Full House Resorts, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of Cash, cash equivalents and restricted cash


(In Thousands)			December 31,
			2019			2018
Cash and equivalents			$	28,851		$	20,634
Restricted cash				1,000			—
			$	29,851		$	20,634

Schedule of estimated useful lives

Depreciation and amortization is provided over the following estimated useful lives:


		Estimated
Class of Assets		Useful Lives
Land improvements		15 to 18 years
Buildings and improvements		3 to 44 years
Furniture, fixtures and equipment		2 to 10 years

Schedule of Earnings Per Share, Basic and Diluted


(In Thousands)	Year Ended December 31,
	2019			2018
Numerator:
Net loss - basic	$	(5,822)		$	(4,371)
Adjustment for assumed conversion of warrants		—			(1,671)
Net loss - diluted	$	(5,822)		$	(6,042)

Denominator:
Weighted-average common and common share equivalents - basic		26,980			26,012
Potential dilution from assumed conversion of warrants		—			449
Weighted-average common and common share equivalents - diluted		26,980			26,461
Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share		3,851			2,576