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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided by (used in) operating activities:    
Net loss $ (17,609,000) $ (24,834,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,000,000 1,011,000
Provision / (Recovery) for doubtful accounts 0 (5,000)
Non-cash interest expense 231,000 931,000
Stock-based compensation 2,032,000 391,000
Changes in operating assets and liabilities:    
Restricted cash—NYSGC Lottery and Purse Accounts 207,000 267,000
Accounts receivable 334,000 47,000
Prepaid expenses and other current assets (13,000) (693,000)
Other assets 2,000 (3,000)
Accounts payable 1,000,000 (103,000)
Accrued expenses and other current liabilities (6,813,000) 5,615,000
Net cash used in operating activities (19,629,000) (17,376,000)
Cash flows provided by (used in) investing activities:    
Purchase of property and equipment (802,000) (521,000)
Capitalized Development Projects costs (99,169,000) 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 (66,767,000) (34,115,000)
Net cash used in investing activities (232,735,000) (34,612,000)
Cash flows provided by (used in) financing activities:    
Proceeds from rights offering, net of expenses 286,003,000 49,528,000
Series B preferred stock dividend payment (231,000) 0
Series E preferred stock and dividend redemption (30,711,000) (533,000)
Proceeds from exercise of stock options and warrants 0 2,560,000
Other payments (38,000) 0
Net cash provided by financing activities 255,023,000 51,555,000
Net increase / (decrease) in cash and cash equivalents 2,659,000 (433,000)
Cash and cash equivalents, beginning of period 6,412,000 6,435,000
Cash and cash equivalents, end of period 9,071,000 6,002,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 231,000 1,042,000
Non-cash investing and financing activities:    
Common stock issued in satisfaction of preferred stock dividends 0 159,000
Development projects costs included in accrued expenses 41,782,000 0
Racing Capital Improvements [Member]    
Cash flows provided by (used in) investing activities:    
Restricted cash—racing capital improvement $ 3,000 $ 24,000