercise Price
Weighted average exercise price, beginning balance	$ 0.45
Weighted average exercise price, Options granted	4.10
Weighted average exercise price, Options forfeited	0
Weighted average exercise price, Options expired	0.12
Weighted average exercise price, Options exercised	0.44
Weighted average exercise price, ending balance	0.50
Weighted average exercise price, Options exercisable, ending balance	$ 0.34

EQUITY (Details1)

EQUITY (Details1)	12 Months Ended
	Oct. 31, 2022 shares
Restricted common stock	1,575,000
THomas E McChesney [Member]
Restricted common stock	150,000
Anthony Brian Goodman [Member]
Restricted common stock	750,000
Aaron Richard Johnston [Member]
Restricted common stock	150,000
Murray G Smith [Member]
Restricted common stock	150,000
Weiting Cathy Feng [Member]
Restricted common stock	375,000

EQUITY (Details 2)

EQUITY (Details 2)	12 Months Ended
	Oct. 31, 2022 USD ($) shares
October 31, 2022 [Member] | Revenue Target [Member]
RSUs Vested	21,875,000
Target Goal | $	$ 0
October 31, 2022 [Member] | Ebitda Target [Member
RSUs Vested	0
Target Goal | $	$ 3,250,000
October 31, 2023 [Member] | Revenue Target [Member]
RSUs Vested	0
Target Goal	2022 x 1.1
October 31, 2023 [Member] | Ebitda Target [Member
RSUs Vested	0
Target Goal	2022 x 1.1
October 31, 2024 [Member] | Revenue Target [Member]
RSUs Vested	0
Target Goal	2023 x 1.1
October 31, 2024 [Member] | Ebitda Target [Member
RSUs Vested	0
Target Goal	2023 x 1.1

