Segment Reporting

9 Months Ended

Jan. 31, 2019

Segment Reporting [Abstract]

Segment Reporting

Note 12.   Segment Reporting  

We have three business segments: (i) Washington, (ii) South Dakota and (iii) Nevada, as well as the Company’s corporate location. On June 30, 2018, the Company sold its South Dakota route operations. Also, as of July 27, 2018, the Nevada reportable segment met the requirements to be classified as a discontinued operation. As a result, the operations of Nevada have been excluded from the segment reporting below. See Note 13 for information related to the Nevada segment. The Washington segment consists of the Washington mini-casinos, the South Dakota segment consisted of our slot route operation in South Dakota, and the Corporate column includes the vacant land in Colorado and its taxes and maintenance expenses, corporate-related items, results of insignificant operations, and income and expenses not allocated to other reportable segments.

Summarized financial information for our reportable segments from continuing operations is shown in the following table:

	For the Three Months Ended, January 31, 2019
	Washington		South Dakota		Corporate			Total
Net revenues	$	14,564,377	$	-	$	-		$	14,564,377
Casino and food and beverage expense		7,688,674		-		-			7,688,674
Marketing, administrative and corporate		4,395,723		-		1,631,115			6,026,838
Facility and other expenses		487,239		-		-			487,239
Depreciation and amortization		107,065		-		5,472			112,537
Operating income (loss)		1,885,675		-		(1,636,586	)		249,089

	For the Three Months Ended, January 31, 2018
	Washington		South Dakota			Corporate			Total
Net revenues	$	13,314,264	$	1,168,465		$	-		$	14,482,729
Casino and food and beverage expense		7,239,816		1,131,160			-			8,370,976
Marketing, administrative and corporate		4,099,481		134,999			578,370			4,812,850
Facility and other expenses		458,938		22,796			-			481,734
Depreciation and amortization		119,007		72,980			6,535			198,522
Operating income (loss)		1,396,947		(193,703	)		(584,905	)		618,339

	For the Nine Months Ended, January 31, 2019
	Washington		South Dakota			Corporate			Total
Net revenues	$	42,970,445	$	828,554		$	-		$	43,798,999
Casino and food and beverage expense		22,540,802		938,160			-			23,478,962
Marketing, administrative and corporate		13,133,387		131,280			4,261,645			17,526,312
Facility and other expenses		1,469,896		16,723			-			1,486,619
Depreciation and amortization		339,437		-			17,756			357,193
Operating income (loss)		5,486,149		(199,917	)		(4,301,963	)		984,269

	For the Nine Months Ended, January 31, 2018
	Washington		South Dakota			Corporate			Total
Net revenues	$	40,263,535	$	5,241,304		$	-		$	45,504,839
Casino and food and beverage expense		21,942,455		4,654,465			-			26,596,920
Marketing, administrative and corporate		12,582,737		368,321			1,909,731			14,860,789
Facility and other expenses		1,345,352		67,914			-			1,413,266
Depreciation and amortization		465,886		275,345			19,880			761,111
Operating income (loss)		3,921,445		(124,854	)		(1,929,611	)		1,866,980

Segment assets at January 31, 2019 were: Washington $29,713,693; Corporate $13,216,305. Segment assets at January 31, 2018 were: Washington $27,352,824; South Dakota $1,549,392; Corporate $3,793,289.