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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (5,177,000) $ (4,047,000)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 336,000 333,000
Non-cash interest expense 231,000 350,000
Stock - based compensation 571,000 151,000
Changes in operating assets and liabilities:    
Restricted cash—NYSGC Lottery and Purse Accounts 424,000 88,000
Accounts receivable 188,000 (23,000)
Prepaid expenses and other current assets (1,382,000) 375,000
Other assets (2,000) (16,000)
Accounts payable 912,000 112,000
Accrued expenses and other current liabilities (8,289,000) (1,906,000)
Net cash used in operating activities (12,188,000) (4,583,000)
Cash flows from investing activities:    
Purchase of property and equipment (28,000) (138,000)
Capitalized Development Projects costs (15,268,000) 0
Cash collateral for deposit bond 15,000,000 0
License fee payment for the Casino Project (51,000,000) 0
Restricted cash—Racing capital improvement (155,222,000) (46,673,000)
Net cash used in investing activities (236,493,000) (46,821,000)
Cash flows from financing activities:    
Proceeds from rights offering, net of expenses 286,032,000 49,528,000
Series B preferred stock dividend payment 167,000 0
Series B preferred stock dividend payment (30,711,000) 0
Proceeds from exercise of stock options and warrants 0 55,000
Net cash provided by financing activities 255,154,000 49,583,000
Net increase / (decrease) in cash and cash equivalents 6,473,000 (1,821,000)
Cash and cash equivalents, beginning of period 6,412,000 6,435,000
Cash and cash equivalents, end of period 12,885,000 4,614,000
Supplemental disclosures of cash flow information:    
Interest paid 231,000 321,000
Noncash investing and financing activities:    
Common stock issued in settlement of preferred stock dividends 0 159,000
Project development costs included in accrued expenses 25,925,000 0
Racing Capital Improvements [Member]    
Cash flows from investing activities:    
Restricted cash—Racing capital improvement $ 25,000 $ (10,000)