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)												1 Months Ended										6 Months Ended	9 Months Ended		12 Months Ended
	Mar. 11, 2022	Mar. 10, 2022	Mar. 07, 2022	Nov. 23, 2021	Jul. 14, 2021	Jul. 09, 2021	May 07, 2021	Aug. 20, 2020	Aug. 10, 2020	May 06, 2020	Mar. 15, 2018	Sep. 16, 2022	Nov. 29, 2021	Jun. 29, 2021	Mar. 22, 2021	Jan. 20, 2021	Jan. 07, 2021	Dec. 07, 2020	Jun. 26, 2020	Mar. 20, 2020	Jan. 03, 2018	Jan. 31, 2020	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 27, 2022	Oct. 25, 2021	Jul. 29, 2021	Jun. 06, 2021	Oct. 31, 2019	Sep. 19, 2019	Aug. 10, 2015
Preferred stock, shares authorized																							20,000,000		20,000,000	20,000,000	20,000,000
Preferred stock, par value																							$ 0.00001		$ 0.00001	$ 0.00001
Options granted																									100,000
Options expired																									(66,666)
Options exercised																									(156,666)
Cash exercised																									66,666
Aggregate price																									$ 9,548
Aggregate exercise price																									$ 32,000
Aggregate restricted units												1,575,000
Common stock, par value																							$ 0.00001		$ 0.00001	$ 0.00001	$ 0.00001	$ 8
Common shares, authorized																							40,000,000		250,000,000	40,000,000						40,000,000
Common stock, issued																							27,231,401		28,182,575	27,231,401
Warrant to purchase common stock					170,000	170,000																									830,000
Warrants remaining																									830,000
Common stock shares																															1,000,000
Proceeds from exercise of warrants						$ 1,020,000
Bank charges						$ 18																$ 0	$ 40,000		$ 0		$ 0
Total compensation cost related to stock options granted																									$ 568,957	$ 1,614,905
Shares issue					170,000	170,000
Common shares outstanding																							27,231,401		28,182,575	27,231,401
Share price						$ 6																	$ 8		$ 8	$ 8
Description of stock split																			All shares and prices per share have been adjusted for a 1 share-for-150 shares reverse stock split that took effect on June 26, 2020
Common Stock per shares									$ 3.40
Common stock shares issued														5,400,000							5,400,000												2,700,000
Stock based compensation, shares issued, amount																									$ 5,626,150
Total revanues																						1,758,599	$ 9,333,492	$ 11,285,731	36,034,856	$ 11,285,731	5,223,059
Stock-based compensation																						$ 449,325	905,979		$ 2,659,221		$ 1,906,183
Issuance of shares for services, amount																							$ 3,027,253
Stock issued during the period shares issued for services																							7,420
On April 27, 2020 [Member]
Common shares, authorized																							40,000,000		40,000,000	40,000,000	40,000,000
Description of stock split																									Nevada Secretary of State pursuant to which we affected a reverse stock split of our authorized and issued and outstanding common stock in a ratio of 1-for
Common stock reduction ratio description																									All issued and outstanding shares of common stock were reduced at a ratio of 1 share for every 150 shares of common stock outstanding.
Stock issued during period																									3,639
August 14, 2020 to August 20, 2020 [Member]
Common Stock per shares								$ 6.80
Shares issued during period								900,000
Description of common Stock Outstanding								the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “Series B Preferred Stock”), which entity is wholly-owned by the Company’s Chief Executive Officer and Chairman, Anthony Brian Goodman, transferred all 1,000 shares of Series B Preferred Stock which it held to Mr. Goodman for no consideration.
Price per unit								$ 4.10
From November 23, 2020, to December 7, 2020 [Member]
Common Stock per shares																		$ 6.80
Maturity date																		Jan. 07, 2021
January 20, 2021 [Member]
Common Stock per shares																$ 5
Shares issued during period																1,000,000
Description of common Stock Outstanding																The warrants have an exercise price of $4.10 per share (and no cashless exercise rights) and are exercisable until the earlier of (a) August 20, 2022, and (b) the 30th day after the Company provides the holder of the warrants notice that the closing sales price of the Company’s common stock has closed at or above $6.80 per share for a period of ten consecutive trading days
April 26, 2021, to May 7, 2021 [Member]
Description of common Stock Outstanding							Company’s common stock closed at or above $10.00 per share. On May 11, 2021, the Company agreed to provide the holder 61 days from the Triggering Date to exercise the warrants, and as a result the holder had until July 11, 2021 to exercise such Warrants.
From December 9, 2020, to January 7, 2021 [Member]
Warrant purchased, shares																	409,029
Restricted common shares issued																	409,029
Warrant purchased, amount																	$ 1,677,019
Stock Option Plan [Member]
Share price														$ 0.06							$ 0.066
Exercise price											$ 0.06										$ 0.066
Shares issued during period																					5,400,000
Common stock option granted, shares											1,400,000			466,667
Maturity period											3 years 6 months										1 year
