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

GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

NOTE 4. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill. The carrying value of goodwill at March 31, 2024 was $1,091,000.

Other intangible assets, net. Other intangible assets, net consisted of the following at:


	March 31,			December 31,
	2024			2023
Patents	$	13,508,153		$	13,507,799
Customer relationships		14,040,856			14,040,856
Trademarks		2,880,967			2,880,967
Intellectual property		2,000,000			2,000,000
Non-compete agreements		660,000			660,000
Software		1,601,919			1,432,397
Other intangible assets, gross		34,691,895			34,522,019
Less: accumulated amortization		(22,251,912	)		(21,766,284	)
Other intangible assets, net	$	12,439,983		$	12,755,735

For the three months ended March 31, 2024 and 2023, amortization expense related to other intangible assets was $485,330 and $478,331, respectively.