v3.25.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Activities:    
Net (loss) income $ (529,431) $ 2,112,842
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,998,041 3,620,899
Stock-based compensation expense 687,970 571,632
Stock-based employee match contribution 913,586 875,798
Deferred income taxes 625,000 (454,015)
Loss on disposal of assets 56,248 49,214
Loss from equity investment 5,242,852 5,467,771
Gain on transfer of land 0 (1,732,353)
Changes in operating assets and liabilities:    
Accounts receivable 96,255 44,971
Increase in TIF receivable (915,818) (681,332)
Inventory, prepaid expenses and deposits (151,489) (1,233,504)
Income taxes receivable and prepaid income taxes 759,608 896,899
Other long-term receivables (500,000) (1,597,463)
Operating lease right-of-use assets 27,674 25,352
Operating lease liabilities (27,674) (25,352)
Accounts payable (1,622,796) (2,121,199)
Deferred revenue 229,992 36,346
Casino accruals 265,061 (508,250)
Accrued wages and payroll taxes (144,350) 488,597
Accrued property taxes 68,190 362,569
Other long-term liabilities (181,000) 181,000
Payable to horsepersons 2,290 107,392
Net cash provided by operating activities 8,900,209 6,487,814
Investing Activities:    
Additions to land, buildings, and equipment (4,182,822) (11,984,131)
Proceeds from disposal of assets 34,275 60,800
Additions for TIF eligible improvements (754,281) (4,244,238)
Proceeds from TIF receivable 582,257 0
Proceeds from sale of short-term investments 9,500,000 7,000,000
Purchase of short-term investments (9,500,000) (7,000,000)
Cash dividends received from equity investments 82,861 36,480
Increase in related party receivable (1,215,688) (1,217,842)
Net cash used in investing activities (5,453,398) (17,348,931)
Financing Activities:    
Proceeds from issuance of common stock 212,792 251,577
Cash dividend paid to shareholders (1,426,238) (1,405,636)
Payments for taxes related to net share settlement of equity awards (63,730) (108,887)
Principal payments on finance lease (32,951) (30,272)
Net cash used in financing activities (1,310,127) (1,293,218)
Net increase (decrease) in cash, cash equivalents, and restricted cash 2,136,684 (12,154,336)
Cash, cash equivalents, and restricted cash at beginning of year 13,687,418 25,841,754
Cash, cash equivalents, and restricted cash at end of year 15,824,102 13,687,418
Schedule of non-cash investing and financing activities    
Additions to land, buildings, and equipment funded through accounts payable 176,000 1,187,000
Additions to land, buildings, and equipment funded through prepaid expenses 726,000 0
Dividend declared but not yet paid 357,000 351,000
Change in investee losses in excess of equity investments 3,505,000 3,552,000
ROU assets obtained in exchange for operating lease obligations 0 171,000
Transfer of assets to Trackside Investments, LLC 0 583,000
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds (1,488,608) 300,000
Interest paid $ 11,000 $ 13,000