2015 Q1 Form 10-K Financial Statement

#000156459015002286 Filed on March 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014
Revenue $2.584M $2.600M $9.845M
YoY Change 14.34% 16.07% 19.79%
Cost Of Revenue $23.29K $20.00K $80.53K
YoY Change 16.45% -33.33% -24.05%
Gross Profit $2.561M $2.580M $9.765M
YoY Change 13.81% 16.74% 20.36%
Gross Profit Margin 99.1% 99.23% 99.18%
Selling, General & Admin $1.579M $1.750M $5.537M
YoY Change 30.5% 65.09% 31.48%
% of Gross Profit 61.66% 67.83% 56.71%
Research & Development $153.0K $130.0K $472.6K
YoY Change 39.08% 8.33% 0.55%
% of Gross Profit 5.97% 5.04% 4.84%
Depreciation & Amortization $41.29K $430.0K $109.8K
YoY Change -89.68% 2.38% 141.01%
% of Gross Profit 1.61% 16.67% 1.12%
Operating Expenses $1.732M $2.320M $5.537M
YoY Change 0.7% 45.91% 31.48%
Operating Profit $390.5K $260.0K $1.231M
YoY Change -25.19% -58.06% -25.09%
Interest Expense $279.9K -$250.0K $1.093M
YoY Change -1.16% 0.0% 5.72%
% of Operating Profit 71.69% -96.15% 88.78%
Other Income/Expense, Net -$274.1K -$1.070M
YoY Change -1.28% 5.83%
Pretax Income $116.5K -$520.0K $161.6K
YoY Change -52.35% -240.54% -74.47%
Income Tax $53.60K -$190.0K $139.7K
% Of Pretax Income 46.02% 86.46%
Net Earnings $62.86K -$330.0K $21.89K
YoY Change -58.42% -182.5% -96.11%
Net Earnings / Revenue 2.43% -12.69% 0.22%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 -$8.556K $568.30
COMMON SHARES
Basic Shares Outstanding 38.99M
Diluted Shares Outstanding 39.02M 38.52M

Balance Sheet

Concept 2015 Q1 2014 Q4 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.0K $560.0K $560.2K
YoY Change -27.78% 27.27% 27.31%
Cash & Equivalents $260.6K $560.2K $560.2K
Short-Term Investments
Other Short-Term Assets $320.0K $62.58K $402.5K
YoY Change -25.58% 23.9% 15.0%
Inventory $230.0K $232.8K $232.8K
Prepaid Expenses $80.44K
Receivables $1.460M $1.473M $1.473M
Other Receivables $380.0K $390.0K $383.3K
Total Short-Term Assets $2.650M $2.948M $2.948M
YoY Change 9.05% 23.59% 23.33%
LONG-TERM ASSETS
Property, Plant & Equipment $480.0K $510.0K $507.8K
YoY Change 200.0% 292.31% 290.58%
Goodwill $1.091M
YoY Change 0.0%
Intangibles $14.76M
YoY Change -12.22%
Long-Term Investments
YoY Change
Other Assets $90.00K $45.42K $189.0K
YoY Change -81.25% 526.86% -57.04%
Total Long-Term Assets $16.04M $16.54M $16.54M
YoY Change -13.44% -12.2% -12.18%
TOTAL ASSETS
Total Short-Term Assets $2.650M $2.948M $2.948M
Total Long-Term Assets $16.04M $16.54M $16.54M
Total Assets $18.69M $19.49M $19.49M
YoY Change -10.83% -8.17% -8.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $530.0K $518.4K $518.4K
YoY Change 82.76% 114.44% 116.01%
Accrued Expenses $460.0K $519.2K $519.2K
YoY Change 39.39% 61.03% 62.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.650M $3.481M $3.547M
YoY Change 17.74% 18.8% 21.06%
Total Short-Term Liabilities $5.490M $5.367M $5.367M
YoY Change 18.57% 24.74% 24.8%
LONG-TERM LIABILITIES
Long-Term Debt $11.00M $12.06M $12.19M
YoY Change -26.08% -22.96% -22.09%
Other Long-Term Liabilities $60.00K $60.00K $56.24K
YoY Change
Total Long-Term Liabilities $11.06M $12.06M $12.25M
YoY Change -25.67% -22.96% -21.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.490M $5.367M $5.367M
Total Long-Term Liabilities $11.06M $12.06M $12.25M
Total Liabilities $16.55M $17.62M $17.62M
YoY Change -15.22% -11.69% -11.7%
SHAREHOLDERS EQUITY
Retained Earnings -$980.3K
YoY Change -2.18%
Common Stock $2.883M
YoY Change 21.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.140M $1.876M $1.876M
YoY Change
Total Liabilities & Shareholders Equity $18.69M $19.49M $19.49M
YoY Change -10.83% -8.19% -8.19%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014
OPERATING ACTIVITIES
Net Income $62.86K -$330.0K $21.89K
YoY Change -58.42% -182.5% -96.11%
Depreciation, Depletion And Amortization $41.29K $430.0K $109.8K
YoY Change -89.68% 2.38% 141.01%
Cash From Operating Activities $580.0K $970.0K $3.225M
YoY Change -10.77% 11.49% 35.5%
INVESTING ACTIVITIES
Capital Expenditures $7.895K -$40.00K $76.72K
YoY Change -25.65% 238.66%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$10.00K -$40.00K -$111.7K
YoY Change 0.0% 458.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $841.2K
YoY Change
Cash From Financing Activities -860.0K -760.0K -2.978M
YoY Change 19.44% 22.58% 28.36%
NET CHANGE
Cash From Operating Activities 580.0K 970.0K 3.225M
Cash From Investing Activities -10.00K -40.00K -111.7K
Cash From Financing Activities -860.0K -760.0K -2.978M
Net Change In Cash -290.0K 170.0K 135.3K
YoY Change 262.5% -32.0% 238.3%
FREE CASH FLOW
Cash From Operating Activities $580.0K $970.0K $3.225M
Capital Expenditures $7.895K -$40.00K $76.72K
Free Cash Flow $572.1K $1.010M $3.148M
YoY Change -10.52% 16.09% 33.55%

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<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOTE 1. NATURE OF OPERATIONS </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unless the context indicates otherwise, references to &#8220;Galaxy Gaming,&#160;Inc.,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or the &#8220;Company,&#8221; refer to Galaxy Gaming, Inc., a publicly reporting Nevada corporation (&#8220;Galaxy Gaming&#8221;). &#8220;GGLLC&#8221; refers to Galaxy Gaming, LLC, a Nevada limited liability company that was a predecessor of our business but is not directly associated with Galaxy Gaming, Inc. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">History of business entities.<font style="font-weight:normal;font-style:normal;"> A prior corporation, also named Galaxy Gaming, Inc. (&#8220;GGINC&#8221;) was incorporated in the State of Nevada on December&#160;29, 2006, and acquired the business operations of several companies using the &#8220;</font><font style="font-weight:normal;">Galaxy Gaming</font><font style="font-weight:normal;font-style:normal;">&#8221; moniker. Pursuant to these agreements, GGLLC sold selected assets, such as inventory and fixed assets, to GGINC.&#160;On January&#160;1, 2007, GGLLC entered into several agreements with GGINC. On December&#160;31, 2007, GGINC acquired, through an asset purchase agreement, GGLLC&#8217;s remaining intellectual property including patents, patent applications, trademarks, trademark applications, copyrights, know-how and trade secrets related to the casino gaming services including but not limited to games, side bets, inventions and ideas. GGINC also acquired the existing client base from GGLLC. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Secured Diversified Investment, Ltd.<font style="font-style:normal;"> Secured Diversified Investment, Ltd., a publicly held Nevada corporation (&#8220;SDI&#8221;), was served with an involuntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada, Case No.&#160;08-16332.&#160;The Bankruptcy Court&#8217;s Order for Relief was entered on July&#160;30, 2008.&#160;By order entered January&#160;27, 2009, the Bankruptcy Court confirmed SDI&#8217;s Plan of Reorganization (&#8220;Plan&#8221;). On February&#160;10, 2009, SDI entered into a share exchange agreement with GGINC (the &#8220;Reverse Merger&#8221;). In connection with the Reverse Merger, SDI obtained 100% of the issued and outstanding shares of GGINC and simultaneously GGINC became a wholly owned subsidiary of SDI.&#160;Pursuant to the terms and conditions of the Reverse Merger and the terms of the Plan, SDI issued 25,000,000 shares of common stock pro-rata to the former shareholders of GGINC in exchange for obtaining ownership of 100% of the issued and outstanding shares of GGINC&#8221;).&#160;SDI also issued 4,000,006 shares of new common stock on a pro rata basis to its creditors in exchange for the discharge of its outstanding debts under Chapter 11 of the U.S. Bankruptcy Code.&#160;All of SDI&#8217;s issued and outstanding equity interests existing prior to the Reverse Merger were extinguished and rendered null and void.&#160;Immediately following these events there were 29,000,006 shares of common stock issued and outstanding. Following the closing of the share exchange agreement, SDI discontinued all prior operations and focused exclusively on the business and operations of its wholly owned subsidiary, GGINC.&#160;On September&#160;1, 2009, our Board approved a merger of SDI with its subsidiary, GGINC, pursuant to Nevada Revised Statute. &#167;92A.180 (&#8220;Short Form Merger&#8221;) and the surviving merged company was named &#8220;Galaxy Gaming, Inc.&#8221; </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In October 2011, we executed an asset purchase agreement (&#8220;PTG Agreement&#8221;) with Prime Table Games LLC and Prime Table Games UK (collectively &#8220;Prime Table Games&#8221; or &#8220;PTG&#8221;). Under the terms of the PTG Agreement, we acquired over 20 different table games, including <font style="font-style:italic;">21+3, Two-way Hold&#8217;em</font> and <font style="font-style:italic;">Three Card Poker</font>, which are currently played in over 250 casinos in the United States, the United Kingdom and in the Caribbean (<font style="font-style:italic;">Three Card Poker</font> rights are limited to the British Isles). The intellectual property portfolio includes 36 patents and 11 patents pending, 96 worldwide trademark and design registrations and 47 domain name registrations. We continue to develop products using the intellectual property acquired as a result of this transaction. See Note 17. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Description of business.<font style="font-weight:normal;font-style:normal;"> We are engaged in the business of designing, developing, manufacturing and/or acquiring proprietary casino table games and associated technology, platforms and systems for the global gaming industry. Beginning in 2011, we expanded our product line with the addition of fully automated table games, known as e-Tables and separately, we entered into agreements to license our content for use by internet gaming operators. Casinos use our proprietary products to enhance their gaming floor operations and improve their profitability, productivity and security, as well as offer popular cutting-edge gaming entertainment content and technology to their players. We market our products to land-based, riverboat and cruise ship gaming establishments and to internet gaming companies. The game concepts and the intellectual property associated with these games are typically protected by patents, trademarks and/or copyrights. We market our products primarily via our internal sales force to casinos throughout North America, the Caribbean, the British Isles, Europe, Australia and to cruise ships and internet gaming sites worldwide. We currently have an installed base of our products on over 4,000 gaming tables located in over 500 casinos, which positions us as the second largest provider of proprietary table games in the world. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revenues consist of primarily recurring royalties received from our clients for the licensing of our game content and other products. These recurring revenues generally have few direct costs thereby generating high gross profit margins. In lieu of reporting as <font style="font-style:italic;">gross profit</font>, this amount would be comparable to <font style="font-style:italic;">revenues less cost of ancillary products and assembled components</font> on our financial statements. Additionally, we receive non-recurring revenue from the sale of associated products. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We group our products into three product categories we classify as &#8220;Proprietary Table Games,&#8221; &#8220;Enhanced Table Systems&#8221; and &#8220;e-Tables.&#8221; Our product categories are summarized below. Additional information regarding our products may be found on our web site, www.galaxygaming.com. Information found on the web site should not be considered part of this report. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Proprietary Table Games.<font style="font-weight:normal;font-style:normal;"> We design, develop and deliver our Proprietary Table Games to enhance our casino clients&#8217; table game operations. Casinos use our Proprietary Table Games in lieu of those games in the public domain (e.g. Blackjack, Craps, Roulette, etc.) because of their popularity with players and to increase profitability. Our Proprietary Table Games are grouped into two product types we call &#8220;Side Bets&#8221; and &#8220;Premium Games.&#8221; Side Bets are proprietary features and wagering schemes typically added to public domain games such as poker, baccarat, pai gow poker, craps and blackjack table games. Examples of side bets include such popular titles as </font><font style="font-weight:normal;">Lucky Ladies</font><font style="font-weight:normal;font-style:normal;">, </font><font style="font-weight:normal;">21+3</font><font style="font-weight:normal;font-style:normal;"> and </font><font style="font-weight:normal;">Bonus Craps</font><font style="font-weight:normal;font-style:normal;">. Premium Games are unique stand-alone games with their own unique set of rules and strategies. Examples of Premium Games include such popular titles </font><font style="font-weight:normal;">as High Card Flush, World Poker Tour Heads Up Hold&#8217;em</font><font style="font-weight:normal;font-style:normal;">, </font><font style="font-weight:normal;">Three Card Poker, Three Card Prime</font><font style="font-weight:normal;font-style:normal;"> and </font><font style="font-weight:normal;">Emperor&#8217;s Challenge</font><font style="font-weight:normal;font-style:normal;">. Typically, Premium Games command a higher price point per unit than Side Bets. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Enhanced Table Systems.