Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

 v2.3.0.11
Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and equivalents $ 11,547,586 $ 13,294,496
Accounts receivable, net of allowance for doubtful accounts of $1,060,473 and $0 3,204,377 2,276,422
Income taxes receivable 0 598,886
Prepaid expenses 4,626,867 796,858
Deposits and other 504,263 208,227
Total current assets 19,883,093 17,174,889
Property and equipment, net of accumulated depreciation of $8,462,389 and $6,888,958 37,652,418 7,372,251
Long-term assets related to tribal casino projects    
Notes receivable 419,703 427,567
Contract rights, net of accumulated amortization of $5,306,877 and $4,120,775 12,058,709 13,244,811
Total long-term assets related to tribal casino projects 12,478,412 13,672,378
Other long-term assets    
Goodwill 11,955,718 10,308,520
Intangible assets, net of accumulated amortization of $610,443 and $96,087 14,329,119 2,564,154
Long-term deposits 214,912 5,166,112
Other assets 262,328 192,482
Total other long-term assets 26,762,077 18,231,268
Total assets 96,776,000 56,450,786
Current liabilities    
Current portion of long-term debt 6,600,000 0
Accounts payable 1,387,903 181,604
Income tax payable 662,627 384,333
Accrued payroll and related 2,893,658 750,346
Other accrued expenses 2,493,443 229,323
Total current liabilities 14,037,631 1,545,606
Long-term debt, net of current portion 25,100,343 0
Deferred tax liability 1,913,885 2,110,333
Total liabilities 41,051,859 3,655,939
Stockholders' equity    
Common stock, $.0001 par value, 25,000,000 shares authorized; 20,030,276 and 19,364,276 shares issued 2,003 1,936
Additional paid-in capital 42,826,996 42,699,533
Treasury stock, 1,356,595 common shares (1,654,075) (1,654,075)
Retained earnings 9,168,891 6,164,927
Total stockholders' equity 50,343,815 47,212,321
Non-controlling interest in consolidated joint venture 5,380,326 5,582,526
Total equity 55,724,141 52,794,847
Total liabilities and stockholders' equity $ 96,776,000 $ 56,450,786