6.	Boot Hill Casino Building and Land Purchase :

December 19, 2020,

we completed the purchase of our Boot Hill Casino located in Dodge City, Kansas, for a purchase price of

$41,250,

and was funded with

two

secured bank long-term loans totaling

$42,000.

We incurred direct financing costs of approximately

$400.

Prior to our purchase, we were leasing the property under an operating lease. We had recorded a right-of-use asset and the related lease liability upon the adoption ASC

842,

Leases, on

May 1, 2019.

Pursuant to ASC

805

50,

Asset Acquisition, the cost was allocated to land, building and improvements, based on the relative fair values. Furthermore, pursuant to ASC

842

Leases – Purchase of Underlying Asset, the difference between the purchase price and the carrying amount of the lease liability immediately before the purchase was recorded by us as the lessee as an adjustment of approximately

$2,628

to the carrying amount of the assets.

Purchase price of casino building and related land	$	41,250

Note payable, collaterialized by all of BHCMC's assets and compensation due under the State Management Contract. The interest rate is 5.32%. This note matures in December 2027, with a balloon payment of $19,250.	$	35,000
Note payable, collaterialized by all of BHCMC's assets and compensation due under the State Management Contract. The interest rate is 5.83%. This note matures in December 2025.	$	7,000
Total	$	42,000

Lease right-to-use asset	$	41,250
Accumulated depreciation	$	(4,169	)
Net	$	37,081

Lease liability	$	39,709