<font style="font-weight:normal;font-style:normal;"> Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and enhance game security. We include in this product category our </font><font style="font-weight:normal;">Bonus Jackpot System</font><font style="font-weight:normal;font-style:normal;">, our </font><font style="font-weight:normal;">Inter-Casino Jackpot System</font><font style="font-weight:normal;font-style:normal;"> and our </font><font style="font-weight:normal;">MEGA-Share</font><font style="font-weight:normal;font-style:normal;">. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our <font style="font-style:italic;">Bonus Jackpot System</font> is designed to compete with our competitors&#8217; progressive jackpot systems and contains special features designed to further enhance the table game player&#8217;s experience and in turn, the casino&#8217;s profit. The <font style="font-style:italic;">Bonus Jackpot System</font> consists of two independent components known as the <font style="font-style:italic;">Bet Tabulator System</font>, which is used to detect players&#8217; wagers and <font style="font-style:italic;">TableVision</font>, which is an electronic display attached to a gaming table. Our current version of the <font style="font-style:italic;">Bonus Jackpot System</font> is known as the &#8220;<font style="font-style:italic;">Andromeda Series</font>.&#8221; Advancements in the <font style="font-style:italic;">Andromeda Series</font> includes the ability for two-way communication between gaming tables located anywhere in the world and one or more data processing centers. Currently known as our <font style="font-style:italic;">Inter-Casino Jackpot System</font>, we believe this achievement for casino table games was the first of its kind in the world. The availability of the data processing centers is the result of an agreement we entered into with Amazon Web Services, a unit of Amazon.com. In addition, our clients may use our <font style="font-style:italic;">Andromeda Series</font> to communicate with their data center or internal server using their private network. The <font style="font-style:italic;">Andromeda Series</font> allows up to 16 player positions and 6 betting positions per player. The <font style="font-style:italic;">Andromeda Series</font> was the first of its kind, allowing for the most sensors to be placed on a single gaming gable. Through the <font style="font-style:italic;">TableVision</font> component, the <font style="font-style:italic;">Andromeda Series</font> includes the ability to keep track of and display more than one jackpot. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our <font style="font-style:italic;">Inter-Casino Jackpot System</font> leverages the capabilities of our <font style="font-style:italic;">Bonus Jackpot System</font> to connect and/or aggregate bonus or progressive jackpots from multiple casinos into a common network. This methodology often referred to as a &#8220;wide area progressive&#8221; has long been practiced in the slot machine industry, but was first introduced to table games in Nevada by us in April 2011. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">MEGA-Share<font style="font-style:normal;"> is a game-play methodology invented by us that allows a player of one of our table games to share in the winnings of a jackpot together with other players. An example of this concept would be when multiple table game players are playing in a casino and one player obtains a winning hand entitling him or her to a jackpot, the event also triggers a second </font>MEGA-Share<font style="font-style:normal;"> jackpot that is divided among all players who placed a </font>MEGA-Share<font style="font-style:normal;"> qualifying wager. </font>MEGA-Share<font style="font-style:normal;"> rewards other players playing on other tables, other games, or even in other casinos with a share of a second jackpot simply for having a wager placed at the time another player won the main jackpot. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">e-Tables.