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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 9,867,465 $ 8,274,112
Restricted cash 1,997,654 1,563,058
Short-term investments 205,192 205,192
Accounts receivable, net of allowance of $28,000 for both periods 467,862 155,861
Inventory 284,337 253,334
Prepaid expenses 323,378 396,705
Income taxes receivable 143,574 355,060
Total current assets 13,289,462 11,203,322
LONG-TERM ASSETS    
Deposits 25,000 20,000
Land, buildings and equipment, net of accumulated depreciation of $26,028,680 and $25,538,147, respectively 34,519,815 34,117,760
Total Assets 47,834,277 45,341,082
CURRENT LIABILITIES    
Current maturities of capital lease obligations 591,960 585,563
Accounts payable 4,179,475 2,710,661
Card Casino accruals 2,240,313 1,759,314
Accrued wages and payroll taxes 1,471,871 1,370,577
Accrued property taxes 887,807 711,482
Payable to horsepersons 257,033 171,355
Total current liabilities 9,628,459 7,308,952
LONG-TERM LIABILITIES    
Capital lease obligations - long term portion 2,410,734 2,592,731
Deferred income taxes 2,258,600 2,341,900
Total long-term liabilities 4,669,334 4,934,631
Total Liabilities 14,297,793 12,243,583
STOCKHOLDERS' EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 4,241,370 and 4,238,430, respectively, shares issued and outstanding 42,410 42,383
Additional paid-in capital 18,147,863 18,019,658
Retained earnings 15,346,211 15,035,458
Total stockholders' equity 33,536,484 33,097,499
Total Liabilities And Stockholders' Equity $ 47,834,277 $ 45,341,082