Schedule of Other intangible assets, net |
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September 30, 2012 (unaudited)
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Estimated Life (years)
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Gross
Carrying
Value
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Accumulated Amortization
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Cumulative Expense / (Disposals)
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Intangible
Asset, Net
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Amortizing intangible assets:
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Player Loyalty Program - Rising Star
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3 |
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$ |
1,700,000 |
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$ |
(850,000 |
) |
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$ |
-- |
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$ |
850,000 |
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Wells Fargo Bank Loan Fees
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5 |
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2,614,438 |
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(924,336 |
) |
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(1,690,102 |
) |
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-- |
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Capital One Bank Loan Fees
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3 |
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901,906 |
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-- |
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-- |
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901,906 |
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Non-amortizing intangible assets:
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Gaming License-Indiana
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Indefinite
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9,900,000 |
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-- |
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-- |
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9,900,000 |
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Gaming License-Mississippi
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Indefinite
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171,402 |
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-- |
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-- |
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171,402 |
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Gaming Licensing Costs - Nevada
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Indefinite
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541,653 |
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-- |
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-- |
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541,653 |
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Trademark-Rising Star
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Indefinite
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32,565 |
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-- |
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-- |
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32,565 |
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$ |
15,861,964 |
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$ |
(1,774,336 |
) |
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$ |
(1,690,102 |
) |
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$ |
12,397,526 |
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December 31, 2011
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Estimated Life (years)
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|
Gross
Carrying
Value
|
|
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Accumulated Amortization
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Cumulative Expense / (Disposals)
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|
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Intangible Assets, Net
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Amortizing intangible assets:
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|
Player Loyalty Program - Rising Star
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3 |
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$ |
1,700,000 |
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$ |
(425,000 |
) |
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$ |
-- |
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$ |
1,275,000 |
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Nevada State Bank Loan Fees
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15 |
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|
218,545 |
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(218,545 |
) |
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-- |
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-- |
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Wells Fargo Bank Loan Fees
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5 |
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2,614,438 |
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(715,946 |
) |
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-- |
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1,898,492 |
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Non-amortizing intangible assets:
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Gaming License - Indiana
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Indefinite
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|
9,900,000 |
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|
-- |
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|
-- |
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|
9,900,000 |
|
Gaming Licensing Costs - Nevada
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Indefinite
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|
484,676 |
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-- |
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32,131 |
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|
516,807 |
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Trademark – Rising Star
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Indefinite
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26,889 |
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-- |
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2,031 |
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28,920 |
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$ |
14,944,548 |
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$ |
(1,359,491 |
) |
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$ |
34,162 |
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$ |
13,619,219 |
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