v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 14,034,847 $ 12,064,854
Restricted cash 5,414,880 3,759,248
Short-term investments 5,000,000 5,000,000
Accounts receivable, net of allowance of $7,670 for both periods 1,098,606 342,866
Inventory 404,496 269,419
Prepaid expenses 1,178,681 1,180,025
Income taxes receivable and prepaid income taxes 2,390,533 2,426,857
Total Current Assets 29,522,043 25,043,269
LONG-TERM ASSETS    
Deposits 99,147 99,147
Other prepaid expenses 9,270 15,972
TIF receivable 20,558,288 19,986,287
Equity investment 4,909,432 5,155,644
Other long-term receivables 1,677,970 2,097,463
Land held for development 2,915,710 2,659,257
Land, buildings, and equipment, net 50,907,232 51,564,440
Total Long-term Assets 87,424,821 87,537,811
TOTAL ASSETS 116,946,864 112,581,080
CURRENT LIABILITIES    
Accounts payable 3,734,115 2,218,679
Casino accruals 2,577,452 2,424,310
Accrued wages and payroll taxes 2,027,685 2,007,174
Cash dividend payable 361,292 356,949
Accrued property taxes 1,207,293 1,171,974
Deferred revenue 921,768 541,236
Payable to horsepersons 2,309,177 873,065
Current portion of finance lease obligations 37,414 35,862
Total Current Liabilities 13,176,196 9,629,249
LONG-TERM LIABILITIES    
Deferred income taxes 10,542,317 10,471,000
Investee losses in excess of equity investment 9,145,521 8,521,464
Finance lease obligations, net of current portion 62,216 81,319
Total Long-term Liabilities 19,750,054 19,073,783
TOTAL LIABILITIES 32,926,250 28,703,032
STOCKHOLDERS’ EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 5,183,394 and 5,121,331 respectively, shares issued and outstanding 51,834 51,213
Additional paid-in capital 31,549,511 30,690,660
Retained earnings 52,419,269 53,136,175
Total Stockholders’ Equity 84,020,614 83,878,048
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 116,946,864 112,581,080
Related Party [Member]    
CURRENT ASSETS    
Accounts receivable, net of allowance of $7,670 for both periods 76,000 19,000
LONG-TERM ASSETS    
Related party receivable $ 6,347,772 $ 5,959,601