Galaxy Gaming, Inc. Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental balance sheet information related to leases is as follows:

	As of March 31, 2019
	Amount		Classification
Finance leases:
Finance lease right-of-use lease assets	$	5,714	Other current assets

Finance lease current liabilities	$	5,718	Other current liabilities

Operating leases:
Operating lease right-of-use lease assets	$	217,925

Operating lease current liabilities	$	196,613	Current portion of operating lease liabilities

Operating lease long-term liabilities		31,101	Long-term operating lease liabilities

Total operating lease liabilities	$	227,714

Weighted-average remaining lease term :
Finance leases	0.2 years
Operating leases	1.1 years

Weighted-average discount rate:
Finance leases		5.5%
Operating leases		5.9%

The components of lease expense are as follows:

	Three Months Ended March 31, 2019
	Amount		Classification
Finance lease cost:
Amortization of right-of-use assets	$	8,571	Depreciation and amortization
Interest on lease liabilities		156	Interest expense
Total finance lease cost	$	8,727

Operating lease cost	$	63,709	General selling, general and administrative expense

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31, 2019
	Amount		Classification
Cash paid for amounts included in the measure of lease liabilities:
Operating Cash flows from finance leases	$	156	Net income
Financing cash flows from finance leases	$	8,481	Principal payments on finance lease obligations
Operating Cash flows from operating leases	$	63,709	Net income

Right-of-use assets obtained in exchange for lease liabilities:
Finance leases	$	14,286	Supplemental cash flow information
Operating leases	$	279,065	Supplemental cash flow information

As of March 31, 2019, future maturities of our lease liabilities are as follows: