Galaxy Gaming, Inc. Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and finite-lived Intangible assets, net consisted of the following at December 31, 2017 and 2016:

	2017			2016
Goodwill	$	1,091,000		$	1,091,000
Finite-lived intangible assets:
Patents		13,475,000			13,475,000
Customer relationships		3,400,000			3,400,000
Trademarks		2,880,967			2,880,967
Non-compete agreements		660,000			660,000
Internally-developed software		102,968			—
Other intangible assets, gross		20,518,935			20,415,967
Less: accumulated amortization		(10,157,126	)		(8,660,948	)
Other intangible assets, net		10,361,809			11,755,019
Goodwill and other intangible assets, net	$	11,452,809		$	12,846,019

Estimated amortization expense to be recorded for the twelve months ending 2018 through 2022 and thereafter are as follows: