XML 25 R14.htm IDEA: XBRL DOCUMENT

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	9. SUBSEQUENT EVENTS During October 2016, the Company received additional insurance proceeds of $592,000 from multiple severe storms during 2014 that caused damage to buildings at the Track. As of September 30, 2016, the Company recognized a $592,000 insurance recoveries gain in the Consolidated Statements of Operations as “Gain on insurance recoveries”. Based on future events, the Company may receive additional insurance proceeds. The Company has concluded that these additional funds represent contingent gains and in accordance with U.S. GAAP, has not recorded an estimate for any additional future proceeds in the Company’s 2016 third quarter financial statements. On November 11, 2016, the Company entered into a new general credit and security agreement with Bremer Bank, which provides a revolving credit line of up to $6,000,000 and expires on November 11, 2017. The line of credit is collateralized by all receivables, inventory, equipment, and general intangibles of the Company.