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

Annual report pursuant to Section 13 and 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)

v3.22.1

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Options Pricing

	Options Issued For the Twelve Months Ended December 31, 2021		Options Issued For the Twelve Months Ended December 31, 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		(1,094,998	)	$	0.82	$	(3,166,433	)		—
Forfeited or expired		(42,000	)	$	1.04		—			—
Outstanding – December 31, 2021		1,935,002		$	1.33	$	4,788,314			1.87
Exercisable – December 31, 2021		1,458,001		$	1.12	$	3,914,356			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		90,000		$	3.38		—		—
Vested		(416,333	)	$	1.51		—		—
Forfeited		(41,666	)	$	1.04		—		—
Unvested – December 31, 2021		477,001		$	1.97	$	873,958		3.45

- 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.

+ References

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