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

LONG-TERM DEBT AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2021

Long-term debt and liabilities consisted of the following at December 31, 2021 and 2020:

	2021			2020
Fortress credit agreement	$	60,000,000		$	—
Nevada State Bank credit agreement		—			8,413,184
Main Street Priority Loan		—			4,000,000
Redemption Consideration Obligation		—			39,096,401
Vehicle notes payable		—			22,614
Insurance notes payable		500,369			519,194
Long-term debt, gross		60,500,369			52,051,393
Less: Unamortized debt issuance costs		(7,256,190	)		(137,817	)
Long-term liabilities, net of debt issuance costs		53,244,179			51,913,576
Less: Current portion		(1,100,369	)		(2,222,392	)
Long-term debt, net	$	52,143,810		$	49,691,184

As of December 31, 2021, future maturities of our long-term obligations are as follows: