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

Six Months Ended June 30, 2020

Classification

Cash paid for amounts included in the

measurement of lease liabilities:

Operating cash flows from operating leases

Net income

LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Supplemental balance sheet information related to leases is as follows:

	As of June 30, 2020
	Amount			Classification
Operating leases:
Operating lease right-of-use lease assets	$	168,559

Operating lease current liabilities	$	151,330		Current portion of operating lease liabilities

Operating lease long-term liabilities		17,650		Long-term operating lease liabilities

Total operating lease liabilities	$	168,980

Weighted-average remaining lease term:
Operating leases	0.8 years

Weighted-average discount rate:
Operating leases		5.6	%

The components of lease expense are as follows:

	Three Months Ended June 30, 2020
	Amount		Classification
Operating lease cost	$	71,715	Selling, general and administrative expense

	Six Months Ended June 30, 2020
	Amount		Classification
Operating lease cost	$	143,426	Selling, general and administrative expense

Supplemental cash flow information related to leases is as follows:

As of June 30, 2020, future maturities of our operating lease liabilities are as follows: