Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v2.4.1.9
Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net income $ 21,888us-gaap_NetIncomeLoss $ 563,317us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 109,809us-gaap_Depreciation 45,562us-gaap_Depreciation
Amortization expense 1,561,631us-gaap_AmortizationOfIntangibleAssets 1,588,905us-gaap_AmortizationOfIntangibleAssets
Amortization of debt discount 208,632us-gaap_AmortizationOfDebtDiscountPremium 208,632us-gaap_AmortizationOfDebtDiscountPremium
Provision for income taxes 139,745us-gaap_IncomeTaxExpenseBenefit 69,767us-gaap_IncomeTaxExpenseBenefit
Share-based compensation 323,759us-gaap_ShareBasedCompensation 5,805us-gaap_ShareBasedCompensation
Impairment of intangible assets 528,233us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 150,000us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
Changes in operating assets and liabilities:    
Decrease (increase) in restricted cash 136,503us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (27,452)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Increase in accounts receivable (199,455)us-gaap_IncreaseDecreaseInAccountsReceivable (246,809)us-gaap_IncreaseDecreaseInAccountsReceivable
Increase in other current assets (12,074)us-gaap_IncreaseDecreaseInOtherCurrentAssets (8,135)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Increase in inventory (11,373)us-gaap_IncreaseDecreaseInInventories (138,997)us-gaap_IncreaseDecreaseInInventories
Increase in prepaid expenses (45,467)us-gaap_IncreaseDecreaseInPrepaidExpense (5,530)us-gaap_IncreaseDecreaseInPrepaidExpense
Increase in other long-term assets (41,794)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets  
Increase (decrease) in accounts payable 276,727us-gaap_IncreaseDecreaseInAccountsPayable (45,260)us-gaap_IncreaseDecreaseInAccountsPayable
Increase in accrued expenses 198,209us-gaap_IncreaseDecreaseInAccruedLiabilities 70,345us-gaap_IncreaseDecreaseInAccruedLiabilities
(Decrease) increase in income taxes payable (11,783)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 34,655us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Increase in deferred revenue 120,703us-gaap_IncreaseDecreaseInDeferredRevenue 86,580us-gaap_IncreaseDecreaseInDeferredRevenue
(Decrease) increase in jackpot liabilities (135,162)glxz_IncreaseDecreaseInJackpotLiabilities 24,413glxz_IncreaseDecreaseInJackpotLiabilities
Increase in deferred rent 56,242glxz_IncreaseDecreaseInDeferredRent  
Cash flows from investing activities:    
Acquisition of property and equipment (76,716)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (22,653)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition of intangible assets (35,000)us-gaap_PaymentsToAcquireIntangibleAssets  
Payments received on note receivable   4,963us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties
Net cash used in investing activities (111,716)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (17,690)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Principal payments on capital leases (40,223)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations  
Principal payments on notes payable (2,937,709)us-gaap_RepaymentsOfLongTermDebt (2,323,599)us-gaap_RepaymentsOfLongTermDebt
Effect of exchange rate changes on cash (13,643)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 5,569us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Cash and cash equivalents – beginning of year 438,502us-gaap_CashAndCashEquivalentsAtCarryingValue 398,424us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents – end of year 560,184us-gaap_CashAndCashEquivalentsAtCarryingValue 438,502us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow information:    
Cash paid for interest 880,947us-gaap_InterestPaid 825,486us-gaap_InterestPaid
Supplemental non-cash investing and financing activities information    
Assets acquired under capital leases 243,700glxz_AssetsAcquiredByCapitalLease  
Assets acquired under note payable 86,634glxz_AssetsAcquiredUnderNotePayable  
Inventory transferred to leased assets 76,064glxz_IncreaseDecreaseInInventoryTransferredLeasedAssets 59,288glxz_IncreaseDecreaseInInventoryTransferredLeasedAssets
Effect of exchange rate on note payable in foreign currency $ 396,083glxz_EffectOfExchangeRateOnNotePayableInForeignCurrency $ 79,030glxz_EffectOfExchangeRateOnNotePayableInForeignCurrency