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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

8.   SUBSEQUENT EVENTS

 

On July 10, 2015, the Company entered into an agreement to sell approximately 6 acres of land adjacent to the Racetrack.  Under this agreement, the buyer agreed to purchase the land for approximately $1.4 million with a closing date within the next 90 days.

 

On July 30, 2015 the Company sold the land and buildings related to the Shakopee Valley RV Park located in Shakopee, Minnesota to SMSC.  The purchase price paid by SMSC for these assets was $100,000 and the cancellation of Stock Appreciation Rights (SAR) with a June 30, 2015 liability carrying value of $641,000 that the Company issued to SMSC pursuant to the CMA.