Note 4 - Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Notes Tables |
|
| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
| | | 2025 | | | 2024 | |
| United States | | $ | (814,431 | ) | | $ | 3,036,727 | |
| Foreign | | | - | | | | - | |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | | 2025 | | | 2024 | |
| U.S. Federal | | $ | (507,000 | ) | | $ | 522,900 | |
| State | | | (403,000 | ) | | | 674,000 | |
| Foreign | | | - | | | | - | |
| Current income tax expense (benefit) | | | (910,000 | ) | | | 1,196,900 | |
| | | | | | | | | |
| U.S. Federal | | | 238,000 | | | | 51,985 | |
| State | | | 387,000 | | | | (325,000 | ) |
| Foreign | | | - | | | | - | |
| Deferred income tax expense (benefit) | | | 625,000 | | | | (273,015 | ) |
| Total income tax expense (benefit) | | $ | (285,000 | ) | | $ | 923,885 | |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | | 2025 | | | Percent | |
| United States federal statutory income tax rate | | $ | (171,000 | ) | | | 21.0 | % |
| State income taxes, net of federal tax benefit of state tax | | | (13,000 | ) | | | 1.6 | % |
| Credit for tax on employee tips | | | (29,000 | ) | | | 3.6 | % |
| Nontaxable or nondeductible items | | | | | | | | |
| Stock based compensation not benefited | | | 27,000 | | | | (3.3 | %) |
| Nondeductible lobbying expenses | | | 38,000 | | | | (4.7 | %) |
| Other | | | 9,000 | | | | (1.1 | %) |
| Changes in unrecognized tax benefits | | | | | | | | |
| IRS interest refund | | | (146,000 | ) | | | 17.9 | % |
| Provision for income tax benefit | | $ | (285,000 | ) | | | 35.0 | % |
| | | 2024 | | | Percent | |
| Federal tax (benefit) expense at statutory rates | | $ | 637,700 | | | | 21.0 | % |
| State and local income tax, net of federal (national) income tax effect | | | 275,700 | | | | 9.1 | % |
| Nondeductible lobbying expense | | | 32,000 | | | | 1.1 | % |
| Stock-based compensation expense | | | 4,900 | | | | 0.2 | % |
| Other | | | (26,415 | ) | | | (0.9 | %) |
| Provision for income tax expense | | $ | 923,885 | | | | 30.4 | % |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | | 2025 | | | 2024 | |
| Deferred tax assets: | | | | | | | | |
| Accrued compensation | | $ | 97,000 | | | $ | 82,300 | |
| Player rewards program accrual | | | 89,000 | | | | 94,800 | |
| Stock-based compensation | | | 210,700 | | | | 160,200 | |
| Net operating losses | | | 218,600 | | | | — | |
| Credits | | | 48,000 | | | | — | |
| Other | | | 155,400 | | | | 1,700 | |
| Net deferred tax assets | | | 818,700 | | | | 339,000 | |
| Deferred tax liabilities: | | | | | | | | |
| Land, building and equipment | | | 5,982,700 | | | | 5,523,200 | |
| Investment in joint ventures | | | 3,996,900 | | | | 3,468,100 | |
| TIF accrued interest receivable | | | 1,058,000 | | | | 962,100 | |
| Prepaid expenses | | | 252,100 | | | | 231,600 | |
| Net deferred tax liabilities | | | 11,289,700 | | | | 10,185,000 | |
| Net long-term deferred tax liabilities | | $ | (10,471,000 | ) | | $ | (9,846,000 | ) |
|
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| | | 2025 | | | 2024 | |
| Unrecognized tax benefits — January 1 | | $ | 181,000 | | | $ | — | |
| | | | | | | | | |
| Additions based on tax positions related to the current year | | | — | | | | 630,000 | |
| Additions for tax positions of prior years | | | — | | | | — | |
| Reductions for tax positions of prior years | | | — | | | | — | |
| Reductions for tax positions of current years | | | (181,000 | ) | | | (449,000 | ) |
| | | | | | | | | |
| Unrecognized tax benefits — December 31 | | $ | — | | | $ | 181,000 | |
|
| Schedule of Tax Payments and Refunds [Table Text Block] |
| Income Tax Paid, Net of Refunds | |
| | | | | |
| Federal refund | | $ | 1,488,608 | |
| State | | | — | |
| Foreign | | | — | |
| | | $ | 1,488,608 | |
|