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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES:    
Net Revenues $ 13,299,558 $ 13,637,972
OPERATING EXPENSES:    
Purse expense 1,334,973 1,437,641
Minnesota Breeders’ Fund 210,905 229,057
Salaries and benefits 5,874,805 5,507,957
Depreciation and amortization 735,261 745,949
Advertising and marketing 298,507 301,432
Professional and contracted services 1,004,228 940,479
Other operating expenses 1,123,549 989,086
Total Operating Expenses 11,745,737 11,211,736
INCOME FROM OPERATIONS 1,553,821 2,426,236
OTHER INCOME (LOSS)    
Gain (Loss) from equity investment 1,858,512 (239,522)
Interest income, net 399,175 192,840
Net Other Income (Loss) 2,257,687 (46,682)
INCOME BEFORE INCOME TAXES 3,811,508 2,379,554
INCOME TAX EXPENSE (1,041,000) (605,641)
NET INCOME $ 2,770,508 $ 1,773,913
Basic earnings per share (in dollars per share) $ 0.57 $ 0.37
Diluted earnings per share (in dollars per share) $ 0.56 $ 0.36
Weighted average basic shares outstanding (in shares) 4,893,324 4,818,339
Weighted average diluted shares (in shares) 4,923,132 4,864,247
Cash dividends declared per share (in dollars per share) $ 0.07 $ 0.14
Casino [Member]    
OPERATING REVENUES:    
Net Revenues $ 9,714,355 $ 10,360,427
Pari-mutuel [Member]    
OPERATING REVENUES:    
Net Revenues 1,133,334 1,246,687
Food and Beverage [Member]    
OPERATING REVENUES:    
Net Revenues 1,469,831 1,088,722
OPERATING EXPENSES:    
Cost of goods and services sold 585,052 497,053
Product and Service, Other [Member]    
OPERATING REVENUES:    
Net Revenues 982,038 942,136
Other Pari-mutuel Expenses [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold 189,609 204,698
Public Utilities [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold $ 388,848 $ 358,384