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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

LONG-TERM DEBT (Details Narrative)

v3.8.0.1

LONG-TERM DEBT (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended	12 Months Ended
LONG-TERM DEBT (Details Narrative) - USD ($)	Aug. 11, 2017	Aug. 31, 2016	Dec. 31, 2017	Dec. 31, 2017	Jan. 01, 2017	Dec. 31, 2016	Aug. 29, 2016
Debt Instrument [Line Items]
Aggregate principal amount			$ 9,648,045	$ 9,648,045		$ 11,207,472
Notes Payable, Related Party
Debt Instrument [Line Items]
Aggregate principal amount						509,135
Maturity date				Dec. 31, 2018
Annual principal and interest payments				$ 109,908
Note payable, Frequency of periodic payment				annual
Fixed interest rate			7.30%	7.30%
Balloon payment			$ 354,480	$ 354,480
Notes payable, repayment date				Aug. 11, 2017
Repayment of outstanding principal along with accrued and unpaid interest	$ 459,683
Warrant Agreement
Debt Instrument [Line Items]
Warrants issued, number of shares of common stock							1,965,780
Term Loan
Debt Instrument [Line Items]
Aggregate principal amount		$ 10,500,000	$ 9,450,000	$ 9,450,000		$ 10,500,000
Debt instrument, interest rate during period				14.00%
Debt instrument, interest rate for quarterly period			12.50%	12.50%
Quarterly principal payments of borrowings plus accrued interest					$ 262,500
Maturity date				Aug. 29, 2021
Percentage of proceeds from disposition of asset				100.00%
Percentage of proceeds from sale and issuance of capital stock				25.00%
Term Loan \| Warrant Agreement
Debt Instrument [Line Items]
Warrants purchase period		6 years		6 years
Warrants issued, number of shares of common stock		1,965,780
Estimated fair value of warrants on grant date		$ 809,632

- Definition

Debt instrument interest rate for quarterly period.

+ References

No definition available.

+ Details

Name:	glxz_DebtInstrumentInterestRateForQuarterlyPeriod
Namespace Prefix:	glxz_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Debt instrument repayment date.

+ References

No definition available.

+ Details

Name:	glxz_DebtInstrumentRepaymentDate
Namespace Prefix:	glxz_
Data Type:	xbrli:dateItemType
Balance Type:	na
Period Type:	duration

- Definition

Estimated fair value of warrants on grant date.

+ References

No definition available.

+ Details

Name:	glxz_EstimatedFairValueOfWarrantsOnGrantDate
Namespace Prefix:	glxz_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Percentage of proceeds from disposition of asset.

+ References

No definition available.

+ Details

Name:	glxz_PercentageOfProceedsFromDispositionOfAsset
Namespace Prefix:	glxz_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Percentage of Proceeds from sale and issuance of capital stock

+ References

No definition available.

+ Details

Name:	glxz_PercentageOfProceedsFromSaleAndIssuanceOfCapitalStock
Namespace Prefix:	glxz_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Quarterly principal payments of borrowings plus accrued interest.

+ References

No definition available.

+ Details

Name:	glxz_QuarterlyPrincipalPaymentsOfBorrowingsPlusAccruedInterest
Namespace Prefix:	glxz_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Warrants purchase period.

+ References

No definition available.

+ Details

Name:	glxz_WarrantsPurchasePeriod
Namespace Prefix:	glxz_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

- Definition

Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(i)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

- Definition

Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(16))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

Name:	us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Description of the frequency of periodic payments (monthly, quarterly, annual).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DebtInstrumentFrequencyOfPeriodicPayment
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

The average effective interest rate during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DebtInstrumentInterestRateDuringPeriod
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_DebtInstrumentLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

+ References

+ Details

Name:	us-gaap_DebtInstrumentMaturityDate
Namespace Prefix:	us-gaap_
Data Type:	xbrli:dateItemType
Balance Type:	na
Period Type:	duration

- Definition

Amount of the required periodic payments including both interest and principal payments.

+ References

+ Details

Name:	us-gaap_DebtInstrumentPeriodicPayment
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt.

+ References

No definition available.

+ Details

Name:	us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate.

+ References

+ Details

Name:	us-gaap_LongTermDebtPercentageBearingFixedInterestRate
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

- Definition

The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3291-108585

+ Details

Name:	us-gaap_RepaymentsOfRelatedPartyDebt
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Details

Name:	us-gaap_LongtermDebtTypeAxis=glxz_NotesPayableRelatedPartyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_StatementEquityComponentsAxis=us-gaap_WarrantMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DebtInstrumentAxis=glxz_TermLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: