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

Annual report pursuant to section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following at December 31, 2012 and 2011:

	2012			2011
Computer equipment	$	51,516		$	43,845
Furniture and fixtures		73,772			62,976
Office equipment		10,320			10,320
Leasehold improvements		6,367			6,367
		141,975			123,508
Less: accumulated depreciation		(98,576	)		(80,871	)
Property and equipment, net	$	43,399		$	42,637

Included in depreciation expense was $17,705 and $22,412 related to property and equipment for the years ended December 31, 2012 and 2011, respectively.

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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