v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities:    
Net income (loss) $ 980,967 $ (139,333)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,093,032 2,944,900
Stock-based compensation expense 539,997 508,458
Stock-based employee match contribution 705,502 693,291
Gain on disposal of assets (56,000) 0
Deferred income taxes 71,317 0
Loss from equity investment 3,118,027 3,899,029
Impairment to other long-term receivables 419,493 0
Changes in operating assets and liabilities:    
Accounts receivable (616,340) (922,019)
TIF receivable (408,356) (673,026)
Inventory, prepaid expenses and deposits 229,336 589,209
Income taxes receivable and prepaid income taxes 456,679 1,312,607
Other long-term receivables 0 (500,000)
Operating lease right-of-use asset 0 27,674
Operating lease liabilities 0 (27,674)
Accounts payable 893,847 (1,102,520)
Deferred revenue 1,411 162,761
Casino accruals 466,010 312,209
Accrued wages and payroll taxes 869,946 497,003
Accrued property taxes 340,148 262,770
Payable to horsepersons (149,269) 1,158,313
Net cash provided by operating activities 10,955,747 9,003,652
Investing Activities:    
Additions to land, buildings, and equipment (2,118,306) (3,675,002)
Proceeds from disposal of assets 56,000 0
Additions for TIF eligible improvements (357,518) (589,793)
Equity investment contributions (1,470,807) 0
Increase in related party receivable (606,851) (696,309)
Proceeds from sale of short-term investments 7,000,000 5,500,000
Purchase of short-term investments (7,000,000) (5,250,000)
Cash dividends received from investments 127,972 55,943
Net cash used in investing activities (4,369,510) (4,655,161)
Financing Activities:    
Proceeds from issuance of common stock 96,094 112,371
Cash dividend paid to shareholders (1,095,657) (1,070,216)
Payments for taxes related to net share settlement of equity awards (74,461) (63,730)
Principal payments on finance leases (26,610) (24,450)
Net cash used in financing activities (1,100,634) (1,046,025)
Net increase in cash, cash equivalents, and restricted cash 5,485,603 3,302,466
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 21,309,705 16,989,884
Schedule of non-cash investing and financing activities    
Additions to land, buildings, and equipment funded through accounts payable 217,000 848,000
Dividend declared but not yet paid 363,000 356,000
Change in investee losses in excess of equity investments 1,405,000 2,331,000
Supplemental disclosure of cash flow information:    
Interest paid $ 7,000 $ 9,000