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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 12,442,407 $ 10,075,642
Restricted cash 5,940,759 3,611,776
Short-term investments 4,500,000 5,000,000
Accounts receivable, net of allowance of $7,670 for both periods 965,702 439,121
Inventory 363,539 250,658
Prepaid expenses 1,666,497 1,849,015
Income taxes receivable and prepaid income taxes 2,029,857 3,186,465
Total Current Assets 27,908,761 24,412,677
LONG-TERM ASSETS    
Deposits 29,650 19,650
Other prepaid expenses 20,071 19,951
TIF receivable 19,819,258 18,898,445
Operating lease right-of-use asset 16,731 27,674
Equity investment 5,812,399 6,976,091
Other long-term receivables 1,737,463 1,597,463
Land held for development 2,397,438 2,183,930
Land, buildings, and equipment, net 52,048,520 51,042,988
Total Long-term Assets 87,021,445 85,510,105
TOTAL ASSETS 114,930,206 109,922,782
CURRENT LIABILITIES    
Accounts payable 4,427,107 3,665,155
Casino accruals 2,075,977 2,159,249
Accrued wages and payroll taxes 1,979,176 2,151,524
Cash dividend payable 354,613 351,373
Accrued property taxes 1,103,400 1,103,784
Deferred revenue 1,092,431 311,244
Payable to horsepersons 3,266,588 870,775
Current portion of finance lease obligations 34,375 32,950
Current portion of operating lease obligations 16,731 27,674
Total Current Liabilities 14,350,398 10,673,728
LONG-TERM LIABILITIES    
Deferred income taxes 9,846,000 9,846,000
Investee losses in excess of equity investment 6,852,567 5,016,198
Finance lease obligations, net of current portion 99,630 117,182
Other long-term liabilities 181,000 181,000
Total Long-term Liabilities 16,979,197 15,160,380
TOTAL LIABILITIES 31,329,595 25,834,108
STOCKHOLDERS’ EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 5,086,028 and 5,036,717 respectively, shares issued and outstanding 50,860 50,367
Additional paid-in capital 29,797,790 28,940,887
Retained earnings 53,751,961 55,097,420
Total Stockholders’ Equity 83,600,611 84,088,674
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 114,930,206 109,922,782
Related Party [Member]    
LONG-TERM ASSETS    
Related party receivable $ 5,139,915 $ 4,743,913