Expiration date														Dec. 31, 2022
Luxor Capital LLC [Member]
Common shares outstanding				7,470,483																					27,231,401
Preferred stock voting rights description				1,000 shares of the Company’s Series B Voting Preferred Voting Stock, representing 100% of the Company’s issued and outstanding Series B Voting Preferred Voting Stock, which Series B Voting Preferred Voting Stock shares each vote four times the number of shares of the Company’s common stock outstanding (27,278,541
Total voting shares				$ 109,121,634,483
Voting rights. Percentage				99.98%
Percentage of common shares outstanding				27.40%
Placement Agency Agreement [Member]
Cash fee paid																													6%
Maximum reimbursement of agent expense																													$ 60,000
Non-accountable expense reimbursement																													1%
Purchase Agreement [Member]
Common stock, issued																													496,429
Number of warrants to purchase																													496,429
Warrants and shares per share value																													$ 7
Proceeds from issuance of shares and warrants																													$ 3,475,003
Purchase Agreement [Member] | Restricted Stock
Net asset value																							$ 562,650			$ 562,650			$ 5,000
Stock issued during the period acquired			$ 70,332										$ 5,330,000
Stock issued during the period acquired, shares													666,250
Common stock per shares													$ 8
Investor [Member]
Common stock shares sold, shares																									527,029
Cash raised upon sale of shares																									$ 1,791,863
Ontario Inc [Member] | On March 1, 2021 [Member]
Exercise price															$ 5.50
Purchase of common stock by granting warrants															120,000
Common stock shares issued value															$ 3,000
Closing sales price															$ 11
Ms. Feng [Member]
Exercise price														$ 0.06
Stock option expense														$ 2,069
James Caplan [Member]
Shares issued during period										66,667
Market value of shares issued																				37,000
Two external consultants [Member] | Consultation Services [Member] | Restricted Stock
Issuance of shares for services, amount																									$ 6,000
Stock issued during the period shares issued for services																									808
Two external consultants [Member] | Investor [Member] | Restricted Stock
Issuance of shares for services, amount																									$ 48,840
Stock issued during the period shares issued for services																									8,608
Stock Purchase Agreement [Member] | Brett Goodman and Jason Silver [Member]
Share price																									$ 3.98
Stock based compensation, shares issued, amount									$ 14,840
Restricted common shares issued									2,000
Stock based compensation, shares issued, shares									4,000
Description of share based compensation									Stock Purchase Agreement with Brett Goodman, the son of the Company’s Chief Executive Officer, and Jason Silver (collectively, the “Partnership”). The Company agreed to issue 4,000 shares to the Partnership (2,000 to each of Brett Goodman and Jason Silver) as compensation for their service provided to assist the Company in developing a betting application.
Employment Agreement [Member] | Mr. Goodman [Member]
Common stock, issued														5,400,000							5,400,000												2,700,000
Employment Agreement [Member] | Ms.Weiting Feng [Member]
Common stock, issued														1,400,000							1,400,000									1,400,000			700,000
Sale and Purchase Agreement [Member]
Share consideration issued description													Share Capital to purchase 80% of the outstanding capital stock of RKings
Ebitda Target [Member
Total revanues																									$ 3,526,543
Total expenses																									2,089,500
Stock-based compensation																									$ 764	0
RSUs Granted																									6,000
Revanues target [Member]
Total revanues																									$ 36,034,856
Total expenses																									2,095,600
Stock-based compensation																									$ 764	$ 0
RSUs Granted																									6,000
Series B Preferred Stock [Member]
Preferred stock, par value																							$ 0.00001		$ 0.00001	$ 0.00001	$ 0.00001
Preferred stock, shares designated																							10,001		1,000	10,001								1,000
Preferred stock voting rights description	7,500 votes on all matters presented to the Company’s shareholders for a vote of shareholders, whether such vote is taken in person at a meeting or via a written consent (7,500,000 votes in aggregate for all outstanding shares of Series B Preferred Stock);	the then sole shareholder of the Series B Voting Preferred Stock of the Company (the “Series B Preferred Stock”), which entity is wholly-owned by the Company’s Chief Executive Officer and Chairman, Anthony Brian Goodman, transferred all 1,000 shares of Series B Preferred Stock which it held to Mr. Goodman for no consideration.
Preferred stock, shares issued																						1,000	1,000		1,000	1,000	1,000
Preferred stock, shares outstanding																							1,000		1,000	1,000	1,000
Preferred stock conversion basis	1,000 for 1 basis
Undesignated preferred stock																							19,999,000		19,999,000	19,999,000
Preferred Stock [Member]
Preferred stock, par value																									$ 0.00001

