Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and equivalents $ 38,306,407 $ 14,707,464
Accounts receivable, net of allowance for doubtful accounts of $1,078,611 and $1,158,013 3,343,364 4,865,195
Prepaid expenses 2,561,184 2,486,975
Deferred tax asset 738,312 750,580
Deposits and other 393,185 404,171
Total current assets 45,342,452 23,214,385
Property and equipment, net of accumulated depreciation of $12,204,216 and $11,080,559 38,614,823 38,668,283
Long-term assets related to tribal casino projects    
Note receivable, net of allowance of $661,600 and $661,600 0 0
Contract rights, net of accumulated amortization of $0 and $6,492,981 0 10,872,605
Total long-term assets related to tribal casino projects 0 10,872,605
Other long-term assets    
Goodwill 7,455,718 7,455,718
Intangible assets, net of accumulated amortization of $566,668 and $425,000 11,579,446 11,720,727
Long-term deposits 2,729,421 142,114
Loan fees, net of accumulated amortization of $0 and $934,491 0 1,898,492
Deferred tax asset 432,487 645,617
Total other long-term assets 22,197,072 21,862,668
Total assets 106,154,347 94,617,941
Current liabilities    
Accounts payable 1,945,705 1,613,819
Income tax payable 17,699,608 2,409,612
Accrued player club points and progressive jackpots 1,785,042 1,750,981
Accrued payroll and related 3,696,136 4,033,866
Other accrued expenses 2,829,957 2,427,197
Current portion of long-term debt 0 4,950,000
Total current liabilities 27,956,448 17,185,475
Long-term debt, net of current portion 0 21,987,422
Total liabilities 27,956,448 39,172,897
Stockholders' equity    
Common stock, $.0001 par value, 25,000,000 shares authorized; 20,030,276 shares issued 2,003 2,003
Additional paid-in capital 43,758,199 43,447,798
Treasury stock, 1,356,595 common shares (1,654,075) (1,654,075)
Retained earnings 36,091,772 8,507,926
Total stockholders' equity 78,197,899 50,303,652
Non-controlling interest in consolidated joint venture 0 5,141,392
Total equity 78,197,899 55,445,044
Total liabilities and stockholders' equity $ 106,154,347 $ 94,617,941