$GLXZ
Galaxy Gaming, Inc.

2016 Q1 Form 10-Q Financial Statement

#000156459016019517 Filed on May 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q1
Revenue $2.984M $2.930M $2.584M
YoY Change 15.48% 12.69% 14.34%
Cost Of Revenue $21.64K $30.00K $23.29K
YoY Change -7.08% 50.0% 16.45%
Gross Profit $2.962M $2.900M $2.561M
YoY Change 15.68% 12.4% 13.81%
Gross Profit Margin 99.27% 98.98% 99.1%
Selling, General & Admin $1.633M $2.170M $1.579M
YoY Change 3.44% 24.0% 30.5%
% of Gross Profit 55.13% 74.83% 61.66%
Research & Development $79.34K $80.00K $153.0K
YoY Change -48.14% -38.46% 39.08%
% of Gross Profit 2.68% 2.76% 5.97%
Depreciation & Amortization $416.0K $1.540M $41.29K
YoY Change 907.37% 258.14% -89.68%
% of Gross Profit 14.04% 53.1% 1.61%
Operating Expenses $1.713M $2.670M $1.732M
YoY Change -1.12% 15.09% 0.7%
Operating Profit $813.3K $230.0K $390.5K
YoY Change 108.28% -11.54% -25.19%
Interest Expense $258.2K -$30.00K $279.9K
YoY Change -7.77% -88.0% -1.16%
% of Operating Profit 31.75% -13.04% 71.69%
Other Income/Expense, Net -$145.6K -$274.1K
YoY Change -46.88% -1.28%
Pretax Income $667.8K $190.0K $116.5K
YoY Change 473.41% -136.54% -52.35%
Income Tax $239.9K -$20.00K $53.60K
% Of Pretax Income 35.93% -10.53% 46.02%
Net Earnings $427.8K $220.0K $62.86K
YoY Change 580.63% -166.67% -58.42%
Net Earnings / Revenue 14.34% 7.51% 2.43%
Basic Earnings Per Share $0.01 $0.00
Diluted Earnings Per Share $0.01 $5.604K $0.00
COMMON SHARES
Basic Shares Outstanding 38.99M
Diluted Shares Outstanding 39.46M 39.02M

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.080M $570.0K $260.0K
YoY Change 315.38% 1.79% -27.78%
Cash & Equivalents $1.078M $570.6K $260.6K
Short-Term Investments
Other Short-Term Assets $120.0K $2.489K $320.0K
YoY Change -62.5% -96.02% -25.58%
Inventory $456.4K $411.7K $230.0K
Prepaid Expenses $56.18K $106.3K
Receivables $1.750M $1.830M $1.460M
Other Receivables $0.00 $0.00 $380.0K
Total Short-Term Assets $3.398M $3.061M $2.650M
YoY Change 28.24% 3.84% 9.05%
LONG-TERM ASSETS
Property, Plant & Equipment $410.0K $430.0K $480.0K
YoY Change -14.58% -15.69% 200.0%
Goodwill $1.091M $1.091M
YoY Change 0.0%
Intangibles $12.89M $13.26M
YoY Change -10.13%
Long-Term Investments
YoY Change
Other Assets $41.79K $41.79K $90.00K
YoY Change -53.56% -7.98% -81.25%
Total Long-Term Assets $14.43M $14.91M $16.04M
YoY Change -10.02% -9.88% -13.44%
TOTAL ASSETS
Total Short-Term Assets $3.398M $3.061M $2.650M
Total Long-Term Assets $14.43M $14.91M $16.04M
Total Assets $17.83M $17.97M $18.69M
YoY Change -4.59% -7.8% -10.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.311M $1.422M $530.0K
YoY Change 147.28% 174.26% 82.76%
Accrued Expenses $880.0K $824.0K $460.0K
YoY Change 91.31% 58.71% 39.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.565M $4.648M $3.650M
YoY Change 25.08% 33.53% 17.74%
Total Short-Term Liabilities $8.017M $7.954M $5.490M
YoY Change 46.03% 48.21% 18.57%
LONG-TERM LIABILITIES
Long-Term Debt $6.825M $7.436M $11.00M
YoY Change -37.96% -38.32% -26.08%
Other Long-Term Liabilities $50.00K $50.00K $60.00K
YoY Change -16.67% -16.67%
Total Long-Term Liabilities $6.825M $7.436M $11.06M
YoY Change -38.29% -38.32% -25.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.017M $7.954M $5.490M
Total Long-Term Liabilities $6.825M $7.436M $11.06M
Total Liabilities $14.96M $15.52M $16.55M
YoY Change -9.6% -11.9% -15.22%
SHAREHOLDERS EQUITY
Retained Earnings -$413.1K -$792.4K
YoY Change -19.16%
Common Stock $3.024M $3.003M
YoY Change 4.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.870M $2.715M $2.140M
YoY Change
Total Liabilities & Shareholders Equity $17.83M $17.97M $18.69M
YoY Change -4.59% -7.8% -10.83%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q1
OPERATING ACTIVITIES
Net Income $427.8K $220.0K $62.86K
YoY Change 580.63% -166.67% -58.42%
Depreciation, Depletion And Amortization $416.0K $1.540M $41.29K
YoY Change 907.37% 258.14% -89.68%
Cash From Operating Activities $1.280M $1.260M $580.0K
YoY Change 120.69% 29.9% -10.77%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$10.00K $7.895K
YoY Change -226.66% -75.0% -25.65%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.00K -$10.00K -$10.00K
YoY Change 0.0% -75.0% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $746.4K $841.2K
YoY Change -11.27%
Cash From Financing Activities -760.0K -780.0K -860.0K
YoY Change -11.63% 2.63% 19.44%
NET CHANGE
Cash From Operating Activities 1.280M 1.260M 580.0K
Cash From Investing Activities -10.00K -10.00K -10.00K
Cash From Financing Activities -760.0K -780.0K -860.0K
Net Change In Cash 510.0K 470.0K -290.0K
YoY Change -275.86% 176.47% 262.5%
FREE CASH FLOW
Cash From Operating Activities $1.280M $1.260M $580.0K
Capital Expenditures -$10.00K -$10.00K $7.895K
Free Cash Flow $1.290M $1.270M $572.1K
YoY Change 125.48% 25.74% -10.52%

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CY2016Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;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>
CY2016Q1 us-gaap Use Of Estimates
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<div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;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>
CY2016Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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CY2015Q1 glxz Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
1758
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1304160
CY2016Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
11314
CY2015Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
7895
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11314
CY2016Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
17441
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
766081
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
260633
CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
185718
CY2015Q1 us-gaap Interest Paid Net
InterestPaidNet
279939
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
5000
CY2015Q1 glxz Effect Of Exchange Rate On Note Payable In Foreign Currency
EffectOfExchangeRateOnNotePayableInForeignCurrency
288601
CY2016Q1 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">GALAXY GAMING, INC.</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOTES TO FINANCIAL STATEMENTS</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Unaudited)</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:6pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">NOTE 1. DESCRIPTION OF BUSINESS</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;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; refers to Galaxy Gaming, Inc., a Nevada corporation. &#8220;GGLLC&#8221; refers to Galaxy Gaming, LLC, a Nevada limited liability company that was a predecessor of the Company&#8217;s business, but is not directly associated with Galaxy Gaming, Inc.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Description of business.<font style="font-weight:normal;font-style:normal;"> We are an established global gaming company specializing in the design, development, manufacturing, marketing and acquisition of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. We are a leading supplier of gaming entertainment products worldwide and provide a diverse offering of quality products and services at competitive prices, designed to enhance the player experience.</font></p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 and 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, Africa and to cruise ships and internet gaming sites worldwide. We currently have an installed base of our products on over 5,000 gaming tables located in over 600 casinos, which positions us as the second largest provider of proprietary table games in the world.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;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-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We group our products into four product categories we classify as &#8220;Proprietary Table Games,&#8221; &#8220;Enhanced Table Systems,&#8221; &#8220;e-Tables&#8221; and &#8220;Ancillary Equipment.&#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:12pt;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 our 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 our 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, </font><font style="font-weight:normal;font-style:normal;">and </font><font style="font-weight:normal;">Texas Shootout</font><font style="font-weight:normal;font-style:normal;">. Generally, Premium Games command a higher price point per unit than Side Bets. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;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 three products in this 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;">. We receive compensation by collecting a fixed fee or a transaction fee.</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;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> facilitates a jackpot players can win by making a qualified wager.&nbsp;&nbsp;The jackpot is awarded to a player (or players) upon obtaining a specific triggering event.&nbsp;&nbsp;Our <font style="font-style:italic;">Bonus Jackpot System</font> can facilitate either a fixed, adjustable or progressive style jackpot. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;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 abilities 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. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;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.&nbsp;&nbsp;This jackpot winning event will trigger a second </font>MEGA-Share<font style="font-style:normal;"> jackpot that is divided among all players who made a </font>MEGA-Share <font style="font-style:normal;">qualified wager. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;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 2011, we licensed 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.&nbsp;&nbsp;Simultaneously we 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 16. The </font><font style="font-weight:normal;">TableMAX</font><font style="font-weight:normal;font-style:normal;"> e-Table system is a fully automated, dealer-less, multi-player electronic table game platform.&nbsp;&nbsp;These platforms allow us to offer our Proprietary Table Game content in markets where live table games are not permitted.&#160;Our 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.&nbsp;&nbsp;</font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Ancillary equipment<font style="font-weight:normal;font-style:normal;">.&nbsp;&nbsp;In 2014, we entered into an exclusive license for the worldwide rights to a patented technology that detects invisible 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;">, which uses highly specialized and customized optics to see markings on playing cards that would otherwise be invisible or undetectable to the naked eye and surveillance cameras.&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 or outright sale.&nbsp;&nbsp;Units sold may have a service contract issued in conjunction with the sale.</font></p></div>
CY2016Q1 us-gaap Interest Payable Current
InterestPayableCurrent
32068
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
14832
CY2016Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;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. For the three months ended March 31, 2016 and 2015, respectively, we had the following client revenue concentrations:</font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:6pt;">&nbsp;</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;width:54.8%; border-bottom:solid 0.75pt transparent;"> <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;width:1.32%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:16.82%; 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:#000000;font-family:Times New Roman;font-size:10pt;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;width:1.32%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;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:11.18%; 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:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2016</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">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%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;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;width:1.32%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;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:11.18%; 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:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2015</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Revenue</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;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:54.8%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:16.82%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%; 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:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14.2%</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%; 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:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15.3%</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:#000000;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:54.8%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:16.82%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.7%</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:#000000;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:1.32%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.6%</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:#000000;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:54.8%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:16.82%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.4%</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:#000000;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:1.32%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:54.8%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:16.82%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:1.32%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.7%</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:#000000;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:1.32%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;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:#000000;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:10.18%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.7%</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:#000000;font-size:1pt;font-family:Times New Roman;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:6pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are also exposed to risks associated with the expiration of our patents. Domestic and international patents for two of our products expired in June 2015. The patents account for approximately $1,453,393 or 49% of our revenue for the three months ended March 31, 2016.</p></div>
CY2016Q1 glxz Number Of Casinos In Which Acquired Table Games Played
NumberOfCasinosInWhichAcquiredTableGamesPlayed
600
CY2016Q1 glxz Number Of Product Categories
NumberOfProductCategories
4
CY2016Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
150000
CY2016Q1 us-gaap Prepaid Insurance
PrepaidInsurance
17376
CY2016Q1 glxz Number Of Table Games Acquired
NumberOfTableGamesAcquired
5000
CY2015Q4 us-gaap Prepaid Insurance
PrepaidInsurance
13408
CY2016Q1 glxz Prepaid Compliance
PrepaidCompliance
11981
CY2015Q4 glxz Prepaid Compliance
PrepaidCompliance
39097
CY2016Q1 glxz Information Technology System
InformationTechnologySystem
10541
CY2015Q4 glxz Information Technology System
InformationTechnologySystem
19041
CY2016Q1 glxz Professional Services
ProfessionalServices
10025
CY2015Q4 glxz Professional Services
ProfessionalServices
7792
CY2016Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2870
