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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

NOTES PAYABLE (Details Narrative)

v3.7.0.1

NOTES PAYABLE (Details Narrative) £ in Millions			12 Months Ended
NOTES PAYABLE (Details Narrative) £ in Millions	Oct. 31, 2011 USD ($)	Oct. 31, 2011 GBP (£)	Dec. 31, 2016 USD ($)	Jan. 01, 2017 USD ($)	Aug. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount			$ 11,207,472			$ 12,727,605
Loss on extinguishment of debt			$ (515,037)
Note Payable, Unrelated Party
Debt Instrument [Line Items]
Aggregate principal amount						$ 11,577,858
Note Payable, Unrelated Party \| Prime Table Games LLC
Debt Instrument [Line Items]
Fair value of the notes payable	$ 1,530,000
Effective interest rate			7.00%			6.00%
Loss on extinguishment of debt			$ (515,037)
Term Loan Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount			$ 10,500,000		$ 10,500,000
Debt instrument, interest rate during period			14.00%
Debt instrument, interest rate for quarterly period			12.50%
Maturity date			Aug. 29, 2021
Percentage of proceeds from disposition of asset			100.00%
Percentage of proceeds from sale and issuance of capital stock			25.00%
Term Loan Credit Facility \| Subsequent Event
Debt Instrument [Line Items]
Quarterly principal payments of borrowings plus accrued interest				$ 262,500
Promissory Note Payable One \| Note Payable, Unrelated Party \| Prime Table Games LLC
Debt Instrument [Line Items]
Promissory note payable	12,200,000
Promissory Note Payable Two \| Note Payable, Unrelated Party \| Prime Table Games LLC
Debt Instrument [Line Items]
Promissory note payable	$ 10,000,000	£ 6.4

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