v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net income (loss) $ 21,803 $ (626,616)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,068,254 1,917,906
Stock-based compensation expense 355,775 331,473
Stock-based employee match contribution 482,064 477,282
Gain on disposal of assets (56,000) 0
Deferred income taxes 71,317 0
Loss from equity investment 2,265,601 2,962,766
Impairment to other long-term receivables 419,493 0
Changes in operating assets and liabilities:    
Accounts receivable (755,740) (526,581)
TIF receivable (482,826) (434,432)
Inventory, prepaid expenses and deposits (127,031) 59,517
Income taxes receivable and prepaid income taxes 36,324 1,156,608
Other long-term receivables 0 (140,000)
Operating lease right-of-use asset 0 10,943
Operating lease liabilities 0 (10,943)
Accounts payable 1,163,422 (343,023)
Deferred revenue 380,532 781,187
Casino accruals 153,142 (83,272)
Accrued wages and payroll taxes 20,511 (172,348)
Accrued property taxes 35,319 (384)
Payable to horsepersons 1,436,112 2,395,813
Net cash provided by operating activities 7,488,072 7,755,896
Investing Activities:    
Additions to land, buildings, and equipment (1,315,483) (2,031,971)
Proceeds from disposal of assets 56,000 0
Additions for TIF eligible improvements (89,175) (486,381)
Equity investment contributions (1,470,807) 0
Increase in related party receivable (388,171) (396,002)
Proceeds from sale of short-term investments 5,250,000 5,000,000
Purchase of short-term investments (5,250,000) (4,500,000)
Cash dividends received from investments 75,473 37,295
Net cash used in investing activities (3,132,163) (2,377,059)
Financing Activities:    
Proceeds from issuance of common stock 96,094 112,371
Cash dividend paid to shareholders (734,366) (715,603)
Payments for taxes related to net share settlement of equity awards (74,461) (63,730)
Principal payments on finance leases (17,551) (16,127)
Net cash used in financing activities (730,284) (683,089)
Net increase in cash, cash equivalents, and restricted cash 3,625,625 4,695,748
Cash, cash equivalents, and restricted cash at beginning of period 15,824,102 13,687,418
Cash, cash equivalents, and restricted cash at end of period 19,449,727 18,383,166
Schedule of non-cash investing and financing activities    
Additions to land, buildings, and equipment funded through accounts payable 352,000 1,105,000
Dividend declared but not yet paid 361,000 355,000
Change in investee losses in excess of equity investments 624,000 1,836,000
Supplemental disclosure of cash flow information:    
Interest paid $ 5,000 $ 3,000