SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2020

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11.    SUBSEQUENT EVENTS

On July 30, 2020, Canterbury Park Development LLC, contributed approximately 10 acres of land to the Doran Canterbury II project as described in Note 8. In connection with its contribution, Canterbury Development became a 27.4% equity member in Doran Canterbury II with Doran owning the remaining 72.6%. Also, in connection with this contribution, the Company received a portion of its related party receivable of $2,940,000 as described in Note 10. This occurred on August 3, 2020. Therefore, the Company has designated this amount as short term on the Condensed Consolidated Balance Sheet as of June 30, 2020.