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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 7,499,762 $ 9,384,983
Restricted cash 1,317,409 1,605,789
Short-term investments 203,780 203,195
Accounts receivable, net of allowance of $4,468 and $27,773, respectively 972,940 412,440
Inventory 218,797 212,072
Prepaid expenses 754,790 488,999
Deferred income taxes 380,800 425,100
Income taxes receivable 367,852 3,746
Due from Minnesota horsemen associations 846,525 16,829
Total current assets 12,562,655 12,753,153
LONG-TERM ASSETS    
Deposits 26,400 26,400
Land, buildings and equipment, net of accumulated depreciation of $21,881,456 and $22,021,944, respectively 24,742,697 22,119,959
Total assets 37,331,752 34,899,512
CURRENT LIABILITIES    
Accounts payable 3,674,668 2,785,534
Card Casino accruals 1,761,470 1,479,669
Accrued wages and payroll taxes 1,210,919 1,034,421
Due to MHBPA   548,300
Accrued property taxes 811,792 649,187
Payable to horsepersons 7,622 23,375
Total current liabilities 7,466,471 6,520,486
LONG-TERM LIABILITIES    
Deferred income taxes 1,579,300 1,254,300
Stock appreciation rights 475,466 239,788
Total long-term liabilities 2,054,766 1,494,088
COMMITMENTS AND CONTINGENCIES (NOTE 6)      
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,174,167 and 4,147,743, respectively, shares issued and outstanding 41,742 41,477
Additional paid-in capital 17,177,998 16,903,245
Retained earnings 10,590,775 9,940,216
Total stockholders' equity 27,810,515 26,884,938
Total liabilities and stockholders' equity $ 37,331,752 $ 34,899,512