SEGMENT REPORTING AND GEOGRAP_3

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details) - USD ($)	6 Months Ended	9 Months Ended		12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Total revanues	$ 1,758,599	$ 9,333,492	$ 11,285,731	$ 36,034,856	$ 11,285,731	$ 5,223,059
Percentage of total revenue			100%	100%	100%
Asia Pacific [Member]
Total revanues			$ 11,285,731	$ 14,848,259
Percentage of total revenue			100%	41%
United Kingdoms [Member]
Total revanues			$ 0	$ 21,186,597
Percentage of total revenue			0%	59%

SEGMENT REPORTING AND GEOGRAP_4

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 1) - USD ($)	6 Months Ended	9 Months Ended		12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Total revanues	$ 1,758,599	$ 9,333,492	$ 11,285,731	$ 36,034,856	$ 11,285,731	$ 5,223,059
Percentage of total revenue			100%	100%	100%
B2B [Member]
Total revanues				$ 14,848,259	$ 11,285,731
Percentage of total revenue				41%	100%
B2C [Member]
Total revanues				$ 21,186,597	$ 0
Percentage of total revenue				59%	0%

SEGMENT REPORTING AND GEOGRAP_5

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 2) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended			14 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Dec. 31, 2021
Cost of goods sold	$ 57,224	$ 6,050,508	$ 26,872,229	$ 7,006,022	$ 2,000,052	$ 7,006,022
Cost of goods sold percentage			100%	100%		100%
Asia Pacific [Member]
Cost of goods sold			$ 10,915,671			$ 7,006,022
Cost of goods sold percentage			41%			100%
United Kingdoms [Member]
Cost of goods sold			$ 15,956,558			$ 0
Cost of goods sold percentage			59%			100%

SEGMENT REPORTING AND GEOGRAP_6

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 3) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended			14 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Dec. 31, 2021
Cost of goods sold	$ 57,224	$ 6,050,508	$ 26,872,229	$ 7,006,022	$ 2,000,052	$ 7,006,022
Cost of goods sold percentage			100%	100%		100%
B2B [Member]
Cost of goods sold			$ 10,915,671	$ 7,006,022
Cost of goods sold percentage			41%	100%
B2C [Member]
Cost of goods sold			$ 15,956,558	$ 0
Cost of goods sold percentage			59%	0%

SEGMENT REPORTING AND GEOGRAP_7

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 4) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Long lived assets	$ 13,282,463	$ 415,446
Asia Pacific [Member]
Long lived assets	222,690	415,446
United Kingdoms [Member]
Long lived assets	12,837,095	$ 0
Latin America [Member]
Long lived assets	$ 222,678

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2022	Oct. 31, 2021
INCOME TAXES
Operating profit for the periods ended	$ (398,080)	$ (966,774)	$ (44,028)	$ (648,072)
Average statutory tax rate	21%	21%	21%	21%
Deferred tax liability attributable to net operating loss carry-forwards	$ (83,597)	$ (203,023)	$ (9,246)	$ (136,095)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
INCOME TAXES
Deferred tax liability attributable to net operating loss carry-forwards	$ (9,246)	$ (136,095)	$ (83,597)	$ (203,023)
Less: valuation allowance	(1,205,548)	(1,341,643)	(1,425,240)	(1,628,262)
Tax benefit	1,196,302	1,205,548	1,341,643	1,425,240
Valuation allowance	(1,196,302)	(1,205,548)	(1,341,643)	(1,425,240)
Net deferred income tax assets	$ 0	$ 0	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	6 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Jan. 31, 2021
INCOME TAXES
Income tax liability, beginning balance			$ 602,628
Provision for incom tax	$ 0	$ 0	419,049	$ 0
Tax paid	$ 0	0	(549,697)	$ 0
Currency Adjustment			(147,833)
Income tax liability, ending balance		$ 602,628	$ 324,147

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	6 Months Ended		9 Months Ended	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 01, 2022
Income tax expense		$ 0	$ 0	$ 419,049		$ 0
Corporate income tax rate				21%
Income tax payable			$ 602,628	$ 324,147	$ 602,628		$ 324,147
Net operating losses carries forward				1,582,000
Income tax liability				$ 602,628
Statutory tax rate	21%	21%		21%	21%
RKings [Member]
Statutory tax rate				19%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
	Oct. 31, 2022 USD ($)	Oct. 31, 2022 AUD ($)	Oct. 31, 2021 USD ($)
Operating lease liability non-current	$ 59,778		$ 182,024
Operating lease liability current	95,085		100,209
Operating lease right-of-use asset	$ 150,653		$ 280,183
Employment Agreement [Member]
lease liabilities discount rate	6.25%
Operating lease liability non-current	$ 59,778
Operating lease liability current	95,085
Operating lease right-of-use asset	150,653
Operating lease cost	$ 109,527
Annual increase percentage	4%	4%
Lease rent per year		$ 167,338
Period of lease agreement	3 years	3 years
Mr Paul Hardman [Member]
Ownership interest, in percentage	80%	80%
Hold back amount	$ 573,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)

