v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
OPERATING REVENUES:        
Net Revenues $ 19,082,445 $ 18,314,701 $ 48,761,549 $ 47,122,067
OPERATING EXPENSES:        
Purse expense 2,377,041 2,352,607 6,035,478 5,557,573
Minnesota Breeders’ Fund 294,483 281,168 776,950 763,317
Salaries and benefits 7,281,200 7,273,226 20,355,160 20,533,384
Depreciation and amortization 1,024,778 1,026,994 3,093,032 2,944,900
Advertising and marketing 731,615 792,919 1,283,510 1,538,640
Professional and contracted services 1,815,938 1,951,992 4,635,948 4,759,706
Gain on disposal of assets 0 0 (56,000) 0
Other operating expenses 1,796,561 1,644,555 4,703,383 4,253,832
Total Operating Expenses 17,380,916 17,263,655 45,718,831 44,989,533
INCOME FROM OPERATIONS 1,701,529 1,051,046 3,042,718 2,132,534
OTHER INCOME (LOSS)        
Loss from equity investment (852,426) (936,264) (3,118,027) (3,899,029)
Interest income, net 530,417 528,501 1,584,272 1,451,162
Net Other Loss (322,009) (407,763) (1,533,755) (2,447,867)
INCOME (LOSS) BEFORE INCOME TAXES 1,379,520 643,283 1,508,963 (315,333)
INCOME TAX (EXPENSE) BENEFIT (420,355) (156,000) (527,996) 176,000
NET INCOME (LOSS) $ 959,165 $ 487,283 $ 980,967 $ (139,333)
Basic earnings (loss) per share (in dollars per share) $ 0.19 $ 0.1 $ 0.19 $ (0.03)
Diluted earnings (loss) per share (in dollars per share) $ 0.18 $ 0.1 $ 0.19 $ (0.03)
Weighted average basic shares outstanding (in shares) 5,183,550 5,086,172 5,154,253 5,062,060
Weighted average diluted shares (in shares) 5,208,356 5,101,084 5,191,800 5,062,060
Cash dividends declared per share (in dollars per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21
Casino [Member]        
OPERATING REVENUES:        
Net Revenues $ 10,158,440 $ 8,925,116 $ 29,030,001 $ 27,605,997
Pari-mutuel [Member]        
OPERATING REVENUES:        
Net Revenues 2,928,616 3,236,032 6,269,609 6,577,878
Food and Beverage [Member]        
OPERATING REVENUES:        
Net Revenues 3,608,614 3,507,789 7,929,772 7,199,300
OPERATING EXPENSES:        
Cost of goods and services sold 1,291,513 1,214,007 2,898,146 2,638,445
Product and Service, Other [Member]        
OPERATING REVENUES:        
Net Revenues 2,386,775 2,645,764 5,532,167 5,738,892
Other Pari-mutuel Expenses [Member]        
OPERATING EXPENSES:        
Cost of goods and services sold 192,453 181,763 642,627 639,218
Public Utilities [Member]        
OPERATING EXPENSES:        
Cost of goods and services sold $ 575,334 $ 544,424 $ 1,350,597 $ 1,360,518