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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 6,298,807 $ 8,274,112
Restricted cash 1,990,013 1,563,058
Short-term investments 205,649 205,192
Accounts receivable, net of allowance of $28,000 for both years 1,309,453 155,861
Current portion of notes receivable 1,048,654  
Inventory 247,786 253,334
Prepaid expenses 466,993 396,705
Income taxes receivable 511,170 355,060
Total current assets 12,078,525 11,203,322
LONG-TERM ASSETS    
Deposits 25,000 20,000
Notes receivable - long term portion 2,142,512  
Land, buildings and equipment, net (Note 2) 35,378,917 34,117,760
TOTAL ASSETS 49,624,954 45,341,082
CURRENT LIABILITIES    
Current maturities of capital lease obligations (Note 8)   585,563
Accounts payable 3,159,712 2,410,884
Card Casino accruals 2,634,153 1,759,314
Accrued wages and payroll taxes 1,632,304 1,370,577
Cash dividend payable 216,411  
Due to MHBPA (Note 1) 38,145 299,777
Accrued property taxes 932,030 711,482
Payable to horsepersons 104,652 171,355
Total current liabilities 8,717,407 7,308,952
LONG-TERM LIABILITIES    
Capital lease obligations - long term portion (Note 8)   2,592,731
Deferred income taxes (Note 3) 4,357,000 2,341,900
Total long-term liabilities 4,357,000 4,934,631
TOTAL LIABILITIES 13,074,407 12,243,583
STOCKHOLDERS' EQUITY (Note 4 and 5)    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,325,154 and 4,238,430, respectively, shares issued and outstanding 43,252 42,383
Additional paid-in capital 18,780,070 18,019,658
Retained earnings 17,727,225 15,035,458
Total stockholders' equity 36,550,547 33,097,499
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 49,624,954 $ 45,341,082