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

Quarterly report pursuant to Section 13 or 15(d)

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

STOCK OPTIONS (Tables)

v3.20.1

STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Options Pricing

	Options Issued 2020			Options Issued 2019
Dividend yield		0	%		0	%
Expected volatility		70.98	%		72.00	%
Risk free interest rate		1.39	%		2.51	%
Expected life (years)		5.00			5.00

Summary of Stock Option Activity

A summary of stock option activity is as follows:

	Common Stock Options			Weighted- Average Exercise Price		Aggregate Intrinsic Value			Weighted- Average Remaining Contractual Term (Years)
Outstanding – December 31, 2019		3,175,000		$	0.92	$	2,692,025			2.79
Issued		225,000			1.93		—			—
Exercised		(25,000	)		0.30		—			—
Forfeited		—			—		—			—
Outstanding – March 31, 2020		3,375,000		$	0.99	$	(469,850	)		2.71
Exercisable – March 31, 2020		2,096,667		$	0.67	$	379,217			2.00

Summary of Unvested Stock Option Activity

A summary of unvested stock option activity is as follows:

	Common Stock Options		Weighted- Average Exercise Price		Aggregate Intrinsic Value			Weighted- Average Remaining Contractual Term (Years)
Unvested – December 31, 2019		1,053,333	$	1.43	$	357,734			3.92
Granted		225,000		1.93		—			—
Vested		—		—		—			—
Forfeited		—		—		—			—
Unvested – March 31, 2020		1,278,333	$	1.51	$	(849,066	)		3.88

- References

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-Name Accounting Standards Codification
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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