Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 10,603,352	$ 10,075,642
Restricted cash	5,137,676	3,611,776
Short-term investments	4,750,000	5,000,000
Accounts receivable, net of allowance of $7,670 for both periods	924,894	439,121
Inventory	251,409	250,658
Prepaid expenses	1,718,250	1,849,015
Income taxes receivable and prepaid income taxes	3,177,975	3,186,465
Total Current Assets	26,563,556	24,412,677
LONG-TERM ASSETS
Deposits	29,650	19,650
Other prepaid expenses	11,748	19,951
TIF receivable	19,239,879	18,898,445
Operating lease right-of-use asset	27,674	27,674
Equity investment	6,380,941	6,976,091
Other long-term receivables	1,597,463	1,597,463
Land held for development	2,285,515	2,183,930
Land, buildings, and equipment, net	51,312,447	51,042,988
Total Long-term Assets	85,794,890	85,510,105
TOTAL ASSETS	112,358,446	109,922,782
CURRENT LIABILITIES
Accounts payable	2,875,258	3,665,155
Casino accruals	2,468,445	2,159,249
Accrued wages and payroll taxes	2,378,628	2,151,524
Cash dividend payable	353,219	351,373
Accrued property taxes	1,379,730	1,103,784
Deferred revenue	867,423	311,244
Payable to horsepersons	2,077,717	870,775
Current portion of finance lease obligations	33,655	32,950
Current portion of operating lease obligations	27,674	27,674
Total Current Liabilities	12,461,749	10,673,728
LONG-TERM LIABILITIES
Deferred income taxes	9,846,000	9,846,000
Investee losses in excess of equity investment	6,012,858	5,016,198
Finance lease obligations, net of current portion	108,499	117,182
Other long-term liabilities	181,000	181,000
Total Long-term Liabilities	16,148,357	15,160,380
TOTAL LIABILITIES	28,610,106	25,834,108
STOCKHOLDERS’ EQUITY
Common stock, $.01 par value, 10,000,000 shares authorized, 5,058,088 and 5,036,717 respectively, shares issued and outstanding	50,581	50,367
Additional paid-in capital	29,259,400	28,940,887
Retained earnings	54,438,359	55,097,420
Total Stockholders’ Equity	83,748,340	84,088,674
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	112,358,446	109,922,782
Related Party [Member]
LONG-TERM ASSETS
Related party receivable	$ 4,909,573	$ 4,743,913

Canterbury Park Holding Corp 10-Q