Golden Matrix Group, Inc.
|
(Name of small business issuer in its charter)
|
Nevada
|
46-1814729
|
|
(State of incorporation)
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer
|
¨
|
Accelerated filer
|
¨
|
Non-accelerated filer
|
¨
|
Smaller reporting company
|
x
|
(Do not check if a smaller reporting company) |
Emerging growth company
|
x
|
|
|
Page
|
|||
|
|
|||
|
|
|||
|
4
|
|
||
|
|
|||
|
20
|
|
||
|
|
|||
|
25
|
|
||
|
|
|
|
|
|
25
|
|
||
|
|
|||
|
|
|||
|
|
|||
|
26
|
|
||
|
|
|
|
|
|
26
|
|
||
|
|
|||
|
26
|
|
||
|
|
|||
|
26
|
|
||
|
|
|||
|
26
|
|
||
|
|
|||
|
26
|
|
||
|
|
|||
|
27
|
|
2 |
|
3 |
|
GOLDEN MATRIX GROUP, INC
|
|||||||||
Consolidated Balance Sheets
|
|||||||||
(Unaudited)
|
|
|
As of
January 31,
2020
|
|
|
As of
July 31,
2019
|
|
||
|
|
(Unaudited)
|
|
|
(Audited)
|
|
||
ASSETS
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
Current assets:
|
|
|
|
|
|
|
||
Cash and cash equivalents
|
|
$ | 1,856,505 |
|
|
$ | 1,731,095 |
|
Accounts receivable, net
|
|
|
791,340 |
|
|
|
264,558 |
|
Accounts receivable – related parties
|
|
|
1,069,713 |
|
|
|
1,009,397 |
|
Total current assets
|
|
|
3,717,558 |
|
|
|
3,005,050 |
|
Total assets
|
|
$ | 3,717,558 |
|
|
$ | 3,005,050 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS’ DEFICIT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities
|
|
$ | 25,621 |
|
|
$ | 41,104 |
|
Accounts payable - related parties
|
|
|
660,682 |
|
|
|
526,541 |
|
Advances from shareholders
|
|
|
1,000 |
|
|
|
1,000 |
|
Accrued interest
|
|
|
41,964 |
|
|
|
24,510 |
|
Settlement payable - related party
|
|
|
290,000 |
|
|
|
145,000 |
|
Convertible notes payable, net of discounts
|
|
|
30,000 |
|
|
|
30,000 |
|
Convertible notes payable, net- in default
|
|
|
10,000 |
|
|
|
10,000 |
|
Promissory note - related party
|
|
|
174,254 |
|
|
|
1,033,567 |
|
Derivative liabilities – note conversion feature
|
|
|
15,000 |
|
|
|
15,000 |
|
Total current liabilities
|
|
|
1,248,521 |
|
|
|
1,826,722 |
|
|
|
|
|
|
|
|
|
|
Settlement payable - related party – long-term
|
|
|
- |
|
|
|
145,000 |
|
Total non-current liabilities
|
|
|
- |
|
|
|
145,000 |
|
Total liabilities
|
|
$ | 1,248,521 |
|
|
$ | 1,971,722 |
|
|
|
|
|
|
|
|
|
|
Shareholders’ equity (deficit):
|
|
|
|
|
|
|
|
|
Preferred stock, Series A: $0.00001 par value; 19,999,000 shares authorized, none outstanding
|
|
|
- |
|
|
|
- |
|
Preferred stock, Series B: $0.00001 par value, 1,000 shares authorized,1,000 and 1,000 shares issued and outstanding, respectively
|
|
|
- |
|
|
|
- |
|
Common stock: $0.00001 par value, 6,000,000,000 shares authorized, 2,845,318,757 and 2,845,318,757 shares issued and outstanding, respectively
|
|
|
28,453 |
|
|
|
28,453 |
|
Additional paid-in capital
|
|
|
27,894,312 |
|
|
|
27,443,293 |
|
Accumulated other comprehensive loss
|
|
|
(683 | ) |
|
|
(683 | ) |
Accumulated deficit
|
|
|
(25,453,045 | ) |
|
|
(26,437,735 | ) |
Total shareholders’ deficit
|
|
|
2,469,037 |
|
|
|
1,033,328 |
|
Total liabilities and shareholders’ deficit
|
|
$ | 3,717,558 |
|
|
$ | 3,005,050 |
|
4 |
|
GOLDEN MATRIX GROUP, INC.
|
|||||||||||||
Consolidated Statements of Operations
|
|||||||||||||
(Unaudited)
|
|
|
Three months ended
|
|
|
Six months ended
|
|
||||||||||
|
|
January 31,
|
|
|
January 31,
|
|
||||||||||
|
|
2020
|
|
|
2019
|
|
|
2020
|
|
|
2019
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Revenues
|
|
$ | 308,507 |
|
|
$ | 2,119 |
|
|
$ | 670,783 |
|
|
$ | 2,752 |
|
Revenues-related party
|
|
|
568,247 |
|
|
|
711,423 |
|
|
|
1,087,816 |
|
|
|
1,349,485 |
|
Cost of goods sold
|
|
|
(25,031 | ) |
|
|
(68,978 | ) |
|
|
(57,224 | ) |
|
|
(138,502 | ) |
Gross profit
|
|
|
851,723 |
|
|
|
644,564 |
|
|
|
1,701,375 |
|
|
|
1,213,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
G&A expense
|
|
|
102,817 |
|
|
|
54,446 |
|
|
|
231,149 |
|
|
|
133,376 |
|
G&A expense- related party
|
|
|
33,000 |
|
|
|
48,940 |
|
|
|
66,000 |
|
|
|
88,240 |
|
Loss on contingent liability – related party
|
|
|
- |
|
|
|
67,963 |
|
|
|
- |
|
|
|
84,082 |
|
Professional fees
|
|
|
8,129 |
|
|
|
9,237 |
|
|
|
26,944 |
|
|
|
30,068 |
|
Amortization expenses
|
|
|
264,345 |
|
|
|
56,833 |
|
|
|
385,024 |
|
|
|
114,180 |
|
Total operating expenses
|
|
|
408,291 |
|
|
|
237,419 |
|
|
|
709,117 |
|
|
|
449,946 |
|
Gain from operations
|
|
|
443,432 |
|
|
|
407,145 |
|
|
|
992,258 |
|
|
|
763,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
(9,837 | ) |
|
|
(202 | ) |
|
|
(26,227 | ) |
|
|
(7,994 | ) |
Interest earned
|
|
|
9,373 |
|
|
|
- |
|
|
|
18,659 |
|
|
|
- |
|
Gain (loss) on extinguishment of debt
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(106 | ) |
Gain (loss) on derivative liability
|
|
|
(4,166 | ) |
|
|
14,848 |
|
|
|
- |
|
|
|
(1,899 | ) |
Total other income (expense)
|
|
|
(4,630 | ) |
|
|
14,646 |
|
|
|
(7,568 | ) |
|
|
(9,999 | ) |
Net income
|
|
$ | 438,802 |
|
|
$ | 421,791 |
|
|
$ | 984,690 |
|
|
$ | 753,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings per common share – basic
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
Net earnings per common share diluted
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
Weighted average number of common shares outstanding – basic
|
|
|
2,845,318,757 |
|
|
|
2,835,318,757 |
|
|
|
2,845,318,757 |
|
|
|
2,787,644,985 |
|
Weighted average number of common shares outstanding –diluted
|
|
|
4,179,262,381 |
|
|
|
2,848,173,923 |
|
|
|
4,179,262,381 |
|
|
|
2,800,500,152 |
|
5 |
|
|
|
Preferred Stock-
Series B
|
|
|
Common Stock
|
|
|
Additional
Paid-in
|
|
|
Accumulated Other Comprehensive
|
|
|
Accumulated
|
|
|
Total Stockholder’s Equity
|
|
||||||||||||||
|
|
Shares
|
|
|
Amount
|
|
|
Shares
|
|
|
Amount
|
|
|
Capital
|
|
|
Income (Loss)
|
|
|
Deficit
|
|
|
(Deficit)
|
|
||||||||
Balance at July 31, 2018
|
|
|
1,000 |
|
|
$ | - |
|
|
|
2,622,904,757 |
|
|
$ | 26,229 |
|
|
$ | 26,840,794 |
|
|
$ | (683 | ) |
|
$ | (28,207,643 | ) |
|
$ | (1,341,303 | ) |
Issuance of shares for convertible notes conversion – related party
|
|
|
- |
|
|
|
- |
|
|
|
209,414,000 |
|
|
|
2,094 |
|
|
|
207,320 |
|
|
|
- |
|
|
|
- |
|
|
|
209,414 |
|
Issuance of shares for settlement of convertible note -related party
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
5,310 |
|
|
|
- |
|
|
|
- |
|
|
|
5,310 |
|
Issuance of shares for services
|
|
|
- |
|
|
|
- |
|
|
|
3,000,000 |
|
|
|
30 |
|
|
|
2,070 |
|
|
|
- |
|
|
|
- |
|
|
|
2,100 |
|
Fair value of options/warrants issued for services
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
252,682 |
|
|
|
- |
|
|
|
- |
|
|
|
252,682 |
|
Net income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
753,790 |
|
|
|
753,790 |
|
Balance at January 31, 2019
|
|
|
1,000 |
|
|
|
- |
|
|
|
2,835,318,757 |
|
|
$ | 28,353 |
|
|
$ | 27,308,176 |
|
|
$ | (683 | ) |
|
$ | (27,453,853 | ) |
|
$ | (118,007 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at July 31, 2019
|
|
|
1,000 |
|
|
|
- |
|
|
|
2,845,318,757 |
|
|
$ | 28,453 |
|
|
$ | 27,443,293 |
|
|
$ | (683 | ) |
|
$ | (26,437,735 | ) |
|
$ | 1,033,328 |
|
Fair value of options/warrants issued for services
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
442,248 |
|
|
|
- |
|
|
|
- |
|
|
|
442,248 |
|
Imputed interest
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
8,771 |
|
|
|
- |
|
|
|
- |
|
|
|
8,771 |
|
Net income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
984,690 |
|
|
|
984,690 |
|
Balance at January 31, 2020
|
|
|
1,000 |
|
|
|
- |
|
|
|
2,845,318,757 |
|
|
$ | 28,453 |
|
|
$ | 27,894,312 |
|
|
$ | (683 | ) |
|
$ | (25,453,045 | ) |
|
$ | 2,469,037 |
|
6 |
|
GOLDEN MATRIX GROUP, INC.