1 Months Ended

12 Months Ended

Jan. 11, 2023 USD ($) $ / shares shares

Dec. 07, 2022 EUR (€)

Nov. 04, 2022 USD ($) $ / shares shares

Nov. 30, 2022 shares

Oct. 31, 2024 shares

Oct. 31, 2023 shares

Oct. 31, 2022 shares

Dec. 08, 2022 shares

Dec. 01, 2022 USD ($) shares

Nov. 21, 2022 USD ($) shares

Nov. 02, 2022 USD ($) shares

Oct. 31, 2021 shares

Common stock, issued

28,182,575

27,231,401

Mr. Aaron Richard Johnston [Member] | November 1, 2022 [Member]

Issue of restricted common stock

100,000

Stock Compensation in shares

50,000

Mr. Aaron Richard Johnston [Member] | February 1, 2023 [Member]

Stock Compensation in shares

50,000

Subsequent Event Member

Restricted common stock shares issued to consultant

4,277

Subsequent Event Member | Lease Agreements [Member]

Sign up bonus amount | $

$ 36,000

Equity sign up bonus of restricted common stock

100,000

Amount paid per month | $

$ 12,000

Restricted stock shares issued as compensation

300,000

Restricted stock unit vesting

150,000

150,000

Subsequent Event Member | Issuances of Securities [Member]

Restricted stock shares issued as compensation

165,444

Issue of restricted common stock amount | $

$ 1,323,552

Issue of restricted common stock per share | $ / shares

$ 8

Non controlling interest

20%

Common stock, issued

508,841

Shares surrendered to pay for aggregate exercise price of the options

24,491

Surrendered common stock exercise amount | $

$ 60,000

Share exercised

533,332

Subsequent Event Member | Meridian Purchase Agreement [Member]

Payment to acquire business, cash | $

$ 10,000,000

Restricted common stock shares payable

4,000,000

Payment to acquire business, shares

4,285,714

Percentage of capital stock sold

100%

Initial acquisition amount payment | $

$ 50,000,000

Phase one closing restricted share

56,999,000

Phase one closing restricted per share value | $ / shares

$ 3.50

Promissory note | $

$ 10,000,000

Finance equired | $

50,000,000

Restricted stock unit to employees | $

$ 3,000,000

Break fee percentage rate

50%

Subsequent Event Member | Meridian Purchase Agreement [Member] | Series C Voting Preferred Stock [Member]

Preferred stock

1,000

Subsequent Event Member | R Kings Buyout [Member]

Transfer of minority shares

20%

Subsequent Event Member | November 1, 2022 [Member] | Lease Agreements [Member]

Stock Compensation in shares

50,000

Subsequent Event Member | February 1, 2023 [Member] | Lease Agreements [Member]

Stock Compensation in shares

50,000

Subsequent Event Member | Software License Agreement between Elray Resources Inc. and Golden Matrix Group, Inc [Member]

License agreement term

24 years

Percentage related to licensing of online games monthly license fee

125%

Advance payment for jackpot games | €

€ 5,000

Subsequent Event Member | Mr. Aaron Richard Johnston [Member] | Lease Agreements [Member]

Restricted stock unit vesting

300,000

Subsequent Event Member | Weiting Feng [Member] | Issuances of Securities [Member]

Common stock, issued

1,364,406

Shares surrendered to pay for aggregate exercise price of the options

35,594

Surrendered common stock exercise amount | $

$ 84,000

Share exercised

1,400,000

Subsequent Event Member | Anthony Goodman [Member] | Issuances of Securities [Member]

Common stock, issued

5,248,983

Shares surrendered to pay for aggregate exercise price of the options

151,017

Surrendered common stock exercise amount | $

$ 356,400

Share exercised

5,400,000