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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 8,274,112 $ 8,761,925
Restricted cash 1,563,058 1,069,181
Short-term investments 205,192 204,525
Accounts receivable, net of allowance of $28,000 and $22,294 respectively 155,861 192,674
Inventory 253,334 231,545
Prepaid expenses 396,705 541,822
Due from Minnesota horsemen associations   125,828
Deferred income taxes (Note 3)   265,900
Income taxes receivable 355,060  
Total current assets 11,203,322 11,393,400
LONG-TERM ASSETS    
Deposits 20,000 26,400
Land, buildings and equipment, net (Note 2) 34,117,760 28,075,879
Total Assets 45,341,082 39,495,679
CURRENT LIABILITIES    
Current maturities of capital lease obligations (Note 8) 585,563  
Accounts payable 2,710,661 2,174,466
Card Casino accruals 1,759,314 1,401,336
Accrued wages and payroll taxes 1,370,577 1,198,705
Accrued property taxes 711,482 653,385
Payable to horsepersons 171,355 211,571
Income taxes payable   388,910
Total current liabilities 7,308,952 6,028,373
LONG-TERM LIABILITIES    
Capital lease obligations - long term portion (Note 8) 2,592,731  
Deferred income taxes (Note 3) 2,341,900 1,972,400
Stock appreciation rights (Note 5)   499,734
Total long-term liabilities 4,934,631 2,472,134
Total Liabilities 12,243,583 8,500,507
STOCKHOLDERS' EQUITY (Notes 4 and 5)    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,238,430 and 4,201,371, respectively, shares issued and outstanding 42,383 42,013
Additional paid-in capital 18,019,658 17,589,349
Retained earnings 15,035,458 13,363,810
Total stockholders' equity 33,097,499 30,995,172
Total Liabilities And Stockholders' Equity $ 45,341,082 $ 39,495,679