|
|||||||||||||||
Consolidated Statements of Cash Flow
|
|||||||||||||||
(Unaudited)
|
|
|
Six months ended
January 31,
|
|
|||||
|
|
2020
|
|
|
2019
|
|
||
|
|
|
|
|
|
|
||
Cash flows from operating activities:
|
|
|
|
|
|
|
||
Net income (loss)
|
|
$ | 984,690 |
|
|
$ | 753,790 |
|
Adjustments to reconcile net income (loss) to cash used in operating activities:
|
|
|
|
|
|
|
|
|
Unrealized loss (gain) on derivative liabilities-note conversion feature
|
|
|
- |
|
|
|
1,899 |
|
Fair value of stock option issued for services
|
|
|
57,224 |
|
|
|
252,682 |
|
Fair value of shares issued for services
|
|
|
- |
|
|
|
2,100 |
|
Amortization expense
|
|
|
385,024 |
|
|
|
3,300 |
|
Loss on extinguishment of debt
|
|
|
- |
|
|
|
106 |
|
Fair value loss on contingent liability-related party
|
|
|
- |
|
|
|
84,082 |
|
Imputed interest
|
|
|
8,771 |
|
|
|
- |
|
Penalty on convertible notes payable
|
|
|
2,000 |
|
|
|
3,300 |
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
(Increase) decrease in accounts receivable
|
|
|
(526,782 | ) |
|
|
(2,743 | ) |
(Increase) decrease in accounts receivable – related party
|
|
|
(60,316 | ) |
|
|
(334,900 | ) |
(Increase) decrease in prepaid expense
|
|
|
- |
|
|
|
1,000 |
|
(Decrease) increase in accounts payable and accrued liabilities
|
|
|
(15,483 | ) |
|
|
35,160 |
|
(Decrease) increase in accounts payable – related party
|
|
|
134,141 |
|
|
|
34,866 |
|
(Decrease) increase in accrued interest
|
|
|
17,454 |
|
|
|
4,696 |
|
Net cash provided by operating activities
|
|
$ | 986,723 |
|
|
$ | 839,338 |
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
Repayments on settlement payable
|
|
|
- |
|
|
|
(167,420 | ) |
Repayments on promissory note
|
|
|
(861,313 | ) |
|
|
- |
|
Net cash (used in) financing activities
|
|
$ | (861,313 | ) |
|
$ | (167,420 | ) |
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents
|
|
|
125,410 |
|
|
|
671,918 |
|
Cash and cash equivalents at beginning of year
|
|
|
1,731,095 |
|
|
|
446,581 |
|
Cash and cash equivalents at end of the quarter
|
|
|
1,856,505 |
|
|
|
1,118,499 |
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
Settlement of derivative liability
|
|
|
- |
|
|
$ | 5,310 |
|
Common stock issued for conversion of debt
|
|
|
- |
|
|
$ | 209,414 |
|
Debt discount from derivative liability
|
|
|
- |
|
|
$ | 3,300 |
|
Settlement payable
|
|
|
- |
|
|
$ | 448,012 |
|
7 |
|
8 |
|
|
|
For the three months ended
|
|
|
For the six months ended
|
|
||||||||||
|
|
January 31,
|
|
|
January 31,
|
|
||||||||||
|
|
2020
|
|
|
2019
|
|
|
2020
|
|
|
2019
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic earnings per common share
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net income available to common shareholders
|
|
$ | 438,802 |
|
|
$ | 421,791 |
|
|
$ | 984,690 |
|
|
$ | 753,790 |
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
2,845,318,757 |
|
|
|
2,835,318,757 |
|
|
|
2,845,318,757 |
|
|
|
2,787,644,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income available to common shareholders
|
|
$ | 438,802 |
|
|
$ | 421,791 |
|
|
$ | 984,690 |
|
|
$ | 753,790 |
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
2,845,318,757 |
|
|
|
2,835,318,757 |
|
|
|
2,845,318,757 |
|
|
|
2,787,644,985 |
|
Preferred shares
|
|
|
1,000 |
|
|
|
1,000 |
|
|
|
1,000 |
|
|
|
1,000 |
|
Warrants/Options
|
|
|
1,325,765,957 |
|
|
|
- |
|
|
|
