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

INVENTORY, NET (Tables)

12 Months Ended

Dec. 31, 2016

Inventory consisted of the following as of December 31, 2016 and 2015:

	2016			2015
Raw materials and component parts	$	171,478		$	231,709
Work-in-process		151,671			39,463
Finished goods		128,956			170,528
Inventory, gross		452,105			441,700
Less: inventory reserve		(25,000	)		(30,000	)
Inventory, net	$	427,105		$	411,700