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

LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental balance sheet information related to leases is as follows:

	As of June 30, 2019
	Amount			Classification
Operating leases:
Operating lease right-of-use lease assets	$	162,303

Operating lease current liabilities	$	142,130		Current portion of operating lease liabilities

Operating lease long-term liabilities		27,114		Long-term operating lease liabilities

Total operating lease liabilities	$	169,244

Weighted-average remaining lease term:
Operating leases	1.1 years

Weighted-average discount rate:
Operating leases		5.9	%

The components of lease expense are as follows:

	Three Months Ended June 30, 2019
	Amount		Classification
Finance lease cost:
Amortization of right-of-use assets	$	5,714	Depreciation and amortization
Interest on lease liabilities		40	Interest expense
Total finance lease cost	$	5,754

Operating lease cost	$	65,222	Selling, general and administrative expense

	Six Months Ended June 30, 2019
	Amount		Classification
Finance lease cost:
Amortization of right-of-use assets	$	14,286	Depreciation and amortization
Interest on lease liabilities		195	Interest expense
Total finance lease cost	$	14,481

Operating lease cost	$	128,931	Selling, general and administrative expense

Supplemental cash flow information related to leases is as follows:


	Six Months Ended June 30, 2019
	Amount		Classification
Cash paid for amounts included in the measure of lease liabilities:
Operating Cash flows from finance leases	$	195	Net income
Financing cash flows from finance leases	$	14,198	Principal payments on finance lease obligations
Operating Cash flows from operating leases	$	128,931	Net income

Right-of-use assets obtained in exchange for lease liabilities:
Finance leases	$	14,286	Supplemental cash flow information
Operating leases	$	285,616	Supplemental cash flow information

As of June 30, 2019, future maturities of our operating lease liabilities are as follows: