v3.25.4
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING REVENUES:    
Net Revenues $ 59,567,585 $ 61,562,288
OPERATING EXPENSES:    
Purse expense 7,063,430 7,908,404
Minnesota Breeders’ Fund 981,583 1,027,609
Salaries and benefits 26,456,624 26,142,046
Depreciation and amortization 3,998,041 3,620,899
Advertising and marketing 1,725,700 1,349,656
Professional and contracted services 5,851,341 5,660,993
Loss on disposal of assets 56,248 49,214
Other operating expenses 5,321,936 5,506,647
Total Operating Expenses 57,105,967 56,861,654
Gain on transfer of land (Note 11) 0 1,732,353
INCOME FROM OPERATIONS 2,461,618 6,432,987
OTHER INCOME (LOSS)    
Loss from equity investment (5,242,852) (5,467,771)
Interest income, net 1,966,803 2,071,511
Net Other Loss (3,276,049) (3,396,260)
(LOSS) INCOME BEFORE INCOME TAXES (814,431) 3,036,727
INCOME TAX BENEFIT (EXPENSE) (Note 4) 285,000 (923,885)
NET (LOSS) INCOME $ (529,431) $ 2,112,842
Basic earnings (loss) per share (in dollars per share) $ (0.1) $ 0.42
Diluted earnings (loss) per share (in dollars per share) $ (0.1) $ 0.42
Weighted average basic shares outstanding (in shares) 5,071,423 4,994,905
Weighted average diluted shares (in shares) 5,071,423 5,032,210
Casino [Member]    
OPERATING REVENUES:    
Net Revenues $ 37,086,757 $ 38,774,702
Pari-mutuel [Member]    
OPERATING REVENUES:    
Net Revenues 7,686,348 8,226,047
Food and Beverage [Member]    
OPERATING REVENUES:    
Net Revenues 8,244,692 7,968,157
OPERATING EXPENSES:    
Cost of goods and services sold 3,157,600 3,195,767
Product and Service, Other [Member]    
OPERATING REVENUES:    
Net Revenues 6,549,788 6,593,382
Other Pari-mutuel Expenses [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold 832,506 910,843
Public Utilities [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold $ 1,660,958 $ 1,489,576