1,325,765,957 |
|
|
|
- |
|
Convertible debt
|
|
|
8,176,667 |
|
|
|
12,854,167 |
|
|
|
8,176,667 |
|
|
|
12,854,167 |
|
Adjusted weighted average common shares outstanding
|
|
|
4,179,262,381 |
|
|
|
2,848,173,923 |
|
|
|
4,179,262,381 |
|
|
|
2,800,500,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
|
$ | 0.00 |
|
9 |
|
·
|
Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;
|
|
|
·
|
Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable, such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
|
|
|
·
|
Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable.
|
10 |
|
|
|
January 31,
|
|
|
July 31,
|
|
||
|
|
2020
|
|
|
2019
|
|
||
Convertible Note #2
|
|
|
30,000 |
|
|
|
30,000 |
|
Convertible Note #59 - in default
|
|
|
10,000 |
|
|
|
10,000 |
|
Notes payable, principal
|
|
$ | 40,000 |
|
|
$ | 40,000 |
|
Total notes payable, net of discount
|
|
$ | 30,000 |
|
|
$ | 30,000 |
|
Total notes payable, net of discount - in default
|
|
$ | 10,000 |
|
|
$ | 10,000 |
|
11 |
|
12 |
|
13 |
|
|
|
January 31,
|
|
|
January 31,
|
|
||
|
|
2020
|
|
|
2019
|
|
||
Balance, beginning of period
|
|
$ | 15,000 |
|
|
$ | 11,930 |
|
Initial recognition of derivative liability
|
|
|
- |
|
|
|
3,300 |
|
Conversion of derivative liability to Common Stock
|
|
|
- |
|
|
|
- |
|
Mark-to-Market adjustment to fair value
|
|
|
- |
|
|
|
1,899 |
|
(Gain) on settlement agreement
|
|
|
- |
|
|
|
(5,310 | ) |
Balance, end of period
|
|
$ | 15,000 |
|
|
$ | 11,819 |
|
14 |
|
15 |
|
16 |
|
17 |
|
18 |
|
19 |
|
20 |
|
21 |
|
22 |
|
23 |
|
24 |
|
25 |
|
26 |
|
Number
|
|
Exhibit Description
|
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
||
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
27 |
|
GOLDEN MATRIX GROUP
, INC
|
|
||
|
|
|
|
Dated: March 3, 2020
|
/s/ Anthony Goodman
|
|
|
Anthony Goodman
|
|
||
President, Chief Executive Officer, Secretary, Treasurer and Chairman
|
|
Dated: March 3, 2020
|
By:
|
/s/ Anthony Goodman
|
|
Anthony Goodman
- Its: Chief Executive Officer
|
|
||
|
|
|
|
Dated: March 3, 2020
|
By:
|
/s/ Weiting Feng
|
|
|
Weiting Feng
- Its: Chief Financial Officer
|
|
28 |
1. | I have reviewed this quarterly report on Form 10-Q of Golden Matrix Group, Inc.; |
|
|
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
|
|
3. | Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
|
|
4. | I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
|
a) | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
|
|
|
|
b) | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles; |
|
|
|
|
c) | evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
|
|
|
|
d) | disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
5. | I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
|
a) | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and |
|
|
|
|
b) | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: March 3, 2020 | By: |
/s/ Anthony Goodman
|
|
|
|
President, Chief Executive Officer, Secretary, Treasurer and Chairman |
|
(1) | the Quarterly Report on Form 10-Q of the Company for the period ended January 31, 2020 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and |
|
|
|
|
(2) | the information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of the Company. |
Dated: March 3, 2020
|
By:
|
/s/ Anthony Goodman
|
|
|
Anthony Goodman
|
|
|
|
|
President, Chief Executive Officer,
|
|
|
|
Secretary, Treasurer and Chairman
|
|