v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING REVENUES:        
Net Revenues $ 16,167,746 $ 15,665,734 $ 29,677,279 $ 28,807,366
OPERATING EXPENSES:        
Purse expense 2,426,501 1,963,226 3,658,437 3,204,966
Minnesota Breeders’ Fund 288,624 283,566 482,467 482,149
Salaries and benefits 7,013,951 6,949,453 13,073,960 13,260,158
Depreciation and amortization 1,019,275 986,418 2,068,254 1,917,906
Advertising and marketing 417,444 568,646 551,895 745,722
Professional and contracted services 1,616,105 1,596,849 2,820,010 2,807,714
Gain on disposal of assets (24,000) 0 (56,000) 0
Other operating expenses 1,514,270 1,331,777 2,904,996 2,609,275
Total Operating Expenses 15,882,254 15,233,916 28,336,089 27,725,877
INCOME FROM OPERATIONS 285,492 431,818 1,341,190 1,081,489
OTHER INCOME (LOSS)        
Loss from equity investment (1,048,807) (1,389,604) (2,265,601) (2,962,766)
Interest income, net 542,491 479,380 1,053,855 922,661
Net Other Loss (506,316) (910,224) (1,211,746) (2,040,105)
(LOSS) INCOME BEFORE INCOME TAXES (220,824) (478,406) 129,444 (958,616)
INCOME TAX BENEFIT (EXPENSE) 72,750 151,000 (107,641) 332,000
NET (LOSS) INCOME $ (148,074) $ (327,406) $ 21,803 $ (626,616)
Basic earnings (loss) per share (in dollars per share) $ (0.03) $ (0.06) $ 0 $ (0.12)
Diluted earnings (loss) per share (in dollars per share) $ (0.03) $ (0.06) $ 0 $ (0.12)
Weighted average basic shares outstanding (in shares) 5,153,952 5,060,543 5,139,604 5,050,003
Weighted average diluted shares (in shares) 5,153,952 5,060,543 5,171,440 5,050,003
Cash dividends declared per share (in dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14
Casino [Member]        
OPERATING REVENUES:        
Net Revenues $ 9,630,551 $ 9,488,723 $ 18,871,561 $ 18,680,881
Pari-mutuel [Member]        
OPERATING REVENUES:        
Net Revenues 2,321,217 2,263,361 3,339,169 3,341,846
Food and Beverage [Member]        
OPERATING REVENUES:        
Net Revenues 2,471,999 2,066,758 4,321,158 3,691,511
OPERATING EXPENSES:        
Cost of goods and services sold 944,589 816,133 1,606,633 1,424,438
Product and Service, Other [Member]        
OPERATING REVENUES:        
Net Revenues 1,743,979 1,846,892 3,145,391 3,093,128
Other Pari-mutuel Expenses [Member]        
OPERATING EXPENSES:        
Cost of goods and services sold 285,723 280,285 450,174 457,455
Public Utilities [Member]        
OPERATING EXPENSES:        
Cost of goods and services sold $ 379,772 $ 457,563 $ 775,263 $ 816,094