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

LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental balance sheet information related to leases is as follows:

	As of December 31, 2020
	Amount			Classification
Operating leases:
Operating lease right-of-use lease assets	$	1,367,821

Operating lease current liabilities	$	195,411		Current portion of operating lease liabilities

Operating lease long-term liabilities		1,215,680		Long-term operating lease liabilities

Total operating lease liabilities	$	1,411,091

Weighted-average remaining lease term:
Operating leases	5.9 years

Weighted-average discount rate:
Operating leases		4.2	%

The components of lease expense are as follows:

	Year Ended December 31, 2020
	Amount		Classification
Operating lease cost	$	350,052	Selling, general and administrative expense

Supplemental cash flow information related to leases is as follows:

	Year Ended December 31, 2020
	Amount		Classification
Cash paid for amounts included in the measure of lease liabilities:
Operating cash flows from operating leases	$	287,582	Net income

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	1,390,002	Supplemental cash flow information

As of December 31, 2020, future maturities of our operating lease liabilities are as follows: