For the quarter ending 2025-09-30, GLXZ had -$1,704,670 decrease in cash & cash equivalents over the period. $1,123,947 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | 1,039,139 | -1,070,925 |
| Depreciation and amortization | 806,483 | 1,565,732 |
| Amortization of right-of-use assets | 65,667 | 128,607 |
| Amortization of debt issuance costs and debt discount | 31,374 | 85,251 |
| Bad debt expense (recovery) | -8,157 | 38,295 |
| Gain (loss) on disposal of property & equipment | 0 | 62 |
| Deferred income tax | -49,272 | 68,687 |
| Stock-based compensation | 122,202 | 319,403 |
| Loss on extinguishment of debt | 0 | -2,969,585 |
| Accounts receivable | 734,917 | -612,499 |
| Income tax receivable | 4,712 | 55,973 |
| Prepaid expenses and other current assets | 352,583 | -345,816 |
| Other assets | -53,692 | -161,522 |
| Accounts payable | 45,007 | -478,608 |
| Accrued expenses | 249,783 | -327,785 |
| Revenue contract liability | -67,523 | 125,491 |
| Operating lease liabilities | -72,236 | -141,744 |
| Net cash provided by operating activities | 1,123,947 | 4,345,791 |
| Investment in internally developed software | 266,326 | 484,741 |
| Acquisition of property and equipment | 0 | 93,683 |
| Acquisition of assemblies in process | 612,198 | - |
| Acquisition of assets deployed at client locations | 185,678 | 743,304 |
| Transfer of title of assets deployed at client locations to perpetual license customer | 11,591 | 159,984 |
| Net cash used in investing activities | -1,052,611 | -1,161,744 |
| Proceeds from bmo credit agreement | 0 | 45,000,000 |
| Principal payments on long-term debt-Fortress Credit Corporation | 0 | 57,576,929 |
| Principal payments on long-term debt-BMOBank NA | 1,687,500 | 3,125,000 |
| Principal payments on long-term debt-Insurance Notes Payable | 61,593 | 180,688 |
| Payments of debt issuance costs | 5,776 | 624,248 |
| Fees associated with debt transactions - prior debt | 0 | 138,233 |
| Proceeds from stock option exercises | 24,200 | 151,200 |
| Net cash used in financing activities | -1,730,669 | -16,493,898 |
| Effect of exchange rate changes on cash | -45,337 | 231,057 |
| Net (decrease) increase in cash and cash equivalents | -1,704,670 | -13,078,794 |
| Cash and cash equivalents at beginning of period | 18,118,043 | - |
| Cash and cash equivalents at end of period | 3,334,579 | - |
Galaxy Gaming, Inc. (GLXZ)
Galaxy Gaming, Inc. (GLXZ)