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

Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

STOCK OPTIONS AND WARRANTS (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

A summary of current warrant activity is as follows:

	Common Stock Warrants			Weighted Average Exercise Price
Outstanding – January 1, 2014		616,667		$	0.56
Issued		—			—
Exercised		—			—
Expired		(616,667	)		0.56
Outstanding – December 31, 2014		—			—
Issued		—			—
Exercised		—			—
Expired		—			—
Outstanding – March 31, 2015		—		$	—
Exercisable – March 31, 2015		—		$	—

Summary of Stock Options Pricing

	Options Issued Three Months Ended March 31, 2015
Dividend yield		0	%
Expected volatility	84		%
Risk free interest rate		1.41	%
Expected life (years)		5.00

Summary of Stock Option Activity

A summary of stock option activity is as follows:

	Common Stock Options		Weighted Average Exercise Price
Outstanding – January 1, 2014		100,000	$	0.25
Issued		281,250		0.41
Exercised		—		—
Expired		—		—
Outstanding – December 31, 2014		381,250	$	0.41
Issued		187,500		0.32
Exercised		—		—
Expired		—		—
Outstanding – March 31, 2015		568,750	$	0.35
Exercisable – March 31, 2015		460,416	$	0.35

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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