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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:    
Net income $ 2,718,274 $ 5,718,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,679,728 2,563,579
Stock-based compensation expense 235,105 345,626
Stock-based employee match contribution 688,500 525,100
Deferred income taxes 434,300 968,000
Loss on disposal of assets 261,728 120,940
Loss from equity investment 2,377  
Gain on insurance recoveries (198,874) (21,064)
Gain on sale of assets (12,141) (129,580)
Gain on transfer of land   (2,241,206)
Changes in operating assets and liabilities:    
Decrease in accounts receivable (60,294) 24,346
Decrease (increase) in other current assets 30,623 (97,611)
Decrease (increase) in income taxes payable/receivable 537,963 (420,833)
Decrease in operating lease right-of-use assets 28,914  
Decrease in operating lease liabilities (28,914)  
Decrease in accounts payable (1,364,430) (133,802)
Increase in deferred revenue 502,772 184,328
Increase (decrease) in Card Casino accruals 426,130 (1,190,279)
Decrease in accrued wages and payroll taxes (13,972) (22,910)
Increase in accrued property taxes 18,458 64,638
(Decrease) increase in payable to horsepersons (148,426) 75,201
Net cash provided by operating activities 6,737,821 6,332,918
Investing Activities:    
Additions to land, buildings, and equipment (15,165,716) (5,501,468)
Issuance of related party note receivable (320,527) (3,208,400)
Decrease in notes receivable 2,142,511 1,048,655
Proceeds from insurance recoveries 204,174 1,033,264
Sale (purchase) of investments 102,659 (540)
Net cash used in investing activities (13,036,899) (6,628,489)
Financing Activities:    
Proceeds from issuance of common stock 383,496 686,019
Borrowings on line of credit 5,932,532  
Payments against line of credit (5,932,532)  
Cash dividend paid to shareholders (1,281,180) (1,206,111)
Payments for taxes related to net share settlement of equity awards (54,934)  
Principal payments on finance lease (25,204) (5,892)
Net cash used in financing activities (977,822) (525,984)
Net decrease in cash, cash equivalents, and restricted cash (7,276,900) (821,555)
Cash, cash equivalents, and restricted cash at beginning of year 11,203,998 12,025,553
Cash, cash equivalents, and restricted cash at end of year 3,927,098 11,203,998
Schedule of non-cash investing and financing activities    
Additions to buildings and equipment funded through accounts payable 1,272,000 867,000
Transfer of future TIF reimbursed costs from PP&E 7,801,000 1,908,000
Dividend declared 324,000 317,000
ROU assets obtained in exchange for operating lease obligations 104,000 127,000
Expiration of buyback option on land   110,000
Transfer of assets to Doran Canterbury I   754,000
Supplemental disclosure of cash flow information:    
Income taxes paid 740,000 1,356,000
Interest paid $ 42,000 $ 12,000