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

Three Months Ended March 31, 2021

Classification

Operating lease cost

Selling, general and administrative expense

LEASES (Tables)

3 Months Ended

Mar. 31, 2021

Supplemental balance sheet information related to leases is as follows:

	As of March 31, 2021
	Amount			Classification
Operating leases:
Operating lease right-of-use lease assets	$	1,311,349

Operating lease current liabilities	$	213,531		Current portion of operating lease liabilities

Operating lease long-term liabilities		1,163,743		Long-term operating lease liabilities

Total operating lease liabilities	$	1,377,274

Weighted-average remaining lease term:
Operating leases	5.6 years

Weighted-average discount rate:
Operating leases		4.2	%

The components of lease expense are as follows:

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31, 2021
	Amount		Classification
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	69,828	Net income

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	—	Supplemental cash flow information

As of March 31, 2021, future maturities of our operating lease liabilities are as follows: