Canterbury Park Holding Corp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
CPHC$15.73-0.9%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
PART** 1 –** FINANCIAL INFORMATION**
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||
|---|---|---|
| September 30, | December 31, | |
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $16,713,056 | $21,936,210 |
| Restricted cash | 5,714,338 | 3,905,544 |
| Short-term investments | 5,000,000 | 5,000,000 |
| Accounts receivable, net of allowance of $7,670 for both periods | 2,457,780 | 484,092 |
| Inventory | 292,986 | 249,370 |
| Prepaid expenses | 1,706,038 | 645,422 |
| Income taxes receivable and prepaid income taxes | 2,127,349 | 4,083,364 |
| Total Current Assets | 34,011,547 | 36,304,002 |
| LONG-TERM ASSETS | ||
| Other prepaid expenses | 38,182 | 10,978 |
| TIF receivable | 16,969,097 | 13,972,875 |
| Related party receivable | 4,616,067 | 3,526,071 |
| Operating lease right-of-use asset | 27,674 | 53,026 |
| Equity investment | 8,046,985 | 6,612,712 |
| Land held for development | 1,229,475 | 1,229,475 |
| Land, buildings, and equipment, net | 49,288,093 | 42,969,529 |
| Total Long-term Assets | 80,215,573 | 68,374,666 |
| TOTAL ASSETS | $114,227,120 | $104,678,668 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $5,783,824 | $4,599,391 |
| Casino accruals | 2,240,551 | 2,667,499 |
| Accrued wages and payroll taxes | 2,806,975 | 1,662,927 |
| Cash dividend payable | 350,555 | 346,125 |
| Accrued property taxes | 726,331 | 741,215 |
| Deferred revenue | 325,883 | 274,898 |
| Payable to horsepersons | 2,906,622 | 763,383 |
| Current portion of finance lease obligations | 32,259 | 1,604 |
| Current portion of operating lease obligations | 27,674 | 25,352 |
| Total Current Liabilities | 15,200,674 | 11,082,394 |
| LONG-TERM LIABILITIES | ||
| Deferred income taxes | 9,708,000 | 10,300,015 |
| Investee losses in excess of equity investment | 4,003,146 | 1,464,218 |
| Finance lease obligations, net of current portion | 125,682 | 7,770 |
| Operating lease obligations, net of current portion | — | 27,674 |
| Total Long-term Liabilities | 13,836,828 | 11,799,677 |
| TOTAL LIABILITIES | 29,037,502 | 22,882,071 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $.01 par value, 10,000,000 shares authorized, 5,019,609 and 4,962,573 respectively, shares issued and outstanding | 50,196 | 49,626 |
| Additional paid-in capital | 28,445,226 | 27,351,509 |
| Retained earnings | 56,694,196 | 54,395,462 |
| Total Stockholders’ Equity | 85,189,618 | 81,796,597 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $114,227,120 | $104,678,668 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.