| Segment Reporting [Text Block] |
5. OPERATING SEGMENTS
The Company's chief operating decision maker is its Chief Executive Officer and President, Randall D. Sampson. The Company has four reportable operating segments: horse racing, Casino, food and beverage, and development. The horse racing segment primarily represents simulcast and live horse racing operations. The Casino segment represents operations of Canterbury Park’s Casino. The food and beverage segment represents food and beverage operations provided during simulcast and live racing, in the Casino, and during special events. The development segment represents our real estate development operations. The Company’s reportable operating segments are strategic business units that offer different products and services. They are managed separately because the segments differ in the nature of the products and services provided as well as the processes to produce those products and services. The Minnesota Racing Commission regulates the horse racing and Casino segments.
Depreciation and amortization, interest, income taxes, and certain other overhead expenses are allocated to the segments, but no allocation is made to the food and beverage segment for shared facilities. However, the food and beverage segment pays approximately 25% of gross revenues earned on special event days to the horse racing segment for use of the facilities.
The following tables represent a disaggregation of revenues from contracts with customers along with the Company’s operating segments (in 000’s):
| | | For the Three Months Ended September 30, 2026 | |
| | | Horse Racing | | | Casino | | | Food and Beverage | | | Development | | | Total | |
| Net revenues from external customers | | $ | 5,020 | | | $ | 10,158 | | | $ | 3,904 | | | $ | — | | | $ | 19,082 | |
| Intersegment revenues | | | 53 | | | | — | | | | 376 | | | | — | | | | 429 | |
| Net interest income | | | 141 | | | | — | | | | — | | | | 389 | | | | 530 | |
| Depreciation and amortization | | | 936 | | | | 76 | | | | 13 | | | | — | | | | 1,025 | |
| Segment income (loss) before income taxes | | | (1,801 | ) | | | 2,184 | | | | 1,506 | | | | (509 | ) | | | 1,380 | |
| Segment tax expense (benefit) | | | (549 | ) | | | 665 | | | | 459 | | | | (155 | ) | | | 420 | |
| | | For the Nine Months Ended September 30, 2026 | |
| | | Horse Racing | | | Casino | | | Food and Beverage | | | Development | | | Total | |
| Net revenues from external customers | | $ | 11,109 | | | $ | 29,030 | | | $ | 8,623 | | | $ | — | | | $ | 48,762 | |
| Intersegment revenues | | | 296 | | | | — | | | | 983 | | | | — | | | | 1,279 | |
| Net interest income | | | 439 | | | | — | | | | — | | | | 1,145 | | | | 1,584 | |
| Depreciation and amortization | | | 2,812 | | | | 226 | | | | 55 | | | | — | | | | 3,093 | |
| Segment income (loss) before income taxes | | | (4,199 | ) | | | 4,834 | | | | 3,022 | | | | (2,148 | ) | | | 1,509 | |
| Segment tax expense (benefit) | | | (1,469 | ) | | | 1,691 | | | | 1,057 | | | | (751 | ) | | | 528 | |
| | | September 30, 2026 | |
| Segment Assets | | $ | 115,204 | | | $ | 514 | | | $ | 41,210 | | | $ | 35,185 | | | $ | 192,113 | |
| | | For the Three Months Ended September 30, 2025 | |
| | | Horse Racing | | | Casino | | | Food and Beverage | | | Development | | | Total | |
| Net revenues from external customers | | $ | 5,548 | | | $ | 8,925 | | | $ | 3,842 | | | $ | — | | | $ | 18,315 | |
| Intersegment revenues | | | 79 | | | | — | | | | 385 | | | | — | | | | 464 | |
| Net interest income | | | 157 | | | | — | | | | — | | | | 372 | | | | 529 | |
| Depreciation and amortization | | | 922 | | | | 75 | | | | 30 | | | | — | | | | 1,027 | |
| Segment income (loss) before income taxes | | | (1,741 | ) | | | 1,832 | | | | 1,167 | | | | (615 | ) | | | 643 | |
| Segment tax expense (benefit) | | | (1,221 | ) | | | 1,441 | | | | 804 | | | | (868 | ) | | | 156 | |
| | | For the Nine Months Ended September 30, 2025 | |
| | | Horse Racing | | | Casino | | | Food and Beverage | | | Development | | | Total | |
| Net revenues from external customers | | $ | 11,677 | | | $ | 27,606 | | | $ | 7,839 | | | $ | — | | | $ | 47,122 | |
| Intersegment revenues | | | 270 | | | | — | | | | 960 | | | | — | | | | 1,230 | |
| Net interest income | | | 461 | | | | — | | | | — | | | | 990 | | | | 1,451 | |
| Depreciation and amortization | | | 2,615 | | | | 226 | | | | 104 | | | | — | | | | 2,945 | |
| Segment income (loss) before income taxes | | | (2,915 | ) | | | 3,803 | | | | 1,887 | | | | (3,090 | ) | | | (315 | ) |
| Segment tax expense (benefit) | | | (1,627 | ) | | | 2,123 | | | | 1,053 | | | | (1,725 | ) | | | (176 | ) |
| | | December 31, 2025 | |
| Segment Assets | | $ | 106,526 | | | $ | 740 | | | $ | 38,129 | | | $ | 35,949 | | | $ | 181,344 | |
The following are reconciliations of reportable segment revenues, income before income taxes, and assets, to the Company’s consolidated totals (in 000’s):
| | | For the Three Months Ended September 30, | | | For the Nine Months Ended September 30, | |
| | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Revenues | | | | | | | | | | | | | | | | |
| Total net revenue for reportable segments | | $ | 19,511 | | | $ | 18,779 | | | $ | 50,041 | | | $ | 48,352 | |
| Elimination of intersegment revenues | | | (429 | ) | | | (464 | ) | | | (1,279 | ) | | | (1,230 | ) |
| Total consolidated net revenues | | $ | 19,082 | | | $ | 18,315 | | | $ | 48,762 | | | $ | 47,122 | |
| Income (loss) before income taxes | | | | | | | | | | | | | | | | |
| Total segment income before income taxes | | $ | 3,026 | | | $ | 2,294 | | | $ | 4,450 | | | $ | 2,274 | |
| Elimination of intersegment income before income taxes | | | (1,646 | ) | | | (1,651 | ) | | | (2,941 | ) | | | (2,589 | ) |
| Total consolidated income (loss) before income taxes | | $ | 1,380 | | | $ | 643 | | | $ | 1,509 | | | $ | (315 | ) |
| | | September 30, | | | December 31, | |
| | | 2026 | | | 2025 | |
| Assets | | | | | | | | |
| Total assets for reportable segments | | $ | 192,113 | | | $ | 181,344 | |
| Elimination of intercompany balances | | | (74,290 | ) | | | (68,763 | ) |
| Total consolidated assets | | $ | 117,823 | | | $ | 112,581 | |
|