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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash $ 8,305,293 $ 5,451,462
Restricted cash 2,671,629 1,341,656
Short-term investments 70,570 0
Accounts receivable, net of allowance of $31,537 and $34,805, respectively 657,639 394,314
Inventory 260,241 176,211
Prepaid expenses 860,771 564,984
Income taxes receivable 0 381,898
Deferred income taxes 382,500 320,400
Due from Minnesota horsemen associations 0 49,241
Total current assets 13,208,643 8,680,166
LONG-TERM ASSETS    
Deposits 20,000 20,000
Land, buildings and equipment, net of accumulated depreciation of $17,964,208 and $19,006,314, respectively 23,336,096 23,948,330
Total assets 36,564,739 32,648,496
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 4,561,880 2,252,527
Card Casino accruals 1,784,131 1,433,798
Accrued wages and payroll taxes 1,365,327 686,964
Due to MHBPA 102,517 193,592
Accrued property taxes 579,314 562,349
Income taxes payable 138,001 0
Payable to horsepersons 47,811 21,551
Total current liabilities 8,578,981 5,150,781
LONG-TERM LIABILITIES    
Deferred income taxes 1,219,200 951,900
COMMITMENTS AND CONTINGENCIES (Note 6) 0 0
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,097,050 and 4,053,660, respectively, shares issued and outstanding 40,971 40,537
Additional paid-in capital 16,241,362 15,883,899
Retained earnings 10,484,225 10,621,379
Total stockholders' equity 26,766,558 26,545,815
Total liabilities and stockholders' equity $ 36,564,739 $ 32,648,496