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

Quarterly report pursuant to Section 13 or 15(d)

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

LONG-TERM DEBT - Schedule of Long-term Debt (Details)

v3.5.0.2

LONG-TERM DEBT - Schedule of Long-term Debt (Details) - USD ($)	Sep. 30, 2016	Aug. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term debt, gross	$ 11,085,504		$ 12,727,605
Unamortized debt issuance costs	(369,236)
Warrants issued	(809,632)
Debt discount			(643,314)
Long-term Debt	9,906,636		12,084,291
Less: Current portion	(878,401)		(4,648,120)
Total long-term debt	9,028,235		7,436,171
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	10,500,000	$ 10,500,000
Note Payable, Unrelated Party
Debt Instrument [Line Items]
Long-term debt, gross			11,577,858
Notes Payable, Related Party
Debt Instrument [Line Items]
Long-term debt, gross	527,102		1,079,083
Equipment Notes Payable
Debt Instrument [Line Items]
Long-term debt, gross	$ 58,402		$ 70,664

- Definition

Warrants issued.

+ References

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount, after accumulated amortization, of debt discount.

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-Name Accounting Standards Codification
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-SubTopic 30
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Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset.

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