CY2015Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
372
CY2016Q1 us-gaap Prepaid Rent
PrepaidRent
1989
CY2015Q4 us-gaap Prepaid Rent
PrepaidRent
1989
CY2016Q1 glxz Prepaid Travel
PrepaidTravel
1395
CY2015Q4 glxz Prepaid Travel
PrepaidTravel
7780
CY2015Q4 glxz Trade Show Expense
TradeShowExpense
6000
CY2015Q4 glxz Dues Subscriptions Expense
DuesSubscriptionsExpense
10859
CY2016Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
266563
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
231709
CY2016Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
175701
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
170528
CY2016Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
44121
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
39463
CY2016Q1 us-gaap Inventory Gross
InventoryGross
486385
CY2015Q4 us-gaap Inventory Gross
InventoryGross
441700
CY2016Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
30000
CY2015Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
30000
CY2016Q1 glxz Capital Leased Assets Property And Equipment
CapitalLeasedAssetsPropertyAndEquipment
243970
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets
118552
CY2015Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
288683
CY2015Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
154198
CY2016Q1 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
133275
CY2015Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
134485
CY2016Q1 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
11483
CY2015Q1 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
10243
CY2016Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20450967
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20450967
CY2016Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7561643
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7189331
CY2016Q1 us-gaap Royalty Guarantees Commitments Amount
RoyaltyGuaranteesCommitmentsAmount
326829
CY2015Q4 us-gaap Royalty Guarantees Commitments Amount
RoyaltyGuaranteesCommitmentsAmount
259193
CY2016Q1 glxz Table Max Reimbursement
TableMaxReimbursement
174638
CY2015Q4 glxz Table Max Reimbursement
TableMaxReimbursement
136785
CY2016Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
93947
CY2015Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
154888
CY2016Q1 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
82628
CY2015Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
78549
CY2016Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
73833
CY2015Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
62546
CY2016Q1 glxz Accrued Salary And Payroll Tax Current
AccruedSalaryAndPayrollTaxCurrent
72902
CY2015Q4 glxz Accrued Salary And Payroll Tax Current
AccruedSalaryAndPayrollTaxCurrent
95115
CY2016Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
23173
CY2015Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
22056
CY2016Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
119763
CY2015Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
137204
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
54692
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
34545
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
34545
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
5757
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
129539
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
9776
CY2016Q1 us-gaap Notes Payable
NotesPayable
11389931
CY2015Q4 us-gaap Notes Payable
NotesPayable
12084291
CY2016Q1 us-gaap Notes Payable Current
NotesPayableCurrent
4565293
CY2015Q4 us-gaap Notes Payable Current
NotesPayableCurrent
4648120
CY2011Q4 glxz Acquired Notes Payable Promissory Notes
AcquiredNotesPayablePromissoryNotes
22200000
CY2016Q1 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
72154
CY2015Q1 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
73951
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
224865
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
233604
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
242340
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
63933
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
764742
CY2016Q1 glxz Attorney Fees Due Percentage
AttorneyFeesDuePercentage
0.70
CY2016Q1 glxz Related Party Transaction Month And Year
RelatedPartyTransactionMonthAndYear
2015-08
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2883
CY2015Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.436
CY2016Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.018
CY2016Q1 glxz Discrete Tax Income
DiscreteTaxIncome
70782
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
112500
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
187500
CY2016Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
16348
CY2015Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
17418
CY2016Q1 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
480000
CY2016Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
22680000
CY2016Q1 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
2000000
CY2016Q1 glxz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Debt Discount
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDebtDiscount
1530000
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
22680000

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