Quarterly report pursuant to Section 13 or 15(d)

GOODWILL & OTHER INTANGIBLES (Tables)

v2.4.0.6
GOODWILL & OTHER INTANGIBLES (Tables)
9 Months Ended
Sep. 30, 2012
Contract Rights and Goodwill and Other Intangibles [Abstract]  
Schedule of Other intangible assets, net
 
September 30, 2012 (unaudited)
Estimated
Life (years)
Gross
Carrying
Value
Accumulated Amortization
Cumulative Expense / (Disposals)
Intangible
Asset, Net
Amortizing intangible assets:
Player Loyalty Program - Rising Star
3 $ 1,700,000 $ (850,000 ) $ -- $ 850,000
Wells Fargo Bank Loan Fees
5 2,614,438 (924,336 ) (1,690,102 ) --
Capital One Bank Loan Fees
3 901,906 -- -- 901,906
Non-amortizing intangible assets:
Gaming License-Indiana
Indefinite
9,900,000 -- -- 9,900,000
Gaming License-Mississippi
Indefinite
171,402 -- -- 171,402
Gaming Licensing Costs - Nevada
Indefinite
541,653 -- -- 541,653
Trademark-Rising Star
Indefinite
32,565 -- -- 32,565
$ 15,861,964 $ (1,774,336 ) $ (1,690,102 ) $ 12,397,526
 
 
 
December 31, 2011
Estimated
Life (years)
Gross
Carrying
Value
Accumulated Amortization
Cumulative Expense / (Disposals)
Intangible
Assets, Net
Amortizing intangible assets:
Player Loyalty Program - Rising Star
3 $ 1,700,000 $ (425,000 ) $ -- $ 1,275,000
Nevada State Bank Loan Fees
15 218,545 (218,545 ) -- --
Wells Fargo Bank Loan Fees
5 2,614,438 (715,946 ) -- 1,898,492
Non-amortizing intangible assets:
Gaming License - Indiana
Indefinite
9,900,000 -- -- 9,900,000
Gaming Licensing Costs - Nevada
Indefinite
484,676 -- 32,131 516,807
Trademark – Rising Star
Indefinite
26,889 -- 2,031 28,920
$ 14,944,548 $ (1,359,491 ) $ 34,162 $ 13,619,219