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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 16,732,959 $ 12,989,087
Restricted cash 3,620,234 3,116,916
Short-term investments 5,000,000 5,000,000
Accounts receivable, net of allowance of $19,250 for both periods 963,371 618,365
Employee retention credit receivable 2,505,601 6,103,236
Inventory 268,350 262,073
Prepaid expenses 620,665 557,520
Income taxes receivable and prepaid income taxes 1,738,364 2,052,364
Total current assets 31,449,544 30,699,561
LONG-TERM ASSETS    
Deposits 27,000 27,000
Other prepaid expenses 21,034 41,774
TIF receivable 13,499,248 13,294,337
Equity investment 6,840,285 6,863,517
Land held for development 2,303,010 2,303,010
Land, buildings, and equipment, net 37,011,180 36,491,660
Total long-term assets 62,302,933 61,576,618
TOTAL ASSETS 93,752,477 92,276,179
CURRENT LIABILITIES    
Accounts payable 2,094,734 3,368,683
Casino accruals 2,964,798 2,684,444
Accrued wages and payroll taxes 2,036,595 1,814,879
Cash dividend payable 346,052 341,602
Accrued property taxes 993,234 795,646
Deferred revenue 846,795 413,442
Payable to horsepersons 1,177,828 993,529
Current portion of finance lease obligations 11,994 18,973
Total current liabilities 10,472,031 10,431,198
LONG-TERM LIABILITIES    
Deferred income taxes 8,201,015 7,474,015
Investee losses in excess of equity investment 1,304,179 3,185,923
Total long-term liabilities 9,505,194 10,659,938
TOTAL LIABILITIES 19,977,225 21,091,136
STOCKHOLDERS’ EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,910,408 and 4,888,975 respectively, shares issued and outstanding 49,104 48,890
Additional paid-in capital 26,084,008 25,914,644
Retained earnings 47,642,140 45,221,509
Total stockholders’ equity 73,775,252 71,185,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 93,752,477 92,276,179
Related Party [Member]    
CURRENT ASSETS    
Accounts receivable, net of allowance of $19,250 for both periods 2,000 11,000
LONG-TERM ASSETS    
Related party receivable $ 2,601,176 $ 2,555,320