Galaxy Gaming, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

STOCK-BASED COMPENSATION (Tables)

v3.25.1

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Options Pricing


	Options Issued For the Twelve Months Ended December 31, 2024	Options Issued For the Twelve Months Ended December 31, 2023
Dividend yield	0%	0%
Expected volatility	61.62% - 62.71%	55.56% - 62.43%
Risk-free interest rate	4.17% - 4.56%	3.82% - 4.66%
Expected life (years)	5.0	5.0

Summary of Stock Option Activity

A summary of stock option activity is as follows:


	Common Stock Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding -- December 31, 2023		1,540,001		$	2.70		3.0	$	(1,233,541	)
Granted	440,000				1.55		-		—
Exercised		(38,333	)		1.46		-		—
Forfeited or expired		(366,667	)		2.63		-		—
Outstanding -- December 31, 2024		1,575,001			2.43		3.1	$	1,144,030
Exercisable -- December 31, 2024	718,326			$	3.04		2.1	$	311,690

Summary of Unvested Stock Option Activity

A summary of unvested stock option activity is as follows:


	Common Stock Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Unvested – December 31, 2023		798,344		$	2.73		2.0	$	(662,626	)
Granted	440,000				1.55		—		—
Vested		(321,667	)		3.17		—		—
Forfeited		(60,002	)		3.44		—		—
Unvested - December 31, 2024		856,675		$	1.91		2.3	$	832,340

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