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ACCOUNTS RECEIVABLE
12 Months Ended
Dec. 31, 2012
ACCOUNTS RECEIVABLE  
ACCOUNTS RECEIVABLE

NOTE 2.  ACCOUNTS RECEIVABLE

 

Accounts receivable consist of the following:

 

 

 

December 31,

 

 

 

2012

 

2011

 

Casino

 

$

2,221,970

 

$

2,819,310

 

Hotel

 

563,651

 

483,634

 

Other

 

399,984

 

309,748

 

 

 

3,185,605

 

3,612,692

 

Less allowance for doubtful accounts

 

(728,722

)

(1,312,845

)

 

 

$

2,456,883

 

$

2,299,847

 

 

The Company recorded bad debt expense of $0, $84,798 and $740,387 in 2012, 2011 and 2010, respectively.  The Company calculates an allowance for doubtful accounts by applying a percentage, estimated by management based on historical aging experience, to the accounts receivable balance.