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

LEASES (Tables)

6 Months Ended

Jun. 30, 2021

Supplemental balance sheet information related to leases is as follows:

	As of June 30, 2021
	Amount			Classification
Operating leases:
Operating lease right-of-use lease assets	$	1,259,803

Operating lease current liabilities	$	217,927		Current portion of operating lease liabilities

Operating lease long-term liabilities		1,111,258		Long-term operating lease liabilities

Total operating lease liabilities	$	1,329,185

Weighted-average remaining lease term:
Operating leases	5.4 years

Weighted-average discount rate:
Operating leases		4.2	%

The components of lease expense are as follows:

	Three Months Ended June 30, 2021
	Amount		Classification
Operating lease cost	$	70,782	Selling, general and administrative expense

	Six Months Ended June 30, 2021
	Amount		Classification
Operating lease cost	$	140,610	Selling, general and administrative expense

Supplemental cash flow information related to leases is as follows:

	Six Months Ended June 30, 2021
	Amount		Classification
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	115,684	Net income

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	5,312	Supplemental cash flow information

As of June 30, 2021, future maturities of our operating lease liabilities are as follows: