Global Casinos, Inc. and Subsidiaries - Consolidated Balance Sheets (December 31, 2011 unaudited) (USD $)	Dec. 31, 2011		Jun. 30, 2011
Current Assets
Cash and cash equivalents	$ 890,801		$ 531,208
Accrued gaming income	283,844		275,425
Inventory	25,060		23,101
Prepaid expenses and other current assets	125,287		31,165
Total current assets	1,324,992		860,899
Land, building and improvements, and equipment:
Land	517,950		517,950
Building and improvements	4,138,220		4,138,220
Equipment	3,159,631		3,156,685
Total land, building and improvements, and equipment	7,815,801		7,812,855
Accumulated depreciation	(5,297,463)		(5,132,526)
Land, building and improvements, and equipment, net	2,518,338		2,680,329
Total assets	3,843,330		3,541,228
Current liabilities:
Accounts payable, trade	93,318		108,717
Accounts payable, related parties	8,865		14,073
Accrued expenses	384,808		304,186
Accrued interest	27,903		15,370
Other current liabilities	108,497		62,451
Joint venture obligation	23,605		25,750
Current portion of long-term debt	673,560		771,607
Current portion of loan participation obligations	210,346		30,802
Total current liabilities	1,530,902		1,332,956
Long-term debt, less current portion	149,546		154,906
Loan participation obligations, less current portion			194,485
Convertible debt, 2013 5%	120,000		120,000
Convertible debt, 2013 8%	58,625	[1]
Total liabilities	1,859,073		1,802,347
Commitments and contingencies
Stockholders' equity:
Common Stock	339,925		339,925
Additional paid-in capital	14,971,725		14,203,225
Accumulated deficit	(14,428,393)		(13,905,269)
Total equity	1,984,257		1,738,881
Total liabilities and stockholders' equity	3,843,330		3,541,228
Series A - No Dividends
Stockholders' equity:
Preferred Stock	401,000		401,000
Series D - 8% Cumulative, Convertible, Non-voting
Stockholders' equity:
Preferred Stock	$ 700,000		$ 700,000

[1] Net of discount of $644,875.