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

Quarterly report pursuant to sections 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment, recorded at cost, consisted of the following at:

	March 31, 2013			December 31, 2012
Computer equipment	$	54,308		$	51,516
Furniture and fixtures		73,771			73,772
Office equipment		10,320			10,320
Leasehold improvements		6,367			6,367
		144,766			141,975
Less: accumulated depreciation		(103,092	)		(98,576	)
	$	41,674		$	43,399

Included in depreciation expense was $4,516 and $4,265 for the three months ended March 31, 2013 and 2012, 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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