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

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2016

Intangible assets consisted of the following at December 31, 2016 and 2015:

	2016			2015
Goodwill	$	1,091,000		$	1,091,000
Finite-lived intangible assets:
Patents		13,615,967			13,615,967
Customer relationships		3,400,000			3,400,000
Trademarks		2,740,000			2,740,000
Non-compete agreements		660,000			660,000
Licensing agreements		—			35,000
Other intangible assets, gross		20,415,967			20,450,967
Less: accumulated amortization		(8,660,948	)		(7,189,331	)
Other intangible assets, net		11,755,019			13,261,636
Goodwill and other intangible assets, net	$	12,846,019		$	14,352,636

Estimated amortization expense to be recorded for the twelve months ending 2017 through 2021 and thereafter are as follows:

Twelve Months Ending December 31,	Annual Amortization
2017	$	1,473,295
2018		1,464,551
2019		1,464,551
2020		1,446,218
2021		1,395,081
Thereafter		4,511,323
Total amortization	$	11,755,019