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

Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS OPTIONS AND GRANTS (Tables)

STOCK WARRANTS OPTIONS AND GRANTS (Tables)

9 Months Ended

Sep. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

	Options Issued Nine Months Ended September 30, 2016		Options Issued Nine Months Ended September 30, 2015
Dividend yield		0%		0%
Expected volatility	89% - 90%		84% - 85%
Risk free interest rate	1.01% - 1.22%		1.37% - 1.63%
Expected life (years)		5.00		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, 2015		381,250	$	0.36
Issued		675,000		0.23
Exercised		—		—
Expired		—		—
Outstanding – December 31, 2015		1,056,250	$	0.28
Issued		427,500		0.33
Exercised		—		—
Expired		—		—
Outstanding – September 30, 2016		1,483,750	$	0.29
Exercisable – September 30, 2016		1,143,750	$	0.30

Summary of Warrant Activity

A summary of warrant activity is as follows:

	Common stock warrants		Weighted-average exercise price
Outstanding – December 31, 2015		—		—
Issued		1,965,780		0.30
Exercised		—		—
Expired		—		—
Outstanding – September 30, 2016		1,965,780	$	0.30
Exercisable – September 30, 2016		—	$	—

- 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.

+ References + Details