Management's Plans Regarding Liquidity and Capital Resources

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

Management's Plans Regarding Liquidity and Capital Resources

4. Management’s Plans Regarding Liquidity and Capital Resources

The Company experienced a minor decrease in revenue for the year ending December 31, 2018 compared to the previous year. The Company believes this trend will improve during 2019. The decrease in expenses for the year ending December 31, 2018 as compared to the prior year is a result of reductions in wages, benefits, and operating expenses.

The Company continues its marketing efforts toward the social clientele by developing packages designed to target more social guests, including families. These social packages are being promoted through the Company’s website as well as through travel wholesalers and with emphasis on e-commerce sites. Management has implemented programs and measures to help the Company get back to positive operating income. These programs and measures include cost control programs, consolidation of restaurant operations and efforts to increase brand awareness and recognition of the Resort.

The Company’s ultimate shareholder has the financial ability and intent to continue to fund operations through affiliated companies that are 100% owned by the Company’s ultimate shareholder to the extent required to support the Company’s operations. The Company has loans outstanding to the affiliated companies of approximately $14.7 million and $11.9 million as of December 31, 2018 and 2017, respectively. In addition to the shareholders financial ability these affiliated companies are expected to continue to generate positive cash flows during fiscal year 2019 should additional funding be required to support the Company’s operations.