Schedule of Other intangible assets, net |
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June 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 Assets, Net
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Amortizing Intangibles 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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|
$ |
(708,333 |
) |
|
$ |
- |
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|
$ |
991,667 |
|
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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165,265 |
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165,265 |
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Non-amortizing intangible assets:
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Gaming License-GEI - Rising Star
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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 License- Silver Slipper Casino Venture, LLC
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Indefinite
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|
142,081 |
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|
- |
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|
- |
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|
142,081 |
|
Gaming Licensing Costs - Nevada
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Indefinite
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|
516,807 |
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|
- |
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|
1 |
|
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|
516,808 |
|
Trademarks
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Indefinite
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|
28,920 |
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|
- |
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|
2,668 |
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|
31,588 |
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|
|
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|
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|
$ |
15,067,511 |
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|
$ |
(1,632,669 |
) |
|
$ |
(1,687,433 |
) |
|
$ |
11,747,409 |
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|
December 31, 2011
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Estimated Life (years)
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|
|
Gross Carrying Value
|
|
|
Accumulated Amortization
|
|
|
Cumulative Expense / (Disposals)
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|
|
Intangible Assets, Net
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Amortizing Intangibles assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Player Loyalty Program - Rising Star
|
|
|
3 |
|
|
$ |
1,700,000 |
|
|
$ |
(425,000 |
) |
|
$ |
-- |
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|
$ |
1,275,000 |
|
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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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gaming License-GEI - Rising Star
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Indefinite
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|
|
|
9,900,000 |
|
|
|
-- |
|
|
|
- |
|
|
|
9,900,000 |
|
Gaming Licensing Costs
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|
Indefinite
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|
484,676 |
|
|
|
-- |
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|
32,131 |
|
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|
516,807 |
|
Trademarks
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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 |
) |
|
$ |
34,162 |
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|
$ |
13,619,219 |
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|