<font style="font-weight:normal;font-style:normal;"> In February 2011, we entered into a definitive agreement to license the worldwide rights, excluding Oklahoma, Kentucky and the Caribbean, to the </font><font style="font-weight:normal;">TableMAX</font><font style="font-weight:normal;font-style:normal;"> e-Table system and simultaneously obtained the e-Table rights to the casino table games </font><font style="font-weight:normal;">Caribbean Stud</font><font style="font-weight:normal;font-style:normal;">, </font><font style="font-weight:normal;">Caribbean Draw</font><font style="font-weight:normal;font-style:normal;">, </font><font style="font-weight:normal;">Progressive Blackjack</font><font style="font-weight:normal;font-style:normal;">, </font><font style="font-weight:normal;">Texas Hold&#8217;em Bonus</font><font style="font-weight:normal;font-style:normal;"> and </font><font style="font-weight:normal;">Blackjack Bullets</font><font style="font-weight:normal;font-style:normal;">. See Note 17. The </font><font style="font-weight:normal;">TableMAX</font><font style="font-weight:normal;font-style:normal;"> e-Table system is a fully automated, multi-player electronic table game platform which does not need a human dealer. These platforms allow us to offer our Proprietary Table Game content in markets where live table games are not permitted.&#160;The e-Table product enables automation of certain components of traditional table games such as data collection, placement of bets, collection of losing bets and payment of winning bets.&#160;This automation provides benefits to both casino operators and players, including greater security and faster speed of play, reduced labor and other game related costs and increased profitability. As of December 2013, the TableMAX system offers several of our Proprietary Side Bets including </font><font style="font-weight:normal;">Lucky Ladies</font><font style="font-weight:normal;font-style:normal;"> and </font><font style="font-weight:normal;">21+3, </font><font style="font-weight:normal;font-style:normal;">and Premium Games </font><font style="font-weight:normal;">Three Card Prime </font><font style="font-weight:normal;font-style:normal;">and </font><font style="font-weight:normal;">World Poker Tour Heads Up Hold&#8217;em.</font><font style="font-weight:normal;font-style:normal;"> </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Ancillary products<font style="font-weight:normal;font-style:normal;">.&nbsp;&nbsp;In mid-2014, we entered into an exclusive licensing agreement with an independent inventor for worldwide rights to a proprietary technology which detects card markings.&nbsp;&nbsp;With this technology, we developed </font><font style="font-weight:normal;">SpectrumVision</font><font style="font-weight:normal;font-style:normal;">, one unit which can detect most known card markings normally invisible to the naked eye.&nbsp;&nbsp;</font><font style="font-weight:normal;">SpectrumVision </font><font style="font-weight:normal;font-style:normal;">will be leased for a monthly fee and we anticipate shipping the first units in mid-2015.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:5pt;">&nbsp;</p></div>
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
199455
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-136503
CY2014 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
36282
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
323759
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
250012
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
271900
CY2014 glxz Increase Decrease In Inventory Transferred Leased Assets
IncreaseDecreaseInInventoryTransferredLeasedAssets
76064
CY2013Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
92744
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of estimates and assumptions.<font style="font-weight:normal;font-style:normal;"> We are required to make estimates, judgments and assumptions that we believe are reasonable based on our historical experience, contract terms, observance of known trends in our company and the industry as a whole, and information available from other outside sources. Our estimates affect reported amounts for assets, liabilities, revenues, expenses and related disclosures. Actual results may differ from initial estimates. </font></p></div>
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications.<font style="font-weight:normal;font-style:normal;"> Certain accounts and financial statement captions in the prior periods have been reclassified to conform to the current period financial statements. </font></p></div>
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">New accounting standards not yet adopted </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Uncertainties About An Entity&#8217;s Ability To Continue As A Going Concern.<font style="font-style:normal;">&nbsp;&nbsp;In August 2014, the FASB issued an ASU to require management to evaluate whether there are conditions and events, considered in the aggregate, that raise substantial doubt about an entity&#8217;s ability to continue as a going concern for the twelve months following the date that financial statements are issued.&nbsp;&nbsp;The evaluation is similar to the assessment required to be performed by auditors under auditing standards and required for both interim and annual periods.&nbsp;&nbsp;This ASU is not expected to have a material impact on our financial statements.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Share-based Payments With Performance Targets Achievable After The Service Period.<font style="font-style:normal;">&nbsp;&nbsp;In June 2014, the FASB issued an ASU to clarify that performance targets in share-based payments that affect vesting and can be achieved after the requisite service period should be accounted for as a performance condition.&nbsp;&nbsp;As such, the performance condition would not be reflected in the grant date fair value estimate and compensation cost would be recognized over the service period if achievement of the performance condition is probable.&nbsp;&nbsp;This ASU is not expected to have a material impact on our financial statements.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">New Revenue Recognition Standard.&nbsp;&nbsp;<font style="font-style:normal;">In May 2014, the FASB issued an ASU establishing a new ASC Topic &#8211; Revenue From Contracts With Customers, which is a comprehensive new revenue recognition standard that will supersede virtually all existing revenue guidance.&nbsp;&nbsp;Under the new standard, revenue will be recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services.&nbsp;&nbsp;The standard creates a five-step model that will generally require companies to use more judgment and make more estimates than under current guidance when considering the terms of contracts along with all relevant facts and circumstances.&nbsp;&nbsp;These include the identification of customer contracts and separating performance obligations, the determination of transaction price that potentially includes an estimate of variable consideration, allocating the transaction price to each separate performance obligation, and recognizing revenue in line with the pattern of transfer.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The standard allows for adoption under either &#8220;full retrospective&#8221; in which prior periods presented are recast under the new guidance or &#8220;modified retrospective&#8221; in which it would be applied only to the most current period presented along with a cumulative-effect adjustment at the date of adoption.&nbsp;&nbsp;The standard also requires extensive additional disclosures to provide greater insight into revenues recognized and deferred, including quantitative and qualitative information about significant judgments and changes in those judgments made to determine the timing and amount of revenues recognized.&nbsp;&nbsp;We are currently evaluating the impact that this standard will have on our financial statements.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Discontinued Operations.<font style="font-style:normal;">&nbsp;&nbsp;In April 2014, the FASB issued an ASU that raises the threshold for a disposal to qualify as discontinued operations, such that it must represent a strategic shift that has or will have a major effect on an entity&#8217;s operations and financial results or an acquired business that is classified as held for sale at acquisition.&nbsp;&nbsp;This ASU also requires new disclosures for both discontinued operations and disposals of individually significant components that don&#8217;t qualify as discontinued operations.&nbsp;&nbsp;This ASU is not expected to have a material impact on our financial statements.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Presentation Of An Unrecognized Tax Benefit When A Net Operating Loss Carryforward Exists<font style="font-style:normal;">.&nbsp;&nbsp;In July 2013, the FASB issued an ASU requiring the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax position.&nbsp;&nbsp;This ASU is not expected to have a material impact on our financial statements.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Cumulative Translation Adjustment Upon Derecognition Of Certain Subsidiaries.<font style="font-style:normal;">&nbsp;&nbsp;In March 2013, the FASB issued an ASU requiring the release of cumulative translation adjustment into net income when an entity either sells a part of all of its investment in or no longer holds a controlling financial interest in a foreign entity.&nbsp;&nbsp;This ASU is not expected to have a material impact on our financial statements.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Obligations Resulting From Joint and Several Liability Arrangements.&nbsp;&nbsp;<font style="font-style:normal;">In February 2013, the FASB issued an ASU to require new disclosures for an entity that is jointly and severally liable to measure the obligation as the sum of the amount the entity has agreed with co-obligors to pay and any additional amount it expects to pay on behalf of a co-obligor.&nbsp;&nbsp;This ASU is not expected to have a material impact on our financial statements.</font>&nbsp;&nbsp;</p></div>
CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of risk.<font style="font-weight:normal;font-style:normal;"> We are exposed to risks associated with clients who represent a significant portion of total revenues. As of December&#160;31, 2014 and 2013, we had the following client revenue concentrations: </font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:80%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:47%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Location</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2014 Revenue</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2013 Revenue</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:47%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Client A</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">North America</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15.2%</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15.4%</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:47%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Client B</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">United Kingdom</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.7%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.6%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:47%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Client C</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">United Kingdom</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.5%</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.3%</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:47%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Client D</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">North America</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.0%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.2%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The amounts in accounts receivable related to these significant clients at December&#160;31, 2014 and 2013 were approximately $572,000 and $576,000, respectively. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are also exposed to risks associated with expiration of our patents.&nbsp;&nbsp;In 2015, domestic and international patents will expire on two of our products, which account for approximately $5,523,000 or 56% of our revenue for the year ended December 31, 2014.</p></div>
CY2014Q4 glxz Number Of Casinos In Which Acquired Table Games Played
NumberOfCasinosInWhichAcquiredTableGamesPlayed
500
CY2011Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
22680000
CY2014 us-gaap Threshold Period Past Due For Writeoff Of Trade Accounts Receivable
ThresholdPeriodPastDueForWriteoffOfTradeAccountsReceivable
P10Y
CY2014Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
150000
CY2014Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
383298
CY2009Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29000006
CY2014Q4 glxz Accrued Salary And Payroll Tax Current
AccruedSalaryAndPayrollTaxCurrent
70262
CY2013Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
383298
CY2014 glxz Related Party Transaction Periodic Payment
RelatedPartyTransactionPeriodicPayment
6598
CY2014 us-gaap Related Party Transaction Date
RelatedPartyTransactionDate
2017-02-01
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In the event future monthly revenue received by us from the PTG Assets is less than 90% of the notes monthly payment due to Prime Table Games, then the note payments at our option, may be adjusted to the higher of $100,000 per month (for Prime Table Games, LLC) and £64,000 per month (for Prime Table Games UK) or 90% of the monthly revenue amount generated from the PTG Assets. If we engage in this payment adjustment election, the note shall not be deemed in default and the interest rate of the note will increase 2% per annum for the duration of the note or until the standard payment schedule resumes.
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