v3.26.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 17,273,546 $ 12,064,854
Restricted cash 4,036,159 3,759,248
Short-term investments 5,000,000 5,000,000
Accounts receivable, net of allowance of $7,670 for both periods 959,206 342,866
Inventory 293,228 269,419
Prepaid expenses 933,580 1,180,025
Income taxes receivable and prepaid income taxes 1,970,178 2,426,857
Total Current Assets 30,465,897 25,043,269
LONG-TERM ASSETS    
Deposits 99,147 99,147
Other prepaid expenses 9,272 15,972
TIF receivable 20,752,161 19,986,287
Equity investment 4,785,711 5,155,644
Other long-term receivables 1,677,970 2,097,463
Land held for development 3,039,169 2,659,257
Land, buildings, and equipment, net 50,426,843 51,564,440
Total Long-term Assets 87,356,725 87,537,811
TOTAL ASSETS 117,822,622 112,581,080
CURRENT LIABILITIES    
Accounts payable 3,329,567 2,218,679
Casino accruals 2,890,320 2,424,310
Accrued wages and payroll taxes 2,877,120 2,007,174
Cash dividend payable 362,838 356,949
Accrued property taxes 1,512,122 1,171,974
Deferred revenue 542,647 541,236
Payable to horsepersons 723,796 873,065
Current portion of finance lease obligations 38,214 35,862
Total Current Liabilities 12,276,624 9,629,249
LONG-TERM LIABILITIES    
Deferred income taxes 10,542,317 10,471,000
Investee losses in excess of equity investment 9,926,723 8,521,464
Finance lease obligations, net of current portion 52,357 81,319
Total Long-term Liabilities 20,521,397 19,073,783
TOTAL LIABILITIES 32,798,021 28,703,032
STOCKHOLDERS’ EQUITY    
Common stock, $.01 par value, 10,000,000 shares authorized, 5,197,717 and 5,121,331 shares issued and outstanding, respectively 51,977 51,213
Additional paid-in capital 31,957,028 30,690,660
Retained earnings 53,015,596 53,136,175
Total Stockholders’ Equity 85,024,601 83,878,048
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 117,822,622 112,581,080
Related Party [Member]    
CURRENT ASSETS    
Accounts receivable, net of allowance of $7,670 for both periods 53,000 19,000
LONG-TERM ASSETS    
Related party receivable $ 6,566,452 $ 5,959,601