XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 5,433,016 $ 8,274,112
Restricted cash 5,985,632 1,563,058
Short-term investments 205,405 205,192
Accounts receivable, net of allowance of $28,000 for both periods 650,284 155,861
Current portion of notes receivable 1,048,654  
Inventory 417,343 253,334
Prepaid expenses 263,678 396,705
Income taxes receivable 138,504 355,060
Total current assets 14,142,516 11,203,322
LONG-TERM ASSETS    
Deposits 25,000 20,000
Notes receivable - long term portion 2,142,512  
Land, buildings and equipment, net of accumulated depreciation of $26,646,710 and $25,538,147, respectively 35,488,701 34,117,760
Total Assets 51,798,729 45,341,082
CURRENT LIABILITIES    
Current maturities of capital lease obligations   585,563
Accounts payable 8,933,335 2,710,661
Card Casino accruals 2,491,087 1,759,314
Accrued wages and payroll taxes 1,281,252 1,370,577
Accrued property taxes 345,019 711,482
Payable to horsepersons 223,020 171,355
Total current liabilities 13,273,713 7,308,952
LONG-TERM LIABILITIES    
Capital lease obligations - long term portion   2,592,731
Deferred income taxes 3,577,200 2,341,900
Total long-term liabilities 3,577,200 4,934,631
Total Liabilities 16,850,913 12,243,583
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,269,546 and 4,238,430, respectively, shares issued and outstanding 42,400 42,383
Additional paid-in capital 18,356,776 18,019,658
Retained earnings 16,548,640 15,035,458
Total stockholders' equity 34,947,816 33,097,499
Total Liabilities And Stockholders' Equity $ 51,798,729 $ 45,341,082