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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income (loss) $ 92 $ (10,838)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 648 608
Amortization of deferred financing costs 0 205
Recovery of doubtful accounts (63) 0
Stock-based compensation 679 1,952
Warrants issued in legal settlement 0 5,618
Changes in operating assets and liabilities:    
Restricted cash -NY Lottery and Purse Accounts (345) (474)
Accounts receivable (90) 657
Prepaid expenses and other current assets 250 (397)
Accounts payable (152) (693)
Accrued expenses and other current liabilities (200) 421
Other assets 579 767
Net cash provided by (used in) operating activities 1,398 (2,174)
Investing activities:    
Purchases of property and equipment (409) (223)
Restricted cash - Racing capital improvement 27 (13)
Net cash used in investing activities (382) (236)
Financing activities:    
Proceeds from exercise of stock options 0 35
Proceeds from exercise of option matching rights 0 36
Stock issuance costs (126) 0
Net cash provided by (used in) financing activities (126) 71
Net increase (decrease) in cash and cash equivalents 890 (2,339)
Cash and cash equivalents, beginning of period 12,960 50,080
Cash and cash equivalents, end of period 13,850 47,741
Supplemental disclosure:    
Interest paid 819 2,600
Supplemental schedule of non-cash investing and financing activities:    
Common stock issued in settlement of preferred stock dividends 114 137
Repayment of short term loan with proceeds from stock issued in rights offering $ 17,574 $ 0