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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 8,339,727 $ 8,761,925
Restricted cash 1,184,637 1,069,181
Short-term investments 204,990 204,525
Accounts receivable, net of allowance of $22,294 for both periods 392,053 192,674
Inventory 262,670 231,545
Prepaid expenses 453,535 541,822
Deferred income taxes 251,900 265,900
Income taxes receivable 66,028  
Due from Minnesota horsemen associations 602,352 125,828
Total current assets 11,757,892 11,393,400
LONG-TERM ASSETS    
Deposits 20,000 26,400
Land, buildings and equipment, net of accumulated depreciation of $25,056,821 and $24,010,738, respectively 29,812,056 28,075,879
Total assets 41,589,948 39,495,679
CURRENT LIABILITIES    
Accounts payable 3,320,037 2,174,466
Card Casino accruals 1,941,433 1,401,336
Accrued wages and payroll taxes 1,495,123 1,198,705
Accrued property taxes 814,280 653,385
Income taxes payable 17,626 388,910
Payable to horsepersons 102,048 211,571
Total current liabilities 7,690,547 6,028,373
LONG-TERM LIABILITIES    
Deferred income taxes 1,861,700 1,972,400
Stock appreciation rights   499,734
Total long-term liabilities 1,861,700 2,472,134
Total Liabilities 9,552,247 8,500,507
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,227,948 and 4,201,371, respectively, shares issued and outstanding 42,154 42,013
Additional paid-in capital 17,913,798 17,589,349
Retained earnings 14,081,749 13,363,810
Total stockholders' equity 32,037,701 30,995,172
Total liabilities and stockholders' equity $ 41,589,948 $ 39,495,679