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Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 10,295,863 $ 9,384,983
Restricted cash 1,005,136 1,605,789
Short-term investments 203,581 203,195
Accounts receivable, net of allowance of $4,468 and $27,773, respectively 544,524 412,440
Inventory 191,303 212,072
Prepaid expenses 593,995 488,999
Deferred income taxes 330,400 425,100
Income taxes receivable 98,398 3,746
Due from Minnesota horsemen associations   16,829
Total current assets 13,263,200 12,753,153
LONG-TERM ASSETS    
Deposits 26,400 26,400
Land, buildings and equipment, net of accumulated depreciation of $21,571,514 and $22,021,944, respectively 22,806,972 22,119,959
Total assets 36,096,572 34,899,512
CURRENT LIABILITIES    
Accounts payable 3,821,933 2,785,534
Card Casino accruals 1,435,657 1,479,669
Accrued wages and payroll taxes 1,075,480 1,034,421
Due to MHBPA 141,892 548,300
Accrued property taxes 811,007 649,187
Payable to horsepersons 54,686 23,375
Total current liabilities 7,340,655 6,520,486
LONG-TERM LIABILITIES    
Deferred income taxes 1,198,900 1,254,300
Stock appreciation rights 304,032 239,788
Total long-term liabilities 1,502,932 1,494,088
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,150,285 and 4,147,743, respectively, shares issued and outstanding 41,503 41,477
Additional paid-in capital 16,984,458 16,903,245
Retained earnings 10,227,024 9,940,216
Total stockholders' equity 27,252,985 26,884,938
Total liabilities and stockholders' equity $ 36,096,572 $ 34,899,512