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)

9 Months Ended

Sep. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Options Pricing

	Options Issued Nine Months Ended September 30, 2021			Options Issued Nine Months Ended September 30, 2020
Dividend yield		0	%		0	%
Expected volatility	61.12% - 68.74%			70.98% - 76.97%
Risk-free interest rate	0.48% - 0.98%			0.27% - 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		90,000			3.38		—			—
Exercised		(219,166	)		0.41		(740,953	)		—
Forfeited or expired		(42,000	)		1.04		—			—
Outstanding – September 30, 2021		2,810,834		$	1.20	$	8,793,377			1.83
Exercisable – September 30, 2021		2,095,833		$	1.00	$	6,980,567			1.34

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		90,000			3.38		—		—
Vested		(178,333	)		1.59		—		—
Forfeited		(41,666	)		1.04		—		—
Unvested – September 30, 2021		715,001		$	1.79	$	1,812,810		3.27

- References

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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.

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