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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING REVENUES:    
Net Revenues $ 13,637,972 $ 9,225,542
OPERATING EXPENSES:    
Purse expense 1,437,641 976,360
Minnesota Breeders’ Fund 229,057 175,140
Salaries and benefits 5,507,957 3,967,348
Depreciation and amortization 745,949 689,585
Advertising and marketing 301,432 56,452
Professional and contracted services 940,479 735,847
Other operating expenses 989,086 686,037
Total Operating Expenses 11,211,736 7,953,431
INCOME FROM OPERATIONS 2,426,236 1,272,111
OTHER (LOSS) INCOME    
Loss from equity investment (239,522) (637,704)
Interest income, net 192,840 169,310
Net Other Loss (46,682) (468,394)
INCOME BEFORE INCOME TAXES 2,379,554 803,717
INCOME TAX EXPENSE (605,641) (252,224)
NET INCOME $ 1,773,913 $ 551,493
Basic earnings per share (in dollars per share) $ 0.37 $ 0.12
Diluted earnings per share (in dollars per share) $ 0.36 $ 0.12
Weighted average basic shares outstanding (in shares) 4,818,339 4,754,496
Weighted average diluted shares (in shares) 4,864,247 4,754,504
Cash dividends declared per share (in dollars per share) $ 0.14 $ 0.00
Casino [Member]    
OPERATING REVENUES:    
Net Revenues $ 10,360,427 $ 6,864,294
Pari-mutuel [Member]    
OPERATING REVENUES:    
Net Revenues 1,246,687 1,153,844
Food and Beverage [Member]    
OPERATING REVENUES:    
Net Revenues 1,088,722 374,471
OPERATING EXPENSES:    
Cost of goods and services sold 497,053 205,637
Product and Service, Other [Member]    
OPERATING REVENUES:    
Net Revenues 942,136 832,933
Other Pari-mutuel Expenses [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold 204,698 185,295
Public Utilities [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold $ 358,384 $ 275,730