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

SHARE-BASED COMPENSATION (Tables)

v3.21.2

SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Options Pricing

	Options Issued Six Months ended June 30, 2021			Options Issued Six Months ended June 30, 2020
Dividend yield		0	%		0	%
Expected volatility	63.50% - 68.74%				70.98	%
Risk-free interest rate	0.48% - 0.87%				1.39	%
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, 2020		2,982,000		$	1.08	$	2,101,780			2.35
Issued		60,000			2.90		—			—
Exercised		(100,000	)		0.27		(285,925	)		—
Forfeited or expired		(42,000	)		1.04		—			—
Outstanding – June 30, 2021		2,900,000		$	1.14	$	7,275,000			1.99
Exercisable – June 30, 2021		2,051,667		$	0.93	$	5,588,442			1.35

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, 2020		845,000		$	1.55	$	197,608		3.83
Granted		60,000			2.90		—		—
Vested		(15,000	)		1.82		—		—
Forfeited		(41,666	)		1.04		—		—
Unvested – June 30, 2021		848,334		$	1.66	$	1,686,559		3.52

- 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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-Topic 718
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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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